$10.65
-1.63%
$0.105418
-1.08%
$0.605878
-5.15%

Top 4 Performers of the Day - Theta, ChainLink, Cardano and Celsius Network

LINK
-1.63%
ADA
-1.08%
THETA
-5.15%
25d agocoincodex
bullish:
17
bearish:
1

With Bitcoin bouncing again today, quite a few cryptocurrencies have also rebounded - some with very strong bullish engulfing candles that signal a potential bullish trend for them ahead.

Today, we will look at the top 4 performing altcoins. The four coins we will look at today are Theta (+19.7%), ChainLink (+13.9%), Cardano(+12.5%), and Celsius Network (+9.4%).

1. Theta Token

THETA Daily Chart

THETA surged by a powerful 20% today as the coin reached $0.685. The cryptocurrency had dipped into a .5 Fib Retracement at $0.40 earlier in September. The bulls managed to defend this support as the cryptocurrency rebounded a week later. 

Over the course of the past fortnight, THETA has managed to break above the previous August high at $0.55 and it continued to push further. Last week, it has reached the resistance at the $0.61 level (1.618 Fib Extension) but failed to break above it. It held the support at $0.55 and rebounded from here yesterday to push past the $0.61 resistance and reach the $0.64 level (1.618 Fib Extension).

Today, the coin has continued to surge further higher as it broke above $0.65 and reached as high as $0.685 (1.272 Fib Extension).

Theta is most certainly on a bullish spree right now. The coin would need to break back beneath $0.55 to turn neutral and it would have to fall beneath the $0.4 level before we can consider a bearish market.

If the sellers do push lower, the first level of support lies at the $0.64 level. Beneath this, support lies at $0.61 (.236 Fib Retracement), $0.60, and $0.564 (.382 Fib Retracement). If the sellers continue to drive THETA lower, added support lies at $0.527 (.5 Fib Retracement), $0.5, and $0.489 (.618 Fib Retracement). 

On the other side, if the buyers break the current $0.685 resistance, the first level of resistance lies at $0.71 (1.414 Fib Extension - pink). Above this, resistance lies at $0.737 (1.414 Fib Extension - orange), $0.758 (1.618 Fib Extension - pink), and $0.80.

Above $0.8, added resistance is found at $0.811 (1.618 Fib Extension - orange), $0.85, and $0.881. 

2. ChainLink

LINK Daily Chart

LINK surged by 14% today as it reaches the $9.52 level today. The cryptocurrency is in the same boat as Cardano as it suffered greatly during September. The coin initial found support at the start of September at the $10.50 level. Likewise, this support was broken last week as LINK headed lower to reach the $7.70 a couple of days ago. This support was provided by the .886 Fib Retracement and it allowed the cryptocurrency to rebound. 

On the rebound, it seemed that LINK struggled to break above the bearish .236 Fib Retracement at around $10.50 which pushed the price lower to the $9.52 level.

LINK is also considered as bearish in the short term. The coin would need to break above $10.50 to turn neutral and further above $13.50 to start to turn bullish again in the short term.

If the sellers push the coin lower again, the first level of support lies at $9.00. This is followed by support at $8.16, $8.00 (200-day EMA), and $7.68 (.886 Fib Retracement). Beneath this, added support lies at $7.00, $6.75 (downside 1.618 Fib Extension), and $6.00.

On the other side, the first level of resistance lies at $10.50 (bearish .236 Fib Retracement). Above this, resistance lies at $11, $12, and $12.43 (bearish .382 Fib Retracement). Beyond $13, resistance is found at $14, $15, and $15.60.

3. Cardano

ADA Daily Chart

ADA increased by 12.5% today as it hit the $0.087 level today. Cardano has been suffering quite heavily in September as it dropped from above $0.121 to reach the initial support at the 200-day EMA at around $0.089. This support was further bolstered by a downside 1.272 Fib Extension level. 

Unfortunately, over the course of this week, Cardano went on to break beneath this aforementioned support at the 200-day EMA as it headed lower to reach the $0.076 level. Yesterday, ADA bounced from here to reach the current $0.0877 level.

Despite the rebound, we still have to consider ADA as bearish right now. It would need to break above the $0.1 level to turn neutral and break further above $0.13 to turn bullish again.

If the sellers do push lower, the first level of support lies at $0.082 (downside 1.414 Fib Extension). This is followed by support at $0.0767, $0.0722 (.618 Fib Retracement), and $0.07. Beneath $0.07, support lies at $0.062 (downside 1.272 Fib Extension), $0.06, $0.055 (downside 1.414 Fib Extension), and $0.05 (.786 Fib Retracement).

On the other side, the first level of resistance lies at the 200-days EMA. Above this, resistance is expected at $0.0937 (bearish .236 Fib Retracement), $0.1, and $0.104 (bearish .382 Fib Retracement). Above this, resistance lies at $0.107, $0.112, $0.121, and $0.13.

4. Celsius Network

CEL Daily Chart

CEL increased by 9.4% today as the coin hit $0.84. CEL is in a similar boat to THETA as it has been surging quite aggressively over the past few weeks. The coin recently hit resistance at $0.81 (1.618 Fib Extension) but managed to penetrate above this with today’s 9.5% price increase.

CEL is most certainly bullish right now. The coin would have to drop beneath $0.56 level to turn neutral and further beneath $0.45 to turn bearish.

If the sellers do push lower, the first level of support lies at $0.8. Beneath this, support lies at $0.75, $0.727 (.236 Fib Retracement), $0.7, and $0.64 (.382 Fib Retracement). Added support lies at $0.6, $0.57 (.5 Fib Retracement), and $0.5 (.618 Fib Retracement).

On the other side, resistance is first expected at $0.90 (1.272 Fib Extension). This is followed by resistance at $0.923 (1.414 Fib Extension), $0.953 (1.272 Fib Extension), $1.00, and $1.02. Added resistance lies at $1.10, $1.12, and $1.20.

Previous Top/Worst performers articles

At CoinCodex, we regularly publish price analysis articles focused on the top cryptocurrencies. Here are our most recent articles about the top/worst performers:

25d agocoincodex
bullish:
17
bearish:
1