Coinidol.com Weekly Cryptocurrency Market Analysis: Altcoins Stabilise after Individual Recoveries

The best-performing altcoins have recovered above the moving average lines and continue their upward trend.

However, BEAT and AB were unable to maintain momentum above the moving average lines, resulting in depreciation.

pippin

The price of pippin (PIPPIN) is in an uptrend after rebounding above the moving average lines. The cryptocurrency previously rebounded above the $0.026 support to reach a high of $0.493. On December 10, bullish momentum was halted below the $0.40 barrier, which was subsequently broken.

On the upside, the cryptocurrency price is expected to rise further, reaching a high of $0.84. Meanwhile, the upward trend was temporarily halted at the $0.50 high before breaking through. PIPPIN is the highest-performing cryptocurrency. Its features include:

• The current price : $0.5124

• Market capitalization : $513,880,987.81

• Trade volume: $514,190,330.21

• 7-day gain: 32%

Audiera

Audiera (BEAT) prices rose to a high of $3.49 after breaking above the moving average lines. However, buyers were unable to sustain positive momentum above the $3.50 level, resulting in a decline.

Today, BEAT has fallen below the moving average lines and is expected to reach a low of $1.68. Long candlestick wicks at the $3.50 level indicate significant selling pressure at the recent peak. BEAT is the second-best-performing cryptocurrency.

• The current price: $1.90

• Market cap: $276,785,670.08

• Trade volume: $109,358,151.16

• 7-day gain: 18.11 %

MemeCore

MemeCore (M) price rebounded above the $1.20 support level and rallied above the moving average lines. However, bullish momentum was halted by the 50-day SMA, or resistance at $2.00. The cryptocurrency is currently trading between the 21-day SMA support and the 50-day SMA barrier.

Today, the cryptocurrency price is retracing to the 21-day SMA support. If the bears breach the $1.20 support, the altcoin will fall back to its previous low of $1.20. If the 21-day SMA support holds, the crypto asset will be confined to a narrow range. M is the third best-performing coin.

• The current price: $1.64.

• Market capitalization: $2,047,495,622.13

• Trade volume: $15,588,463.29

• 7-day gain: 30.47%

MYX Finance

MYX Finance (MYX) price has risen from the bottom of its chart. The cryptocurrency price has been stabilising above the $1.70 support level before rebounding above the moving average lines.

However, the upward movement has been halted by the $4.00 barrier since December 15. If the current barrier is broken, the altcoin will continue to rise, reaching a high of $6.42.

Meanwhile, the altcoin is trading above the moving average lines but below the resistance level of $4.00. MYX is the fourth most successful altcoin. Here are some of its characteristics.

• The current price: $3.88

• Market cap: $921,725,447.53 

• Trading volume: $42,894,947.88 

• 7-day gain: 19.87%

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is 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.