Weekly Analysis Of The Cryptocurrency Market: Five Altcoins That Continue Rally

Cryptocurrency price have maintained their uptrend this week by consistently rising above moving average lines.

The price of certain cryptocurrencies have almost recovered and returned to their previous highs. Stellar, Ethereum Name Service, Arweave, Celestia and Fantom are among the leaders.

Stellar

The price of Stellar (XLM) recovered twice and rose above the moving average lines. The upside momentum broke through resistance at $0.14 and continued to rise to a high of $0.63. The altcoin has recovered from its earlier downturn. XLM is rising towards its recent high of $0.71. If the altcoin continues its uptrend and crosses the $0.63 mark, XLM will reach a high of $0.96. 

In the meantime, XLM is oscillating between $0.35 and the resistance level of $0.55. Should the bears break through the $0.35 support, the upside momentum would be lost. XLM is the best performing cryptocurrency.

The current price: $0.4888

Market Capitalization: $14,698,411,471.65

Trading Volume:  $4,498,112,279.77

7–day Gain: 105.25%

Ethereum Name Service

Ethereum Name Service (ENS) is on the upswing after a period of decline. The altcoin has returned above the moving average lines three times, but buyers have not been able to sustain the positive momentum above the current high. Today, the uptrend reached a high of $37. ENS is likely to reach a high of $84 if the current trend continues.

The upward movement has stalled above the $30 support but below the $37 resistance level. The uptrend will start as soon as the current barrier is broken. ENS is the second highest performing cryptocurrency.

The current price: $35.36

Market capitalization: $1,207,064,554.78

Trading volume:  $2,499,617,287.95

7-day gain: 94.17%

Arweave

The price of Arweave (AR) has rallied above the moving average lines, but the positive momentum has been halted twice by resistance at $24. There are extended candle tails indicating resistance at $24. The wicks show strong selling pressure at the recent high. The altcoin is trading above the moving average lines but below the resistance of $22. 

The selling pressure will increase again if the bears break below the moving average lines. The uptrend will continue if the bulls keep the price above the $22 and $24 resistances. AR is the third best performing cryptocurrency.

The current price: $21.38

Market capitalization: $1,403,524,006.45

Trading volume:  $232,828,513.98

7-day gain: 84.81%

Celestia

The price of Celestia (TIA) has started to recover after four months of sluggish movement. The altcoin has been trading in a price range of $4.00 to $6.50. Since July 5, the price of the altcoin has ranged between $4.00 and $6.50. 

On November 21, the altcoin rallied and broke through the moving average lines and the $6.50 resistance level. TIA rose to a high of $8.93 before falling back. The altcoin is trading below $8.50 in anticipation of a positive trend. 

TIA is the fourth best performing cryptocurrency. It includes the following characteristics: 

The current price: $8.56

Market Capitalization:  $3,698,606,632.32

Trading Volume: $719,464,124.16

7–day Gain: 69.63%

Fantom

The price of Fantom (FTM) is trading at the bottom of the chart but has risen above the moving average lines. The price of the cryptocurrency is forming a series of higher highs and higher lows. The resistance of $1.20 has halted the rally and upward movement twice. The bullish momentum was maintained above the moving average lines but below the $1.10 resistance level. The price fluctuation was caused by the presence of doji candlesticks.

The current price: $1.02

Market Capitalization: $2,860,057,388.42

Trading Volume:  $646,656,382.91

7–day Gain: 65.61%

Disclaimer. This analysis and forecast are the personal opinions of the author. They 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.