Exclusive Five Biggest Altcoin Gainer Showcase: April 26 – May 3

Share Article
In Brief
  • OKV, WAVES, and XVS reached new all-time highs on May 3.

  • FTM has broken out from a horizontal resistance level.

  • WAVES and BAKE have reached external Fib resistance levels.

  • promo

    Free Cloud Mining Providers to Mine Bitcoin in 2021

The Trust Project is an international consortium of news organizations building standards of transparency.

BeInCrypto breaks down the five biggest altcoin movers and shakers from the previous week. Will their momentum continue?

Sponsored



Sponsored

During the week of April 26 to May 3, the five biggest altcoin gainers were:

  • BakeryToken (BAKE) – 448%
  • OKB (OKB) – 140%
  • Fantom (FTM) – 107%
  • Venus (XVS) – 83%
  • Waves (WAVES) – 80%

BAKE

BAKE has been increasing rapidly since April 23 when it had reached a low of $1.04. On May 2, it managed to reach a new all-time high price of $8.49, which amounted to an upward movement of 720%. 

Sponsored



Sponsored

However, BAKE has already reached the 3.61 external Fib retracement of the previous drop. This is a likely reversal area that could cause a rejection. In that case, the closest support levels would be found at $5.63, $4.75, and $3.87.

Despite the possibility of the drop, this looks to be wave three of a five-wave bullish impulse. Therefore, even if the drop transpires, a new all-time high would be eventually expected to follow.

 
BAKE Chart By TradingView

OKB

OKB has been moving upwards since April 18 and appears to have completed a flat correction. The rate of increase accelerated on April 30 and OKB managed to reach a new all-time high price of $44.35 on  May 3. This amounted to an increase of 220% from the aforementioned April 18 low. 

Technical indicators are bullish and there is no sign of weakness yet.

The next closest resistance levels are found at $49.50 and $59.50.

OKB Chart By TradingView

FTM

On April 30, FTM managed to break out above the $0.65 resistance area. However, it barely failed to reach a new all-time high price at $0.849. 

Currently, it seems to be in the process of validating the breakout level as support. 

Technical indicators are bullish, indicating that the trend is likely also bullish.

After the $0.87 resistance area, the next should be found near $1.26.

FTM Chart By TradingView

XVS

XVS has been moving upwards since April 23. On April 29, it managed to break out and reach a new all-time high price. 

After validating the breakout level as support, it resumed its upward movement and reached another new all-time high of $138 on May 3. 

Technical indicators are bullish. 

The next resistance levels are found at $144 and $211.

XVS Chart By TradingView

WAVES

WAVES did the majority of its growth on May 3. So far it’s pumped by upwards of 55%. This caused it to reach a new all-time high price of $37.57. 

However, WAVES has already reached the 2.61 external Fib retracement resistance at $35.25. The next resistance area is found at $44.55. 

WAVES Chart By TradingView

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Sponsored
Share Article

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

Follow Author

Crypto predictions with the Best Telegram Signal with +70% accuracy!

Join now

Free Cloud Mining Providers to Mine Bitcoin in 2021

Go

How To Mine Cryptocurrency: Beginner’s Guide

Let's Go