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BeInCrypto takes a look at five altcoins that have risen the most in the entire crypto market this week, especially from January. 13 to 20.

These digital assets stole the show in crypto news and the crypto market:

  1. Frax shares (FXS) the price increased by 53.19%
  2. Decentralized (MANA) the price increased by 42.96%
  3. Convex Finance (CLC) the price increased by 39.98%
  4. Enjin Coin (ENJ) the price increased by 36.47%
  5. Curve CAD Token (HRV) the price increased by 34.35%

FXS Leads Crypto Market Altcoin Winners

Frax (FXS) stock price has been trading below the $7.55 area since May 26. After three failed breakout attempts, it rose above on January 15, hitting a high of $10.67 five days later.

If the upward move continues, the next closest resistance would be at $17.50. If the rally loses momentum, FXS price could pull back into the $7.55 area.

While the IRS is overbought, it has not yet generated a bearish divergence, suggesting that the bullish movement will continue.

Frax (FXS) Stock Price Breakdown
FXS/USDT daily chart. Source: TradingView

MANA struggles with the line of resistance

The Decentralized (MANA) has been rising since hitting a low of $0.28 on Dec. 30. The upward movement was quick and the price reached a high of $0.76 on January 21. However, it was rejected by a descending resistance line (red icon) and has since fallen. It also caused the RSI to plummet and nearly crash below 70.

If the downward move continues, the nearest support zone would be at $0.40. If the MANA Award breaks out of the resistance line, it might reach the $1.12 resistance zone.

Decentralized Resistance (MANA)
MANA/USDT daily chart. Source: TradingView

CVX breaks out of the resistance line

Convex Finance (CVX) price has been rising since January 6th. On January 15, it broke out of a descending resistance line and hit a high of $5.39 the next day. It also pushed the RSI above 70.

If the upward move continues, the closest resistance would be at $5.85. If the rally loses momentum, CVX price could come back and validate the resistance line as support.

Convex Finance (CVX) Altcoin Breakdown
CVX/USDT daily chart. Source: TradingView

ENJ attempts to break above $0.41

The Enjin The price of the coin (ENJ) has increased since December 30. The upward movement accelerated on January 11 and the ENJ Award broke out from both a descending resistance line and the $0.30 horizontal area.

So far, the ENJ price has reached a high of $0.47. However, it created a long upper wick and fell below the $0.41 area. If it manages to break above it, Enjin’s price could rise to $0.55.

If rejected, the price could fall to $0.30.

Enjin Coin (ENJ) Gain Leads Crypto Market Rally
ENJ/USDT daily chart. Source: TradingView

CRV Completes Top Five Altcoin Earners

Curve DAO (CRV) price has been rising since November 22. It created a higher low on December 30 and accelerated its rate of increase thereafter. On January 13, CRV price broke out from both the descending resistance line and the $0.70 horizontal resistance zone.

If the upward move continues, the closest resistance would be at $1.03. A break above could send the price higher towards $1.50.

On the other hand, if the rally weakens, the price of CRV could fall to $0.70.

Curve DAO Token (CRV) Price Breakdown
CRV/USDT daily chart. Source: TradingView

For the latest crypto market analysis from BeInCrypto, Click here.

Disclaimer

BeInCrypto strives to provide accurate and up-to-date information, but it will not be responsible for missing facts or inaccurate information. You comply and understand that you must use this information at your own risk. Cryptocurrencies are highly volatile financial assets, so do your research and make your own financial decisions.



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