- On 7 July, AXS traded in its ATH.
- ONE and KCS break over their descending resistance zones.
- STZ and LUNA trade beneath horizontal resistance zones.
Market analysts evaluated coins that saw massive gains in the week. They are:
- Axie Infinity (AXS) – 93.54%
- KuCoin Token (KCS) – 77.76%
- Synthetic (SNX) – 59.91%
- Harmony (ONE) – 38.39%
- Aave (AAVE) – 29.95%
- Terra (LUNA) – 27.81%
- Stacks (STX) – 26.91%
Let us find out what some of the alternative coins had
AXS has seen surges since 19 May, after reaching the lowest point at $1.80. On 22 June, it formulated a high trend and extended its uptrend at a quicker rate.
On 7 July, AXS enjoyed its record ATH at $16.70. That translated to a 484% increase in 15 days.
Although the coin has struggled with slight plummets since 7 July, technical indicators suggest bullish moves. Moreover, the altcoin hovers over the horizontal support zone at $10.80.
On 3 July, KCS managed to break its descending resistance that existed since 10 April. The coin extended its increase to $14.85 on 7 July before pullbacks. KCS reached its high at the 0.618 Fibonacci retracement resistance zone.
On 8 July, KCS plunged to $10.40 but bounced quickly after creating a longer wick. That happened over the horizontal support level at $9.30.
Technical indicators suggest bullishness.
SNX started rising on 26 July. On 4 July, the asset broke from the ascending channel and extended to its high at around $12.74 after two days.
Since then, SNX returned to validate the channel’s borders as its resistance. For now, the altcoin has chances to increase to its following resistance level at 0.5 Fibonacci retracements at $15.64.
AAVE started witnessing increases on 23 June. On 2 July, the altcoin broke its descending resistance, validating it as a support level the following day. Remember, AAVE rallied to a $347.53 high before declining.
The asset failed to break over the horizontal resistance zone at $315. If it manages to do that, it will magnify its chances of an uptrend towards the resistance level at $476.
Technical indicators show bullish market activities. For that reason, AAVE might break out in the coming sessions.