Weekend Gainers: These 3 Altcoins Outpaced Market

By admin On Сен 25, 2023

Curve DAO Token (CRV), Chainlink (LINK) and Aptos (APT) are last week’s weekend gainers. CRV and Aptos are attempting to clear important horizontal resistance levels, while LINK has already broken out from a descending resistance line.

Even though the cryptocurrency market experienced a decline over the weekend, specific digital currencies witnessed notable rises in their value. As a result, they have gained acknowledgment as the top-performing altcoins during the weekend.

CRV Leads Weekend Gainers

The CRV price has decreased below a descending resistance line since Feb. 21. The line has caused numerous rejections, the most recent on July 14 (red icon). This rejection accelerated the rate of decrease, culminating with a low of $0.38 on Sept. 13.

However, the price bounced afterward and has increased since. Currently, it is in the process of reclaiming the $0.50 horizontal area. If the price gets rejected from the $0.50 area, it could fall by 40% and reach the $0.30 horizontal support area.

CRV/USDT Daily Chart. Source: TradingView

In case the CRV price reclaims the $0.50 area, it will still not confirm the bullish trend reversal. In order to do so, the price has to move above the descending resistance line. If that were the case, it could increase to the next resistance at $0.85. This would be an increase of 60% measuring from the current price.

LINK Price Climbs Higher After Clearing Resistance

The LINK price has increased since its $5.60 low on Aug. 17. After some consolidation, the price created a higher low on Sept. 11 and accelerated its rate of increase afterward.

On Sept. 19, the LINK price broke out from a descending resistance line that had been in place since July 20. This indicates that the previous correction has ended.

LINK/USDT Daily Chart. Source: TradingView

If the increase continues, the next resistance will be at $8.35, an increase of 15% measuring from the current price. On the other hand, if the upward movement loses momentum, LINK can fall by 12% to the descending resistance line, which is currently at $6.40.

Aptos Struggles With Resistance

The Aptos price has increased since Sept. 11. The increase accelerated on Sept. 24. However, despite the upward movement, the price has failed to clear the $5.70 horizontal area. The area had previously acted as support since June 2023 and has now seemingly turned to resistance.

The area also coincides with a descending resistance line in place since the beginning of June. Therefore, the APT price trend cannot be considered bullish until this level is reclaimed.

APT/USDT Daily Chart. Source: TradingView

If so, APT can increase by 40% and reach the $7.85 resistance area. However, if a rejection follows, APT could drop by 30% to $4.

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

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