The cryptocurrency market this week sharply "got sick", and the majority of altcoins supported Bitcoin in its fall, collapsing for the company.
We're going to take a look at 5 altcoins that felt better than the rest. Some of them even broke through historic highs before the global “reddening” of the market.
The Polygon token began a gradual growth since mid-April and on May 18th managed to reach its all-time high of $2.68. Over the past 24 hours, the token managed to fall to a minimum level of $1.20 and is now trading for the same price on Binance. Considering the price dynamics, it can be assumed that the MATIC uptrend has ended and in the near future, it will not be able to break through the levels above $1.55.
An increase in the trading volumes of the ANKR token over the past week has led to an increase in its volatility. Against this background, the price of one coin rose sharply from $0.07 to $0.16. On May 19th, the token collapsed along with other altcoins to the level of $0.08, but has now managed to equalize the price and is trading at $0.11 on Huobi.
On May 18th, the SOL price peaked at $58.30 on the exchanges. But the very next day, the cost of the token dropped to $34.23, and now their price on Binance is $32.49. Apparently, the situation with SOL repeats the fate of MATIC, and in the near future, the coin will not be able to escape from the tenacious paws of bears. The only chance for it is the area above the resistance level of $42.50.
The token bottomed out on April 23rd at $0.078 and has been steadily growing since then. The further decline was stopped by the support at $0.096. On May 18th, the coin broke through the $0.183 level but failed to hold it for a long time, and by May 19th ONE fell along with the rest of the market to $0.083. The key resistance was the price of $0.180. If the token manages to outwit the bears by getting out of the hole, then the bulls will help ONE return to its previous highs. So far, its price is $0.090 on Huobi.
The SUSHI rate managed to break through the downward resistance in mid-March and has been constantly growing since that moment, having managed to reach its ATH of $23.38. After several falls and testing the support line, growth began on May 10, which led to a peak of $22.52. Today, the token reached a day of $10.06, after which it rose to $11.81. However, it lacks momentum so far, as unless the coin gets support at the $12 level, we are unlikely to see a new ATH in the coming months. The cost on Binance at the time of writing is $11.46.
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