Weekly Analysis of Cryptocurrencies: Alternative Coins See Increases in Value as They Break Through Existing Obstacles

Weekly Analysis of Cryptocurrencies: Alternative Coins See Increases in Value as They Break Through Existing Obstacles

The cryptocurrencies mentioned below are among the alternative coins performing exceptionally well in the current bullish market. Although alternative cryptocurrencies are experiencing a slight retracement, their upward momentum is still intact. 

THORChain

The THORChain (RUNE) cryptocurrency is currently on an upward trend and has reached a high point of $11.46. After a brief period of decline, the value of digital currency has climbed back up.

In the event that buyers are successful in breaking through the barrier at $22, the alternative cryptocurrency will undergo a complete rebound. It is anticipated that the upward trend of RUNE will continue unabated so long as it continues to be higher than the moving averages.

At present, the altcoin is encountering some initial resistance as it reaches a peak of $12. 

FLOKI

The value of FLOKI (FLOKI) is currently experiencing a bullish trend, which indicates that it has recovered from its previous decline. The alternative cryptocurrency is currently experiencing an upward trend, and its price level has surpassed what was anticipated. The alternative cryptocurrency may reach its highest value of $0.0003500000.

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The alternative cryptocurrency has the potential to reach a high of $0.0004500000 if the bulls are successful in breaking through the resistance level at $0.0003500000. The value of FLOKI is currently $0.0003010764.


Top 5 Cryptocurrencies Today:

Name Price24H (%)
Bitcoin (BTC)
$29,078.00
-3.19%
Ethereum (ETH)
$1,948.11
-4.71%
Tether (USDT)
$1.00
-0.03%
BNB (BNB)
$295.60
-1.51%
Cardano (ADA)
$0.51
-10.30%

>> Invest In Cryptocurrencies Now!

The cryptocurrency’s price bars continue to remain above the moving average lines, which indicates that further gains are possible. The upward trajectory could be disrupted if the price falls below the moving average lines. This coin possesses a variety of distinguishing characteristics, all of which contribute to its outstanding performance.

Gala

As Gala (GALA) bounces back from its previous decline, its value is increasing. This is a positive development. The price of the cryptocurrency reached a high of $.087, propelling it to a point where it surpassed the moving average lines.

The bulls must work toward increasing the value of the alternative cryptocurrency to $0.90 in order for it to make a full recovery. Following the recent peak that it reached, GALA is currently experiencing a slight decline. If the coin is able to recover and move back above the moving average lines, it will continue to move in an upward direction.

In the event that the bulls are successful in surpassing the most recent peak, the market possesses the potential to rise to a level of $0.117. Due to the fact that it possesses a variety of distinguishing characteristics, GALA is the cryptocurrency that has the best performance.

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Toncoin

Toncoin (TON) has completely recovered from its decline and is currently experiencing a bullish market. This is a positive development for the cryptocurrency. It was at a price of $2.90 that the value of the digital currency broke through the barrier, and it eventually reached a high of $4.60.

Having recently reached its highest point, the alternative cryptocurrency has once again surpassed the $4.10 support level. Given that it is currently trading within the optimistic trend zone, the cryptocurrency is poised to experience further gains. Following the successful completion of the current obstacle, the alternative cryptocurrency is now in a position to experience additional expansion.

dogwifhat

At the present moment, the value of dogwifhat (WIF) is increasing and has surpassed the threshold of $0.40. Historically, the value of the alternative cryptocurrency ranged anywhere from $0.08 to $0.40.

The value of the digital currency remained stable within a particular range for two months before continuing on its upward trajectory. The value of WIF has reached a high point of $3.32 and is currently undergoing an upward trend.

The price bars of the cryptocurrency continue to be located above the moving average lines, which indicates that the upward momentum is likely to continue for the foreseeable future.


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