WAVES Reclaims $9 Area After $140% Drop: Biggest Weekly Gainers

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WAVES Reclaims $9 Area After $140% Drop: Biggest Weekly Gainers
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Yes[In]Crypto Take a look at the top five cryptocurrencies that saw the biggest gains last week, more specifically from May 28 to July 3.

These cryptocurrencies are:

Waves (WAVES): 116.47% Cardano (ADA): 25.70% Internet Computer (ICP): 23.65% Stellar (XLM): 21.56% Helium (HNT): 20.42%

wave

WAVES has been falling since hitting an all-time high of $63.88 on March 31. The decline led to a low of $4.13 on May 29. After that, it started a sharp rise that is still ongoing.

Ledger

WAVES has rallied 140% since its May 29 low, reclaiming the $9 horizontal area in the process.

If the advance continues, the nearest horizontal resistance is at $16, while the nearest Fib resistance is at $27.

ADA

ADA has been increasing within an ascending parallel channel since May 12. These channels often contain corrective motion, which means that failures are likely.

On May 31, the price was rejected by the resistance line of the channel (red icon) and has been falling ever since. It currently remains above the middle of the channel (red circle). Below this level will indicate an imminent breakdown and lower prices.

ICP

ICP has been falling since June 2 when it was rejected (red icon). The downtrend validated the $9.40 area as resistance.

If the decline continues, the closest support will be found at $7.70, created by the rising support line.

XLM

Since April 4, XLM has been breaking below the descending resistance line. The downtrend led to a drop to a low of $0.10 on May 12.

XLM then bounced back and broke out from the line on May 30.

It is currently trying to break above the $0.155 resistance area. If successful, the next level of resistance will be $0.187.

HNT

HNT has been trading below the descending resistance line since November 7. The downtrend resulted in a May 12 low of $6.24.

The price then bounced back, seemingly forming a double bottom pattern. But it was rejected by the $10 resistance zone (red icon) on May 30 and has been falling ever since. The $10 area also coincides with the aforementioned descending resistance line.

This trend cannot be considered bullish until HNT manages to reclaim them.

in order to become[in]Crypto’s latest Bitcoin (BTC) analysis, click here

Disclaimer

All information contained on our website is published in good faith and for general information purposes only. Any action taken by readers with respect to the information on our site is entirely at their own risk.



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