The crypto market is a fascinating and ever-changing field of investment. Every week, BeInCrypto looks at five altcoins that had the greatest increases in the week prior - from March 31 to April 7 - and highlights their possible future movements.

Altcoins are those cryptocurrencies which are not Bitcoin (BTC), and this week five such tokens caught our eye. Exclusively analyzed and commented upon, these tokens and the effects of their rapid increase in the crypto market are discussed here.

SXP is one such altcoin, and began its rise on March 29 when it advanced beyond the resistance line it had been locked into. After securing a high of $0.94, the price failed to break the $0.93 significant resistance level and subsequently decreased - yet could still find some support at the $0.66 0.382 Fibonacci retracement level if the dip carries on. If a breakout is finally able to occur, the next key resistance level is likely to be found at around $1.40.

INJ was also a part of this market-moving altcoin surge. After bottoming to a March 10 low at $2.45, the price advanced and eventually broke out past a key ascending resistance line. INJ then used this newly-established support as validation before continuing to topple the resistance levels in its path. The price's surge could reach its current top at $6.50, but if the momentum drops, the altcoin could fall back to a $4.40 horizontal support level.

Dogecoin - the popular meme-based crypto token - also experienced a breakout in price this past week, progressing beyond a descending resistance point on April 3. However, as the market runs its course, Dogecoin has since then been rejected by the $0.10 0.382 Fibonacci retracement resistance. Similarly, if the price is able to validate the same descending resistance line as support, its value is likely to push forward and cross the $0.12 resistance that stands at the 0.618 Fibonacci level. Contrarily, if the price resists, it will likely backtrack to a $0.07 low.

FXS has experienced a more volatile price increase, bouncing from a $7.50 bottom point before reaching higher heights. Currently, the price is attempting to break out of a $10 resistance, but should it not meet that goal, a decrease back to the base $7.50 support is likely. However, if the successful breakthrough occurs, then the price could find itself surging toward the $12.70 level.

Last on the list is CSPR, a crypto token that began its price downfall at the start October 2022, since then struggling at a descending resistance line. Most recently, on April 6, a rejection of this same line occurred, but with each rejection the line's resistance is becoming ever weaker. This makes it increasingly likely that a breakout could occur, storming the altcoin's price up testing the $0.50 mark. On the other hand, should a downturn present itself, a drop to the $0.34 support area is probable.

To keep up to date with BeInCrypto's crypto market analysis and the latest news, click here.



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