Weekly Cryptocurrency Analysis: Altcoins Recover From Downturn And Continue To Rise

Feb 27, 2024 at 18:33 // Price
Author
Coin Idol

The following cryptocurrency markets have either fully recovered from the bear market or are starting to show signs of a bull market again.

From the bottom of the chart, altcoins are rising. Cryptocurrencies in this overview by Coinidol.com: PEPE, THETA, FLR, AGIX and UNI.

Pepe

Pepe (PEPE) is in an uptrend after recovering from a previous downturn. The cryptocurrency has risen to a high of $0.00000211560 at the time of writing. It is likely that buyers will push the altcoin above the $0.00000281000 resistance level. Prior to the recent price surge, the altcoin was in a sideways trend below the $0.00000160000 resistance level. Buyers are overcoming the resistance at $0.00000160000 as the price reaches the next high at $0.00000220000. PEPE will fully recover if it can overcome the resistance at $0.00000281000.

It has the following characteristics and is the best performing coin. 

Current price: $0.000002129

Market capitalization: $895.46M

Trading volume: $749.99M

7–day gain: 81.44%

PEPEUSD_(Daily Chart) – FEB. 27.jpg

Theta Network

Theta Network (THETA) is in an upward correction as it crosses above the moving average lines. The altcoin is recovering from its earlier slide above the support level of $0.55. The altcoin rallied and broke above the moving average lines. The positive momentum continued and broke through the resistance at $1.40. THETA is currently trading at $2.09.

The altcoin will continue to rise and reach the next resistance at $2.60.THETA, the second best performing cryptocurrency, offers the following advantages:

Current price: $2.11

Market capitalization: $2,117,850,037

Trading volume: $497,788,806

7–day gain: 69.43%

THETAUSD_(Daily Chart) – FEB. 27.jpg

Flare

Flare (FLR) is in an uptrend and has fully recovered from its slump. The price of the cryptocurrency broke through resistance at $0.035 and resumed its uptrend. FLR has risen above the $0.00819 support and has broken the moving average lines. The price of the cryptocurrency is forming a series of higher highs and higher lows. The trend has broken above the overhead barrier as the altcoin is trading in a bull market.

It is predicted that cryptocurrency prices will continue to rise to recent highs. FLR is valued at $0.050 at the time of writing. It has the following characteristics and is the third best performing coin.

Current price: $0.05055

Market capitalization: $5,061,741,014

Trading volume: $113,601,593

7–day gain: 50.69%

FLRUSD_(Daily Chart) – FEB. 27.jpg

SingularityNET

SingularityNET (AGIX) is in an uptrend as it recovers from its dip. Buyers' attempts to maintain positive momentum above the overhead resistance at $0.65 have hindered the cryptocurrency's recovery. On February 19, 2024, the bulls broke through the overhead resistance and reached a high of $0.86. Today, the altcoin has fallen back from its previous high.

If the altcoin falls back below the $0.65 support, it will break down and continue its move below the overhead resistance. However, if AGIX retraces and remains above the current support level, the rise will continue.

The fourth most valuable coin, AGIX, has the following characteristics:

Current price: $0.7169

Market capitalization: $1,433,878,898

Trading Volume: $191,299,627

7–day Gain: 41.97%

AGIXUSD (Daily Chart) – FEB. 27.jpg

Uniswap

Uniswap (UNI) is in the process of reversing its previous downtrend. The altcoin rallied above the $3.90 support level and broke above the moving average lines. The altcoin retraced and retested the moving average lines before reaching its second price rise. The positive momentum peaked at $12.86 before retracing. UNI is oscillating below its recent high. The upswing will begin once resistance at $12 is overcome.

The fifth best-performing cryptocurrency, UNI, has the following characteristics:

Current price: $10.89

Market capitalization: $10,894,943,382

Trading volume: $461,889,953

7–day gain: 41.17%

UNIUSD_(Daily Chart) – FEB. 27.jpg

Disclaimer. This Analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.

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