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

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%

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%

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%

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%

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%

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.

Source