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Three Altcoins Were the Best Performers for the Last Week

Cryptocurrency Nov 06, 2022 03:30AM ET
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© Reuters. Three Altcoins Were the Best Performers for the Last Week
 
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  • MATIC, LUNC and SOL are the best performing altcoins for the week.
  • The price of MATIC is looking to make a move to $1.3826.
  • LUNC and SOL are attempting to continue their bullish moves.

The top three coins for the week are Polygon (MATIC), Terra Classic (LUNC) and Solana (SOL) Here is a look at how their prices moved over the last week and the new chart targets for their respective prices.

Polygon (MATIC)

According to CoinMarketCap, the price of MATIC has risen 23.59% over the last 7 days, despite MATIC’s price falling 5.29% over the last 24 hours. This has taken MATIC’s price to $1.15. Compared to the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), MATIC’s price has weakened 4.15% and 2.93% respectively.

Weekly chart for MATIC/USDT Source: CoinMarketCap

The price of MATIC has broken past the resistance at $0.9792 and is now making a move towards $1.3826. Should MATIC successfully challenge this level, the next target will be $1.7523.

Terra Classic (LUNC)

The price of LUNC is up 4.67% over the last week. This is after its price dropped 4.92% over the last 24 hours. As a result of the weekly price movement, LUNC is now trading at $0.0002478. LUNC has also weakened against BTC and ETH by 3.98% and 2.75% respectively over the last 24 hours.

Daily chart for LUNC/USDT Source: CoinMarketCap

The price of LUNC is looking to break above the daily 20 and 50 EMA lines. The 50 EMA is currently positioned above the 20 EMA line which is a bearish sign. However, the two lines are looking to cross bullishly as the margin that exists between them continues to narrow down. If this happens, LUNC’s price could make a move towards $0.00030811.

Solana (SOL)

SOL’s price is up 8.30% over the last 7 days after a 2.32% over the last 24 hours. This has taken SOL’s price up to $35.79 at press time. SOL has also strengthened against BTC and ETH by 3.49% and 4.71% respectively during this time period.

Weekly chart for SOL/USDT Source: CoinMarketCap

SOL is challenging the weekly resistance level at $37.74. A successful challenge of this level will see SOL’s price rise to $45.76. A move to this new level will be confirmed by the weekly 9 EMA crossing above the weekly 20 EMA.

Disclaimer: The views and opinions as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Three Altcoins Were the Best Performers for the Last Week appeared first on Coin Edition.

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Three Altcoins Were the Best Performers for the Last Week
 

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