Magnificent Seven: CELR, AVAX, HBAR, ATOM, CRV, AUDIO, SUSHI Sept 10-17

BeInCrypto takes a look at the seven altcoins that increased the most over the past seven days, from September 10 to 17.

These altcoins are: 

1. Celer Network (CELR): 74.62%
2. Avalanche (AVAX): 49.83%
3. Hedera Hashgraph (HBAR): 42.91%
4. Cosmos (ATOM): 36.47%
5. Curve DAO Token (CRV): 31.74%
6. Audius (AUDIO): 28.72%
7. SushiSwap (SUSHI): 28.22%

CELR

CELR has been moving upwards since July 20. On Sept 8, it created a higher low and began to accelerate. 

It broke out from the previous all-time high resistance area of $0.092 on Sept 14 and validated it as support the next day (green icon). This led to a new all-time high price of $0.123 on Sept 17. 

Technical indicators are bullish since both the MACD and RSI are increasing and neither has generated a bearish divergence. 

The next closest resistance area is found at $0.154. This is the 1.61 external Fib retracement resistance level.

AVAX

On Aug 24, AVAX reached a high of $58.98 but fell afterward. This led to a low of $32.23 being reached on Sept 7. 

AVAX has been moving upwards since this low and broke out above the $50 resistance area on Sept 11. It returned to validate the level as support two days later. 

The bounce that followed took AVAX to a new all-time high price of $68.89 on Sept 17.

Both the RSI and MACD are increasing, supporting the continuation of the upward movement. 

The next resistance target is found at $75. This is the 1.61 external Fib retracement resistance level.

HBAR

HBAR has been increasing since breaking out from a descending parallel channel on Aug 31. The upward move accelerated after Sept 7, leading to a new all-time high price of $57.60 on Sept 16.

The previous all-time high resistance of $41 is now expected to act as support. 

The RSI and MACD both support the continuation of the upward movement. The next closest resistance area is found at $0.645.

ATOM

ATOM has been increasing above a parabolic ascending support line since June 20. It reached a new all-time high price of $38.95 on Sept 13. 

ATOM appears to be in the fifth and final wave of a bullish impulse.

There is a resistance zone between $45.70-$47.22. This target area is created by the 1.61 external Fib retracement level (black) and the 1.61 length of waves 1-3 (orange).

CRV

CRV has been increasing since breaking out from a descending resistance line on July 27.

After initially struggling with the $2.45 resistance area, it finally managed to break out on Sept 14. This coincided with a breakout above the bearish divergence trendline of the RSI (blue line). 

The next closest resistance area is found at $3.65.

AUDIO

AUDIO has been decreasing since reaching a high of $4.07 on Aug 17. The downward move led to a low of $1.81 on Sept 7. 

After this, AUDIO broke out from a descending resistance line. The breakout is supported by the MACD and RSI, which are both increasing.

The closest resistance area is found at $4.05.

SUSHI

SUSHI began an upward move on Sept 13 and broke out from a descending resistance line two days later. This led to a high of $16.20 on Sept 16. 

SUSHI has been decreasing since then, falling back below the resistance line. It appears to be in the process of completing a fourth wave pullback. 

Doing so could take SUSHI back toward $18.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.