Top Five Crypto Altcoin Gainers of October 2021
- SCRT has been rising exponentially for a week.
- After hitting a new high, CRV tested prior resistance around $4.20.
October was a great month for cryptos. On October 20, Bitcoin (BTC) climbed by 32% to a new all-time high, while six altcoins soared by 100%, led by Shiba Inu (SHIB). Let us take a look at the top five cryptocurrencies that grew the most in October.
Shiba Inu (SHIB)
SHIB has been rising since early October. It’s increased since October 23. SHIB surged by 217 percent in only four days. But a major Fib resistance level at $0.000088 denied it. As of now, it is 4.618 External Fib Retracement Level. It acts as a local top during an upward movement. For October, the price surged 1005%.
It also corresponds with the 1.61 external Fib retracement level of the last dip from the May high. Finally, the volume has decreased since the start of the pump, indicating a slowing upward trend.
Secret (SCRT)
SCRT has been rising exponentially for a week. On October 28, it surpassed the $10 mark for the first time. Between $13.90 and $14.25 is the next resistance zone. Because both levels have a similar target, the region should be resistant. For October, the price surged 350%.
Frax Share Price (FXS)
Since October 20, FXS has risen rapidly. However, the current price is at the last resistance level before an all-time high of $14.80. On October 26, this resistance region rejected FXS, forming a lengthy upper wick. However, it is presently attempting a second breakout.
If successful, the next resistance is at $24.90. The last dip was measured at a 1.61 external Fib retracement barrier. For October, the price surged 224%.
Fantom (FTM)
Like SHIB and FXS, the FTM surge intensified on October 22. On October 26, FTM was rejected at $3.45 by the 2.61 external Fib retracement.
It regained its balance and tried again but failed. If a breakthrough happens, $4.41 would be the following resistance. While 3.61 external Fib retracement resistance level for the latest dip. For October, the price surged 195%.
Curve DAO Token (CRV)
CRV has been rising rapidly since October 22, when it broke out of a declining resistance line. This signalled the conclusion of the previous all-time high correction.
After hitting a new high, CRV tested prior resistance around $4.20 and found support. On October 28, it hit another all-time high before reverting to support. At $6.85, resistance is encountered. Moreover, 1.61 external Fib retracement level is for the last decline. For October, the price surged 120%.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
