BeInCrypto editors have compiled a top list of altcoins, which showed the maximum gain in the week to October 4.
The list of these altcoins includes:
- Axie Infinity (AXS): 131,61%
- OMG Network (OMG): 88,08%
- Qtum (QTUM): 39,79%
- ICON (ICX): 36,43%
- Tezos (XTZ): 35,86%
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The AXS rate has been growing since September 23, when the price made a bullish breakdown of the downward resistance line. This breakout came with the support of the RSI and MACD indicators, both of which are rising.
On October 4, AXS renewed its all-time high at $ 153.79. The nearest resistance is at $ 169. Here the Fibo level 2.61 of the external correction of the last decline passes.
The OMG token has been growing along the line of upward support since July 20. During the period from September 6 to September 20, he unsuccessfully tried to break above the 0.618 Fib level of the correction at $ 10.60.
The market succeeded in this only on October 2. After a successful bullish breakout, the price reached its all-time high at $ 17.98 the very next day.
This breakout also happened with the support of the rising RSI and MACD indicators.
The nearest resistance is located in the area of $ 23 (Fib level 1.61 of the external correction).
The QTUM rate made a bullish breakout of the falling wedge on September 30 and has been growing since then. As a result of this growth, the market reached a high of $ 14.68 on October 3. This maximum was formed directly in the area of the Fibo 0.618 retracement level.
Having reached this area, QTUM immediately bounced off it and dropped slightly. The MACD and RSI indicators are also going down, supporting this drawdown.
However, this bullish wedge breakout appears to be impulsive. Accordingly, QTUM may resume its growth after the completion of the short-term decline.
On September 15, the ICX cryptocurrency rate peaked at $ 2.22. However, soon the price bounced off the resistance area of $ 2.15 and declined.
On October 3, the ICX moved its high by $ 2.36, but then dipped again below the $ 2.15 area. As a result, a double top formed on the chart, combined with bearish divergence signals on the RSI and MACD.
Until the ICX recovers above the $ 2.15 area, the trend cannot be considered bullish.
The price of the XTZ coin has been growing along the upward support line since July 17. On September 14, the price tried to renew its historical maximum, but it managed to do so only on October 3. As a result, the maximum was moved to $ 9.17.
This bullish breakout is supported by the rising MACD and RSI indicators. The next nearest resistance is at $ 12.22 (Fib level 1.61 external correction).
Read the previous forecast for bitcoin can be here.
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