$11.28
8.79%
$0.653277
7.35%
$3.68
3.98%

Top 5 Performers of the Week - Celsius Network, Synthetix, Theta, DigiByte and ChainLink

LINK
8.79%
THETA
7.35%
SNX
3.98%
26d agocoincodex
bullish:
1
bearish:
1

Well, Bitcoin has certainly been on a rollercoaster ride this week as it drops from above $11,000 to reach as low as $10,170. From there, the cryptocurrency has since rebounded higher as it now trades at the $10,725 level.

This rollercoaster of swings has caused some altcoins to breakdown further. On the other hand, there are a handful of cryptocurrencies that have seen positive gains this week.

This week, we will look at the top 5 performing altcoins. The five coins we will look at today are CEL (+25%), SNX (+17%), THETA (+10%), DGB (+3%), and LINK (+3%).

1. Celsius Network

CEL Daily Chart

CEL managed to increase by a total of 25% this week as the coin sets a fresh ATH at the $0.953 level. It reached this level today as it ran into resistance at the 1.272 Fib Extension level. CEL started trading this week at around the $0.7 level as it started to increase. It had found resistance at around $0.8 throughout the week but managed to break this level yesterday as it surged higher into the $0.92 level.

Today, CEL continued higher to reach the aforementioned resistance at $0.953 (1.272 Fib Extension).

CEL is most certainly considered to be bullish right now. The coin would need to drop beneath $0.7 to turn neutral and further beneath $0.5 before being in danger of turning bearish in the short term.

If the sellers do push lower, the first level of support lies at $0.9. Beneath this, support lies at $0.95, $0.80 (.236 Fib Retracement), and $0.75. Additional support is expected at $0.7 (.382 Fib Retracement), $0.65, $0.61 (.5 Fib Retracement), and $0.531 (.618 Fib Retracement).

On the other side, the first level of resistance lies at $0.953 (1.272 Fib Extension) This is followed by resistance at $1.00, $1.02 (1.414 Fib Extension), $1.07, and $1.12.

2. Synthetix

SNX Daily Chart

SNX surged by a total of 17% this week to reach the current $5.00 level. The cryptocurrency started the week by dropping beneath the 100-day EMA and racing as low as $3.43 where it found support at the .618 Fib Retracement level. The bulls rebounded from this support as they started to push higher. 

Yesterday, the buyers managed to penetrate above the $4.90 resistance (bearish .5 Fib Retracement) to reach $5.00.

SNX is still considered to be neutral right now and it would have to break beyond $7.00 before we can consider a bullish market in the short term. It would need to close a daily candle beneath the support at $3.43 (.618 Fib Retracement) to turn bearish.

If the sellers push lower, the first level of support lies at $4.90. Beneath this, support lies at $4.50, $4.28 (.5 Fib Retracement), $4.00, and $3.43 (.618 Fib Retracement). Beneath this, added support lies at $3.20 $3.00, and $2.55.

On the other side, the first level of higher resistance lies at $5.24 (bearish .5 Fib Retracement). This is followed by resistance at $5.50, $5.73 (bearish .786 Fib Retracement), $6.00, and $6.50.

3. Theta Token

THETA Daily Chart

THETA saw a 10% price rise over the course of the past week as the coin managed to reach as high as $0.685 (1.272 Fib Extension) today. The coin started trading this week at around $0.55 as it started to push higher. Initially, it found resistance at $0.64 but the bulls broke this resistance yesterday to reach $0.685 (1.272 Fib Extension) today.

The market is considered to be bullish right now. It would need to drop beneath $0.55 to turn neutral and further beneath $0.4 to turn bearish.

If the sellers push lower, the fist level of support lies at $0.64. Beneath this, support lies at $0.61 (.236 Fib Retracement), $0.564 (.382 Fib Retracement), $0.527 (.5 Fib Retracement), and $0.5 (.618 Fib Retracement).

On the other side, resistance first lies at $0.685 (1.272 Fib Extension). Above this, resistance lies at $0.709, $0.737, $0.758, and $0.8.

4. DigiByte 

 

DGB managed to increase by a small 3% over the past 7-days to reach $0.0252. It has surged higher during the week to reach as high as $0.032 but has since come down from this peak to reach the support at the 100-day EMA.

DGB is also considered to be neutral right now and it would have to break beyond $0.038 to turn bullish. Alternatively, a drop beneath the rising trend line is likely to turn DGB bearish in the short term.

Moving forward, if the buyers break above $0.026, resistance lies at $0.028, $0.03, and $0.032. Above this, added resistance is found at $).034, $0.0353, $0.037, and $0.038.

On the other side, support is first found at $0.024 (100-day EMA). Beneath this, support lies at $0.0228 (.618 Fib Retracement), the rising trend line, and $0.02 (200-day EMA).

5. Chainlink

LINK Daily Chart

LINK increased by 3% this week to reach the current $10.67 level. Chainlink has been suffering quite heavily sin September as it dropped from the $16.50 level to reach as low as $7.70 (.886 Fib Retracement). Initially, the bulls were holding the support above $11, however, the increased selling pressure over the past 2-weeks caused LINK to break beneath this support and head toward $7.70.

It rebounded from $7.70 a few days ago to break back above the 100-day EMA and above the $10.00 level. However, the bulls are currently facing resistance at a falling trend line and must pass this to continue higher.

LINK is considered to be neutral right now but a break beneath $7.70 would turn it bearish. It would need to break beyond $17 to turn bullish again.

If the sellers push lower, support lies at $10.50, $10, $9.71, $9.25, $8.80, and $7.70.

On the other side, resistance lies at $11, $12, $12.43, $13, $14, and $15.

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:

26d agocoincodex
bullish:
1
bearish:
1