Weekly Cryptocurrency Market Analysis: Altcoins Rise Steadily In A Bull Market

The cryptocurrencies described below are in a bull market as their price breaks through the overhead barrier.

Consequently, there is a steady uptrend in the altcoin market.

Ethena

Ethena (ENA) is now on the upswing and is trading in a bull market. The cryptocurrency is in a vertical uptrend and has risen to a high of $1.31 before falling back. The pullback reached the support level of $0.90 before resuming its upward movement. The value of the altcoin currently stands at $1.35. It is predicted that the altcoin will continue to rise. It has the following characteristics and is the coin with the highest performance.

Current price: $1.38

Market capitalization: $1,397,791,652

Trading volume: $1,351,674,542

7–day gain: 99.38%

Nervos Network

Nervos Network (CKB) is in an uptrend and has recovered from a previous downturn. If buyers can break above the overhead barrier at $0.045, the altcoin will be trading in a bull market. The upward movement will encounter initial resistance at $0.035. If the uptrend is rejected at the high of $0.035, the altcoin will return to its previous range of $0.019 to $0.035. The altcoin is now worth $0.031. CKB has the characteristics listed below and is the second best performing altcoin.

The current price: $0.03134

Market capitalization: $20.493.631.195

Trading volume: $316,504,096

7–day gain: 78.11%

Neo

Neo (NEO) is currently on an upswing, recovering from its previous decline. NEO recovered above its low of $7.00 and reached a high of $20.78. The altcoin is pulling back as it encounters initial resistance near the high of $22. The uptrend will resume if the price retraces above the breakout level of $18.17. The third most valuable coin, NEO, has the following characteristics:

Current price: $20.94

Market capitalization: $2,091,094,898

Trading volume: $988,449,989 

7–day gain: 40.91%

Pendle

Pendle (PENDLE) is currently on the upswing and has entered the bull market. The altcoin has resumed a positive trend after breaking through resistance at $0.90. The altcoin is in a gentle uptrend and has risen to $6.66. The uptrend is stuck at the high of $7.00 and it is fluctuating below this level again. PENDLE will rise to a high of $9.30 if the current resistance is overcome. The altcoin is currently valued at $6.60. PENDLE, the fourth best performing cryptocurrency, has the following characteristics:

Current price: $6.61

Market capitalization: $1,708,264,896

Trading volume: $206,422,353

7–day gain: 28.65%

Toncoin

Toncoin (TON) is on an upswing and is trading in a bull market. The altcoin has resumed its uptrend after breaking above the $2.85 overhead barrier. Today, the altcoin reached a high of $6.83 at the time of writing. The price of the cryptocurrency is pausing below the $7.00 resistance level, suggesting that it will continue to rise. If the current barrier is breached, the altcoin will rise to a high of $8.00.TON, the fifth-best cryptocurrency, offers the following advantages:

Current price: $6.81

Market capitalization: $34.775.711.098

Trading volume: $793,029,665

7–day gain: 25.79%

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.