5 Cryptocurrencies Outperforming Others within the Prime 100

• WLD’s profitable rise above the $8 resistance might set off a leap towards $10.
• AR may slip under $20 whereas promoting stress may lead PEPE right down to $0.0000013.
• Elevated shopping for stress might ship FET above $2 whereas FLR’s momentum had turned bearish.

Over the previous few weeks, the broader crypto market has skilled main upside with Bitcoin (BTC) hitting $64,000 at one level. Nevertheless, other than Bitcoin’s leap, there have been a number of cryptocurrencies which have been within the highlight and carried out exceptionally. Listed here are the highest 5 best-performing cash within the high 100.

Worldcoin (WLD)

Worldcoin’s (WLD) worth elevated by 217.82% within the final 30 days. At a selected time, the value of the token crossed $9. Nevertheless, within the final seven days, the upward trajectory had cooled, and at press time, Worldcoin modified fingers at $7.72.

Primarily based on the 4-hour WLD/USD chart sellers might need gotten exhausted with help showing at $7.25. Nevertheless, a build-up again to $9 might be difficult contemplating the strong resistance at $8.

A profitable shut above $8 might see WLD head for a brand new all-time excessive, leaping towards $10. Nevertheless, rejection on the area might spell one other nosedive for the token. At press time, the RSI had fallen under the 50.00 midpoint, nearing the oversold area.

If the RSI studying continues to lower, WLD’s worth might slide under $7. Ought to the token get oversold, a bounce above $9 might be subsequent. Moreover, the Superior Oscillator (AO) studying was destructive, suggesting growing downward momentum.

Arweave (AR)

AR’s worth at press time was $27.18, due to a 209.04% 30-day enhance. Because of the hike, the native token of the decentralized storage community has been capable of transfer as much as quantity 52 in the marketplace cap standings.

From the technical perspective, volatility round AR has been excessive, in response to indications from the Bollinger Bands (BB). This excessive volatility implies that worth fluctuations might be huge. Nevertheless, the token was overbought because the higher band of the BB tapped its worth round $30.

In a extremely bearish situation, AR might slip under the $20 area. Nevertheless, elevated shopping for stress might drive the value greater towards $35. Just like the BB, the Cash Circulation Index (MFI) bolstered the notion that the token had hit overbought ranges.

Subsequently, additional retracement might be doubtless. However, if altcoins start to maneuver greater than traditional, AR might additionally comply with and a return to the upside may happen within the brief time period.

Pepe (PEPE)

As Coin Version not too long ago reported, PEPE’s 178% leap made it the best-performing memecoin within the high 100. At press time, the value of the cryptocurrency was $0.00000271, and not too long ago, it hit an all-time excessive.

Nevertheless, PEPE appeared to be present process a profit-taking interval based mostly on the 4-hour outlook. As an example, the Chaikin Cash Circulation (CMF) had fallen exhausting into the destructive area. This destructive studying implies that there was no extra energy behind PEPE’s earlier uptrend.

As an alternative, the value motion may proceed to pattern downward. If so, PEPE’s worth may nosedive to $0.0000020. A have a look at the Fibonacci retracement confirmed that if promoting stress is intense, the value might fall as little as $0.0000013 the place the 0.618 and $0.786 Fib ranges have been positioned.

Fetch.ai (FET)

FET continued to point out its prowess as one of many high AI-themed cryptocurrencies of this cycle. Within the final 30 days, FET’s worth has elevated by 170.78%. Additionally, the results of this hike meant that the value was now buying and selling above $1.58.

Between February 22 and 28, FET was in a consolidation section as the value struggled to maneuver above $1.19. Nevertheless, bulls discovered help at $1.05 and capitalized on it with elevated shopping for stress.

Because it stands, FET’s worth might rise greater because of the alerts from the On Stability Quantity (OBV). At press time, the OBV studying elevated. Additionally, the Shifting Common Convergence Divergence (MACD) was optimistic, indicating a bullish momentum.

Within the brief time period, FET may cross the $2 mark earlier than the northward motion cools off for some time.

Flare (FLR)

A 100% enhance within the final 30 days implied that Layer 1 token Flare (FLR) traded at $0.04. Nevertheless, the MACD revealed that the bullish momentum had turned bearish because it slid into destructive territory. 

Moreover, the 12-day EMA (blue) had crossed under the 26-day EMA (orange), suggesting that sellers had outpaced consumers’ dominance. Ought to this be the case going ahead, FLR’s worth might drop by 15.62% which might place it at $0.039.

As well as, the RSI additionally fell under the midpoint, confirming the MACD promoting stress sign. Nevertheless, the long-term prospect of  FLR might flip bullish if altcoins start to dominate as BTC falls.