This week, cryptocurrencies are rising or moving sideways and upwards after a previous decline.
In light of the recent drop, cryptocurrencies are struggling to rebound.
MANTRA
MANTRA
MANTRA (OM) is on an uptrend, with higher highs and higher lows. OM pulled back after rising to a high of $6.25. The altcoin has returned to the overbought area of the market. The price indicator predicts that OM will rise before reversing at the Fibonacci extension of 1.272 or $5.72. The altcoin has fallen back to $5.96 according to the price activity. On the downside, the altcoin will fall back to $3.58 if the bearish momentum continues. If the price rises above $6.50, the uptrend will resume. The best performing cryptocurrency is OM. It has the following characteristics:
The current price: $5.97
Market capitalization: $5,820,254,477.16
Trading volume: $500,867,342.57
7-day gain: 29.15%
Hyperliquid
Hyperliquid
Hyperliquid (HYPE) is continuing its sideways trend and is currently in an upward correction. The first hurdle at $28 is preventing the price of the cryptocurrency from continuing its uptrend, even though it has broken above the moving average lines. Long candlestick wicks are moving towards the $28 barrier. This indicates strong selling pressure at the recent high. On the positive side, the altcoin will rise to a high of $34 if the bulls break through the $28 barrier. The altcoin is now fluctuating above the moving average lines. The cryptocurrency with the second best performance is HYPE. It has the following characteristics:
The current price: $26.46
Market capitalization: $8,834,436,672.07
Trading volume: $309,714,851.85
7-day gain: 10.51%
Ondo
Ondo
The price of Ondo (ONDO) has risen again after a recent decline. On February 3, the altcoin experienced a sharp drop to $1.00 before rising again. Even though the bullish momentum crossed the moving average lines, it was pushed back. ONDO is on the verge of falling below the moving average lines after a pullback. After the pullback, the decline above $1.20 has come to a halt. ONDO is trading below the moving average lines and above the $1.20 support. The third best performing cryptocurrency is ONDO. It has the following characteristics:
The current price: $1.35
Market capitalization: $4,276,883,847.93
Trading volume: $745,325,478.37
7–day gain: 7.25%
DeXe
DeXe
The price of DeXe (DEXE) is on the rise. The altcoin is experiencing a series of highs and lows. The cryptocurrency pulled back above the 21-day SMA after hitting a higher high of $24. If the 21-day SMA support holds, the uptrend will continue. The price indicator has predicted that the cryptocurrency will continue to rise. The altcoin will rise to the 2.0 Fibonacci extension or $35.65 if it clears the $24 hurdle. In the meantime, the crypto price is bouncing above and below the moving average lines but below the $24 resistance. The fourth best performing cryptocurrency is DeXe. These are some of its characteristics.
The current price: $21.11
Market capitalization: $1,767,893,443.85
Trading volume: $23,765,630.1
7–day gain: 7.42%
Mantle
Mantle
Mantle (MNT) has been in a sideways trend since the uptrend was halted at a high of $1.40 on December 11, 2024. The altcoin has been trading below the $1.40 resistance but above the $1.00 support. As the altcoin fell below the moving average lines and then rose again, the overhead resistance was retested twice. The price of the cryptocurrency is currently stuck between the moving average lines. If the 50-day and 21-day SMA resistance are broken, the cryptocurrency will start to rally. MNT is the fifth best performing cryptocurrency. Here are some of its qualities.
The current price: $1.13
Market capitalization: $3,792,470,884.28
Trading volume: $257,913,606.12
7–day gain: 4.38%
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 viewed as an endorsement by Coin Idol. Readers should do their research before investing in funds.
CoinIdol.com News – Read More