Weekly Cryptocurrency Analysis: Altcoins Rise Higher as They Break Current Barrier

The cryptocurrencies listed below are the altcoins that are trading best in the current bull market.

Altcoins are retreating, but their bullish growth has continued. Latest price analysis of Coinidol.com.

FLOKI

FLOKI (FLOKI) price has recovered from the decline and is currently in a bull market. The altcoin is in an uptrend and has crossed the expected price threshold. The altcoin is approaching its high of $0.0003500000.

If the bulls manage to break out of the $0.0003500000 barrier, the altcoin will reach a high of $0.0004500000. Meanwhile, FLOKI is worth $0.0003010764.

The cryptocurrency has the potential for further upside as the price bars remain above the moving average lines. However, the uptrend would be affected if the price fell below the moving average lines. It has the following characteristics and is the best performing coin.

Current price: $0.0003089

Market capitalization: $3 billion

Trading volume: $1.11 billion

7-day gain: 114.61%

THORChain

THORChain (RUNE) is in an uptrend and rose to a high of $11.46. The cryptocurrency is recovering from the previous recession. The altcoin will fully recover if buyers break above the $22 upper resistance. RUNE’s uptrend will continue as long as it trades above the moving averages.

Currently, the altcoin is facing initial resistance at a high of $12. The second highest value coin, RUNE, has the following characteristics:

Current price: $10.57

Market capitalization: $4,434,398,855

Trading volume: $741,139,793

7-day gain: 87.25%

dogwifthat

dogwifhat (WIF) price is in an uptrend and has broken above the $0.40 barrier. Previously, the price of the altcoin ranged between $0.08 and $0.40. The cryptocurrency moved within a range for two months before resuming its uptrend. WIF is in an uptrend and rose to a high of $3.32. The cryptocurrency price bars remain above the moving average lines, indicating continued upward movement.

WIF, the third best performing cryptocurrency, has the following characteristics:

Current price: $3.34

Market capitalization: $3,333,385,666

Trading volume: $917,203,333

7-day gain: 84.21%

Gala

Gala (GALA) price is rising as it returns from its previous decline. The price of the cryptocurrency broke above the moving average lines and rose to a high of $0.087. To fully recover from the slowdown, bulls will need to push the altcoin to a high of $0.90. GALA is trending slightly lower after its recent high. If the coin retraces the moving average lines, it will resume its bullish trend.

If the bulls can break out of the recent high, the market will reach a high of $0.117. GALA has the following characteristics and is the best performing coin.

Current price: $0.06973

Market cap: $2,204,249,639

Trading volume: $313,623,071

7-day gain: 62.99%

Toncoin

Toncoin (TON) price has fully recovered from the decline and is now in a bull market. The price of the cryptocurrency broke through the upper resistance at $2.90 and rose to a high of $4.60. After the recent high, the altcoin returned above the $4.10 support. The cryptocurrency is poised for further upside as it trades in the uptrend zone. Once the current hurdle is overcome, the altcoin will continue to rise.

TON, the fifth best performing cryptocurrency, offers the following benefits:

Current price: $4.31

Market capitalization: $22,008,206,955

Trading volume: $342,697,946

7-day gain: 55.98%

Disclaimer. This analysis and forecast represent the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.

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