Weekly Crypto Market Analysis: Altcoins Remain Trapped

The cryptocurrencies listed below are the best performing altcoins.

Having reached the corresponding upper resistance levels, altcoins appear to be forced to trade sideways.

Mog Coin

Mog Coin (MOG) is in an uptrend and is trading in a bull market. The altcoin rose to a high of $0.00001353 and was forced to trade sideways. The cryptocurrency fluctuated between $0.00000040 and $0.00000120. On June 12, the bulls resumed the uptrend, breaking the resistance at $0.000001353. MOG is slightly rising and reaches a peak of $0.000001890. The altcoin is trading slightly due to the presence of doji candles. The candles slow down the price movement.

MOG is the most efficient cryptocurrency with the following characteristics:

Current price: $0.000001845

Market Cap: $776.23M

Trading volume: USD 44.23 million

Percentage increase in 7 days: 113.40%

Ethereum Name Service

Ethereum Name Service (ENS) is currently in an uptrend but is recovering from the previous decline. The uptrend ended after it peaked at $26. The altcoin is currently trading between $13 and $26. Buyers have been holding the price above the overhead resistance today. The rally will continue if buyers maintain their bullish momentum above the $26 support. At the time of writing, ENS is currently trading at $31.91. ENS is the second-best performing cryptocurrency. It has the following characteristics:

Current Price: $31.92

Market Cap: $3,196,696,523

Trading Volume: $331,303,271

Profit percentage for 7 days: 43.30%

dogwifhat

Dogwifhat (WIF) price is trading sideways but is in a bull market. On March 31, WIF rose to a high of $4.85 before being rejected. Moreover, the cryptocurrency is trading in a tight range between $1.60 and $4.50. The altcoin is currently trading lower between the moving average lines after correcting higher after recently falling below the moving average lines. When one of the moving average lines breaks, the altcoin starts to fall. It is currently the third best performing coin.

Current price: $2.28

Market Cap: $2,278,361,803

Trading volume: USD 475,919,429

7-day growth: 42.6%

Caspa

Kaspa (KAS) is currently in a bull market with a horizontal trend. Since February 20, the cryptocurrency has been trading below the upper barrier at $0.189. On June 4, the bulls broke the upper resistance but were stopped. The cryptocurrency fell sharply between the moving average lines. However, the bulls bought the dips and pushed the price above the moving average lines. Today, the altcoin is falling after retesting the upper barrier at $0.189.

Meanwhile, the horizontal trend will continue as the altcoin bounces off the upper resistance level.

KAS, the fourth most effective cryptocurrency, has the following characteristics:

Current price: $0.1789

Market Cap: $5,135,485,398

Trading volume: USD 169,937,076

7-day gain: 25.64%

Aave

After the recent drop, the price of Aave (AAVE) is moving sideways. The altcoin is trading in the price range of $80 to $100. On June 24, the cryptocurrency recovered and broke above the moving average lines. The price of the cryptocurrency is testing the resistance level of $100 again. If the current resistance of $100 is broken, the cryptocurrency will rise to a high of $130. AAVE is the seventh best performing cryptocurrency. It has the following characteristics:

Current price: $99.27

Market Cap: $89,275,844

Trading Volume: $89,275,844

7-day gain: 24.28%

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 considered an endorsement by CoinIdol.com. Readers should do their own research before investing in funds.

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