As Bitcoin falls, these 3 altcoins stand out, what makes them stand out?
While ADA has once again fallen below the psychological $1 mark, its rise in total value locked (TVL) is encouraging. Injective has also seen an increase in the number of new and active addresses, indicating increased participation and growing demand.
Cardano, Injective, and Stellar stand firm
Santiment Insights' article highlights some of the best performing assets of the past week, focusing on the most popular assets in the top 100 in the crypto space. Data shows that ADA, XLM, and INJ are the most prominent performers of the past week.
Render [RNDR] gets an honorable mention, up 16.55% in seven days. Meanwhile, ADA is up 19%, XLM is up 29%, and INJ is up 22%. In the short term, their price action is strongly bullish.
The 2-hour chart shows that they have performed very similarly over the past week. In the short term, these are the support levels to watch for the compared altcoins. Cardano bulls aim to defend the $0.94-0.95 area, while Stellar may offer good buying opportunities at $0.41-0.42. Injective has a strong short-term support area at $22.67-22.95, which may trigger a bullish reaction.
