5 Altcoins That Lead Crypto Market Winners

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BeInCrypto takes a look at five altcoins that have risen the most across the entire crypto market this week, particularly from January 20-27.

These popular altcoins have stolen the limelight from crypto news and the cryptocurrency market:

Threshold (T) price increased by 150.28% Aptos (APT) price increased by 135.77% Fantom (FTM) price increased by 57.41% eCash (XEC) price increased by 43, 41% Axie Infinity (AXS) Price Up 39.67% Threshold Leads Crypto Market Altcoin Gainers

On January 13, the T price broke out of a descending resistance line. Three days later, it hit a high of $0.065. However, it has created a long upper wick and is currently trading at $0.053.

Therefore, the price did not break above the $0.053 zone, which has been in place since May 2022.

If it breaks out successfully, the next resistance would be at $0.082. On the other hand, a rejection could trigger a drop towards the 0.5-0.618 Fib retracement support zone at $0.034-$0.040.

T/USDT daily chart. Source: TradingViewAptos Price Hits New All-Time High

The price of APT has risen 493% since the start of the year. On January 26, it hit a new all-time high of $20,400. The high was made very close to the outer 2.61 Fib retracement of the previous decline (white). On the same day, the price created a bearish shooting star candlestick.

If a downward move follows, the closest support zone would be at $13.202. On the other hand, if the price of APT resumes its upward trend, it might rise to the outer Fib retracement of 3.61 at $28.565.

APT/USDT daily chart. Source: TradingViewFantom Clears Major Resistance

FTM price has been rising at an accelerated pace since deviating below and then reclaiming the $0.20 horizontal support zone. This price move was preceded by a bullish RSI divergence. The indicator has now crossed above 50, indicating an uptrend.

Currently, the digital asset is reaching for a weekly close above the $0.41 resistance. If it does, it might rise to the next resistance at $1.10.

On the other hand, a weekly close below $0.41 could lead to a retest of the $0.20 support zone.

FTM/USDT weekly chart. Source: TradingViewAxie Infinity Clear Major Resistance

AXS price broke out of a descending resistance line on January 6th. It has since risen and on January 22 it broke above the $10 horizontal resistance zone. The region is now expected to lend its support.

Despite the breakout, the crypto asset failed to clear the resistance level at the $0.618 Fib retracement at $14.29. If it manages to break above the $14.29 resistance zone, the AXS price could rise to $20.65. On the other hand, failing to do so would likely result in a retest of the $10 support zone.

AXS/USDT daily chart. Source: TradingView eCash Altcoin Battling Resistance

Similar to APT and AXS, eCash price also broke out of a descending resistance line on January 23rd. The upward movement has continued since and XEC price hit a high of $0.000045 three days later.

However, the price failed to break out of the $0.000045 resistance zone and created a long upper wick. A successful break could take XEC price to $0.000060, while a rejection could result in a drop to $0.000030.

XEC/BUSD daily chart. Source: Trading View

For the latest crypto market analysis from BeInCryptos, click here.

Disclaimer

BeInCrypto strives to provide accurate and up-to-date information, but it will not be responsible for missing facts or inaccurate information. You comply and understand that you must use this information at your own risk. Cryptocurrencies are highly volatile financial assets, so do your research and make your own financial decisions.

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