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Top 5 Strongest Performers of the Week - Electroneum, UniBright, Zilliqa, ReddCoin, and OmiseGo

4y ago
bullish:

33

bearish:

8

So, the Bitcoin Block Halving finally occurred this week and is slowly fading off into the distance behind us. The block halving did not come with any major price increases itself, however, it did manage to increase by around 15% over the few days after the halving that allowed Bitcoin to reach as high as $9,783 again. 

The cryptocurrency has fallen slightly as it trades at $9,462 right now.

Nevertheless, there have been some very strong performers this week in the top 100 ranked coins and we will cover the top 5 of them in this article. 

This week, we will look at the top 5 performing altcoins in which all of them have more than 20% price increases over the past 7 days of trading. The 5 coins we will look at today are ETN (+176%), UBT (+52.88%), ZIL (+52%), RDD (+30%), and OMG (+25%).

Top Perfomers

1. Electroneum

EH Daily Chart

Electroneum went on an epic 177% price surge over the last week of trading as the cryptocurrency manages to reach the $0.0105 level. This price surge also allowed the cryptocurrency to be able to rise above the $100 million market cap value threshold. 

The coin started at a low of around $0.003 toward the start of the week as it was trading at support at the 200-day EMA level. It then started to surge as it managed to climb above $0.005. However, in yesterday’s trading session, ETN exploded as it increased by around 80% to climb from slightly above $0.005 to reach as high as $0.0095. 

Today, ETN continued to climb further higher as it reaches the $0.0109 level before dropping slightly.

Looking ahead, if the buyers continue to push higher above $0.011, resistance is firstly found at $0.01199 (1.272 Fib Extension level). This is then followed with added resistance at $0.0129 (1.414 Fib Extension), $0.014, and $0.0143 (1.618 Fib Extension level).

On the other side, if the sellers step in and push ETN lower, support is firstly located at $0.01. Beneath this, added support lies at $0.0091, $0.0088 (.236 Fib Retracement), $0.0075 (.382 Fib Retracement), and $0.0063 (.5 Fib Retracement).

Buy/Sell Electroneum (ETN)

2. UniBright

UBT Daily Chart

UBT managed to surge by a total of around 52.88% this week as the coin rises to reach the $0.391 level. The cryptocurrency had started the week off by trading at around the $0.24 level as the coin started to rapidly rise. It went on to break above previous resistance at $0.36 (1.272 Fib Extension) and climbed as high as $0.395 today.

Looking ahead, if the buyers continue to push higher, the first level of strong resistance is located at $0.4 (1.414 Fib Extension level). Above this, added resistance is to be found at $0.44, $0.45, $0.46, and $0.0498.

On the other side, if the sellers step in and push UBT lower, the first level of support is located at $0.36. Beneath this, support is found at $0.34, $0.32, and $0.30. Added support is then found at $0.27 (.382 Fib Retracement), and $0.23 (.5 Fib Retracement).

Buy/Sell UniBright (UBT)

3. Zilliqa 

ZIL Daily Chart

ZIL managed to explode this week as it surged by a total of 52% to reach the current $0.0107 level. The cryptocurrency had started the week by trading at the support at around $0.007. It then went on to rise rapidly as it took out resistance at a bearish .236 Fib Retracement at $0.0087.

The coin continued to increase past this resistance and it took out the 2020 high at $0.0099 to climb higher into the resistance at $0.0108 provided by a 1.414 Fibonacci Extension level.

Looking ahead, if the bulls break the $0.0108 resistance, we can expect added resistance at $0.0115 (1.272 Fib Extension - purple), $0.0119, $0.0124 (bearish .382 Fib Retracement), and $0.0134 (1.618 Fib Extension - purple).

On the other hand, if the sellers push lower, the first level of support is located at $0.01. Beneath this, support lies at $0.009, $0.00787, $0.007, and $0.0067.

Buy/Sell Zilliqa (ZIL) on Binance

4. ReddCoin

RDD Daily Chart

RDD surged by a total of around 30% this week as the cryptocurrency manages to rise into the $0.00198 level. It had traveled higher from this but it was turned away by the resistance at a bearish .786 Fib Retracement level at around $0.00212. The coin had started the week by trading at the $0.0014 level. It then went on to surge higher as it rose into the aforementioned resistance at $0.00212 to create a fresh 2020 high.

Looking ahead, the first level of resistance lies at $0.00212. Above this, resistance is to be found at $0.0022, $0.00234 (bearish .886 Fib Retracement), $0.00237, $0.00258, and $0.00272.

On the other side, if the sellers push lower, the first level of support is located at $0.00184 (.236 Fib Retracement), $0.0017, $0.00156 (.382 Fib Retracement), and $0.00134 (.5 Fib Retracement).

Buy ReddCoin (RDD)

5. OmiseGo

OMG Daily Chart

OMG managed to increase by a total of around 25.78% this week as the coin reaches the $0.94 level. OmiseGo started the week off by trading at around the $0.653 level, beneath the 100-day and 200-day EMA levels. It then went on to climb higher during the week to break above both the 100-day and 200-day EMAs and Reach the $1.00 level. 

In yesterday’s trading session, OMG exploded higher to reach the $1.50 level. However, the sellers quickly stepped in to push the coin back beneath $1.00.

Looking ahead, if the buyers push above $1.00 again, the first level of resistance is located at $1.03 (bearish .618 Fib Retracement level). Above this, resistance lies at $1.07 (1.272 Fib Extension), $1.15 (1.414 Fib Extension), and $1.23 (bearish .786 Fib Retracement).

On the other side, if the sellers push lower, the first level of support lies at $0.92 (.5 FIb Retracement). This is followed by support at $0.85 (200-day EMA), $0.775 (.618 Fib Retracement), and $0.70 (100-days EMA).

Buy/Sell OmiseGO (OMG)

Previous Top/Worst Performers of the week analysis

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

4y ago
bullish:

33

bearish:

8

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