The crypto market saw major volatility this week as Bitcoin rose to $107,000. This move caused some to face champions while others emerged as top performers, generating impressive profits for investors.
Beincrypto has identified three notable altcoins that ranked among the week’s biggest gainers and explores what investors can expect next.
Gatetoken (GT)
GT saw a 23% rally this week, hitting a new all-time high of $25.96 during the latest intraday session. This consistent upward momentum has captured investor attention, positioning AltCoin as one of the top performers in the current market.
Despite the occasional bearish market signals, GT has yet to experience a sharp correction. This resilience reflects strong investor confidence and bullish sentiment surrounding the token. If this momentum continues, GT could extend its rally and achieve more milestones in the coming days.
However, significant gains could lead to a decline, as Altcoin tests crucial support at $19.89. A drop below this level could invalidate the bullish outlook and increase downward pressure.
Kucoin Token (KCS)
KCS has seen a 16% rally this week, with most of the gains occurring in the past 72 hours. AltCoin is currently trading at $13.12, reflecting growing investor interest and strong momentum as it seeks to maintain its recent rally.
Altcoin recently breached the $13.74 resistance level after establishing strong support at $12.47. If the bullish momentum continues, KCS may close above this barrier, paving the way for further gains.
However, the current price falling below $12.47 could lead to a drop to $11.52. Such a move would invalidate the bullish outlook, erasing recent gains and indicating potential bearish sentiment.
Official Trump (Trump)
Trump cemented his position as one of the most important and trending symbols of the week, posting an impressive 112% rise. This increase reflects strong investor interest, supported by market sentiment and recent developments of the token, keeping it in the spotlight among coins.
Despite its overall growth, Trump has seen some fluctuations and is currently trying to reclaim the $30 support level. Flipping $34 to support could help it recover recent losses and maintain its upward trajectory. This move would signal renewed momentum, encouraging further investment in the token.
However, trading at $27.46, Trump faces downside risks. If it loses the crucial support at $26.09, the token could fall to $21.04. Such a pullback would invalidate the bullish outlook, raising concerns about continued downside momentum.
Disclaimer
In keeping with Project Trust guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeinCrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always do your own research and consult with a professional before making any financial decisions. Please note that the Terms and Conditions, Privacy Policy and Disclaimer have been updated.
