September was a comparatively bearish month for the cryptocurrency market. Bitcoin (BTC) decreased by 8%, and solely three tokens posted triple digit charges of improve. This was in stark distinction with August, when greater than ten tokens posted triple digit charges of improve.
The ten altcoins that elevated probably the most throughout September have been:
- Celer Community (CELR) : 196%
- Coti (COTI) : 101%
- DigitalBits (XDB) : 100%
- OMG Community (OMG) : 89%
- Cosmos (ATOM) : 49%
- Algorand (ALGO) : 43%
- Hedera Hashgraph (HBAR) : 27%
- Solana (SOL) : 26%
- Close to Protocol (NEAR) : 25%
- IOST (IOST) : 22%
CELR has been growing alongside a parabolic ascending help line since July 20. This led to a brand new all-time excessive worth of $0.198 on Sept 16.
The excessive was made above the 1.61 exterior Fib retracement resistance stage of $0.155 however beneath the two.61 resistance at $0.24.
Whereas CELR has been dropping since, it’s nonetheless buying and selling above the parabolic help line. Moreover, technical indicators haven’t but turned bearish.
If CELR manages to reclaim the $0.155 space, it could doubtless head in the direction of $0.24.
COTI has been shifting upwards since breaking out from a parabolic ascending help line and validating it as help afterwards on Sept 7 (inexperienced icon).
On Sept 23, it broke out from the $0.48 resistance space and validated it as help. The upward motion continued and led to a brand new all-time excessive worth of $0.68 on Sept 29.
The MACD and RSI are each shifting upwards.
If COTI continues to extend, the subsequent resistance could be at $0.91. That is the 1.61 exterior Fib retracement resistance stage.
XDB has been shifting upwards because the starting of July. On Sept 15, it reached an all-time excessive worth of $0.69. The excessive was made simply above the 4.618 exterior Fib retracement stage when measuring the latest portion of the drop. The extent usually acts as the highest for bullish impulses.
Technical indicators are steadily turning bearish, since each the RSI and MACD are falling, the previous having simply fallen beneath 50.
If XDB continues falling, the closest help could be at $0.28. That is the 0.618 Fib retracement help stage and coincides with an ascending help line in place because the July lows.
OMG has been growing alongside an ascending help line since July 20. On Sept 6, it reached a excessive of $10.30 however failed to interrupt out above the 0.618 Fib retracement resistance stage at $10.60.
After making a number of unsuccessful makes an attempt, it lastly broke out on Sept 30. The breakout is supported by each the RSI and MACD, that are growing.
The subsequent resistance space is at $15.33.
ATOM has been growing alongside a parabolic ascending help line because the June 21. The upward motion led to a brand new all-time excessive of $44.80 on Sept 20.
The excessive was made on the 1.61 exterior Fib retracement stage (black) and the 1.61 size of waves 1-3 (orange). It is a doubtless stage for the upward motion to be concluded in.
Moreover, ATOM appears to be within the strategy of breaking down from the parabolic ascending help line, which might verify that the upward motion has ended.
ALGO has been growing since breaking out from a descending wedge on Aug 8. The upward motion has adopted an ascending help line.
On Sept 13, ALGO reached an all-time excessive of $2.55. The excessive was made simply above the 1.61 exterior Fib retracement resistance stage. Since then, the token has been shifting downwards and has damaged down beneath the $1.80 horizontal space.
The closest help space is at $1.30, coinciding with the ascending help line.
HBAR has been growing since breaking out from a descending parallel channel and validating it as help on Sept 7 (inexperienced icon). This led to a brand new all-time excessive worth of $0.574 on Sept 16.
HBAR has been shifting downwards since, in a lower that can also be supported by the falling MACD.
It has presently bounced on the 0.618 Fib retracement help stage at $0.30, and is probably starting a short-term upward motion.
Nonetheless, it’s potential that the longer-term pattern has turned bearish.
SOL has been shifting upwards since June 2. The upward motion accelerated in July and the token reached a brand new all-time excessive worth of $216 on Sept 9.
Equally to XDB, the excessive was made very near the 4.61 exterior Fib retracement stage, which frequently acts as the highest for upward actions.
Subsequently, it’s potential that the upward motion for SOL has concluded.
NEAR has been growing since July 21. On Sept 7, it broke out from the $7.40 resistance space and proceeded to succeed in an all-time excessive of $11.88 on Sept 9.
Nonetheless, the token has been shifting downwards since and has fallen beneath the $7.40 space, which was anticipated to behave as help.
The subsequent closest help space is at $5.50. That is each the 0.618 Fib retracement help stage and a horizontal help space.
Each the RSI and MACD are shifting downwards, supporting the continuation of the downward motion.
IOST has been growing alongside an ascending help line since July 20. This led to a excessive of $0.087 on Sept 9.
The token has been reducing since, in a downward motion that’s supported by the falling MACD and RSI.
Nonetheless, it has reached the ascending help line as soon as extra. So long as the help line is in place, the bullish construction stays intact.
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