In this article, BeIn Crypto takes a look at the seven altcoins that increased the most last week, more specifically from Dec 10 to Dec 17.
These altcoins are:
- Dusk Network (DUSK) : 107.76%
- Aragon (ANT) : 53.61%
- Flux (FLUX) : 47.36%
- Syscoin (SYS) : 43.30%
- OKB (OKB) : 26.22%
- Quant (QNT) : 23.11%
- Avalanche (AVAX) : 21.77%
DUSK has been increasing rapidly since Dec 5, when it was trading at a low of only $0.186. The upward movement led to an all-time high price of $0.66 on Dec 15.
DUSK has been decreasing slightly since, currently trading at $0.52. If the downward movement continues, the closest support would be at $0.42, the previous all-time high resistance region.
Conversely, the closest resistance area is between $0.69-0.75, created by the long-term 1.61 (black) and the short-term 2.61 (white) external Fib retracement levels.
ANT has been moving upwards since bouncing on Dec 4 (green icon). On Dec 16, it reached a high of $7.63. However, it has been decreasing since.
The downward movement served to validate the $7.25 area as resistance. In addition to this, it validated the resistance line of an ascending parallel channel.
Until ANT manages to break out from both these levels, the trend cannot be considered bullish.
On Dec 10, FLUX broke out form a descending resistance line in place since the Nov 10 all-time high. This was a sign that the correction has ended.
On Dec 15, it returned to validate it as support (green icon).
FLUX is attempting to break out from the $2 resistance area. Once it is successful in doing so, it is likely to increase towards a new all-time high price.
On Dec 1, SYS reached a high of $0.89. This was very close to the yearly high of $0.92. After a short-term drop, the token regained its footing and is currently making another attempt at breaking out.
Furthermore, it seems to be following a steep ascending support line, which creates an ascending triangle when combined with the $0.92 resistance.
If a breakout transpires, the rate of increase is expected to accelerate.
OKB has been increasing alongside an ascending support line since Sept 26. More recently, it validates this line on Dec 4 and Dec 11 (green icons).
Currently, it is in the process of breaking out from the $32 horizontal resistance area. If it is successful in doing so, OKB would likely increase towards the $42.5 area, which is created by the all-time high price.
QNT has been falling since reaching an all-time high price of $429 on Sept 11. So far, it has decreased by 57%.
However, the token bounced on Dec 4, creating a long lower wick (green icon and validating the $150 area as support.
If the upward movement continues, the closest resistance would be at $260.
In the period between Dec 4 and Dec 11, AVAX bounced thrice (green icons) at the $78 horizontal area, which previously acted as the all-time high resistance.
It has been increasing since, and reached a high of $110 on Dec 16, being 30% below its all-time high.
Currently, AVAX is attempting to break out from the $103 resistance area, which is the final one prior to a new all-time high.
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.