BeInCrypto analyzes the TOP 7 best altcoins that rose the most in the last seven days, from September 3 to September 10Sponsored
TOP 7 best altcoins are
- Oasis Network (ROSE) : 85.68%
- Phantom (FTM) : 85.29%
- Quant (QNT) : 70.47%
- Algorand (ALGO) : 69,81%
- IOST (IOST) : 58,74%
- Harmony (ONE) : 44,13%
- NEAR Protocol (NEAR) : 42,82%.
The TOP 7 list opens with ROSE
ROSE has been moving upward since July 20. The growth rate accelerated on August 6, and on September 7 the token
reached a new ATH of $0.365. This peak was reached exactly at the 1.61 outer Fib retracement level. Sponsored Sponsored
However, the to
formed a long upper wick and since then ROSE has been falling.
The next resistance area is at $0.58, the outer resistance level of the 2.61 Fib retracement.
FTM has been rising at an accelerated pace since August 27. On September 2, it broke out of the $0.90 resistance area. On September 9, it reached a new ATH of $1.94.
However, it created a long upper wick and has been moving down since then.
The main resistance area is at $2.25, the outer level of the 2.61 Fib retracement, when measuring the previous downward move. The 1.61 level at $1.45 is expected to provide support.
QNT has been rising at an accelerated pace since July 20. The growth rate slowed in late August, but the token resumed its upward movement on September 4. Two days
Later, QNT reached a new ATH of $385. However, it fell on the same day, forming a falling star formation.
The rate of increase has become completely parabolic, as seen by the parabolic rising support line. Moreover, the token reached the outer 4.61 Fib retracement level, which often acts as a peak for upward movement.
ALGO has been rising since breaking out of a descending wedge on August 10. The upward momentum accelerated on September 5, right after a sharp decline that brought the token to a low of $1.01.
So far, ALGO has peaked at $2.49, doing so on September 10. This represented an increase of 143% in just two days. The peak was reached at the 1.61 external Fib elimination resistance level.
Although the token was rejected and created a long upper wick, both MACD and RSI are still rising.
IOST has been moving up since it broke out of a rising parallel channel on August 10 and validated it as support on August 17.
It then broke out of the $0.046 resistance area on September 3. After validating it as support and forming a very long lower wick on September 7, IOST initiated another significant upward move and peaked at $0.086 two days later.
It is currently facing resistance near $0.083. If it moves above it, it will reach a new ATH and start exploring new prices. Both the RSI and MACD continue to rise.
On August 30, ONE broke out of the falling resistance line. On September 7, it came back to confirm this as support, next to the $0.118 horizontal support area. This created a long lower wick. Since then, the token has been moving upwards.
MACD and RSI are rising, supporting the continuation of the upward move.
ONE was rejected by the $0.21 resistance area just before reaching a new ATH.
Our list of the Top 7 best altcoins this week closes with NEAR. Since July 20, NEAR has been rising along a parabolic ascending support line. The growth rate accelerated significantly on September 7, leading to a new all-time high at $11.88 on September 9. The rise was reached right at the outer resistance level of the 1.61 Fib retracement.
However, NEAR dropped sharply after generating bearish divergence in both RSI and MACD.
Despite the decline, the bullish structure remains intact until the parabolic support line breaks. It currently coincides with the horizontal support area of $7.40.
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