In this article we will look at seven coins that showed the most rapid growth in the last seven days (from 12 to 19) February)
February was a successful for most coins. Many altcoins showed confident growth and updated historical maxima.
Here they are:
- PancakeSwap (Cake) - 173%
- Ravencoin (RVN) - 154%
- Golem (GNT) - 144%
- Venus (XVS) - 133%
- BINANCE COIN (BNB) - 112%
- DASH (DASH) - 94%
- Theta Fuel (Tfuel) - 98%
1. PancakeSWAP (Cake)
Cake began to grow quickly on January 11, when the coin fixed the minimum of $ 0.44. Since then, the Cake rate has grown by 4,580% and reached $ 21.45. This happened on February 19th.
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Stochastic formed the Pear Cross, however, RSI and MACD are still deployed up, which involves the continuation of a bull trend. However, RSI on the daily chart is in the overbought zone for 32 days. Thus, current growth is clearly tightened.
Moreover, Cake has just moved above the region of $ 18.75, the potential top of the ascending trend. Despite the fact that Cake can still get to the next target at $ 26.83. The uptrend on the outcome and the coin will soon begin the correction.
Gate.io platform added Cake in the listing of February 18. It is possible that this was the cause of a new growth wave.
2. Ravencoin (RVN)
RVN demonstrates a significant upward trend from January 28. For 18 days, the coin has risen in price by 800%. RVN reached a historic maximum at $ 0.135 February 18.
RVN is growing rapidly after breaking above the previous historical maximum of $ 0.075.
The projection of the correction levels of a relatively recent decline indicates $ 0.14 as a potential vertex.
Technical indicators are still deployed upwards, but the movement is practically pinned-vertical. Considering that RVN reached the field of potential reversal, it can be assumed that the token will be corrected before continuing growth.
3. Golem (GLM)
GLM significantly increased this week, rising from a minimum of $ 0.198 dollars to a maximum of $ 0.63. As a result of the growth of the coin overcame the important resistance of $ 0.33, which restrained the upward dynamics since June 2018.
GLM stopped at 0.618 Fibonacci at $ 0.58 relative to the previous fall. Correction led GLM to current levels in the $ 0.46 region.
Technical indicators are still deployed upwards, which confirms the bullish scenario for the next perspective. GLM is currently moving towards support $ 0.33, where can be resumed.
Meanwhile, the news about the delisting coins with the OMGFIN exchange can be negatively affected by the prospects for tokens.
4. Venus (XVS)
Starting from January 20, the Tocken XVS increased by 2,673%, and entered the TOP-80 on market capitalization. XVS reached a historic maximum at $ 102.94 February 19.
XVS has already reached the potential vertex in the $ 106 area. In addition, RSI is scheduled to be a significant bearish divergence, which indicates a possible turn of the trend.
If XVS continues to grow, the following most likely resistance area will appear at $ 151.
5. BINANCE COIN (BNB)
Over the past four days, BNB has grown by 200%, reaching a record high price of $ 348. Only for February 19, BNB went up by 60%.
Although the technical indicators do not yet provide signs of reversal, RSI is in the overbought zone of 19 days, which is the highest in the entire BNB history.
In addition, BNB seems to be in the fifth and last wave of a bull impulse and has already reached the potential goal of the rising movement.
Of course, it is possible that BNB will continue to grow with space speed, it is more likely that the correction will be preceded by this.
6. DASH (DASH)
Tocken DASH has grown significantly over the past two weeks, breaking through the resistance area of $ 175. The last time he traded at these levels about two years ago.
Meanwhile, technical indicators on weekly schedule are still deployed up and do not give signs of weakening.
If DASH continues to grow, the next nearest resistance area will be at 6 $ 42, which corresponds to the level of fibonacci correction 0.382 fibonacci relative to a decrease from the historical maximum.
7. Theta Fuel (Tfuel)
Tfuel in February grew by almost 300%. The coin has reached a historic maximum in the area of $ 102.94, in one day strengthened by 70%.
Despite the large-scale rally, technical indicators do not file signs of weakness. However, the current growth does not seem sustainable. A high probability of at least short-term correction.
Moreover, TFUEL has already risen above the Fibonacci projection levels of 2.61 and 3.61. The next goal is 4.61 ($ 0.117).
Bitmart's cryptocurrency exchange added Tfuel to Listing February 10, which could have a positive effect on the dynamics of the coin.
Here you can read the BEINCRYPTO Overview of the main outsiders last week.
Here you can read the last technical analysis on Bitcoin (BTC).
The POST Magnificent Seven: Cake, RVN, GNT, XVS, BNB, Dash, Tfuel - Leaders of the last week's growth of Appeared First on Beincrypto.