Top 5 Alternative Coins of the Week

Kava, Bitcoin SV, FLOKI, Aragon, and UMA have been the top gainers among altcoins this week. Kava’s price rose by 11.61% after reclaiming its $0.76 support area and breaking out from a descending resistance line. Bitcoin SV’s price broke out from a descending resistance line that had been in place since August 2022, indicating that the correction may have ended. FLOKI, which is trading inside an ascending parallel channel, is likely to break down eventually due to its corrective structure. Aragon broke above the $3 resistance area and could move towards the next resistance at $4.20. Finally, UMA broke out from the $2.30 resistance area but returned to it again on May 12, validating it as support. Whether UMA bounces or breaks down will determine its future trend. These altcoins should be watched closely by traders seeking opportunities in the crypto market.