The five best performing cryptocurrencies based on the week's price increase are Pepe, Mina, Injectables, Conflux, FLOKI. Cryptocurrency analysis by Coinidol.com.
This week crypto assets resumed their upward trend. Altcoins are trading within a positive trend zone, while cryptocurrencies continue to break new barriers.
Pepe
Pepe (PEPE) price has recovered from its previous trend after breaking above the moving average lines. The price of the cryptocurrency surpassed the moving average lines. It shows a pattern of higher highs and higher lows. PEPE rose to a high of $0.000003557 before falling again.
According to the price indication, PEPE will rise but will be rejected in the overbought region of the market. That is, the PEPE can rise but then reverse to the level of 1.272 Fibonacci extension or $0.000001556. Meanwhile, the altcoin is trading below $0.0000013557. It is the currency with the best performance and has the following characteristics:
Actual Price: $0.000001145
Market capitalization: $481.65 million
Trading volume: $125.18
7 day profit: 64.18%
mine
Mina (MINA) is on the rise. MINA price made a significant move to a high of $0.97. But the vertical trend fell sharply and ended below the $0.75 resistance level. Although the rise has ended, the altcoin is steadily declining.
On the downside, the uptrend will resume if it breaks above the $0.50 level again. If the bears break below the $0.50 support, the downtrend will resume. The market may fall back to $0.38.
At the time of writing, the altcoin was trading at $0.60. It is the second most profitable cryptocurrency after PEPE. MINA is characterized by the following characteristics:
Actual Price: $0.6064
Market capitalization: $660,411,084
Trading volume: $59,111,614
7 day profit: 53.25%
Injectables
The price of injectables (INJ) moved sideways earlier. The $10 resistance has hampered the uptrend since April 17. On October 23, the altcoin recovered by breaking the prevailing resistance of $10. At the time of writing, INJ is trading at $13.52.
The bounce ended in the last 48 hours as the altcoin fluctuated below the $14 resistance level. Meanwhile, INJ has entered the overbought zone of the market. It seems unlikely that the altcoin will continue to rise. Below are the advantages of INJ, the third best performing cryptocurrency:
Actual Price: $13.54
Market capitalization: $1,353,959,925
Trading volume: $75,589,429
7 day profit: 51.22%
Conflux
Conflux (CFX) was previously in a downtrend. But now the cryptocurrency is correcting higher after breaking above the moving average lines. CFX price rose to a high of $0.166 before falling back below the resistance at $0.16.
Since October 24, the altcoin is trading below the resistance level in anticipation of a bullish surge. However, if CFX falls and finds support above the breakout level of $0.14, the market will continue to rise. If it loses the $0.14 support, the altcoin will once again come under selling pressure. The fourth most valuable cryptocurrency is CFX. Features include:
Actual Price: $0.155
Market capitalization: $818,077,820
Trading volume: $68,092,166
7 day profit: 44.91%
FLOKI
FLOKI (FLOKI) is in an uptrend after breaking above the 21-day SMA support. The altcoin price is rising in a series of higher highs and higher lows. The altcoin rose to the $0.0000400000 resistance zone before pulling back. At the time of writing, it is trading at $0.0000362308.
If the resistance at the recent high is broken, the altcoin will resume its rise. According to the price indicator, FLOKI will rise but retrace at the 1.272 Fibonacci extension or the $0.0000493173 level. Meanwhile, FLOKI is trading below the resistance zone and preparing to rise. FLOKI, the coin with the fifth highest value, has the following characteristics:
Actual Price: $0.00003631
Market capitalization: $360,910,453
Trading volume: $113,151,987
7 day profit: 48.91%
Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrencies and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.
