Home Altcoin Five Biggest Altcoin Gainer Showcase — July 12-19

Five Biggest Altcoin Gainer Showcase — July 12-19

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BeInCrypto breaks down the 5 greatest altcoin movers and shakers from the earlier week. Will their momentum proceed?

The 5 altcoins that elevated probably the most final week had been: 

XEM

XEM has been shifting upwards since June 22 after it reached a low of $0.0852. The upward motion continued till a excessive of $0.17 was reached on July 17. This amounted to a rise of 100%. 

Throughout the upward transfer, XEM additionally broke out from a descending resistance line. 

Nonetheless, the aforementioned excessive occurred proper on the 0.5 Fib retracement resistance degree at $0.167, inflicting a rejection. 

If XEM manages to clear this resistance, it could doubtless improve in the direction of the subsequent closest resistance degree at $0.24.

XEM Chart By TradingView

RVN

RVN has been lowering alongside a descending resistance line since Could 20. On June 22, it proceeded to achieve a low of $0.040. 

Nonetheless, REV has been shifting upwards since. On July 16, it broke out over the descending resistance line and reached a excessive of $0.065 earlier than lowering. 

The principle resistance space is discovered at $0.083. This goal is the 0.618 Fib retracement resistance degree and a horizontal resistance space.

RVN Chart By TradingView

HBAR

Since March 15, HBAR has been lowering inside a descending parallel channel. It bounced after reaching the help line of the channel on June 22. The bounce additionally served to validate the $0.15 horizontal space as help.

Despite the fact that the Stochastic oscillator has made a bearish cross, there are bullish divergences in place in each the RSI and MACD, indicating {that a} rebound is anticipated. 

HBAR has to reclaim the midline of the channel as a way to verify the opportunity of a breakout.

HBAR Chart By TradingView

LEO

LEO has been shifting upwards since reaching a low of $2.06 on June 27. To this point, the upward motion has amounted to a rise of 43.50%. 

At the moment, LEO is buying and selling on the 0.5 Fib retracement resistance degree at $2.96. As well as, the extent is a confluence of a horizontal resistance space and the resistance line of an ascending parallel channel. 

As a result of confluence of resistance ranges, a rejection could be the more than likely situation.

LEO Chart By TradingView

REV

REV reached an all-time low value of $0.005 on June 22 and bounced, creating an extended decrease wick with a magnitude of 64%. 

It has decreased barely since and is at present buying and selling close to $0.007. 

The worth motion appears extraordinarily irregular and the first resistance degree is discovered at $0.013.

REV Chart By TradingView

For BeInCrypto’s newest bitcoin (BTC) evaluation, click here.

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All the knowledge contained on our web site is revealed in good religion and for common info functions solely. Any motion the reader takes upon the knowledge discovered on our web site is strictly at their very own threat.


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