Magnificent Seven: ALICE, QNT, AMP, OKB, LUNA, AXS, ANKR — Biggest Gainers July 23-30

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In Brief
  • ALICE has broken out from an ascending parallel channel.

  • AXS and QNT reached new all-time highs on July 28 and 29, respectively.

  • LUNA is following a descending resistance line.

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BeInCrypto takes a look at the seven altcoins that increased the most over the past seven days, from July 23 to July 30.

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These altcoins are:

  1. MyNeighborAlice (ALICE) – 118.64%
  2. Quant (QNT) – 69.50%
  3. Amp (AMP) – 60.48%
  4. OKB (OKB) – 43.10%
  5. Terra (LUNA) – 41.93%
  6. Axie Infinity (AXS) – 35.14%
  7. Ankr (ANKR) – 32.46%

ALICE

ALICE broke out from an ascending parallel channel on July 24. Afterwards, it returned in order to validate it as support on July 27 (green icon). This led to a high of $16.50 being reached on July 29. ALICE failed to reach the $18.20 resistance area and began to decrease. 

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The main support levels are at $11.70 and $10.25. The former is the 0.382 Fib retracement support level and a horizontal support area. The latter is the 0.5 Fib retracement support level and the resistance line of the channel from which ALICE broke out.

Chart By TradingView

QNT

QNT had been struggling to move above the $96 resistance level since June 25. 

After three unsuccessful attempts at moving above it, QNT finally broke out on July 29. It proceeded to reach a new all-time high price of $150 the same day. The high was made just above the 1.61 external Fib retracement resistance level of $138. 

The $96 area is now expected to act as support, while the next resistance is at $189, the 2.61 external Fib retracement.

Chart By TradingView

AMP

AMP has been moving upwards since June 20, when the token was trading at a low of $0.038. The upward movement was rapid, leading to a high of $0.092 on July 26. 

However, the higher prices could not be sustained, and a long upper wick was created (red icon). This validated the 0.618 Fib retracement resistance level at $0.09 as resistance.

AMP has been retracing since, attempting to find support. The main support area is at $0.065. 

Chart By TradingView

OKB

OKB has been increasing since June 22. It broke out from an ascending parallel channel on July 23 and validated it as support the next day (green icon). 

It has been moving upwards at an accelerated since, leading to a high of $19.36 on July 28. 

However, OKB was rejected by the $18.80 resistance area, seemingly creating a double top pattern. 

If a downward movement follows, the closest support levels would be at $15.55 and $14.38. These are the 0.382 and 0.5 Fib retracement support levels.

Chart By TradingView

LUNA

LUNA has been moving downwards since March 31, when it reached an all-time high price of $22.4. 

It was rejected by the line numerous times prior to the drop on May 19. 

LUNA initiated an upward movement on June 22 and created a higher low on July 20. 

However, it was rejected by the line once more on July 29 (red icon). At the time, the line also coincided with the $11.60 horizontal resistance area.

The main support area is at $8.30.

Chart By TradingView

AXS

AXS has been moving upwards at an accelerated rate since July 20. In a span of only seven days, the token increased by 275%, leading to a new all-time high price of $53.50 on July 27. 

The high was made right at the 2.61 external Fib retracement resistance level. In addition to this, it created the third long upper wick (red icon) over the past five days, a sign of bearish pressure. 

AXS has been moving downwards since.

The closest significant support level is at $29.23, the 0.618 Fib retracement support level and the previous all-time high.

Chart By TradingView

ANKR

ANKR has been trading inside a descending parallel channel since March 28. On June 22, it reached a low of $0.047, bouncing at the support line of the channel (green icon). 

On July 28, the token managed to reclaim the middle of the channel. This is an extremely bullish development that indicates that a movement towards the resistance line of the channel could occur. 

Currently, the token is trying to find support above $0.077. Successfully doing so would indicate that an upward movement towards the resistance line of the channel is likely.

Chart By TradingView

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

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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 discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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