Exclusive Five Biggest Altcoin Gainers, March 22-29

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In Brief
  • STORJ and ANKR have created shooting star candlesticks.

  • STORJ, ANKR, and FIL have generated bearish divergences.

  • Indicators for THETA and CAKE are still relatively bullish.

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



During the week of March 22 – 29, these were the biggest altcoin gainers:

  • Storj (STORJ) – 186%
  • Ankr (ANKR) – 133%
  • PancakeSwap (CAKE) – 63%
  • Filecoin (FIL) – 59%
  • THETA (THETA) – 40%

Biggest Altcoin Gainers

STORJ reached an all-time high price on March 28. However, it’s showing signs of weakness at a potential reversal area. 



Similarly, ANKR has created a shooting star candlestick and generated a bearish divergence.

CAKE is approaching resistance at $18.60.

FIL has reached a potential reversal level and has generated a bearish divergence.

THETA is in the process of breaking out and could potentially reach a new all-time high price in the process.

Storj (STORJ)

On March 28, STORJ reached an all-time high price of $3.83. However, it immediately proceeded to create a shooting star candlestick. This is often considered to be a bearish reversal sign.

The high was made at the 3.61 external Fib retracement of the most recent drop. This is a common reversal level. In addition, the high was combined with a bearish divergence in the RSI. 

If STORJ drops, the closest support levels are found at $2.53 and $2.13.

STORJ Chart By TradingView

Ankr (ANKR)

Similar to STORJ, ANKR reached an all-time high price on March 28 and proceeded to create a shooting star candlestick.

In addition, the RSI has generated a considerable bearish divergence. 

The movement looks like a completed bullish impulse. 

ANKR has already bounced at the 0.382 Fib retracement support level. While the bounce could continue in the short-term, an eventual drop to the 0.5 or 0.618 Fib retracement levels would be eventually expected.

ANKR Chart By TradingView

PancakeSwap (CAKE)

CAKE has been decreasing since Feb. 19, when it reached a high of $21.45. A downward movement followed and ended with a bounce on Feb. 28. 

CAKE has been increasing since. Currently, it’s very close to the $18.60 resistance area. 

A breakout above this level would likely take it towards the all-time high of $20.45. Beyond that, it could potentially move up to test $29.77. 

Technical indicators are bullish and support the probability of a breakout.

CAKE Chart By TradingView

Filecoin (FIL)

FIL reached an all-time high price of $139.66 on March 27. It decreased slightly the next day, but is trading near the same level now. 

FIL has already reached the 4.618 external Fib retracement level of the previous drop. 

In addition, the RSI has generated a bearish divergence. Therefore, it’s possible that FIL will soon reach a local top.

FIL Chart By TradingView

THETA (THETA)

THETA reached an all-time high of $14.87 on March 24 and decreased immediately afterwards. However, it created a bullish engulfing candlestick the next day.

The RSI generated some hidden bullish divergence after and THETA has been moving upwards since. 

If it breaks out, the next resistance area would likely be found at $17.80.

THETA Chart By TradingView

For last weeks altcoin gainers, click here.

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.
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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.

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