Altcoins News: In this article, we will provide information about the 3 most rising altcoins in 1 – 1.5 weeks. Below you can see the current increase rates as a summary:
- Axie Infinity (AXS) – 116.54%
- Kucoin Token (KCS) – 81.78%
- Flow (Flow) – 74.58%
AXS has been continuing at a descending resistance line since April 29. This altcoin made 3 unsuccessful exit attempts on June 15 before it could break above the line.
After the retest attempt, as of June 23, it regains its strength and moves upwards at a rapid rate.
In a little less than 18 days, the AXS altcoin surged 585% to hit an all-time high of $19.60 on July 10.
Despite the high increase, a few problems still exist. While AXS is at the top, there are bearish divergences on both the RSI and MACD. Additionally, both peaks are joined by long upper wicks.
If there is a correction, the $9.20–$11.20 area remains as the support line. This range is the 0.5–0.618 Fib retracement support area.
KCS has been following a descending resistance line since April 10. But on July 3, it broke off the line and hit a high of $14.85.
KCS then fell and fell as low as $10.40 on July 8. However, it later formed a long lower wick and its price rose again to its previous level.
Technical indicators (although not clear) suggest that the increase may continue. The MACD is positive, the RSI is above 70, and the Stochastic oscillator is bullish.
Flow has been moving upwards since reaching its low of $6 on June 22. On July 6, it managed to break out of the descending resistance line that has been present since April 5 high.
It rose from July 6 and managed to hit a high of $20.28 on July 11.
For now, it is on its way to becoming a strong altcoin. Technical indicators on the daily timeframe are (albeit not clear) bullish. The MACD is almost positive, the RSI is above 70 and the Stochastic oscillator is bullish.
The main resistance area is located at $25.30. This is the 0.5 Fib retracement resistance level and a horizontal resistance area. A break above this resistance could open up bullish possibility for this altcoin.