These 10 Altcoins Topple Even Bigs! – TechnoPixel

The cryp­tocur­ren­cy mar­ket has been on the rise after the CPI data were released. Top alt­coin projects of the week out­per­form major cryp­tocur­ren­cies! Here are those 10 alt­coin projects…

These 10 alt­coins are ahead of the mar­ket leaders!

Con­flux (CFX)

Con­flux is a blockchain project that enables projects to be built eas­i­ly in Asia, with a focus on con­nect­ing decen­tral­ized economies to strength­en the glob­al DeFi ecosys­tem. Its native token, CFX, surged 149 per­cent in sev­en days to a high of $0.400703. The last 24-hour trans­ac­tion vol­ume of the project exceed­ed $ 1.3 bil­lion and attract­ed atten­tion from many investors. Look­ing at the 4‑hour chart, CFX is mov­ing with the bulls as the 50 EMA is above the 200 EMA. More­over, the 200 EMA and the 50 EMA almost inter­cept­ed each oth­er, but CFX sur­vived the death cross as the gap between the indi­ca­tors con­tin­ued to widen. This could indi­cate that CFX’s bull­ish jour­ney will con­tin­ue for a while.

CFX’s move­ments are sim­i­lar to the uptrend it wit­nessed at the end of Feb­ru­ary. Feb­ru­ary price action shows CFX mov­ing close to the death cross before mov­ing high­er. The RSI (Rel­a­tive Strength Index) stands at 60.13, which is con­sid­ered neu­tral ter­ri­to­ry by some investors. How­ev­er, when the RSI points up, there is a chance to move beyond its cur­rent posi­tion. If the RSI con­tin­ues to the upside, it could rise above the SMA, con­firm­ing CFX’s bull run. Ulti­mate­ly, traders should close­ly exam­ine the indi­ca­tors as they can con­firm whether CFX will con­tin­ue its bull run.

Stacks (STX)

As report­ed by Kriptokoin.com, Stacks (STX) is among the best coins of the week. STX has gained 100 per­cent over the week and is cur­rent­ly trad­ing at $1.21. The 4‑hour chart for STX with a mar­ket cap of $1.6 bil­lion shows that the 50 EMA is above the 200 EMA and the bull run has begun. More­over, the price has left the Sup­port 2 zone in the dust and con­tin­ues to widen the gap between the EMA indi­ca­tors. If this gap con­tin­ues to widen, there is a chance for STX to con­tin­ue its upward tra­jec­to­ry with the pos­si­bil­i­ty of mov­ing beyond the Resis­tance 2 level.

After the CPI data, some investors turned to STX. On the oth­er hand, experts rec­om­mend that Traders observe indi­ca­tors like ATR and RSI close­ly to under­stand price action and volatility.

Sin­gu­lar­i­tyNET (AGIX)

Fol­low­ing the GPT‑4 ver­sion released by Ope­nAI this week, Sin­gu­lar­i­ty NET (AGIX) has been on the rise, gain­ing 57 per­cent over the week. Instant­ly, the project is trad­ing at $0.526173. Its mar­ket val­ue is $634 mil­lion. On the oth­er hand, look­ing at the 4‑hour chart, AGIX per­formed remark­ably after mak­ing a come­back from death cross.

The BBP (Bull-Bear­ish bal­ance) indi­ca­tor with a val­ue of 0.03144 also states that AGIX is cur­rent­ly under the pow­er of the bull. Also, BBP is point­ing upwards, which may indi­cate that AGIX may rise soon­er. Although the RSI (Rel­a­tive Strength Index) is at 61.76, it is below the SMA, which is con­sid­ered a sign that the bears may pull the price down. How­ev­er, look­ing at the tra­jec­to­ry of the RSI, it may cross the SMA. This could con­firm that AGIX will go high­er as buy­ers show demand. Investors should study the indi­ca­tors close­ly before buy­ing AGIX as there may be a chance for price rever­sal soon.

Kava (KAVA)

KAVA was among the top per­form­ing coins this week. KAVA gained more than 11 per­cent in the sev­en-day peri­od. Its price is momen­tar­i­ly at the lev­el of $ 1.02. Its mar­ket val­ue is at the lev­el of 455 mil­lion dollars.

Look­ing at the 4‑hour chart, KAVA is climb­ing upwards. How­ev­er, KAVA is cur­rent­ly trad­ing below the 50 EMA which can be con­sid­ered a sign that KAVA will start to retrace from its bull­ish climb. Also, the RSI is cur­rent­ly at 42.09, which is con­sid­ered neu­tral ter­ri­to­ry by many traders. Experts state that there may be a mar­ket cor­rec­tion and that KAVA may rise again.

ImmutableX (IMX)

Immutable X (IMX) gained 77 per­cent in a sev­en-day peri­od. Instant­ly, the project is trad­ing at $1.50 and has a mar­ket cap of $1.3 bil­lion. Experts point out that the demand for the project may decrease in the near future due to the depre­ci­a­tion of the trans­ac­tion volume.

Accord­ing to the chart, IMX is form­ing an ascend­ing wedge pat­tern, which is a sig­nal that IMX may fall. Experts point to close mon­i­tor­ing of price action. The RSI, on the oth­er hand, is cur­rent­ly above the SMA and is point­ing up, indi­cat­ing that the price will con­tin­ue to rise. How­ev­er, the RSI is at 68.55 and it con­tin­ues its jour­ney towards the over­bought ter­ri­to­ry. Once IMX reach­es the over­bought ter­ri­to­ry, traders can expect IMX to face a price correction.

Ren­der Token (RNDR)

RNDR, which is among the top coins of the week, per­formed well through­out the week. The coin is instant­ly trad­ing at $1.52 and has gained 43 per­cent in 7 days. The coin, with a mar­ket val­ue of 548 mil­lion, had a spec­tac­u­lar break­out last Sun­day. Even though the 50 EMA was below the 200EMA, the buy­ers joined the defense of the RNDR by rais­ing their prices. From Sun­day, the gap between the 200EMA and the 50EMA start­ed to nar­row, indi­cat­ing a pos­si­ble gold­en cross soon.

RSI recent­ly crossed the SMA upwards at 61.15. This is a sign that the price may con­tin­ue to rise until it reach­es the over­bought zone. Once the alt­coin reach­es the RNDR over­bought zone, traders will sell the AI ​​coin. How­ev­er, price cor­rec­tion can wait.

GMX (GMX)

GMX gained 28 per­cent in sev­en days. It is cur­rent­ly trad­ing at $81.78. With a mar­ket cap of $698 mil­lion, the coin has proven its worth by sur­viv­ing a major drop.

The coin, which was trad­ed at $ 54 last Sat­ur­day, rose to $ 76 on Thurs­day. Alt­coin GMX’s tra­jec­to­ry is cur­rent­ly aimed upwards as the price ris­es. Also on Tues­day, the 200 EMA and 50 EMA formed the gold­en cross, mark­ing the start of the bull run. Also, the RSI stands at 60.72, which is con­sid­ered neu­tral ter­ri­to­ry by some traders. The RSI momen­tar­i­ly touch­es the vital area SMA as the tra­jec­to­ry for GMX is not clear yet.

Cos­mos (ATOM)

Cos­mos (ATOM) has been one of the coins that has been on the rise dur­ing the week. ATOM is cur­rent­ly trad­ing at $12.61 and has a mar­ket cap of $3.6 bil­lion. The coin gained 13 per­cent over the week.

How­ev­er, the 50EMA is below the 200 EMA, which is con­sid­ered a bear­ish sign. While focus­ing on the price action of alt­coin ATOM, it is cur­rent­ly still going up and the gap between the 50 EMA and 200 EMA con­tin­ues to nar­row, indi­cat­ing that the gold­en cross is immi­nent. The RSI also con­firms that a gold­en cross could form as its tra­jec­to­ry is point­ing upwards. More­over, the RSI has crossed the path of the SMA and con­tin­ues to rise as it approach­es the over­bought zone. Cur­rent­ly, the RSI is at 65.39 and may soon cross the 70 mar­gin. After cross­ing the over­bought zone, the price of ATOM may soon face a correction.

Fetch.ai (FET)

Anoth­er alt­coin that start­ed to rise with the launch of GPT‑4 appeared as FET. The project gained 47 per­cent in val­ue in sev­en days. It is cur­rent­ly priced at $0.44. Its mar­ket val­ue is over $360 million.

The 4‑hour chart reveals that FET price has made a big jump twice, on Sun­day and Tues­day. Dur­ing the week, FET got rid of the bears thanks to the gold­en cross that marked the start of the bull run. The gold­en cross sig­nals that the FET will con­tin­ue to move up for a while. Also, the RSI is at 62.49 and it is approach­ing the over­bought zone as the indi­ca­tor is point­ing up. The RSI also crossed the SMA con­firm­ing that the FET may remain in a bull run for a while. But as soon as it gets to the over­bought region, the FET can go down gradually.

Tezos (XTZ)

Tezos is among the top coins of the week with a sur­pris­ing price action. Like many alt­coins, XTZ saw a huge spike on Tues­day. XTZ has gained 26 per­cent in sev­en days. It is cur­rent­ly trad­ing at $1.23. Its mar­ket val­ue is $1.14 billion.

Look­ing at the 4‑hour charts, XTZ recent­ly formed a gold­en cross as the price con­tin­ues to rise. With the for­ma­tion of the gold­en cross, XTZ will con­tin­ue to lead the bulls and traders can expect prices to increase fur­ther. RSI con­firms this pre­dic­tion as its tra­jec­to­ry is fac­ing upwards. Also, the RSI is above the SMA, indi­cat­ing that it will soon move into the over­bought territory.