Crypto
BlockInsider Top 5 Altcoins Gainers & Losers: HYPE Nears ATH
Two altcoins posted explosive gains while others suffered sharp losses, setting up a volatile week around crucial price levels.
BLOCKINSIDERLoadingTwo altcoins posted explosive gains while others suffered sharp losses, setting up a volatile week around crucial price levels.
Crypto markets delivered another week of sharp contrasts, with some assets approaching major breakout levels while others suffered steep losses.
A handful of tokens posted triple-digit rallies, but weakening momentum left several others struggling to defend critical support. Here are five altcoins to watch as technical levels reveal where the next major moves could emerge.
HYPE is trading at $92.791 after a 19.76% rally over the past week. Price sits above $87.663 support and below the $97.990 all-time high. Both moving averages, at $77.735 and $68.273, trail well below.
HYPE is nearing its all-time high for the second time in three months. Buyers defended the $77.735 moving average in late October, then drove price through $87.663. That level now acts as support beneath the current price. A daily close above $97.990 would open price discovery.
A daily close below $87.663 would invalidate the bullish thesis. That move would erase the breakout. The decline would then target $77.735, the moving average.
WLD can be seen changing hands at $0.406 after a 30.57% weekly decline. Price hit a monthly low of $0.360 before rebounding 6.23% today. The moving averages at $0.448 and $0.446 sit overhead.
WLD ranks among the week's worst performers after rejection near $0.594 on Oct. 21. Sellers then broke $0.513, $0.478 and $0.442 in succession. The decline lost both moving averages, which now act as resistance. A close below $0.389 targets $0.354, the next support.
A daily close above $0.448 would invalidate the bearish thesis. That move would reclaim both moving averages. Buyers would then target $0.478.
BEAM price is currently at $0.00459 after a 50.05% weekly rally. Most of the gain came today, with a 37.63% daily surge. Price sits above the 1.236 level at $0.00431, far above the moving averages at $0.00227 and $0.00223.
No project-specific announcement explains the move. Buyers drove a surge in speculative trading while the broader market slipped. The breakout ended a week of tight consolidation between $0.00329 and $0.00357. A daily close above $0.00477, the 1.618 level, opens room for more upside.
A daily close below $0.00403 would invalidate the bullish thesis. That move would erase most of today's gain. The decline would then target $0.00357, the 0.618 level.
Verified Emeralds (VEREM) is presently making a move around at $36.87 after a 109% rally over the past week. Price sits on the 0.786 level at $36.90 resistance. The Parabolic SAR at $24.60 trails far below price.
VEREM extended its run and emerged as the best RWA token of the week. It also ranks among the best altcoins over the past seven days. Buyers defended the 0.618 level at $32.33 on Oct. 29, keeping the structure intact. A daily close above $36.90 targets $42.71, the 1.0 level.
A daily close below $32.33 would invalidate the bullish thesis. That break would lose the 0.618 support. The decline would then target $29.13, the 0.5 level.
RAIN can be seen trading at $0.00668 after a 22.18% weekly decline. Price sits on the 0.236 level at $0.00666. The token ranks among the weakest top 100 performers this week.
RAIN failed near $0.00839 on Oct. 26 and sold off in a steady run of red candles. Sellers broke the 0.786, 0.618 and 0.5 levels at $0.00761, $0.00732, and $0.00712. Long wicks near $0.00626 show buyers defending the base. A daily close below $0.00626 would open fresh lows.
A daily close above $0.00712 would invalidate the bearish thesis. That move would reclaim the 0.5 level. Buyers would then target $0.00761, the 0.786 level.
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