The past few weeks have seen the rise, fall, and re-emergence of Bitcoin, the king of cryptocurrencies.according to coin gecko, the top coin has risen nearly 16% over the past two weeks.this has been sent Analyst We are bullish on the long-term outlook for cryptocurrencies.
These cryptocurrencies have benefited greatly from the bullish momentum this week, giving crypto traders wallets a cushion when financial hardships arise.
Top 5 cryptocurrencies that gained big over the weekend
XEC
Formerly known as Bitcoin Cash ABC in 2021, this fork of BTC and BCH has made significant gains following Bitcoin’s rally over the past few days.latest market data show The token’s rise of over 30% in the last 24 hours has further increased the interest in the token.
XEC has regained the position it lost in the last few months. At the current price point of $0.0000424, XEC is in a safe position to take further ground from the bears in the coming months. The bulls can comfortably target the $0.00006995 resistance for future gains.
XLM
XLM has expanded its current horizons through partnerships and has made some impressive gains. The Stellar ecosystem is currently powering two promising financial apps. of the Wisdom Tree Prime and Pavis. This made investors bullish and led to a nearly 20% increase in the stock price. get in the past week.
The token is currently priced at $0.106 and has lost 0.6% of its value over the past 24 hours. However, a drop to this level should not be taken as a bad sign as it could be the starting point for future bullishness. In this case, the XLM bulls may target $0.126 in the long term.
As of today, the market cap of cryptocurrencies is nearly unchanged at $1.15 trillion. Chart: TradingView.com
India
Injective made headlines Co-sponsored Cosmos Hackathon with Delphi Labs. INJ has since become one of the top 5 cryptocurrencies on the weekend market.INJ is currently Up Over 20% in the past week.
Investors are currently targeting a high of $8.7 with support at $7.8. This will become a general trend over the next few days, and INJ may recover the $10 levels in the near future. For now, the INJ bulls will need to continue to ride the market’s positive momentum to achieve their goals.
LTC
This altcoin is one of the oldest existing cryptocurrencies available on the market.with LTC halved Bullish sentiment is on the rise next month, and we may see more action for Litecoin in the coming months.At the time of writing, the token is Up It’s up more than 18% since last week.
With $103 as a solid support level, the bulls are targeting $118 for short- to medium-term gains. The impact of the upcoming halving will also have a positive impact on the coin’s price volatility. Longer term, investors can target $200 as the halving date approaches.
AAVE
AAVE has made rounds with investors with the introduction of the ecosystem. just this month summer finance and scroll We added AAVE v3 to the mainnet and had a big impact on functionality.This ensures that AAVE rise It rose sharply from last week and exceeded 17%.
The bears are trying to regain ground, but the bulls have blocked it above the AAVE support of $65.16. If they can stop this momentum, the token could rise to $76 or $82 if the bullish momentum allows.
(The content of this site should not be construed as investment advice. Investing involves risk. When you invest, your capital is at risk.)
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