5 Altcoins That Outpaced the Crypto Market This Week

BeIn­Cryp­to looks at five alt­coins that increased the most in this week’s cryp­to mar­ket, specif­i­cal­ly from March 10 to 17.

These alt­coins have stolen the cryp­to news and cryp­tocur­ren­cy mar­ket spotlight:

1. Con­flux (CFX) price has increased by 101.36%
2. Stacks (STX) price has increased by 85.04%
3. Sin­gu­lar­i­tyNET (AGIX) price has increased by 55.81%
4. ImmutableX (IMX) price has increased by 54.53%
5. Ren­der Token (RNDR) price has increased by 40.46%

Conflux (CFX) Price Leads Crypto Market Altcoin Gainers

The Con­flux (CFX) price has increased since bounc­ing at the $0.145 hor­i­zon­tal sup­port area on March 11. The price broke out from a descend­ing resis­tance line two days later. 

On March 15, the dig­i­tal asset reached a high of $0.366 but made a long upper wick (red icon). Rel­a­tive to the price on Feb. 20, this cre­at­ed a dou­ble top, which is con­sid­ered a bear­ish pattern. 

If a down­ward move­ment fol­lows, the CFX price could fall back to the $0.145 sup­port area. How­ev­er, if the increase con­tin­ues, the CFX price could increase to $0.511.

Stacks (STX) Creates Double Top Pattern

Like CFX, the STX price has cre­at­ed a dou­ble top pat­tern (red icons). This was char­ac­ter­ized by a very long upper wick on March 15. 

If a down­ward move­ment fol­lows as a result, the cryp­to asset could fall to the 0.618 Fib retrace­ment sup­port lev­el at $0.73. 

How­ev­er, if the pre­vi­ous increase con­tin­ues, the STX price could increase to $1.50.

SingularityNET (AGIX) Price Makes Breakout Attempt

The AGIX price has fall­en under a descend­ing resis­tance line since Feb. 8. The line has caused three rejec­tions so far (red icons). 

The move­ment below the resis­tance line looks like a com­plet­ed A‑B-C cor­rec­tive struc­ture. As a result, a break­out from the line is expect­ed. If that occurs, the util­i­ty token could increase to $0.90. 

How­ev­er, if the line rejects the AGIX price again, a drop to $0.29 could follow.

ImmutableX (IMX) Price Clears Key Resistance

The IMX price has increased rapid­ly since March 11. The price broke out from the $1.25 resis­tance area on March 17 but has yet to reach a close above it. If the increase con­tin­ues, the next resis­tance would be at $1.86. How­ev­er, if the price clos­es below $1.25, a retest of the $0.90 lows could follow.

Render Token (RNDR) Completes Correction

The RNDR price has fall­en since break­out down from a parabo­la on Feb. 8. The decrease led to a low of $0.89 on March 19. 

The price has increased since, poten­tial­ly indi­cat­ing that it com­plet­ed an A‑B-C cor­rec­tive struc­ture. This would be con­firmed with a break­out from the descend­ing resis­tance line and could lead to a high of at least $2. 

How­ev­er, if anoth­er rejec­tion occurs, RNDR could fall to $0.75.

For BeInCrypto’s lat­est cryp­to mar­ket analy­sis, click here.