Connect with us

Top 5 Performers of the Week – XRP, Bitcoin SV, Elrond Network, Zcash and Bitcoin Cash

News

Top 5 Performers of the Week – XRP, Bitcoin SV, Elrond Network, Zcash and Bitcoin Cash


Bitcoin saw a very strong 21.2% price explosion this week which allowed it to storm higher and reach as high as $11,600 today. This push higher has also allowed a bunch of other altcoins to move higher also.

This week, we will look at the top 5 performing altcoins. The 5 coins we will look at today are ERD (+31%), XRP (+30%), BSC (+30%), BCH (+29%), and ZEC (+27%).

1. Elrond Network

ERD daily Chart

ERD surged by a strong 30.56% this week as the coin reached the $0.022 level. ERD had started the week by trading just above the $0.018 level. It went on to push higher from here as it surged upward to spike as high as $0.033 during the week.

Unfortunately, ERD was unable to overcome resistance at $0.028 which is provided by a 1.618 Fibonacci Extension level. ERD rolled over from here and headed lower over the past few days until support was found today at $0.021 – provided by a.5 Fib Retracement level.

Looking ahead, if the bulls can rebound from the support at $0.21, the first level of higher resistance lies at $0.0231. Above this, resistance is located at $0.0245 (1.414 Fib Extension), $0.026, and $0.028 (1.618 Fib Extension). 

Following this, added resistance is found at $0.3, $0.32, $0.344 (1.272 Fib Extension), $0.036, and $0.038.

On the other side, the first level of support lies at $0.021 (.5 Fib Retracement). Beneath this, support is found at $0.02, $0.0189 (.618 Fib Retracement), $0.018, and $0.016.

2. XRP

XRP Daily Chart

XRP saw a 30% price hike over this past week as the coin managed to reach as high as $0.268 today. The cryptocurrency had started the week off by trading at the $0.21 level From there, it pushed higher as it broke above resistance at $0.225 (bearish .5 Fib Retracement) and $0.254 (bearish. 618 Fib Retracement).

XRP continued higher today as it reached the $0.0268 level.

Looking ahead, if the buyers continue to push higher, the first level of resistance is expected at $0.277 (1.618 Fib Extension). This is immediately followed by resistance at $0.28, $0.284 (1.414 FIb Extension), $0.29, and $0.296 (bearish .786 Fib Retracement). 

If the bulls continue to drive XRP above $0.3, resistance lies at $0.301, $0.305, and $0.31.

On the other side, the first level of support is located at $0.254. This is followed by support at $0.25 (.236 Fib Retracement), $0.24, $0.234 (.382 Fib Retracement), and $0.222 (.5 Fib Retracement).

3. Bitcoin SV

BSV Daily Chart

BSV increased by a total of 30% over the past week which allowed the coin to reach the current $236 level. Since April 2020, BSV has struggled to overcome the resistance at $230. It headed lower over the past few months until support was found at $150 in June.

From there, BSV rebounded as it pushed above the resistance at $230 today to reach $236.

Looking ahead, if the bulls push higher, the first level of resistance is located at $240 (bearish .5 Fib Retracement). This is followed by resistance at $250, $260, $271 (bearish.618 Fib Retracement), $280, and $293 (1.414 Fib Extension).

If the buyers can continue to push higher above $300, resistance lies at $317 (bearish .786 Fib Retracement), $330, and $344 (beraish .886 Fib Retracement).

On the other side, support is found at $230, $220, $207, and $200.

4. Bitcoin Cash

BCH Daily Chart

BCH managed to rise by a total of 28% this week as the moved higher to reach the $307 level. Like BSV, BCH has struggled to break resistance at $277 since April 2020 which is provided by a bearish .382 Fib Retracement. This resistance was broken this week as BSV pushed higher above $277 and $300 to reach the current $307 level.

The bulls ran into resistance today at $309 which has caused the bull run to stall slightly.

Looking ahead, if the buyers managed to push BSV above the resistance at $309, higher resistance is expected at $318 (bearish .5 Fib Retracement level). Above this, resistance lies at $340 (1.272 Fib Extension), $354 (1.414 Fib Extension), and $360 (bearish .618 Fib Retracement level).

On the other side, the first level of strong support lies at $300. Beneath this, support is expected at $288, $277, $260, and $250.

5. Zcash

ZEC Daily Chart

ZEC increased by a total of 27% this week as the coin managed to surge higher into the $80 level. This price increase has now allowed ZEC to create a fresh 2020 high pierce above the previous $76 level. 

ZEC had started the week off by trading at the $64 level. From there, it pushed higher as it broke above the previous 2020 high at 76 to reach the resistance at $80.66 which is provided by a 1.618 Fibonacci Extension level. 

Moving forward, if the buyers push higher the first level of resistance is located at $83.73 which is provided by a bearish .618 Fib Retracement. Above this, resistance is then expected at $88, $90.94 (1.272 Fib Extension), $95.50 (1.414 Fib Extension), and $100.

On the other side, if the sellers push lower, the first level of support lies at $76. This is followed by support at $72, $68, and $67 (.236 Fib Retracement).

Previous Top/Worst performers articles

At CoinCodex, we regularly publish price analysis articles focused on the top cryptocurrencies. Here are our most recent articles about the top/worst performers:



From Yaz Sheikh: Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in News

Top Crypto in Real Time

Trending

Clothing and Derivatives

To Top