As BTC continues to go up, lots of altcoins are bleeding out against BTC, resulting in smaller gains. However, this article will cover the handful of coins that have seen further gains against BTC this week, resulting in a higher percentage increase.
The top 5 coins are DOT (+68.5%), DOGE (+53.3%), CEL (+54.8%), ALGO (+41.9%), and THETA (+41.5%).
DOT surged by a substantial 68.55% this week to reach the current $8.74 level – making it the strongest performer in the top 50 ranked coins. THETA was trading at the $5.00 level last Saturday as it started to push higher. It quickly broke beyond the previous ATH at $6.50 and continued over the weekend to hit $7.50.
DOT stalled at $7.50 for a couple of days but continued on Thursday to climb as high as $9.61, where it ran into resistance provided by the 1.618 Fib Extension (green). It has since dropped slightly from this resistance but is battling to remain above $8.00.
Looking ahead, if the buyers continue to break back above $9.00 again, the first level of resistance lies at $9.40 (long term 1.618 Fib Extension – orange). This is followed by resistance at $9.61 (1.618 Fib Extension – green), $10, and $10.53. Additional resistance is found at $10.93 (1.272 Fib Extension), $11.61 (1.414 Fib Extension), $12, and $12.60.
On the other side, the first level of support lies at $8.00. This is followed by $7.67 (.382 Fib), $7.00 (.5 Fib), and $6.45 (.618 Fib).
DOGE saw a robust 53.29% price explosion this week to reach the $0.0069 level. DOGE is now up by a total of 110% over the past month of trading. The coin was trading beneath $0.0047 throughout most of the week. Yesterday, it pushed higher to break resistance at $0.00547 (bearish .236 Fib Retracement) to reach as high as $0.006.
Today, the DOGE surge continued as it passed $0.007 to reach $0.0075.
Moving forward, if the buyers continue higher, the first level of resistance is expected at $0.00815 (bearish .382 Fib Retracement). This is followed by $0.0087 (1.272 Fib Extension), $0.009, and $0.00933 (1.414 Fib Extension). Added resistance is found at $0.01, $0.103 (bearish .5 Fib Retracement), and $0.011.
On the other side, the first level of support lies at $0.007. This is followed by support at $0.0059 (.382 Fib), $0.005, $0.00475 (.618 Fib), and $0.004.
3. Celsius Network
CEL saw a healthy 54.85% price surge this week as it finally climbs above the $5.7 level. CEL has seen an extraordinary price surge over the past 3-months, which totals around 372%. The coin was trading beneath $4.00 last Saturday but immediately started to push higher. By Wednesday, CEL managed to spike as high as $6.40. Unfortunately, the buyers could not close a daily candle above the resistance at $6.65 (1.618 Fib Extension).
As a result, CEL traded sideways over the past four days of trading as it remained supported by the $5.50 level.
Looking ahead, if the buyers can break the resistance at $5.65, the first level of higher resistance lies at $6.00. This is followed by resistance at $6.50, $6.90 (1.272 Fib Extension), $7.00, and $7.28 (1.414 Fib Extension).
Beyond $7.86, resistance lies at $8.00, $8.50, and $8.73.
On the other side, the first level of support beneath $5.50 is expected at $5.10 (.236 Fib Retracement). This is followed by support at $5.00, $4.30 (.382 Fib Retracement), $4.00, and $3.66 (.5 Fib Retracement).
This week, ALGO managed to increase by 41.96% as the coin hit the $0.44 resistance today, provided by a bearish .5 Fib Retracement level. The coin was trading marginally above $0.3 last Saturday as it started to push higher. The bulk of this week’s price surge came yesterday when ALGO penetrated above $0.35 and reached the $0.4 level.
Today, ALGo continued to push higher from $0.4 as it broke above resistance at $0.414 (bearish .382 Fib) to reach higher resistance at $0.47 (bearish .5 Fib). It has since dropped slightly and is trading at $0.456.
Moving forward, if the bulls can break the $0.47 resistance, higher resistance is expected at $0.485 and $0.5. Above this, resistance lies at $0.533 (bearish .618 Fib), $0.559 (1.414 Fib Extension – purple), $0.6, and $0.618 (bearish .786 Fib Retracement).
Alternatively, the first level of support lies at $0.4. This is followed by $0.35, $0.34 (100-day EMA & 200-day EMA), and $0.3.
5. Theta Token
THETA saw a robust 41.54% price hike this week, allowing it to reach the current resistance at $2.12 – provided by a 1.272 Fibonacci Extension level. THETA was trading around $1.23 last Saturday as it started to push higher. On Thursday, THETA managed to break the $1.80 resistance to reach as high as $1.88.
The bullish surge continued yesterday, allowing THETA to spike as high as $2.30. Unfortunately, it was unable to close a daily candle above $2.00. Today, THETA continues to battle above $2.00 as it wrestles with the resistance at $2.06.
Looking ahead, if the buyers can break $2.06, the first level of higher resistance lies at $2.22. This is followed by $2.40, $2.46, $2.56, $2.70, $2.90, and $3.00.
On the other side, the first level of support lies at $2.00. This is followed by $1.88 (.236 Fib), $1.80, $1.63 (.382 Fib), and $1.43 (.5 Fib).
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