These 5 Altcoins Showed Positive Performance Last Week

BeInCrypto looks at the five cryptos that gained the most from the overall market this week, notably February 3 – 10.

These popular altcoins have stolen the crypto news and cryptocurrency market spotlight:

  1. SingularityNet (AGIX) increased in price by 133.01%
  2. Graph (GRT) increased in price by 64.81%
  3. Rocket Pool (RPL) price increased by 23.23%
  4. Lido DAO (LDO) increased in price by 21.85%
  5. Frax share (FXS) price increased by 18.45%

SingularityNet Crypto Market Leads Altcoin Gainers

AGIX price was the biggest gainer in the crypto space last week. It has increased significantly since the beginning of the year. It reached a new all-time high of $0.671 on 8 February. However, it formed a bearish candlestick on the same day and has been declining since then. AGIX declined to the 0.5 Fibonacci retracement support level at $0.354 the next day.

Therefore, the price may trade between the 0.5 Fibonacci level and the all-time high. On the other hand, if there is a break below $0.354, the digital asset could decline further to $0.279.

SingularityNet (AGIX) Crypto Market Gainers
AGIX/BUSD Daily Chart. Source: TradingView

Graph fell 33% in two days

GRT price declined since reaching a high of $0.232 on 7 February. It formed two consecutive bearish candles, leading to a low of $0.140 on 9 February. Later the price bounced back and is now trading 33% below February’s level. , 7 high.

If the rise continues, the $0.187 area could provide resistance. On the other hand, the nearest support area will be at $0.135. The area previously acted as a resistance and is now expected to provide support.

Graph (GRT) Price Breakout
GRT/USDT Daily Chart. Source: TradingView

rocket pool broke through parallel channel

RPL price broke out of an ascending parallel channel on 8 February. While it reached a high of $56.600 the next day, it formed a long upper wick and started to decline. The rejection validated the 1.61 outer Fib level as resistance.

Therefore, the most likely future price forecast is a decline towards the confluence of the support levels at $40. A horizontal support area and the support line of the channel form the support

On the other hand, a close above the 1.61 Fibonacci level could spark an upward move towards the 2.61 extension at $65.670.

Rocket Pool (RPL) Price Movement
RPL/USDT six hour chart. Source: TradingView

Lido The DAO Shows Weakness

The price of LDOs has risen sharply since the beginning of the year. However, since January 8, it has formed three long upper bars, which is considered a sign of weakness. They were also paired with a bearish divergence in the RSI.

If the divergence catalyzes a downside move, the digital currency could decline further towards $1.750. However, if the upward momentum continues, the LDO price could break above $3 and move to a new all-time high.

Lido DAO (LDO) Altcoin Crypto Market Movement
LDO/USDT Daily Chart. Source: TradingView

Frax Share Eliminates Altcoin Gainers

FXS price has risen at an accelerated rate since breaking above the $7.500 resistance area on January 15. This increase led to a high of $14.259 on 9 February.

However, the price formed a long upper wick and bearish divergence in the RSI (green line). Therefore, there could be a downside move towards $7.500.

On the other hand, if the upside momentum continues, the nearest resistance is located at $17.500.

Frax Share (FXS) Altcoin Breakout
FXS/USDT Daily Chart. Source: TradingView

For the latest crypto market analysis from BeInCrypto, click here.


BeInCrypto endeavors to provide accurate and up-to-date information, but shall not be responsible for any missing facts or incorrect information. You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so do your research and make your own financial decisions.

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