Weekly Cryptocurrency Analysis: Altcoins Break Recent Highs And Continue Their Bullish Momentum

The cryptocurrencies listed below are in a bull market due to their steady uptrend.

The problem is that the presence of doji candlesticks means that the price movement is slow. Let us take a look at a few of these digital currencies.

Core

Core (CORE) is in a vertical upswing after rallying above the 21-day SMA. The altcoin is currently trading in a bull market after stabilizing above the $0.50 support. On March 23, 2024, the price of the cryptocurrency broke above the moving average lines and reached a high of $3.66. The current rally will continue above $4.00 as there are no conceivable barriers to the upside. It has the following characteristics and is the best performing coin.

Current price: $3.51

Market capitalization: $7,367,610,890

Trading volume: $631,467,611

7–day gain: 178.66%

dogwifhat 

dogwifhat (WIF) continues its uptrend as it pulls back above the 21-day SMA and rallies. The altcoin broke above the $3.55 level and reached a high of $4.85. The bullish momentum could not be sustained above the $5.00 level. WIF is oscillating below its recent high and preparing for further gains. WIF will rally to a high of $6.65 if the current resistance is broken. WIF has the following characteristics and is the second best performing altcoin.

Current price: $4.26

Market capitalization: $4,259,892,945

Trading volume: $823,869,029

7–day gain: 84.54%

Mantle

The price of Mantle (MNT) has continued to rise after breaking above the $1.00 resistance level. The price of the cryptocurrency is making a series of higher highs and higher lows. MNT was trading at $1.49 before heading lower. 

The price of the cryptocurrency has retreated below the high of $1.40 in anticipation of a further rise. The altcoin will continue to rise as it is trading in a bull market and above moving average lines. The third most valuable coin, MNT, has the following characteristics:

Current price: $1.24

Market capitalization: $7,687,981,428

Trading Volume: $206,494,781

7–day Gain: 57.68%

Pendle

Pendle (PENDLE) is on an upswing after breaking above the overhead resistance at $0.97. The altcoin has regained its bullish momentum and is now in a bull market. Previously, the altcoin was in a downturn. The altcoin fell to a low of $0.035 as bulls bought dips. Today, the altcoin is in a bull market and has climbed to a high of $5.39. If the current resistance is broken, the uptrend will continue to $6.50 or higher. 

The fourth best performing cryptocurrency, PENDLE, has the following characteristics:

Current price: $5.34

Market capitalization: $1,380,857,232

Trading volume: $216,807,838

7–day gain: 50.29%

Bitcoin Cash

Bitcoin Cash (BCH) is in an uptrend after breaking above the barrier at $530. The uptrend has continued today, reaching a high of $702. 

The price indication predicts a further upward movement of the cryptocurrency. During the upswing on March 3, a retraced candle tested the 38.2% Fibonacci retracement line. The retracement predicts that BCH will rise to the 2.618 Fibonacci extension or $985.98. In the meantime, BCH is rising despite facing an initial hurdle of $700. 

BCH, the fifth best performing cryptocurrency, has the following advantages:

Current price: $643.92

Market capitalization: $13,522,461,473

Trading volume: $1,481,980,248

7–day gain: 42.12%

Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.