TWT, GMX, TON, CHZ, LDO Lead Crypto Market Recovery

BeInCrypto Take a look at five projects that beat the crypto market last week, specifically, from November 11 to November 18

These digital assets have grabbed crypto news and crypto market headlines:

TWT Price Leads the Crypto Market Rally

Trust Wallet Token price has broken below the August 2021 descending resistance line. After five failed attempts (red icon), the TWT finally broke through and validated the line as support on November 9 (green icon).

Afterwards, TWT started a huge pump and reached a new all-time high price of $2.73 on 14 November. However, it failed to sustain an upward momentum and formed a long upper wick. TWT struggled to close above the 1.61 external Fibonacci retracement level at $2.41 (white).

If there is downside movement, $1.87 and $1.52 will be strong supports.

GMX Price Searches For Support After Breakdown

GMX price has been in an uptrend since 9th November. The upward movement reached a high of $48 on 13 November. However, TWT was rejected by the $45 resistance area and failed to break above it. Shortly after, it broke an ascending support line and validated it as resistance (red symbol).

If the downside momentum continues, a key support area lies at $34 to $36.67, formed by the 0.5-0.618 Fibonacci retracement support level.

GMX should reclaim the $45 area to accelerate the trend.

ton price jumped and broke

TON has been rising since forming a very long lower wick on Nov 10 (green icon). On November 10, it bounced off the $1.43 horizontal support area and formed a bullish engulfing candlestick the next day.

TON price broke above a descending resistance line on 16 November. However, it turned lower in the last 24 hours, potentially validating the resistance line as support.

If the upward movement continues, the nearest resistance area will be at $1.92.

Conversely, a drop below the descending resistance line would invalidate this bullish hypothesis.

CHZ Price Continues Upward Movement

CHZ price completed a five-wave upward movement between June 15 and September 24. Laterally, it appears to have completed an irregular, flat conformational structure (red).

The last low of the correction was paired with a bullish divergence on the daily RSI (green line), supporting a continuation of the uptrend.

If the calculations are correct, CHZ price will reach the $0.28 area and successfully break out.

Conversely, a break below wave C of $0.14 (red line) would invalidate this bullish CHZ price prediction.

LDO prices rise after sharp fall

The LDO price started a sharp decline on November 8 and reached a low of $0.87 the next day. The ensuing bounce (green circle) validated the $0.92 area as support.

Currently, the LDO is trying to climb above the $1.28 resistance area.

If the LDO price manages to reclaim the $1.28 area, it could head towards the next resistance at $1.80. If not, a retest of the $0.92 area would be expected.

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