RVN, GRT and LSK prices recently reached new historic highs.
DASH broke through a zone of long-term resistance.
The BTG is breaking through a zone of long term resistance
BeInCrypto takes a look at the five best-earning altcoins from the past week. Will their momentum be sustained?
Ravencoin hit an all-time high of $ 0.09 on February 14 and is currently validating resistance from its former all-time high as support.
DASH has already broken through the long term resistance zone of $ 236 and is expected to continue rising at an accelerated pace.
Although it hit a record high of $ 2.81 on February 11, the GRT’s lack of price history makes it difficult to analyze the token.
The LSK hit a record high of $ 4.93 on February 14, but has fallen slightly since. It again tested the resistance of its historic high, above which it had first passed.
The BTG chart shows a massive upward movement that continues since the price broke a long-term descending resistance line, before validating it as support (green arrow).
Since then, the rise in BTG has turned parabolic, so far reaching a high of $ 33. The RSI, MACD, and Stochastic Oscillator all remain higher, suggesting the trend is bullish.
However, until the BTG breaks above the $ 32 area and validates it as support, the upward movement is not yet confirmed
The BTG has not closed above this level since July 2018. If it does, its rate of rise is likely to accelerate dramatically.
RVN rose significantly over the past week, rising to a record high of $ 0.09. Although it has fallen slightly since then, price is validating the resistance zone from its former all-time high of $ 0.075 as support.
Technical indicators are bullish as the MACD, RSI, and Stochastic Oscillator are all up. Once the RVN successfully passes this area and validates it as support, its rate of rise should accelerate.
Last week’s rally took DASH above the resistance zone at $ 236, the 0.382 fibonacci retracement level of the latest bearish move. DASH has been trading below this level since April 2018.
DASH price is currently moving above this area which could trigger an accelerated rally towards the next resistance area at $ 571.
Technical indicators are bullish and support the continuation of the upward movement.