Highest Crypto Gainers of the Week; TWT, RNDR, BSV Price Analysis – Crypto News – Crypto News
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Highest Crypto Gainers of the Week; TWT, RNDR, BSV Price Analysis – Crypto News

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Here’s a list of cryptocurrencies that outperformed their peers despite broader market uncertainty, are they still good to buy

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In the recent trading week, the leading cryptocurrency Bitcoin, traded largely sideways as it struggled to break past the 28,500 level. This looming supply pressure has nudged a slight decline across the crypto space, yet, selective altcoins, as highlighted below, have managed to defy the overarching market uncertainty, carving a bullish narrative of their own. Should the macro crypto sentiment pivot to a bullish stance, these altcoins could be primed for a more pronounced rally.

Also Read: OpenAI CEO Slams U.S. Government’s ‘War’ on Bitcoin and Crypto

TWT Price Analysis: Bullish Pattern Hints Massive Upswing

TWT Price AnalysisSource- Tradingview

The Trust Wallet Token coin price has carved out a clear double-bottom pattern over the past four months, a technical formation frequently associated with bullish reversals after sustained downtrends. 

In just two weeks, the coin price has surged from a low of $0.75 to an impressive $1.008, translating to a commendable 34% rise. Moreover, this upward movement broke past the pattern’s neckline resistance on October 2nd stationed at $0.99. 

Maintaining momentum above this pivot could likely set the stage for a climb towards the $1.35 region, registering a potential 36.5%.

RNDR Price Analysis: Bullish Setup Hints 50% Rally Ahead

RNDR Price Analysis

Source- Tradingview

In the weekly time frame chart, the RNDR coin price shows the formation of a cup and handle pattern. This pattern is often considered a major shift in market trend as the asset witnessed a long period of accumulation during its development. 

Currently navigating through the pattern’s handle phase, the RNDR price has bounced assertively from the $1.2 region, accumulating a 44% gain over the previous seven weeks to land at $1.8.

If the textbook dynamics of this pattern play out, we could witness the coin targeting the neckline resistance near $2.7, a projection of a 50% rally in the near future.

BSV Price Analysis: Support Trendline Leads Bullish Recovery

BSV Price AnalysisSource- Tradingview

The prevailing downtrend in Bitcoin SV price witnessed a new relief rally starting in mid-June. Over the past 4 months, an ascending support trend has assisted buyers with dynamic support to recuperate their bullish momentum. 

The daily chart shows that every past retest to the support trendline has witnessed a significant bounce back reflecting the buyers are acclimating at their peaks. By the price time, the BSV price trades at $34.99 and is heading back for another revisit to the support trend line. 

If the bullish momentum persists at this support, the coin should witness a gradual rise above the $50 mark and hit the near-significant resistance of $56.

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Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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