Oasis Network (ROSE) & NEAR Protocol (NEAR) hit new ATH – 7 altcoins with biggest gains of the week.
In this article, CoinCu will look at the seven cryptocurrencies that have gained the most over the past seven days, January 7th to 14th to be precise.
These cryptocurrencies are:
- Oasis Network (ROSE): 35.20%
- Dogecoins (DOGE): 26.90%
- Near Protocol (NEAR): 24.67%
- Secret (SCRT): 18.17%
- Dash (DASH): 16.57%
- FTX Token (FTT): 14.45%
- Harmony (ONE): 10.47%
ROSE has been up since January 10th when it fell as low as $0.30. Four days later, it hit a new all-time high at $0.538. This number corresponds to an increase of 77%.
Since then, the token has fallen slightly and may return to confirm the $0.455 area as support. If a retest succeeds, the next resistances will come in at $0.55 and $0.70. These are the outside Fibonacci retracement resistance levels of 1.61 and 2.61 respectively.
Daily ROSE/USDT chart | Source: TradingView
On Jan. 10, DOGE dropped as low as $0.136. This is a very bearish move as it suggests that the token has broken below the $0.165 support area that has stood for 257 days.
However, DOGE re-entered the zone shortly after and has since climbed higher, peaking at $0.21 on Jan. 14.
The next resistance is at $0.245, which is created by a descending resistance line. A break above it can greatly accelerate the upside move.
Daily DOGE/USDT chart | Source: TradingView
NEAR has been rising within an ascending parallel channel since December 18th. This led to a new all-time high of $20.4 on January 14th. The high was made very close to the resistance line.
Additionally, both the MACD and RSI produce significant bearish divergences that often herald a bearish trend reversal.
Therefore, it is possible for NEAR to drop towards the channel’s midline and possibly the channel’s support line.
NEAR/USDT daily chart | Source: TradingView
SCRT has been declining since October 28 along with a descending resistance line. Since then, prices have gone up.
Currently, the price is trading right at the 0.618 Fib retracement resistance at $8.20. This is also a horizontal resistance zone. A break above it can greatly accelerate the upside move.
SCRT/USDT daily chart | Source: TradingView
On December 4, DASH hit a low of $110 and bounced higher, creating a long wick underneath. This reconfirmed the $115 area as support. This zone has existed since June 2021.
On January 7th, the token rebounded and made a higher low (green icon).
The next resistance is $170 which is created by a descending resistance line.
Daily DASH/USDT Chart | Source: TradingView
The FTT has been declining along with a descending resistance line since hitting an all-time high of $84.7 on Sept. 9. The downtrend led to a low of $33.8 on Jan 8.
The token has been on the rise ever since and has now regained the descending resistance line. A break above this will confirm that the correction is over.
In this case, the next resistance would be $53.4, created by the 0.382 Fib retracement resistance.
Daily FTT/USDT Chart | Source: TradingView
ONE has been down along with a descending resistance line since Oct. 26 when it hit an all-time high of $0.38.
On January 2nd, the price broke above this resistance line and bounced back to confirm it as support two days later (green icon).
After starting another upward move, the price broke out above the $0.325 area on January 12th.
If a new all-time high is made, the next resistance is $0.53 created by the 1.61 external Fib resistance.
Daily ONE/USDT Chart | Source: TradingView
Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
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