Crypto
Top 5 Altcoins To Watch This Week: AVAX Rallies After Big Win
Institutional adoption and major network changes fuel altcoin rallies, but key resistance levels and fresh risks threaten momentum.
BLOCKINSIDERLoadingInstitutional adoption and major network changes fuel altcoin rallies, but key resistance levels and fresh risks threaten momentum.
Crypto markets are showing sharp contrasts, with some altcoins staging strong rebounds while others struggle under mounting selling pressure.
The question now is whether the Nvidia scandal, upcoming CPI report, and other developments sustain the latest rallies, or will key resistance levels trigger another wave of selling.
AVAX price jumped 10.19% today after winning a central role in traditional finance. It was selected as the core clearing and settlement technology for an upcoming NYSE-affiliated tokenized securities platform. The platform will support 24/7 trading and settlement infrastructure. Price trades at $8.689, between the 0.236 level at $8.311 and the moving average at $8.787.
The selection gives AVAX a central role in major traditional-finance market infrastructure. Buyers defended $7.871 after a brief dip on November 8. A close above $9.017 and the $9.045 average target $9.589, the 0.5 level.
A daily close below $8.311 would invalidate the bullish thesis. That move would erase the reclaim. The decline would then retest $7.871.
Enjin's Relaychain activates the Fort Canning upgrade around 16:00 UTC today. The change brings new governance rules and validator accountability. It reshapes how the network is governed and secures ENJ's core blockchain.
Enjin Coin (ENJ) trades at $0.0243 after a 10.16% daily rebound. Price presses the moving average at $0.0247 and resistance at $0.0246. The November 8 low held above $0.0213, keeping the base intact. A daily close above $0.0247 targets $0.0264.
A daily close below $0.0234 would invalidate the bullish thesis. The decline would then target $0.0213.
ARB emerged as the best performer of the past week, up 18.82% in seven days. The altcoin is currently changing hands at $0.184 after a 10.95% daily gain.
ARB rose above the 23.6% Fibonacci level at $0.173, which it lost in late October. Buyers defended the $0.157 moving average on repeated tests in early November. Both averages, at $0.157 and $0.149, now slope upward beneath price. A close above $0.189 targets $0.202, the 0.5 level.
A daily close below $0.173 would invalidate the bullish thesis. That move would lose the breakout. The decline would then target the $0.157 moving average.
VEREM was the worst real-world asset (RWA) performer over the past week, down 22.38%. Today's 17.99% rebound lifted Verified Emeralds to $28.92, just under the 0.5 Fibonacci Retracement level at $29.13.
The golden cross has completed, with the $15.16 average above the $14.66 average. Sellers broke the 0.786 and 0.618 levels at $36.90 and $32.33 during the week. Today's rebound stalled below $29.13, leaving the next move open.
A daily close above $29.13 would target $32.33, the 0.618 level. Rejection there would reopen the decline toward $25.92 and then $21.95.
ZIL price surged 33.96% intraday today before fading to a 6.22% gain at $0.00174. The spike reached $0.00219 but closed far below the $0.00201 resistance.
Upbit will end all ZIL trading support on November 16 at 3 pm KST. Losing one of its main exchange markets could create strong sell pressure as holders exit before the deadline. The moving average at $0.00269 also sits far overhead. A daily close below $0.00164 targets $0.00156, which could lead to fresh lows.
A daily close above $0.00201 would invalidate the bearish thesis. That move would erase the failed spike. Buyers would then target $0.00226.
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