Weekly Cryptocurrency Market Analysis: Altcoins In A Vertical Uptrend, The Next Step Of The Rise To Come

The best-performing cryptocurrencies have fully emerged from the bear market and recovered this week.

Altcoins have risen steadily with or without obvious obstacles. Analysis from Coinidol.com brings you this week’s review of JASMY, WLD, AGIX, SC and FET coins.

JasmyCoin

JasmyCoin (JASMY) is currently in an uptrend and has fully recovered from its previous decline. The cryptocurrency is in a vertical rise and has reached a high of $0.016.

The altcoin surpassed its historical price of $0.0079 on May 5, 2023. JASMY is now trading in an uptrend market. On the downside, the price of the altcoin has been hovering between $0.0048 and $0.007. The bulls are breaking through the resistance at $0.007 and starting their upward push. The altcoin is expected to rise even further to its previous highs.

The altcoin is currently valued at $0.1623. It has the following characteristics and is the best performing coin.

Current price: $0.01636

Market capitalization: $817.89M

Trading volume: $1.41B

7–day gain: 154.79%

Worldcoin

Worldcoin (WLD) is in an uptrend and has been trading as a bull since breaking above the $2.50 resistance. Breaking the $2.50 barrier catapulted the altcoin to a high of $7.98. It is currently in the $8.00 resistance zone.

If the buyers overcome the initial $8.00 barrier, the market will reach a high of $9.76. WLD is currently worth $7.40.

WLD, the second best performing cryptocurrency, offers the following advantages:

Current price: $7.42

Market capitalization: $74.206.862.498

Trading volume: $857,139,486

7–day gain: 135.20%

SingularityNET

SingularityNET (AGIX) is in an uptrend and has fully recovered from its dip. The bulls have surpassed the historical price level of $0.66, which was set on September 5, 2021. The altcoin is currently trading at $0.738.

The upward movement is expected to meet resistance once it reaches $0.75. The rise will continue if buyers break above the $0.75 resistance level. Should the current barrier hold, AGIX will be forced to trade in a sideways range between $0.55 and $0.75. It has the following characteristics and is the third best performing cryptocurrency.

Current price: $0.6985

Market capitalization: $1,393,939,658

Trading volume: $429,571,453

7–day gain: 116.71%

Siacoin

Siacoin (SC) is in an uptrend and is trying to fully recover from its recent decline. The altcoin has reached a high of $0.017 at the time of writing. The current upswing is likely to be rejected at a high of $0.03. Since August 30, 2021, buyers have failed to break through resistance at $0.03. SC will be forced to trade down if it is rejected at the recent high.

The fourth highest valued coin, SC, has the following characteristics:

Current price: $0.01698

Market capitalization: $959,607,459

Trading Volume: $229,254,189

7–day Gain: 66.81%

Fetch.ai

Fetch.ai (FET) is in an uptrend and has fully recovered from its recent dip. The altcoin will reach its historic price of $1.20 on September 6, 2021. Buyers have driven the altcoin to a high of $1.14 by this date. A break above the resistance at $1.20 will allow the altcoin to trade in the bullish trend zone and resume its upward momentum.

FET, the fifth best performing cryptocurrency, has the following characteristics:

Current price: $1.14

Market capitalization: $1,322,390,390

Trading volume: $423,454,998

7–day gain: 57.80%

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.

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