Altcoins Surge as Cryptos Surpass Initial Obstacles

The top-performing altcoins are rising this week as cryptocurrency prices move above the moving average lines.

There is potential for altcoins in bullish trend zones to continue increasing. However, TAO remains confined between the moving average lines.

Pi

Pi (PI) has rebounded above its $0.13 low and broken through the moving average lines. On February 15, the cryptocurrency reached a high of $0.20 before quickly falling below the 50-day SMA support.

On February 17, bullish momentum broke and closed above the 50-day SMA support. PI is now rising. If bullish momentum pushes the price above the $0.20 level, the altcoin could reach a high of $0.28. PI is currently the best-performing cryptocurrency.

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  The current price: $0.1865

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  Market capitalization: $1,681,158,237.93

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  Trade volume: $24,058,667.38

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  7-day gain: 43.27%

Kite

Kite (KITE) price has resumed their upward trend after retracing to a low of $0.235. In the last market movement, the cryptocurrency price was rejected twice at the high of $0.24. On February 18, a long candlestick wick indicated significant selling pressure near the recent peak.

Today, the altcoin is approaching the initial barrier. If buyers break through the $0.24 resistance, the altcoin could reach a high of $0.286. KITE is the second most popular altcoin.

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  The current price is $0.2302.

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  Market capitalization: $414,341,988.62

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  Trading volume: $113,448,899.22

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  7-Day gain: 35.35%

Morpho

Morpho’s (MORPHO) price has risen above its $0.97 low and broken through the moving average lines. The cryptocurrency price is retreating after reaching a high of $1.53. The upward trend will resume if the altcoin retraces and remains above the $1.43 breakout level.

On the upside, the altcoin is expected to surge to a high of $1.66 once it breaks through the $1.50 barrier. The altcoin has retraced and is currently hovering above the $1.40 support. MORPHO is the third-highest-performing cryptocurrency.

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  The current price:  $1.39       

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  Market capitalization: $528,499,928.38

• Trade volume: $21,599,485.66

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  7-day gain: 83.07%

Bittensor

Bittensor (TAO) has recovered in price, although it remains confined between the moving average lines. The momentum broke above the 21-day SMA barrier, reaching a high of $215 before pulling back. The altcoin is now trading above the 21-day SMA support but below the 50-day SMA threshold. The altcoin will trend when either the 21-day SMA support or the 50-day SMA barrier is broken.

Today, the cryptocurrency price has surpassed the 21-day SMA support. TAO will fall to a low of $156 if it loses the 21-day SMA support. When the altcoin breaks above the 50-day SMA, it will continue its upward trend. TAO is the fourth-best-performing cryptocurrency.

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  The current price: $182.36

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  Market capitalization: $1,947,622,817.08

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  Trade volume: $114,933,919.09

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  7-day gain: 24.05%

Cosmos

Cosmos (ATOM) is recovering from the bottom of its chart after breaking above the moving average lines. The price recovered from its low and surpassed the $1.80 support. ATOM surged to a high of $2.50 before pulling back. The altcoin is trading above its moving average lines but below $2.50. If the 50-day SMA support holds, the altcoin’s upward trend will continue. If ATOM breaks below the moving average lines, it will fall to its lowest price. ATOM is the fifth-best-performing cryptocurrency.

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  The current price: $2.31

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  Market capitalization: $1,141,327,676

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  Trade Volume: $112,844,774.88

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  7-day gain: 19.68%

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.