Altcoins wobble after hitting initial hurdle

The top altcoins continued to rise above their moving averages.

With the exception of ICP, these cryptocurrencies have the potential to continue their uptrend while above their moving averages.

Pippin

The price of Pippin (PIPPIN) will increase from February 10. However, the uptrend since February 26 has remained below $0.90. The price of the cryptocurrency is currently moving above the moving average lines, but remains below the barrier of $0.90. The price remained stable above the $0.60 support level.

On the downside, if the bears break below the 21-day SMA support, the altcoin could fall to the 50-day SMA support or $0.41. The uptrend resumes after the price breaks above the $0.90 resistance level. This crypto is currently the highest rated cryptocurrency.

• Current price: $0.6343

• Market Capitalization: $638,235,928.02

• Trade volume: $93,955,674.35

• 7 day profit: 37.99%

The decision has been made

Decred (DCR) price is rising while remaining in a sideways pattern. The cryptocurrency is recovering after reaching the resistance level at $36.77. It pulled back and broke above the $0.30 support. An uptrend will resume if it breaks back from the current support or the 21-day SMA barrier and goes up.

On the right side, a break from the $36 level could take it to $48. Meanwhile, the altcoin remains range-bound, trading above the moving averages but below $36. DCR is currently the second most popular altcoin.

• Current price: $29.97

• Market Capitalization: $518,606,929.84

• Trade volume: $519,096,029.43

• Profit for 7 days: 33.39%

Morpho

Morpho (MORPHO) price reached $1.96 before falling. The cryptocurrency moved sideways, remaining above the $1.00 support, but below the moving averages and resistance at $2.00.

Today, the price is consolidating after crossing the $2.00 barrier, but it has stopped at the $1.70 support. Expanded candlesticks indicate significant selling pressure at the recent peak. The uptrend resumes after the price breaks above the $2.00 mark.

• Current price: $1.76

• Market Capitalization: $688,436,293.81

• Trade volume: $37,414,374.96

• benefit of 7 days: 15.31%

Dotted

Polkadot (DOT) price broke above the moving averages but was stopped by the 50-day SMA barrier. Buyers failed to sustain a move above the 50-day SMA or the $1.80 resistance level. The cryptocurrency is recovering and is currently between two moving averages.

On the downside, if the bears break the 21-day SMA support, the altcoin will return to its range above the $1.20 level. If the 21-day SMA support holds, the price will continue to move within the range.

• Current price: $1.48

• Market Capitalization: $2,471,714,117.43

• Trade volume: $314,150,050.28

• benefit of 7 days: 13.35%

Internet computer

Internet Computer (ICP) price has recovered and is above the 21-day SMA. However, the uptrend was short-lived as it stalled at $2.72. The price is currently trading above the 21-day SMA support but above the 50-day SMA barrier.

Today, the bears pushed the price above the 21-day SMA support and tried to push it lower on the chart. If the 21-day SMA support is broken, ICP will return to the price range above $2.00. ICP is the fifth best cryptocurrency.

• Current price: $2.34

• Market Capitalization: $1,287,488,332.85

• Trade colume: $104,474,434.19

• benefit of 7 days: 10.38%

Disclaimer. This analysis and prediction is the author’s personal opinion. The information provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be considered an endorsement by Coinidol.com. Readers should do their own research before investing in funds.