Top 3 Altcoin Performers Of The Week- DOGE, KLAY, MATIC
October 29 2022 - 1:21AM
NEWSBTC
DOGE’s price shows strength as it bounces from a downtrend range
price rallied to a high of $0.088 with eyes set on $0.1.
MATIC could rally more as the price creates more bullish bias
breaking out of its descending triangle with good volume as the
price could rally to $1. KLAY’s price remains strong on the
daily timeframe above the 50 Exponential Moving Average (EMA) as
the price aims for more rallies. The top 3 altcoin performers for
the week have been MATIC, DOGE, and KLAY, considering how these
altcoins held their key support and showed resilience in the early
part of October with so many possibilities of a downtrend and
losing their support to trend lower. The past few days have seen
the crypto market has looked more decent, with the likes of Bitcoin
(BTC) and Ethereum (ETH) showing some great price movement in
recent times. With the price of DOGE, MATIC, and DOGE showing some
great price actions, let’s look at these top 3 altcoin performers.
(Data from Binance) Related Reading: Why Bitcoin (BTC) Could Not
Surpass Litecoin (LTC) In This Key Area Top 3 Altcoin Performers –
Dogecoin (DOGE) Price Analysis On The Daily Chart DOGE has
struggled to regain its bullish momentum in recent times as the
price has had a more quiet time, ranging in a weekly low of $0.055;
despite the uncertainty that has befallen the crypto space, the
price of DOGE held its ground as price defended its key support
area of $0.055. After trading in a range for weeks as the price
appeared difficult to trade due to little to no volume to push the
price higher as the price stagnated, the price of DOGE finally
showed some movement after its rejuvenated strength as a result of
the current market. Elon Musk Twitter takeover has positively
affected the price of DOGE. The price of DOGE trades at
$0.086, clearing key resistance and holding the price from rallying
higher; we could see the price of DOGE going to a high of $0.1
Daily resistance for the price of DOGE – $0.1. Daily support for
the price of DOGE – $0.068. Price Analysis Of MATIC On The Daily
(1D) Chart The price of MATIC remains bullish, having rallied to a
high of $0.95 after breaking out of its descending triangle with
good volume. However, the price of MATIC faces resistance to the
trend to the $1 region. The Fibonacci retracement (Fib) value of
78.6% indicates that MATIC’s price was rejected as it attempted to
break above this key value. The $0.96 price corresponds to a Fib
value of 78.6%. If MATIC closes above this level, the price could
rally to $1 and possibly $1.2. Daily resistance for the MATIC price
– $1. Daily support for the MATIC price – $0.85. Top 3 Altcoin
Performers- Price Analysis Of KLAY On The Daily (1D) Chart The
price of KLAY remains bullish, having rallied to a high of $0.28
after breaking out of its descending triangle with good volume.
However, the price of KLAY faces resistance to the trend to the
$0.3-$0.4 region. KLAY’s volume suggests if the crypto market
maintains its structure, KLAY could rally to the high of $0.3-$0.4.
Daily resistance for the KLAY price – $0.3-$0.4. Daily support for
the KLAY price – $0.21. Related Reading: Avalanche Price Remains
Positive But Could Experience Bearish Pull At This Level Featured
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