simply put

  • THETA, ZEN, and TWT are weekend crypto gainers, performing positively in a neutral market

  • ZEN price has broken above the diagonal resistance level. However, it has since struggled to initiate an upward movement.

  • TWT is trying to break out of the long-term resistance. If successful, the growth rate will accelerate.

Theta Token (THETA), Horizen (ZEN), and Trust Wallet Token (TWT) managed to gain over the weekend despite mixed performance from the rest of the cryptocurrency market.

The cryptocurrency market had a neutral performance last week. The week was characterized by short-term up and down moves that mostly offset each other.

However, these three cryptocurrencies performed well, especially during the weekend. Hence, they are tagged as the weekend’s cryptocurrency winners.

Theta Token (THETA) Leads Weekend Altcoin Gains

THETA price has been rising along the ascending support line since June 10. During this period, it has made multiple attempts to break above the $0.82 horizontal resistance area. When the price action combines with the ascending support line, it forms an ascending triangle.

The ascending triangle is considered a bullish pattern, which means it usually leads to a breakout. This also coincides with the fact that resistance weakens with each encounter.

A breakout above the height of the entire pattern would result in a high near $1.20.

On the other hand, this bullish prediction will be invalidated if there is a breakout of the ascending support line. In such a case, THETA could drop to $0.70.

Horizen (ZEN) Clears Resistance — Striving to Accelerate

ZEN price has been rising since June 10. On June 30, the price broke above the descending resistance line. Then, ten days later it returned to verify that line as support (green icon). The price has been rising since then.

However, despite the gains, ZEN has failed to break out of the $9.40 horizontal resistance area (red icon). A breakout or rejection will determine the direction of the future trend.

Will Trust Wallet Token (TWT) price breakout?

TWT price has been breaking below the descending resistance line since January 29. It fell to a low of $0.71 on June 10. But the price has risen as it has not yet broken through. However, TWT is currently attempting a breakout. This is the fourth time TWT has attempted to clear the resistance line.

If successful, TWT could follow in the footsteps of other altcoin weekend gainers and rise to the next horizontal resistance at $1.10. However, if TWT is rejected, a drop to the yearly low of $0.71 is possible.