Let’s evaluate the five altcoin projects that gave the most to investors in the week from April 15 to April 22, accompanied by the technical analysis of analyst Valdrin Tahiri. Popularizing the move to earn concept, STEPN (GMT) is at the top this week.
- STEPN (GMT) : 49.35%
- Decred (DCR) : 31.20%
- 0x (ZRX) : 22.80%
- Monero ( XMR) : 20.96%
- Apecoin (APE) : 17.70%
These altcoin projects made investors smile
STEPN (GMT), in the period from April 1-18 Consolidated between 2-2.5 dollars. However, after finally breaking out of a descending resistance line, an upward move started. This increase allowed it to reach the ATH price of $3.85 on April 20. Currently, GMT is trying to confirm the horizontal $3 area as support. If it succeeds in starting another upward move, the next resistance is $4.97.
December to April 13, DCR was trading below a descending resistance line, consolidating near $60. It managed to debut on April 21 and started the current bullish move. If the increase continues, the nearest resistance area is $100. Alan served as support from May to December 2021.
ZRX has been rising at an accelerating rate since exiting an ascending parallel channel on March 26 (green icon below). It bounced back on April 28 to confirm the resistance line of the channel as support before starting another rapid upward move. The second increase was $1.17 on April 21. But ZRX was rejected and has been dropping ever since. The 0.618 Fib retracement support level at $0.73 coincides with the resistance line of the channel. Therefore, it can be followed due to a possible jump.
You can reach the partnership of 0x (ZRX) and Coinbase, which we transferred as Kriptokoin.com.
XMR has been increasing since Feb. 24. It broke out of a descending resistance line on April 10. The price has now reached the $290 resistance area. The region has been acting as resistance since September 2021. If the exit is successful, the next level of resistance is $340.
APE has been trading inside a symmetrical triangle since March 18. It exploded on April 19 and reached $17.52 the next day. However, instead of confirming the $15.20 area as support, APE broke below it and confirmed as resistance. Until this area is recovered, the trend cannot be considered bullish.
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