Source: Coin Edition
- The top performing alternative cryptocurrencies this week are MATIC, LUNC, and SOL.
- The MATIC price is planning a move to 1.3826.
- LUNC and SOL are making an effort to sustain their recent uptrends.
Polygon (MATIC), Terra Classic (LUNC), and Solana (SOL) are this week’s top three Best Performing Altcoins. Take a look at the weekly price changes and updated projections for each asset type below.
Polygon (MATIC)
Since the beginning of the week, the price of MATIC has increased by 23.59%, according to CoinMarketCap, despite a daily decline of 5.29%. Thanks to this, MATIC is now trading at $1.15. MATIC’s price has dropped by 4.15% and 2.93% compared to Bitcoin (BTC) and Ethereum (ETH), the two market leaders in the cryptocurrency space.
Once again, MATIC’s price has broken through key resistance, this time at $0.9792, and is now heading higher, towards $1.3826. If MATIC is able to overcome resistance here, the next objective is set at $1.7523.
Terra Classic (LUNC)
Over the past seven days, LUNC has appreciated by 4.67%. The price has dropped by 4.92% in the previous day. With this week’s price change, LUNC can be purchased for $0.0002478. Over the past day, LUNC has lost 3.98 percent of its value against BTC and 2.75 percent of its value against ETH.
LUNC is trying to rise above its 20 and 50 day moving averages. To the downside, the 50 EMA has recently moved above the 20 EMA line. As the gap between them continues to shrink, however, the two lines appear to be crossing bullishly. If this occurs, the price of LUNC may rise to $0.00030811.
Solana (SOL)
The price of SOL has increased by 2.32% in the most recent 24 hours, and by 8.30% over the past 7 days. At the time of this writing, the price of SOL has increased to $35.79 due to this news. Within the same time frame, SOL has gained 3.49 percent against BTC and 4.71 percent against ETH.
On a weekly basis, SOL is testing the $37.74 resistance level. In the event of a successful challenge, the price of SOL would increase to $45.76. The crossing of the 9-week EMA above the 20-week EMA indicates a shift to the new level.
Disclaimer: This isn’t financial advice; it’s just for education. Crypted Crypto can’t guarantee its accuracy. Every investment and trade carries some risk, so always do your own research. Invest only what you can afford to lose.
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