In this article, BeInCrypto takes a look at the seven altcoins that increased the most over the past seven days (March 12 – March 19).
These altcoins are:
- Holo (HOT) – 160%
- Harmony (ONE) – 140%
- Pundi X (NPXS) – 118%
- Siacoin (SC) – 96%
- Filecoin (FIL) – 94%
- Decentraland (MANA) – 78%
- Terra (LUNA) – 72%
HOT has been increasing rapidly over the past two weeks. On March 15, it reached an all-time high price of $0.0095. The high was close to the 3.61 external fib retracement of the previous drop.
Technical indicators are still bullish; thus, the upward movement may continue. If so, HOT would find the next closest resistance area at $0.011. This is the 4.61 external fib retracement of the same downward move.
ONE has been increasing since Feb. 23. Today, it reached a new all-time high price of $0.122.
However, ONE has begun to show weakness. Both the RSI & Stochastic oscillator have generated bearish divergence.
Also, ONE is trading close to a confluence of Fib resistance levels. They are found between $0.119-$0.127.
Therefore, it is possible that ONE reaches a top soon and begins a corrective structure.
Pundi X (NPXS)
NPXS has been moving upwards since Feb. 28. It reached a new all-time high of $0.0052 on March 19.
Similar to HOT, numerous bearish divergences are developing in the RSI, MACD & Stochastic oscillator.
However, the price has already moved above the first resistance area at $0.0044. Since it has cleared it, it is expected to increase towards the next resistance at $0.0062.
SC began a significant increase this week and is in the process of creating a bullish engulfing candlestick.
Technical indicators are bullish. The MACD, RSI & Stochastic oscillator are increasing.
The closest resistance area is found at $0.028. If SC manages to close above it, it will find the next resistance at $0.044.
However, a short-term rejection would be expected prior to continuation.
FIL has been increasing since breaking out from the $52.5 resistance area on March 15. After two days, it reached a high of $97.30. It has decreased slightly since then but validated the $77 area as support.
As long as FIL is trading above this level, the trend is considered bullish.
The next resistance areas are found at $110 and $132.
MANA has increased considerably since March 11. On March 14, it reached a new all-time high price of $0.1249. This was just above the 4.61 external Fib retracement at $1.10.
Since then, MANA has fallen below this level and validated it as resistance.
Due to this movement and the bearish divergence in the RSI, MANA may correct in the short-term.
If so, the closest support area is found at $0.72.
LUNA has been increasing since Feb. 28. On March 19, it reached a new all-time high price of $21.85.
However, it has already reached the 4.61 external Fib retracement of the most recent drop.
Therefore, it is possible that it will correct in the short-term. The bearish divergence in the RSI also supports this.