These 4 #Altcoins Are Up More Than 30% in the Past Week
đž Immutable (#IMX )
Immutable (IMX), known as the first Layer-2 scaling solution on Ethereum (ETH), ranks second among altcoins with over a 30% gain in the past week.
IMX saw a price increase of 43% during this period but hit resistance at $1.80, leading to a retracement to $1.75, its current trading price. The Bull Bear Power (BBP) on the daily chart indicates that bulls are prepared to push IMX higher once again.
đž Sui (#SUI )
SUI, the native cryptocurrency of the layer-1 blockchain, has not only performed well over the past week but has also been one of the altcoins with a staggering 30-day performance.
In the last seven days, SUIâs price has increased by 40% and is currently $1.55. Meanwhile, the daily SUI/USD chart flashes a rise in the Money Flow Index (MFI). This hike indicates a surge in buying pressure. However, the MFI can also tell when a crypto is overbought or oversold.
đž Sei (#SEI )
Knows as one of the fastest Layer-1 blockchains, Seiâs native token is one of the altcoins that has increased by more than 30%. Currently trading at $0.36, SEI formed an ascending triangle on the daily chart between August 26 and September 17. Eventually, the token broke above the triangle, validating a price increase, which helped SEI climb by 33%.
A look at the daily chart revealed that the Awesome Oscillator (AO) flashed rising green histogram bars. This rise indicates increasing upward momentum for SEI, possibly leading to a $0.42 in the short term.
đž Aptos (#APT )
Another Layer-1 project that has performed significantly in the past week is Aptos (APT). In the last seven days, its price has increased by 32%. While the price initially dropped by 22%, technical analysis shows that a golden cross was vital to the tokenâs recovery.
A golden cross occurs when the shorter EMA crosses above the longer EMA. As seen below, the 20 EMA (blue) rose past the 50 EMA (yellow) on September 20. Due to this, the price jumped to $8.25.
