The best-performing altcoins have resumed their bullish ascent, breaking above the moving average lines.
Except for ICP, these cryptocurrencies have the potential to continue their upward trend while above the moving averages.
PippinThe Pippin (PIPPIN) price has been rising since February 10. However, the upward trend has remained below the $0.90 high since 26 February. The cryptocurrency price is currently oscillating above the moving average lines but remains below the $0.90 barrier. The price has held steady above the $0.60 support level.
On the downside, if the bears break below the 21-day SMA support, the altcoin may fall to the 50-day SMA support, or $0.41. The upward trend will resume once the price breaks above the $0.90 resistance level. This crypto is currently the top-performing cryptocurrency.
The current price: $0.6343
Market capitalization: $638,235,928.02
Trade volume: $93,955,674.35
7-day gain: 37.99%
Decred The Decred (DCR) price is rising while remaining in a sideways pattern. The cryptocurrency is retracing after reaching the $36.77 resistance level. It has pulled back and stalled above the $0.30 support. The upward movement will resume if it retraces and stays above the current support or the 21-day SMA barrier.
On the upside, a break above the $36 level could take it to a high of $48. Meanwhile, the altcoin remains range-bound, trading above the moving average lines but below the $36 high. DCR is currently the second most popular altcoin.
The current price: $29.97
Market Capitalization: $518,606,929.84
Trading volume: $519,096,029.43
7-Day gain: 33.39%
Morpho's (MORPHO) price reached a high of $1.96 before declining. The cryptocurrency has been moving sideways, remaining above the $1.00 support but below the moving average lines and the resistance at $2.00.
Today, the price is consolidating after crossing the $2.00 barrier, but it has paused above the $1.70 support. The extended candlestick wicks indicate significant selling pressure at the recent peak. The upward trend will resume once the price breaks above the $2.00 mark.
The current price: $1.76
Market capitalization: $688,436,293.81
Trade volume: $37,414,374.96
7-day gain: 15.31%
Polkadot Polkadot's (DOT) price has risen above the moving average lines but has been stopped by the 50-day SMA barrier. Buyers were unable to sustain bullish momentum above the 50-day SMA or the $1.80 resistance level. The cryptocurrency is retracing and is currently caught between the two moving average lines.
On the downside, if the bears break below the 21-day SMA support, the altcoin will return to its range above the $1.20 level. If the 21-day SMA support holds, the price will continue to move within a range.
The current price: $1.48
Market capitalization: $2,471,714,117.43
Trade volume: $314,150,050.28
7-day gain: 13.35%
The Internet Computer The Internet Computer (ICP) price has recovered and is above the 21-day SMA. However, the bullish momentum was short-lived, as it was halted at the $2.72 high. The price is currently trading above the 21-day SMA support but below the 50-day SMA barrier.
Today, the bears pushed the price above the 21-day SMA support, attempting to drive it towards the bottom of the chart. If the 21-day SMA support is breached, ICP will revert to a price range above $2.00. ICP is the fifth-best-performing cryptocurrency.
The current price: $2.34
Market capitalization: $1,287,488,332.85
Trade volume: $104,474,434.19
7-day gain: 10.38%
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
