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The Magnificent Seven: HOT, ONE, NPXS, SC, FIL, MANA & LUNA – Biggest Altcoin Gainers of the Week

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In this article, BeInCrypto takes a look at the seven altcoins that increased the most over the past seven days (March 12 – March 19).

These altcoins are:

  • Holo (HOT) – 160%
  • Harmony (ONE) – 140%
  • Pundi X (NPXS) – 118%
  • Siacoin (SC) – 96%
  • Filecoin (FIL) – 94%
  • Decentraland (MANA) – 78%
  • Terra (LUNA) – 72%

Holo (HOT)

HOT has been increasing rapidly over the past two weeks. On March 15, it reached an all-time high price of $0.0095. The high was close to the 3.61 external fib retracement of the previous drop. 

Technical indicators are still bullish; thus, the upward movement may continue. If so, HOT would find the next closest resistance area at $0.011. This is the 4.61 external fib retracement of the same downward move.

Harmony (ONE)

ONE has been increasing since Feb. 23. Today, it reached a new all-time high price of $0.122. 

However, ONE has begun to show weakness. Both the RSI & Stochastic oscillator have generated bearish divergence. 

Also, ONE is trading close to a confluence of Fib resistance levels. They are found between $0.119-$0.127. 

Therefore, it is possible that ONE reaches a top soon and begins a corrective structure.

Pundi X (NPXS)

NPXS has been moving upwards since Feb. 28. It reached a new all-time high of $0.0052 on March 19. 

Similar to HOT, numerous bearish divergences are developing in the RSI, MACD & Stochastic oscillator.

However, the price has already moved above the first resistance area at $0.0044. Since it has cleared it, it is expected to increase towards the next resistance at $0.0062.

Siacoin (SC)

SC began a significant increase this week and is in the process of creating a bullish engulfing candlestick. 

Technical indicators are bullish. The MACD, RSI & Stochastic oscillator are increasing. 

The closest resistance area is found at $0.028. If SC manages to close above it, it will find the next resistance at $0.044. 

However, a short-term rejection would be expected prior to continuation.

Filecoin (FIL)

FIL has been increasing since breaking out from the $52.5 resistance area on March 15. After two days, it reached a high of $97.30. It has decreased slightly since then but validated the $77 area as support. 

As long as FIL is trading above this level, the trend is considered bullish. 

The next resistance areas are found at $110 and $132.

Decentraland (MANA)

MANA has increased considerably since March 11. On March 14, it reached a new all-time high price of $0.1249. This was just above the 4.61 external Fib retracement at $1.10. 

Since then, MANA has fallen below this level and validated it as resistance. 

Due to this movement and the bearish divergence in the RSI, MANA may correct in the short-term.

If so, the closest support area is found at $0.72.

Terra (LUNA)

LUNA has been increasing since Feb. 28. On March 19, it reached a new all-time high price of $21.85. 

However, it has already reached the 4.61 external Fib retracement of the most recent drop. 

Therefore, it is possible that it will correct in the short-term. The bearish divergence in the RSI also supports this.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo.
In 2019, he decided to focus full-time on cryptocurrencies and trading.

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Source: https://beincrypto.com/the-magnificent-seven-hot-one-npxs-sc-fil-mana-luna-biggest-altcoin-gainers-of-the-week/

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