The chart shows that the best performing altcoins move from the bottom of the list to the top.
Moving average lines have created barriers that are preventing the recovery of cryptocurrency. Since HBAR, CRO and HBAR have risen between moving average lines but not above them, the price has been moving in a range.
Cardano
Cardano (ADA), although in a sideways movement, has dropped below the moving-average lines. ADA dropped to $0.84, but remained above the 50-day SMA. Breaking below the moving-average lines will signal a further decline towards the lows at $0.65 and $0.55. Cardano will recover the $1.20 high and rise.
The bears are also trying to break down below the 50-day SMA. ADA is the coin that has performed best.
The current price is $0.8226
Market Capitalization: $28,976,952,539.3
Trading volume: $3,427,847,475.95
7-day gain: 42.38%
Bitcoin Cash
Bitcoin Cash (BCH), which had fallen below the moving-average lines, has recovered recently from a low point of $271. The price indicator is predicting a decline, but it's rising again at $1,272 (or $324.29) Fibonacci Extension. The price is above the $300 resistance but below the moving-average lines.
BCH's positive trend will continue if the price is kept above the moving-average lines. Altcoins will reach a high of $500.80. Bullish momentum will eventually reach a high of $624. BCH is the cryptocurrency that has had the second-best performance.
The current price is $379.26
Market capitalization: $7.524,414,661.52
Trading Volume: $569,245,506.77
7-day Gain: 35.63%
Hedera
Hedera's (HBAR) trend is sideways. The digital asset was twice rejected at the $0.40 level of resistance. HBAR has corrected upwards since falling above the $0.18 low. The moving average line has completed the upward correction. Since March 1, the price of cryptocurrency has been stagnant.
If the bulls are able to break the SMA of 50 days, then the altcoin could reach a high $0.40. HBAR, however, will drop to a low of $0.20 if bears break through the 21-day SMA. HBAR is the third-best performing coin.
The current price is $0.2332
Market capitalization: $9.849,132.879.89
Trading volume: $737,297,588.75
7-day gain: 29.95%
XRP
XRP (XRP), although still in a sideways movement, has fallen below its moving average lines. Since the price drop on February 3, XRP is moving between the $2.00 support and the $3.00 high. The altcoin has a bearish trend in the lower price range. Above the $2.00 support, the selling pressure will cease. Once it remains above the $2.00 level, altcoins will continue to rise. If XRP falls below the support of $2.00, it could drop as low as $1.76.
Current price: $2.34
Market capitalization: $136 250 930 265.87
Trading Volume: $7,852,360,253.85
7-day Gain: 21.84%
Cronos
Cronos (CRO), the cryptocurrency, has dropped sharply in price to the lower portion of the chart. Before bouncing back, the cryptocurrency fell as low as $0.0068. The 50-day SMA broke above the moving median lines and stopped the price of cryptocurrency. The CRO is between the moving-average lines on the bottom chart. Once again, the cryptocurrency will surpass the 50-day SMA. The next resistance is $0.14. The market is in oversold territory. This is a disadvantage.
CRO ranks fifth among all cryptocurrency.
The current price is $0.08252
Market capitalization: $2.192.937.138.26
Trading Volume: $55,226,703.24
7-day Gain: 20.76%
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.