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The 5 cryptocurrencies that rose the most this week
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The cryptocurrency market is on the rise this week, attracting a significant capital injection. According to CoinGecko, more than US$286 billion has been invested in Bitcoin (BTC) and the main altcoins.
As a result, several assets make large price jumps. Check out the five cryptocurrencies below, among the 100 largest in capitalization, with the best performance in the last seven days.
FARTCOIN has become one of the most prominent memecoins after rising more than 900% in December. After experiencing a strong correction at the beginning of this year, its price rose again after establishing support at US$0.76. Since then, it has appreciated 100%.
The cryptocurrency is less than 5% away from reaching a new all-time high, which could trigger an even more significant bull run than the previous one.
Fartcoin (FARTCOIN)
However, the Relative Strength Index (RSI) signals caution, suggesting that the asset may be close to an overbought zone. The last time the indicator reached such a level, its price fell by more than 50%.
The XDC Network is a hybrid blockchain designed to optimize financial transactions and smart contracts. Its native token rose more than 50% this week. However, a correction began on Friday (17).
It is worth noting that the fall began after the asset formed a shooting star daily candle: a known reversal pattern. In parallel, the RSI exceeded the limit of 70.
If the corrective move continues over the next few days, XDC could find support between the 0.5 and 0.618 Fibonacci retracement levels. In this region, you can also find the 9-day exponential moving average (EMA) (in blue), which often acts as an equilibrium point sought by the price.
Ripple’s native token saw its bullish momentum intensify following rumors that it would be included in Donald Trump’s strategic reserves plan.
As a result, the altcoin is very close to recording a new all-time high in price. Projections point to new price increases, especially if the “Trump Effect” continues to impact the market.
The 5 cryptocurrencies that rose the most this week
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The 5 cryptocurrencies that rose the most this week
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The 5 cryptocurrencies that rose the most this week