In this article, BeInCrypto will examine the seven cryptocurrencies that have risen the most in the last seven days, specifically from January 7 to 14.
These cryptocurrencies are:
- Oasis Network (ROSE): 35.20%
- Dogecoin (DOGE): 26.90%
- Near Protocol (NEAR): 24.67%
- Secret (SCRT): 18.17%
- Dash (DASH): 16.57%
- FTX Token (FTT): 14.45%
- Harmony (ONE): 10.47%
ROSE has been rising since January 10, when it hit a low of $0.30. Four days later, it hit a new all-time high of $0.538. This represents an increase of 77%.
The token has since declined slightly, potentially returning to validate the $0.455 area as support. If the retest is successful, the next closest resistance levels would be $0.55 and $0.70 respectively. These are the outer Fib retracement resistance levels of 1.61 and 2.61 respectively.
On January 10, DOGE fell to a low of $0.136. This was a very bearish move, as it indicated that the token had fallen below the $0.165 support zone, which had been in place for 257 days.
However, DOGE recovered the zone soon after and has since risen, hitting a high of $0.21 on January 14th.
The closest resistance is at $0.245, created by a descending resistance line. A break above could dramatically accelerate the rate of increase.
NEAR has been rising inside a parallel ascending channel since December 18th. This led to a new all-time high price of $20.4 on January 14. The high was reached very close to the resistance line of the channel.
On top of that, the MACD and RSI have generated considerable bearish divergences, which often precede bearish trend reversals.
Therefore, it is possible for NEAR to decline towards the middle and possibly the support line of the channel.
The SCRT had been declining along a descending resistance line since October 28th. On December 24, it broke out of the line and returned to post it as support (green icon) five days later. It has been on the rise ever since.
Currently, it is trading just at the resistance level at the $0.618 Fib retracement at $8.20. It is also a horizontal resistance zone. A break above could dramatically accelerate the rate of increase.
On December 4, DASH bottomed out at $110 and bounced back, creating a long wick lower. This validated the $115 area as support once again. The zone has been in place since June 2021.
On January 7, the token rebounded once more after reaching this level, creating a higher low (green icon).
The closest resistance level is at $170, created by a descending resistance line.
FTT had been declining along a descending resistance line since hitting an all-time high of $84.7 on September 9. The downward move led to a low of $33.8 on January 8.
The token has since moved higher and has currently reached the descending resistance line again. A break above would confirm that the correction has ended.
In this case, the closest resistance would be at $53.4, created by the 0.382 Fib retracement resistance level.
ONE had been declining along a descending resistance line since October 26, when it hit an all-time high of $0.38.
On January 2, it broke out of this resistance line and came back to validate it as support two days later (green icon).
After initiating another upward move, it broke out of the $0.325 area on January 12.
If a new all-time high is reached, the next resistance zone would be at $0.53, created by the 1.61 Outer Fib Retracement resistance level.
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