This week, investors witnessed the resurgence of Altcoins that were among the biggest winners in the bearish Crypto market. Altcoins are cryptocurrencies other than Bitcoin (BTC), which have caught the attention of investors, this week with their impressive growth, hence, looking at which altcoins performs the best.

KAVA was one of the altcoins leading from the front as its prices increased from a low of $0.66 to a higher point. This growth was critical for two reasons, firstly, it stressed the importance of the $0.76 horizontal area as a strong support area, which it regained earlier, is seen as a boosting sign that usually leads to steep pricings. Secondly, it also managed to break out from a descending resistance line, signifying the completion of its correction.

Bitcoin SV (BSV) also managed to show some bullish behavior as the price broke out of its descending resistance line that was in place since August 2022. At present, the price is en route to validate this line as support, if successful, this increase could lead to the next resistance at $48. If not, it could slip further and plunge to $28.

FLOKI, on the other hand, managed to handle its correction since March carefully as it traded in an ascending parallel channel. This channel usually surrounding corrective structuring, spoiling the chances of a deep breakdown if it step out of the line. If it manages to handle the situation without a drop, it could surge is price to reach the channel resistance or $0.00005. However, if it fails, it could reach a support at $0.00002.

ANT also has managed to stay afloat above the $3 horizontal region and manage to reach a new year high price of $3.97. To take this increase further, it needs to have an increase to its next resistance at $4.20 and protection from its support line at $2.50. It settlement below $3 can spiral in a downfall.

UMA has fallen after a brief period of growth, barely managing to make it above the $2.30 resistance area. At present, it is on course to validate this area as a strong support to ensure it currently trading in a bearish situation, if it doesn't break to the support at $2, it could increase its price to $3.

From this scenic overview of five altcoins, this week has brought some restoration that could indicate a bearish situation in the Crypto market. The ability to break out of the current markets will only be known when the market makes the next move.



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