Weekly Cryptocurrency Analysis: Altcoins Break Through Overhead Resistance And Continue To Reach New Highs

19 views 8:16 am 0 Comments March 10, 2024

The best performing cryptocurrencies this week are listed below.

With each cryptocurrency breaking above their overhead resistance, the markets are currently experiencing a bull trend.

Pepe

The price of Pepe (PEPE) has resumed its uptrend and is approaching the high of $0.0000090000 after breaking above the overhead resistance at $0.00000281000. The cryptocurrency is currently trading in a bull market and rising in a smooth advance. On March 4, the altcoin rose to a high of $0.00000827714 before falling again. Over the past three days, the altcoin has fluctuated below the resistance level of $0.00000800000. PEPE is expected to continue rising as it remains in the uptrend zone.

It has the following characteristics and is the best performing coin.

Current price: $0.000006911

Market capitalization: $2.91B

Trading volume: $1.74B

7–day gain: 130.04%

PEPEUSD_(Daily Chart) – March 7.png

FLOKI

FLOKI (FLOKI) is in an uptrend and has fully recovered from its downtrend. The price of the cryptocurrency broke through the overhead resistance at $0.0000600000 and rose to a high of $0.0001740214. The upward movement stopped at a high of $0.0001800000. Since March 4, the altcoin has been fluctuating below the recent high in anticipation of an uptrend. On the upside, FLOKI will rise to the high of $0.0002586067 if the current resistance is broken.

At the time of writing, the altcoin is worth $0.000133095. In the meantime, the altcoin is fluctuating below the recent high. It has the following characteristics and is the second best performing coin.

Current price: $0.0001341

Market capitalization: $1.33B

Trading volume: $380.6M

7–day gain: 129.29%

FLOKIUSD_(Daily Chart) – March 7.jpg

Shiba Inu

Shiba Inu (SHIB) is in an uptrend and is almost ready to recover from the bear market. The cryptocurrency rose to a high of $0.00004552 before pulling back. It is predicted that buyers will push the altcoin to a high of $0.00008000 so that it can fully recover from the downturn. Today, the altcoin’s slide has slowed down as it pauses above the $0.00003119 support. Above the $0.00004500 resistance level, the altcoin could continue to rise.

The third most valuable coin, SHIB, has the following characteristics:

Current price: is $0.00003152

Market capitalization: $18.59B

Trading volume: $3.76B

7–day gain: 122.03%

SHIBUSD_(Daily Chart) – March 7.jpg

Fetch.ai

The price of Fetch.ai (FET) is rising after breaking above the overhead resistance level of $0.800. The cryptocurrency has resumed its uptrend and is in a bull market. Since the end of the upswing on September 6, 2021, the cryptocurrency value has been declining, albeit in a sideways trend. Today, the cryptocurrency is soaring and is approaching a high of $3.00. The upward trend is set to continue as the altcoin is encountering little or no resistance at its current high.

The fourth best performing cryptocurrency, FET, has the following characteristics:

Current price: $2.62

Market capitalization: $3,015,264,592

Trading volume: $1,073,298,382

7–day gain: 79.34%

FETUSD_(Daily Chart) – March 7.jpg

SingularityNET

SingularityNET (AGIX) price has regained positive momentum after breaking through the overhead resistance at $0.70. AGIX has been in a downtrend and sideways trend since the uptrend ended on August 30, 2021. The altcoin has risen to a high of $1.25 at the time of writing. The cryptocurrency is now in a bull market. The altcoin’s uptrend will continue as it approaches the high of $1.40.

AGIX, the fifth best performing cryptocurrency, offers the following advantages:

Current price is $1.19

Market capitalization: $2,380,087,407

Trading volume: $525,765,339

7–day gain: 65%

AGIXUSD_(Daily Chart) – March 7.jpg

Disclaimer. This analysis and forecast are the personal opinions of the author and 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.