Weekly Cryptocurrency market analysis: Altcoins continue uptrend by overcoming their individual overhead barrier

Weekly Cryptocurrency market analysis: Altcoins continue uptrend by overcoming their individual overhead barrier

Mar 24, 2024, 06:20 // Price


These altcoins have all surpassed their respective resistances and entered the bull market. CryptoGuestPosts has analysed the top 5 performers from the previous week.

The positive trend continues unabated. Take a look at some of these cryptocurrencies.

Fantom

Fantom's (FTM) price is rising after recovering from its previous fall. FTM dropped to the bottom chart before rising above the $0.17 resistance. The cryptocurrency's price has broken through the moving average line and reached a new high of $1.16. The altcoin is expected to reach a high of around $3.68 before its downward trend can be reversed. FTM will reach the next level of resistance at $1.64 after it has broken through the $1.20 barrier.

The coin is best for its performance and has the following features.

Current price: $1.17

Market Capitalization: $3.700.886,994

Trading volume: $880,986,322

7-day gain: 56.81%

Ondo

Ondo (ONDO), the altcoin, is currently on an upswing following its break through of resistance at $0.30. After the breakout, Ondo (ONDO) is now in a bullish market. ONDO initially rose to a peak of $0.66, before falling. The altcoin fluctuated and fell below the resistance of $0.60. On March 12, altcoins were rejected at their recent highs, stopping the slide over the 50-day SMA.

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Today, the altcoin gained its positive momentum again and broke through the resistance of $0.60. ONDO now trades at $0.72 following the recent price increase. The current price rise will soon encounter another obstacle at $0.80.

Ondo, the second most valuable coin has the following features:

Current price: $0.743

Market capitalization of $7,429 517 417

Trading volume: $284,202,092

7-day gain: 42.15%

Stacks

Stacks (STX), a cryptocurrency, is on an upward trend and has surpassed the resistance level of $2.49. The cryptocurrency is now fully recovered after its recent downturn. It has resumed its upward trend. STX has entered a bullish market. Altcoin's value is now $3.52. STX will continue its upward trend, but is currently bouncing under the $3.70 barrier. Price movement was marked by doji candles, which slow down the upward trend.

STX is the third-best performing cryptocurrency.

Current price: $3.37

Market capitalization: $ 6,119,717 369

Trading volume: $477,542,385

7-day gain: 28.86%

Jupiter

Jupiter (JUP), a brand new altcoin, is currently trading in a bullish market after it broke through the $0.75 overhead threshold. The cryptocurrency reached a peak of $1.60, before retracing. JUP has recovered above $1.11, and is currently fluctuating under resistance at $1.40.

If bulls are able to break the recent high then the market could reach a new high of $2.25. The altcoin is still in a positive trend, trading above its 21-day SMA resistance and the $1.40 mark. JUP is worth $1.20 at the moment.

JUP is the fourth most popular altcoin and has the following features.

Current price: $1.21

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Market capitalization $12,025,115,151


Trading volume: $255,900,584


7-day gain: 28.40%

Suiprenez-vous?

Sui's (SUI) price is on an upward trend and is trading in a bullish market after it broke above the overhead resistance of $1.70. Altcoins have continued to rise, but remain trapped at $2.00. On February 14, the current rise was stopped and SUI has started a horizontal pattern. SUI trades between $1.30 to $2.00. The altcoin rally will continue if the $2.00 level of resistance is breached.

SUI is the fifth most successful cryptocurrency. It offers the following benefits:

Current price: $1.75


Market capitalization:$17.535.184.047


Trading volume: $521,870,459


7-day gain: 27.32%

Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as an endorsement from CryptoGuestPosts. Before investing in funds, readers should conduct their own research.

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