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Weekly Cryptocurrency Market Analysis: Altcoins Gain Traction As They Resume A Bullish Momentum

coinidol.com

16 min ago

Weekly Cryptocurrency Market Analysis: Altcoins Gain Traction As They Resume A Bullish Momentum

Altcoins gain traction as they break above moving average lines. SEI and SYRUP have broken above their moving average lines, indicating that the positive trend will continue. Other altcoins rallied and broke through their respective barriers. SEI The price of SEI (SEI) has recovered above the moving average lines and reached a high of $0.34. After the end of the slump, the cryptocurrency has been in a sideways pattern. The altcoin is trading above the $0.13 support but below the moving average lines and resistance at $0.27. Buyers pushed the altcoin price above the moving average lines and reached a high of $0.34. The altcoin's rally was broken when it fell above the $0.27 support. SEI will rise to a high of $0.45 if the existing support holds. However, if the crypto price falls below the current support, it will return to its previous range. SEI is the best performing coin. The current price: $0.2737 Market capitalization: $1,522,906,942.71 Trading volume: $564,666,070.62 7-day gain: 51.69% Maple Finance Maple Finance (SYRUP) is on the rise. The price of the cryptocurrency is constantly reaching new highs and lows. On June 25, the altcoin rose to a high of $0.65 before falling well below $0.60. The long candlewick indicates considerable selling pressure at the most recent high. Should the bulls overcome the current barrier, the market could reach a high of $0.70. In the meantime, the altcoin is trading below the $0.60 mark. SYRUP is the second-highest performing cryptocurrency. The current price: $0.5962 Market capitalization: $664,201,154.51 Trading volume: $194,396,175.48 7-day gain: 15.44% Story Story (IP) is recovering from its slump but has stalled above the $2.40 support. Since June 19, the altcoin has been trading above the $2.40 support level but below the moving average lines. IP will rise to a high of $5.00 if buyers push the price above the moving averages. If the altcoin loses its current support, IP will fall back to its low of $1.42. In the meantime, the altcoin will continue to trade near the support level of $2.40. IP is the third best performing coin. The current price: $3.02 Market capitalization: $875,906,637.9 Trading volume: $23,769,728.65 7–day gain: 14.89% Four The price of Four (FORM)fell to a low of $2.07, but the bulls bought the dips. The altcoin fell sharply to the downside, leaving a long candlestick in its wake. The long candlestick indicates strong buying pressure at lower prices. The altcoin recovered above the support level of $2.30 and rose above the moving average lines. The altcoin will return to its previous high of $3.00 if it finds support above the moving average lines. FORM will fall to a low of $3.20. FORM is the fourth best performing altcoin. The current price: $2.82 Market capitalization: $1,077,025,987.64 Trading volume: $12,521,242.04 7–day gain: 13.93% Kaspa Kaspa (KAS) is currently in a sideways trend but has fallen below the moving average lines. The altcoin has been trading above the $0.05 support but below the $0.13 resistance level. Currently, the price of the cryptocurrency has fallen below the moving average lines. Buyers are struggling to push the price above the moving averages. If KAS loses its current support level of $0.06, it will fall to its all-time low. KAS is the fifth best performing altcoin. Here are some of its characteristics. The current price: $0.07715 Market capitalization: $2,036,007,017.08 Trading volume: $127,646,598.96 7–day gain: 12.18% Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.

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