Weekly Cryptocurrency Analysis: Altcoins Rise Higher As They Overcome Current Barrier

The cryptocurrencies listed below are the altcoins that are trading best in the current bull market.

Altcoins are pulling back, but their bullish rise has continued. Latest price analysis by Coinidol.com.

FLOKI

The price of FLOKI (FLOKI) has recovered from its downturn and is currently in a bull market. The altcoin is in an uptrend and has exceeded the expected price threshold. The altcoin is approaching its high of $0.0003500000.

If the bulls break the barrier of $0.0003500000, the altcoin will rise to a high of $0.0004500000. In the meantime, FLOKI is worth $0.0003010764.

The cryptocurrency has the potential for further upside as the price bars remain above the moving average lines. However, the uptrend would be affected if the price falls below the moving average lines. It has the following characteristics and is the best performing coin.

Current price: $0.0003089

Market capitalization: $3B

Trading volume: $1.11B

7–day gain: 114.61%

THORChain

THORChain (RUNE) is in an uptrend and has risen to a high of $11.46. The cryptocurrency is recovering from its previous downturn. The altcoin will fully recover if buyers break above the overhead resistance of $22. RUNE’s uptrend will continue as long as it trades above the moving averages.

Currently, the altcoin is facing initial resistance at a high of $12. The second highest valued coin, RUNE, has the following characteristics:

Current price: $10.57

Market capitalization: $4,434,398,855

Trading volume: $741,139,793 

7–day gain: 87.25%

dogwifhat

The price of dogwifhat (WIF) is in an uptrend and has broken above the $0.40 barrier. Previously, the price of the altcoin ranged between $0.08 and $0.40. The cryptocurrency moved in a range for two months before resuming its uptrend. WIF is in an uptrend and has risen to a high of $3.32. The cryptocurrency’s price bars remain above the moving average lines, indicating a continued upward movement.

WIF, the third best performing cryptocurrency, has the following characteristics:

Current price: $3.34

Market capitalization: $3,333,385,666

Trading volume: $917,203,333

7–day gain: 84.21%

Gala

The price of Gala (GALA) is rising as it returns from its previous downturn. The price of the cryptocurrency broke above the moving average lines and rose to a high of $.087. To fully recover from its downturn, the bulls need to push the altcoin to a high of $0.90. GALA is in a slight downtrend after its recent high. If the coin retraces above the moving average lines, it will resume its uptrend.

If the bulls break the recent high, the market will rise to a high of $0.117. GALA has the following characteristics and is the best performing coin.

Current price: $0.06973

Market capitalization: $2,204,249,639

Trading volume: $313,623,071

7–day gain: 62.99%

Toncoin

The price of Toncoin (TON) has fully recovered from its downturn and is now in a bull market. The price of the cryptocurrency broke through the overhead resistance at $2.90 and rose to a high of $4.60. After its recent high, the altcoin returned above the $4.10 support. The cryptocurrency is poised for further upside as it trades in the bullish trend zone. Once the current obstacle is overcome, the altcoin will continue to rise.

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

Current price: $4.31

Market capitalization: $22.008.206.955

Trading volume: $342,697,946 

7–day gain: 55.98%

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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• Source: https://coinidol.com/weekly-overcome-current-barrier/