CandleFocus

These 5 Altcoins Are Up More Than 30% in the Past Week

Author: Content Editor
In the past week, several altcoins have experienced significant price increases, indicating a shift in market sentiment and potential profitable opportunities. The top five altcoins that stood out with at least a 30% price increase are Bittensor (TAO), Immutable (IMX), Sui (SUI), Sei (SEI), and Aptos (APT).

Bittensor's native token, TAO, saw an impressive 95% increase in the past week. This rise is linked to an overall rally in AI-based cryptocurrencies and could be influenced by the Grayscale TAO trust and recent developments in the artificial intelligence sector. TAO has formed an inverse head-and-shoulder pattern and is currently overbought, but the Moving Average Convergence Divergence (MACD) remains positive, suggesting continued bullish momentum.

Immutable (IMX), the first Layer-2 scaling solution on Ethereum, gained 43% in the past week. It faced resistance at $1.80 and retraced to $1.75, but the Bull Bear Power (BBP) indicator indicates potential further upward movement. However, the unlocking of 32.47 million IMX tokens on October 4 could impact its price, causing a potential decline to $1.55.

Sui (SUI) has performed well not only in the past week but also over a 30-day period. It saw a 40% increase in the past week and currently has an overbought Money Flow Index (MFI) reading. If bulls continue to show strength, SUI's price could break above resistance and reach $1.88 and eventually $2.

Sei (SEI), known for its fast Layer-1 blockchain, experienced a 33% increase in price. It formed an ascending triangle pattern and broke above it, indicating increased upward momentum. The Awesome Oscillator (AO) also indicated rising upward momentum for SEI, potentially leading to a short-term price increase to $0.42. However, caution is advised as a price decline to $0.31 is possible.

Aptos (APT) increased by 32% in the past week after a drop of 22%. A golden cross, where the shorter EMA crosses above the longer EMA, was important in the token's recovery. APT is currently retracing but could bounce to $8.83 if the current EMA positions hold. A death cross, where the longer EMA moves above the shorter one, could cause a drop to $6.83.

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