- The top gainers of the week include — AMP, QNT, TFUEL, CHZ, and REV.
- While some are still bullish, a few are presently heading in a downward direction
- Traders should always be vigilant and gain credible knowledge before making any decisions.
According to a technical analyst, the top 5 gainers of the week are — AMP, QNT, TFUEL, CHZ, REV. In detail, Amp is up by 50.26%, Quant by 31.97%, Theta Fuel by 17.12%, Chiliz by 6.61%, and Revain by 2.04%.
Between June 7 to June 14, 2021, these 5 altcoins have taken the lead as top gainers for the week. Specifically, AMP has been moving upwards from a low of $0.023 set on May 23. On June 11, the crypto reached a high of $0.079.
Meanwhile, QNT too has been on the rise since May 23. Presently, it seems the crypto is attempting to reach a new all-time high that will exceed $64.33. Moreover, if the crypto does exceed this ATH, then the next resistance will appear at $89.20.
On the other hand, TFUEL broke away from its descending parallel on June 1. Moreover, it even set a new all-time high on June 9 at $0.679. Presently, the analyst believes that TFUEL is showing bullish signs and could even reach up to $1.
So far, the analyst suggests that the top 3 gainers are all currently bullish. However, the fourth in this top 5 altcoin gainers list is yet to reclaim its spot to be seen as bullish. Notably, CHZ has been trading within a descending parallel channel. This has been its position since March 12.
Lastly, REV too is moving in a downward direction. At the moment, it is trading at an all-time low for the crypto at almost $0.01. However, it still made a mark as the fifth altcoin to gain on the charts over this past week. Thus, like any crypto, traders should keep a close watch for possible trading reversals.
Furthermore, most technical analysts are always keeping watch over the crypto industry. Experienced traders know that knowledge is power when it comes to crypto trading. Hence, one must always be vigilant and keep track of credible sources to make informed decisions.
For instance, traders can check out price predictions, read up on market news, and stay on track with market analysis to always stay ahead of the ever-changing trading environment that comes with the crypto industry.