This Week’s Top 5 Dominant Bullish Altcoins

This week’s biggest gainers in the altcoin market, aside from Bitcoin, were Render Token (RNDR), Cronos (CRO), Injective (INJ), MultiversX (EGLD), and WOO Network (WOO). RNDR’s price broke out from the $2.15 horizontal resistance area to reach a new yearly high of $2.55; if momentum continues, the next closest resistance area will be at $3.80, while the $2.15 horizontal area is expected to provide support. CRO has broken out from the $0.073 resistance area, with the potential to reach the next resistance at $0.086, falling back to the $0.073 area, which is now expected to provide support. INJ is approaching a pattern’s resistance that could lead to an increase to $15. However, if a breakout above the resistance line does not occur, a fall to the midline again is likely. EGLD made a failed breakout attempt and has decreased under a descending resistance line since Feb. 13. A breakout could lead to an increase to $50, but another rejection could cause a drop to $38. WOO Network has traded in an ascending parallel channel since the beginning of the year, bouncing at the $0.26 horizontal support area before starting an upward movement. If the increase continues, WOO Network can reach the channel’s resistance line at $0.36 before falling back to the $0.26 area again. BeInCrypto’s analysis should only be viewed as informational as market conditions are subject to change without notice.

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