5 Cryptocurrencies Outperforming Others in the Top 100

Over the earlier few weeks, the broader crypto market has skilled predominant upside with Bitcoin (BTC) hitting $64,000 at one level. Nonetheless, other than Bitcoin’s soar, there had been several cryptocurrencies which had been within the spotlight and performed exceptionally. Listed below are the tip five finest-performing coins within the tip 100.

Worldcoin (WLD)

Worldcoin’s (WLD) mark elevated by 217.82% within the final 30 days. At a bid time, the associated rate of the token crossed $9. Nonetheless, within the final seven days, the upward trajectory had cooled, and at press time, Worldcoin modified hands at $7.72.

In step with the 4-hour WLD/USD chart sellers would possibly per chance per chance maintain gotten exhausted with toughen showing at $7.25. Nonetheless, a develop-up wait on to $9 would possibly per chance per chance successfully be tantalizing brooding about the sturdy resistance at $8.

A a hit conclude above $8 would possibly per chance per chance search WLD head for a recent all-time high, leaping toward $10. Nonetheless, rejection at the area would possibly per chance per chance spell one other nosedive for the token. At press time, the RSI had fallen below the 50.00 midpoint, nearing the oversold area.

WLD/USD 4-Hour Chart (Source: TradingView)

If the RSI studying continues to diminish, WLD’s mark would possibly per chance per chance trek below $7. Might maybe well simply silent the token pick up oversold, a jump above $9 would possibly per chance per chance successfully be subsequent. Furthermore, the Awesome Oscillator (AO) studying was negative, suggesting rising downward momentum.

Arweave (AR)

AR’s mark at press time was $27.18, due to a 209.04% 30-day lengthen. As a outcomes of the hike, the native token of the decentralized storage network has been ready to stream up to amount 52 on the market cap standings.

From the technical level of view, volatility round AR has been indecent, in step with indications from the Bollinger Bands (BB). This indecent volatility implies that mark fluctuations would possibly per chance per chance successfully be big. Nonetheless, the token was overbought because the greater band of the BB tapped its mark round $30.

In a highly bearish notify, AR would possibly per chance per chance dawdle below the $20 area. Nonetheless, elevated in quest of pressure would possibly per chance per chance pressure the associated rate bigger toward $35. Cherish the BB, the Cash Drift Index (MFI) reinforced the opinion that the token had hit overbought levels.

AR/USD 4-Hour Chart (Source: TradingView)

Resulting from this reality, extra retracement would possibly per chance per chance successfully be seemingly. On the assorted hand, if altcoins birth to stream bigger than fashioned, AR would possibly per chance per chance also apply and a return to the upside would possibly per chance per chance happen within the quick term.

Pepe (PEPE)

As Coin Edition lately reported, PEPE’s 178% soar made it the preferrred-performing memecoin within the tip 100. At press time, the associated rate of the cryptocurrency was $0.00000271, and lately, it hit an all-time high.

Nonetheless, PEPE perceived to be present process a earnings-taking length in step with the 4-hour outlook. As an instance, the Chaikin Cash Drift (CMF) had fallen hard into the negative area. This negative studying implies that there was no extra strength within the wait on of PEPE’s earlier uptrend.

In its place, the associated rate action would possibly per chance per chance continue to pattern downward. If here is the case, PEPE’s mark would possibly per chance per chance nosedive to $0.0000020. A inquire of at the Fibonacci retracement showed that if selling pressure is intense, the associated rate would possibly per chance per chance drop as low as $0.0000013 the build apart the 0.618 and $0.786 Fib levels had been positioned.

PEPE/USD 4-Hour Chart (Source: TradingView)

Procure.ai (FET)

FET continued to showcase its prowess as one in every of the tip AI-themed cryptocurrencies of this cycle. Within the final 30 days, FET’s mark has elevated by 170.78%. Furthermore, the final consequence of this hike supposed that the associated rate was now trading above $1.58.

Between February 22 and 28, FET was in a consolidation piece because the associated rate struggled to stream above $1.19. Nonetheless, bulls stumbled on toughen at $1.05 and capitalized on it with elevated in quest of pressure.

Because it stands, FET’s mark would possibly per chance per chance upward thrust bigger due to the signals from the On Balance Volume (OBV). At press time, the OBV studying elevated. Furthermore, the Shifting Moderate Convergence Divergence (MACD) was clear, indicating a bullish momentum.

FET/USD 4-Hour Chart (Source: TradingView)

Within the quick term, FET would possibly per chance per chance execrable the $2 imprint earlier than the northward dawdle cools off for a while.

Flare (FLR)

A 100% lengthen within the final 30 days implied that Layer 1 token Flare (FLR) traded at $0.04. Nonetheless, the MACD printed that the bullish momentum had became bearish because it slid into negative territory.

Furthermore, the 12-day EMA (blue) had crossed below the 26-day EMA (orange), suggesting that sellers had outpaced merchants’ dominance. Might maybe well simply silent this be the case going ahead, FLR’s mark would possibly per chance per chance descend by 15.62% which would possibly per chance per chance build apart it at $0.039.

FLR/USD 4-Hour Chart (Source: TradingView)

In addition, the RSI also fell below the midpoint, confirming the MACD selling pressure signal. Nonetheless, the prolonged-term prospect of FLR would possibly per chance per chance flip bullish if altcoins birth to dominate as BTC falls.