Altcoins Resume Bullish Trend; Cryptocurrencies Gain Traction
The post Altcoins Resume Bullish Trend; Cryptocurrencies Gain Traction appeared on BitcoinEthereumNews.com.
Nov 21, 2023 at 07:34 // Price Several cryptocurrencies have broken through additional resistance levels and risen to previous highs. The altcoins listed below have re-established a positive trend and continue to rise. The following altcoins in weekly cryptocurrency market analysis by Coinidol.com are: Celestia Celestia (TIA) is in an uptrend after recovering and rising above moving average lines. Since November 2, the altcoin has been consolidating above the $2.00 support level and is preparing for a likely breakout. On November 10, the cryptocurrency recovered and climbed to a high of $7.50. On a positive note, the current uptrend is likely to continue beyond the recent peak. If buyers break through the resistance at $7.50, TIA will reach a high of $10. Meanwhile, the altcoin has entered the overbought territory of the market. TIA is the best performing cryptocurrency, and some of its characteristics are: Current price: $7.14 Market capitalization: $7,143,312,949 Trading volume: $462,466,244 7–day gain: 80.42% Kaspa Kaspa (KAS) is rising steadily. The price of the cryptocurrency is creating a series of higher highs and higher lows. The altcoin has reached the projected price of $0.12, which is the 1.618 Fibonacci extension. Further gains could be hindered if the cryptocurrency enters the overbought zone of the market. Meanwhile, the uptrend has stalled at the high of $0.15. It is unclear whether the altcoin will rise in value. The advantages of KAS, the second best performing cryptocurrency, are as follows: Current price: $0.1373 Market capitalization: $3,942,909,518 Trading volume: $144,217,669 7–day gain: 56.66% Render Render (RNDR) is in an uptrend with a series of higher highs and higher lows. The altcoin is approaching the projected price of $3.52. RNDR has now surpassed the historical price level of June 4. On June 4, the market reached a high of $2.80 before dropping…
Filed under: News - @ November 21, 2023 12:22 pm