Top altcoins are the ones that have seen the greatest progress from the bottom of the list.
Altcoins have crossed the moving-average lines after rallying. CryptoGuestPosts provides a weekly cryptocurrency market analysis on the top performing altcoins.
PancakeSwap
PancakeSwap CAKE is recovering from its recent decline, after rising above moving average lines. The altcoin had previously dropped steeply on the chart. Bulls purchased CAKE at its $1.13 low. The cryptocurrency price rose above moving average lines to reach a peak of $3.41.
CAKE, however, has re-ascended above the moving average line. The uptrend will continue if the altcoin recovers, and stays above 50-day SMA. CAKE will reach its previous high of $3.58. CAKE will reach its previous high if the bears breach below the moving-average lines.
CAKE is the most successful cryptocurrency. CAKE has the following features:
Current price: $2.54
Market capitalization: $74,433,124.53
Trading volume: $437,152,967.98
7-day gain: 68.09%
SPX6900
SPX6900 has dropped in price, even though it rose from the bottom. The cryptocurrency is not yet above the moving-average lines. Altcoins fell to a minimum of $0.548, and are now close to their high of $0.855. SPX will reach $1.40 if it breaks above moving average lines.
If the SMA 21 day is rejected, SPX will drop and enter a downtrend. The altcoin trades below the moving-average lines but above the $0.60 mark. The second-best performing coin is SPX.
The current price is $0.8598
Market capitalization: $801,097,667.01
Trading volume: $33,219,645.59
Gain of 7 days 30.5%
Jito
Since December 4, 2023, the price of Jito has been moving in a sideways direction. JTO traded under the $4.50 resistance, but above the support of $1.50. Despite numerous attempts, the upper price range remained intact. Candle wicks that are longer than usual indicate a strong selling pressure on the recent high. Jito's price is higher than moving average lines. Altcoins will continue to rise and hit the $4.50 high again.
The current price is $3.18
Market capitalization: $936 285,088.47
Trading Volume: $117,810,863.26
7-day gain: 30.30%
Helium
Helium (HNT), which is currently moving in a range of $3.00 to $10, has a sideways movement. Altcoins fell to the lowest point of the chart on 3 February, $2.97. Bulls have bought dips, and altcoin is now rising again.
The correction is still in the downtrend zone, even though it peaked at $3.95. HNT will continue to move in a positive direction as long as the price stays above moving average lines. As long as fluctuation ranges are intact, the sideways trend will continue. HNT is currently the fourth-best performing cryptocurrency.
Current price: $3.94
Market capitalization: $699 403,710.88
Trading Volume: $5,900,641.22
7-day gain: 19.20%
GateToken
GateToken's (GT) growth is increasing, but it has only reached a peak of $26. GT fell below the moving-average lines and hit a low price of $17.53. Bulls rallied over the moving averages after buying dips. GT has reached its highest level of $23. If it can break above the $26 barrier, then altcoins will continue their upward trend and reach a maximum of $30.
GT is ranked fifth out of all the cryptocurrencies. Here are some of the characteristics.
The current price is $23.64
Market capitalization: $2.096,461,004.05
Trading Volume: $17,349,958.76
7-day gain: 11.63%
Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.