Over the past few weeks, the king of cryptocurrencies, Bitcoin, has seen a resurgence, relegation and resurgence. Accordingly coingecko, the top coin is up nearly 16% over the past two weeks. This has been sent analysts optimistic about the cryptocurrency’s long-term prospects.
These cryptos benefited greatly from the bullish momentum this week, providing crypto traders with a buffer during times of financial challenges.
The top 5 cryptos are seeing strong gains over the weekend
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Formerly known as Bitcoin Cash ABC in 2021, this fork of BTC and BCH has seen huge gains as Bitcoin rallied over the past few days. The latest market data shows that the token has increased by more than 30% in the last 24 hours, which has brought the token more attention.
XEC has regained lost ground over the past few months. At its current price of $0.0000424, XEC is in a safe position to gain more ground from the bears in the coming months. Bulls can comfortably target the $0.00006995 resistance for future gains.
XLM
XLM has seen some outstanding gains as the company expands its current horizons through partnerships. The Stellar ecosystem now supports two emerging finance apps, viz WisdomTrees Prime and Paybis. This prompted bullish sentiment from investors, resulting in a nearly 20% surge. win Last week.
The token has a current price of $0.106 and has lost 0.6% of its value in the last 24 hours. However, a drop to this level should not be taken as a bad sign as it can serve as a starting point for future uptrends. If so, the XLM bulls could aim a long-term target of $0.126.
To date, the cryptocurrency market cap is almost unchanged at $1.15 trillion. Chart: TradingView.com
INJ
Injective caused a stir co-organizer the Cosmos Hackathon with Delphi Labs. This then resulted in INJ being among the top 5 cryptos in the weekend market. As it currently stands, INJ high more than 20% in the last week.
Investors are currently targeting a high of $8.7 with support at the $7.8 price point. This will be the overall trend for the coming days, with INJ potentially reviving the $10 level in the near future. For now, the INJ bulls should continue to take advantage of the market’s positive momentum to reach their targets.
LTC
This altcoin is one of the oldest existing cryptocurrencies available on the market. With the LTC Halving Next month fueling bullish sentiment, we could see more action on Litecoin in the coming months. At the time of writing, the token is high more than 18% since last week.
With solid support at $103, the bulls are targeting short- to medium-term gains at $118. The impact of the upcoming halving will also have a positive impact on the coin’s price action. For the longer term, investors can target $200 as the halving date approaches.
SPIRIT
AAVE has been doing the rounds with investors since its inception with ecosystems. just this month summer funding And Scroll have added AAVE v3 to their mainnet which has greatly impacted their functionality. This resulted in AAVE raise has increased exponentially to over 17% since last week.
The bears are trying to regain lost ground, but the bulls have stopped them above the AAVE support at $65.16. If they can stop this momentum, we can see the token rally to $76 or $82 if the uptrend allows.
(The content of this website is not to be construed as investment advice. Investing involves risk. When you invest, your capital is at risk.)
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