- WLD’s profitable rise above the $8 resistance might set off a bounce towards $10.
- AR would possibly slip under $20 whereas promoting strain may lead PEPE right down to $0.0000013.
- Elevated shopping for strain might ship FET above $2 whereas FLR’s momentum had turned bearish.
Over the previous few weeks, the broader crypto market has skilled main upside with Bitcoin (BTC) hitting $64,000 at one level. Nonetheless, other than Bitcoin’s bounce, there have been a number of cryptocurrencies which were within the highlight and carried out exceptionally. Listed here are the highest 5 best-performing cash within the prime 100.
Worldcoin (WLD)
Worldcoin’s (WLD) worth elevated by 217.82% within the final 30 days. At a selected time, the worth of the token crossed $9. Nonetheless, within the final seven days, the upward trajectory had cooled, and at press time, Worldcoin modified fingers at $7.72.
Primarily based on the 4-hour WLD/USD chart sellers may need gotten exhausted with help showing at $7.25. Nonetheless, a build-up again to $9 could possibly be difficult contemplating the stable resistance at $8.
A profitable shut above $8 might see WLD head for a brand new all-time excessive, leaping towards $10. Nonetheless, rejection on the area might spell one other nosedive for the token. At press time, the RSI had fallen under the 50.00 midpoint, nearing the oversold area.
If the RSI studying continues to lower, WLD’s worth might slide under $7. Ought to the token get oversold, a bounce above $9 could possibly be subsequent. Moreover, the Superior Oscillator (AO) studying was unfavorable, suggesting rising downward momentum.
Arweave (AR)
AR’s worth at press time was $27.18, because of a 209.04% 30-day enhance. Because of the hike, the native token of the decentralized storage community has been in a position to transfer as much as quantity 52 available on the market cap standings.
From the technical perspective, volatility round AR has been excessive, in accordance with indications from the Bollinger Bands (BB). This excessive volatility implies that worth fluctuations could possibly be large. Nonetheless, the token was overbought because the higher band of the BB tapped its worth round $30.
In a extremely bearish situation, AR might slip under the $20 area. Nonetheless, elevated shopping for strain might drive the worth larger towards $35. Just like the BB, the Cash Stream Index (MFI) bolstered the notion that the token had hit overbought ranges.
Subsequently, additional retracement could possibly be doubtless. Then again, if altcoins start to maneuver larger than regular, AR might additionally observe and a return to the upside would possibly happen within the brief time period.
Pepe (PEPE)
As Coin Version not too long ago reported, PEPE’s 178% bounce made it the best-performing memecoin within the prime 100. At press time, the worth of the cryptocurrency was $0.00000271, and not too long ago, it hit an all-time excessive.
Nonetheless, PEPE gave the impression to be present process a profit-taking interval based mostly on the 4-hour outlook. As an illustration, the Chaikin Cash Stream (CMF) had fallen laborious into the unfavorable area. This unfavorable studying implies that there was no extra power behind PEPE’s earlier uptrend.
As a substitute, the worth motion would possibly proceed to development downward. If so, PEPE’s worth would possibly nosedive to $0.0000020. A take a look at the Fibonacci retracement confirmed that if promoting strain is intense, the worth might fall as little as $0.0000013 the place the 0.618 and $0.786 Fib ranges had been positioned.
Fetch.ai (FET)
FET continued to indicate its prowess as one of many prime AI-themed cryptocurrencies of this cycle. Within the final 30 days, FET’s worth has elevated by 170.78%. Additionally, the results of this hike meant that the worth was now buying and selling above $1.58.
Between February 22 and 28, FET was in a consolidation section as the worth struggled to maneuver above $1.19. Nonetheless, bulls discovered help at $1.05 and capitalized on it with elevated shopping for strain.
Because it stands, FET’s worth might rise larger because of the alerts from the On Stability Quantity (OBV). At press time, the OBV studying elevated. Additionally, the Transferring Common Convergence Divergence (MACD) was constructive, indicating a bullish momentum.
Within the brief time period, FET would possibly cross the $2 mark earlier than the northward motion cools off for some time.
Flare (FLR)
A 100% enhance within the final 30 days implied that Layer 1 token Flare (FLR) traded at $0.04. Nonetheless, the MACD revealed that the bullish momentum had turned bearish because it slid into unfavorable territory.
Moreover, the 12-day EMA (blue) had crossed under the 26-day EMA (orange), suggesting that sellers had outpaced patrons’ dominance. Ought to this be the case going ahead, FLR’s worth might drop by 15.62% which might place it at $0.039.
As well as, the RSI additionally fell under the midpoint, confirming the MACD promoting strain sign. Nonetheless, the long-term prospect of FLR might flip bullish if altcoins start to dominate as BTC falls.
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