This week has been pretty quiet for most cryptocurrencies and Bitcoin after the recent bounce. We have seen a lot of sideways trading for the most part but a few cryptos have been outperforming the rest of the market this week.
MX Token + 39.7%
MX has been in a daily uptrend for around 20 days now and has seen a significant increase in trading volume for the past week. The EMAs have crossed bullishly two days ago for the first time on the daily chart.
Bitcoin Satoshi Vision +15.4%
BSV is a controversial fork of Bitcoin Cash that claims to be the original Bitcoin. According to Craig Wright, a self-proclaimed inventor of Bitcoin, BSV restores the original Bitcoin protocol.
BSV has seen a significant increase in bull volume and managed to break above the 26-period EMA yesterday. Today, the digital asset has seen a 7% price increase with more trading volume.
Waves was also featured on our last Top 5 here. The digital asset continued to trade sideways until yesterday when the bulls managed to swing a 15% price increase within 10 hours. Waves is currently under consolidation as the daily RSI has crossed into the overbought area.
The bulls are looking for the 12-period EMA as support and bottom of the consolidation before taking off again, although, the current market momentum might accelerate this process. The digital currency is available on Binance.
Fantom + 12.8%
Fantom’s price action has been a bit erratic recently. The bulls managed to cross above $0.012 briefly before going back down to $0.011. FTM is currently trading at $0.0114 after surging around 13% during this week. The bulls have now set a daily uptrend even though it is a bit choppy. The daily EMAs are looking for a bullish cross in the next few days and the RSI is not overextended.
The trading volume has been increasing for Fantom but the overall trend remains negative in the long term. You can trade Fantom on Binance.
Basic Attention Token + 21%
BAT has been on a roll recently as the bulls managed to change the daily downtrend in a very convincing manner. BAT price crossed above both EMA’s yesterday and the bulls saw even more continuation today with increasing bull volume.
The daily RSI is not overextended and the bulls have been able to break above several resistance levels. BAT is currently trading at $0.19 and it’s facing mild resistance at $0.196 and stronger resistance all the way up at $0.2211. You can buy BAT coins on Binance.
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Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
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