Weekly cryptocurrency evaluation of SPX, FARTCOIN, ENA, VIRTUAL and XLM delivered to you by Coinidol.com.
A number of altcoins have recovered from their current droop. They’re displaying a sample of upper highs and better lows. Others, nonetheless, have stalled at their earlier highs because the cryptocurrency market has resumed its sideways motion.
SPX6900
SPX6900 (SPX) has been in an uptrend since its inception in December 2024. On December 20, 2024, the altcoin reached a low of $0.536. The cryptocurrency worth consolidated above the assist degree of $0.60 earlier than rising once more.
On January 4, 2025, the altcoin rose to a excessive of $1.67 earlier than retreating. The prolonged candlestick wick on January 4, 2025 signifies robust promoting strain at a excessive of $1.60. The altcoin has retreated and is buying and selling under the $1.40 resistance degree. SPX is one of the best performing cryptocurrency.
The present worth: $1.33
Market capitalization: $1,238,018,200.32
Buying and selling quantity: $72,637,090.94
7-day achieve: 54.40%
Fartcoin
Fartcoin (FARTCOIN) is presently in an uptrend with a collection of rising highs and lows. The cryptocurrency rose to a excessive of $1.61 earlier than pulling again.
The worth indicator exhibits that the cryptocurrency continues to rise. Throughout the rise on December 20, a candlestick physique examined the 50% Fibonacci retracement degree. The retracement means that the altcoin will proceed to rise to the two.0 Fibonacci extension excessive at $2.43. In the meantime, the altcoin is buying and selling under $1.50 in anticipation of a optimistic development. FARTCOIN is the second greatest performing cryptocurrency.
The present worth: $1.42
Market capitalization: 1,423,898,890.24
Buying and selling quantity: $70,045,150.06
7-day achieve: 47.12%
Ethena
The worth of Ethena (ENA) was beforehand in an uptrend, however the upward momentum was halted at a excessive of $1.30 since December 15, 2024. ENA has been compelled right into a sideways development under the barrier at $1.30. It’s buying and selling above the transferring common line however under the $1.30 barrier. If the bulls break by the resistance at $1.30, the altcoin will rise to its earlier excessive of $1.50. If the altcoin falls under the transferring common strains, it’s going to lose worth. It would fall to the earlier assist of $0.90. ENA is the third greatest performing coin.
The present worth: $1.21
Market capitalization: $3,675,686,792.18
Buying and selling quantity: $476,908,621.44
7–day achieve: 33.71%
Virtuals Protocol
The worth of Virtuals Protocol (VIRTUAL) has risen constantly because the rebound on November 26, 2024. The worth of the cryptocurrency rose above the $0.50 barrier and reached a excessive of $5.12. The worth of the cryptocurrency fluctuates between larger highs and better lows. The uptrend has stalled under the $4.50 resistance degree. The altcoin is buying and selling above the 21-day SMA however under the resistance at $4.50. The altcoin is presently within the overbought sector of the market. On January 2, 2025, the lengthy candlestick wick signalled vital promoting strain on the excessive of $5.00. VIRTUAL is the fourth greatest performing cryptocurrency.
The present worth: $4.34
Market capitalization: $4,342,974,599.21
Buying and selling quantity: $373,296,955.6
7–day achieve: 32.59%
Stellar
Stellar (XLM) is recovering from an earlier decline under the transferring common strains. On November 24, 2024, XLM rose to a excessive of $0.63 earlier than being rejected once more. There are candlestick wicks pointing to the excessive of $0.60. This means robust promoting strain on the current excessive. XLM fell to a low of $0.32 however has since recovered again above the transferring common strains. The altcoin is buying and selling above the transferring common strains however under the resistance on the excessive of $0.60. As soon as the altcoin breaks above the transferring averages, it’s going to resume its uptrend. XLM is the fifth greatest performing cryptocurrency.
The present worth: $0.4483
Market capitalization: $13,602,664,844.2
Buying and selling quantity: $671,291,609.96
7–day achieve: 27.91%
Disclaimer. This evaluation and forecast are the private opinions of the creator. They’re not a suggestion to purchase or promote cryptocurrency and mustn’t be considered as an endorsement by CoinIdol.com. Readers ought to do their analysis earlier than investing in funds.
