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Top 3 Performing Coins of the Week - Kyber Network, Algorand, and ABBC Price Analysis

4y ago
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The cryptocurrency market has dropped by a total of $26 billion over the past week, however, there were still some cryptocurrencies that have moved by a pretty decent amount. 

The best performing coins over the past week were Kyber Network (+27%), Algorand (+16%), and ABBC (+14%) out of the top 100 ranked projects. These projects were the strong outliers as the rest of the positive growth coins were limited to small gains of around 4%.

Let us take a look at these top 3 coins and see where they may head toward.


Kyber Network price: $0.56
Key KNC resistance levels: $0.60, $0.63, $0.65
Key KNC support levels: $0.55, $0.50, $0.466

*Price at the time of writing

Kyber Network Price Analysis

KNC Daily Chart

What has been going on?

Taking a look at the daily chart above, we can see KNC started the year at a price of around $0.20. It started to climb higher during January as it reached a high of $0.3. However, it was during February when the cryptocurrency really started to take off. 

We can see that the cryptocurrency started to climb further higher as it broke above $0.30 and continued to travel much higher. We can see that it reached as high as $0.631 which is resistance provided by a 1.414 Fibonacci Extension level. The cryptocurrency has since fallen slightly from here and is trading at $0.59, provided by a 1.272 Fibonacci Extension level.

Buy/Sell Kyber Network (KNC)

KNC/USD price short term prediction: Bullish

Kyber is most certainly strongly bullish at this moment in time. It would need to drop beneath $0.40 before being in danger of turning neutral and would need to fall further beneath $0.30 before the possibility of turning bearish.

If the sellers do step in and push lower, the first level of support lies at $0.55. Beneath this, support lies at $0.50, $0.456 (.382 Fibonacci Retracement), and $0.40 (.5 Fibonacci Retracement level).

If the selling continues further beneath $0.40 additional support lies at $0.35 (.618 Fib Retracement) and $0.30.

Where Is The Resistance Toward The Upside?

On the other hand, if the buyers start to push higher above $0.59, the first level of resistance lies at $0.60, provided by a long term bearish .5 Fibonacci Retracement level. This is closely followed by resistance at $0.63 (1.414 Fib Extension) and $0.65. 

Beyond this, resistance is to be expected at $0.65, $0.687 (1.618 Fibonacci Extension level), $0.70, and $0.728 (bearish .618 Fib Retracement).

What Are The Technical Indicators Showing?

The technical indicators are within the strong favor of the bulls at this moment in time. The RSI is well above the 50 level to show strong bullish momentum. Additionally, the Stochastic RSI recently produced a bullish crossover signal to push KNC even further higher.


Algorand price: $0.428
Key ALGO resistance levels: $0.448, $0.471, $0.498
Key ALGO support levels: $0.377, $0.345, $0.312

Algorand Coin Price Analysis

ALGO Daily Chart

What has been going on?

Algorand is the second strongest performing cryptocurrency this week. We can see that it started at a price of around $0.20 and pretty much traded sideways during January. The cryptocurrency started to rise during February as it managed to reach the resistance at the 200-day EMA. 

Algorand only recently broke above the 200-day EMA in the most recent trading session. We can see that it rand into resistance at $0.448, provided by a bearish .382 Fibonacci Retracement level. It has since dropped but is finding support at the short term .236 Fibonacci Retracement level priced at $0.418.

Buy/Sell Algorand (ALGO)

Algorand short term prediction: Bullish

Algorand is most certainly considered to be within a bullish trend, especially after breaking the 200-days EMA. It would need to drop beneath $0.31 before the bull run can be considered invalidated. It would need to drop further beneath $0.25 before turning bearish. 

If the sellers do push beneath $0.40 (200-day EMA), the first level of additional support lies at $0.377 (.382 Fib Retracement). This is then followed with support at $0.345 (.5 Fib Retracement), $0.312 (.618 Fib Retracement), and $0.30.

Where Is The Resistance Toward The Upside?

On the other hand, if the bulls push higher the first level of resistance lies at $0.448 (bearish .382 Fib Retracement). This is followed by resistance at $0.471 (1.272 Fib Extension), $0.498 (1.414 Fib Extension), and $0.53 (bearish .5 Fib Retracement).

If the buyers continue to drive higher, resistance is located at $0.6, $0.62, $0.65, and $0.70.

What Are The Technical Indicators Showing?

The RSI has recently rebounded at the 50 level to indicate the bulls remain in control over the market momentum.


ABBC Coin price: $0.117
Key ABBC resistance levels: $0.1422, $0.15, $0.156
Key ABBC support levels: $0.114, $0.108, $0.1

ABBC Coin Price Analysis

ABBC Daily Chart

What has been going on?

Taking a look at the daily chart above, we can see that ABBC did not start the year off on a strong footing. It opened at around $0.15 but went on to drop to a fresh low of $0.091 during February. It only recently bounced higher which allowed the coin to make this list.

It climbed as high as $0.14 but met resistance at the 200-days EMA. It has since dropped to $0.117.

ABBC Price short term prediction: Neutral

 ABBC remains neutral despite the recent price increase. It would need to climb beyond $0.16 before turning bullish and would need to drop beneath $0.09 to resume the bearish trend.

If the sellers do push lower, the first level of support lies at $0.114 (.5 FIb Retracement), $0.108 (.618 Fib Retracement), and $0.1 (.786 Fib Retracement). 

Where Is The Resistance Toward The Upside?

On the other side, if the bulls climb higher, the fist resistance lies at $0.1422 (bearish .236 Fib Retracement). This is followed with resistance at $0.15 (1.272 Fib Extension), $0.156 (1.414 Fib Extension), $0.165 (1.618 Fib Extension), and $0.173 (bearish .382 Fib Retracement).

Above this, resistance lies at $0.18, $0.198 (bearish .5 Fib Retracement), $0.2, $0.224 (bearish .618 Fib Retracement)

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