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BeInCrypto looks at five altcoins that increased the most in this weeks crypto market, specifically from April 21 to 28.

The term altcoin refers to cryptocurrencies other than Bitcoin (BTC). These bullish altcoins have stolen the crypto news and cryptocurrency market spotlight this week as the biggest gainers:

The RNDR price broke out from the $2.15 horizontal resistance area on April 26, reaching a new yearly high of $2.55 two days later. Due to the lack of overhead resistance, the price action suggests that the upward movement can accelerate further.

If it does, the next closest resistance area will be at $3.80.

However, if the rally loses momentum, RNDR could fall back to the $2.15 horizontal area, which is now expected to provide support.

The CRO price has increased alongside an ascending support line since the beginning of the year. More recently, it bounced at the line on April 24 (green icon).

The price successfully broke out from the $0.073 resistance area on April 27. Now, the area is expected to provide support.

If the increase continues, CRO could reach the next resistance at $0.086. However, if the rally loses steam, CRO could drop to the $0.073 area, which is now expected to provide support.

The INJ price has increased inside an ascending parallel channel since the beginning of the year. An ascending parallel channel is a type of corrective pattern in which the price bounces between two parallel lines before eventually breaking down most of the time.

However, the fact that the price keeps trading in the upper portion of the channel by bouncing at its midline (green icon) makes a breakout slightly more likely.

If the price gets rejected at the channels resistance line, it could fall to the midline again. However, if a breakout above the resistance line transpires, an increase to $15 could follow.

The EGLD price has decreased under a descending resistance line since Feb. 13. More recently, EGLD made a breakout attempt on April 27.

However, that was unsuccessful, and the price created a long upper wick. This is a bearish signal since it means that the buyers were not able to sustain the price. Rather, sellers took over and pushed it down.

If a breakout occurs, EGLD could increase to $50. However, if the line causes another rejection, a drop to $38 will be on the cards.

Concluding the list of bullish altcoins this week, Woo Netrowrk wraps up the list. Similarly to INJ, the WOO price has traded inside an ascending parallel channel since the beginning of the year.

The price was rejected by the channels resistance line on April 15 and has fallen since.

However, WOO bounced at the $0.26 horizontal support area on April 24 (green icon) and began an upward movement.

If the increase continues, WOO can reach the channels resistance line at $0.36. However, if the rally loses momentum, WOO could fall to the $0.26 area again.

For BeInCryptos latest crypto market analysis,click here.

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions.

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Top 5 Bullish Altcoins That Dominated This Week - BeInCrypto

In a recent analysis, crypto analyst and famous host of Crypto Banter Jonathan Fiorenza shares valuable insights into the current state of the crypto market, particularly focusing on Bitcoins resilience and the potential for an altcoin season.

With a macro perspective in mind, the expert examines Bitcoins price action, providing traders with key levels to watch and potential trading opportunities.

Jonathans analysis underscores the robustness of Bitcoins price movement in the current market cycle. Despite the ever-changing dynamics and comparisons to previous cycles, Bitcoin has demonstrated remarkable strength, firmly holding above a crucial diagonal support level.

Related: Will Bitcoin (BTC) Price Hit $20K Or $40k ? Michael Van De Poppe Maps Bullish and Bearish Targets Coinpedia Fintech News

Traders who heeded Jonathans earlier advice regarding a specific trading zone referred to as the blue box would have enjoyed profitable long positions. The analyst advises the traders to exercise caution as the market approaches resistance levels and suggests securing some profits in anticipation of potential market fluctuations.

Jonathan delves into the world of altcoins, offering a perspective on their performance and the potential for an altcoin season. While altcoins have shown pumps in USD terms, the expert notes that they have struggled to exhibit strength against Bitcoin.

More Insights From Fiorenza: Top Altcoins For A Winning Portfolio: High And Medium Risk Strategies Coinpedia Fintech News

He advises traders to exercise selectivity when it comes to altcoin trading, focusing on strong candidates rather than opting for a broad approach. Jonathan analyzes the ETH/BTC pair as a significant indicator, highlighting bearish rejections at a particular orange trendline.

This indicates the challenge altcoins face in outperforming Bitcoin. He advises traders to carefully monitor key levels for potential bounces or shorts, recognizing the importance of strong altcoin candidates that can hold their ground against Bitcoin.

Read more:
Top Expert Highlights Bitcoins Resilience and Altcoin Season Possibilities - Coinpedia Fintech News

The crypto winter might be finally coming to an end. Many coins have rallied in the past few days thanks to reduced inflation and stabilizing economic conditions. While some of the coin rallies we are seeing are temporary dumps, there are a few projects that are making real progress like Uniswap (UNI) continue to dominate on-chain altcoin activity as many altcoins fall away.

Ethereum (ETH) continues to maintain its lead as the number one altcoin on the market. Furthermore, all eyes in the crypto community remain fixated on Sparklo a project thats dedicated to reinventing how individuals invest in precious metals.

According to Dune analytics, Uniswap (UNI) surpassed 1.5 trillion dollars in all-time trade volume. This confirms that Uniswap (UNI) remains one of the worlds most active crypto trading platforms. Uniswap (UNI) trading activity has steadily increased over the past few years.

As a result, the company has also released some changes to contend with the activity on the trading platform. Recently, Uniswap (UNI) launched its self-custodial wallet which is not a common move for crypto trading protocols.

The network had faced concerns from investors that its blockchain wasnt doing enough to protect members of their community. In addition, one of the leading cyber security firms, PeckShield, had warned of an impending phishing attack targeted at Uniswap (UNI) users.

Ethereum (ETH) remains one of the most active networks in the cryptocurrency industry. However, the hype around the Ethereum (ETH) blockchain increased in the past couple of weeks with the Shapella upgrade that would allow withdrawals for Ethereum (ETH) stakers. Since the upgrades launch, 1.7 million Ethereum (ETH) tokens have been withdrawn, while 650,000 have been deposited.

Ethereum (ETH) had the reputation as the most active blockchain but as the staking feature has been added, its number of investors and community members is set to keep growing. The network activity on Ethereum (ETH) isnt slowing down anytime soon meaning its dominance is set to continue for a long time

Sparklo is dedicated to easing the trade and investing in precious metals. Usually, the silver and gold investment sector is plagued by many problems, including high fees, large capital, storage space, etc.

Sparklo uses blockchain technology to make investing in this asset class more straightforward and accessible to beginner and expert investors. One of the main benefits of Sparklo is the reduced cost of investing in rare stones like silver and gold. Sparklo relies on fractional NFTs that allow users to buy fractions of the precious metals in Plaskos portfolio.

Unlike traditional settings where investors would have to buy a whole gold or silver bar, Sparklo would allow people to invest whatever amount they have, and their stake would be represented by NFTs. Users will be free to trade Sparklo NFTs, thus allowing users to buy or sell their investment portfolios. In addition, Plasko offers coin staking with incredible benefits.

Asides from lucrative interest rates, Sparklo also offers investors unique benefits for belonging to the Sparklo community. Even more importantly, Sparklo provides access to rare precious metals across several countries.

Sparklo seems like one of the best projects you can invest in. This is a great time to become a part of the project because it costs only a meager $0.015. If you want to join Sparklos presale, follow one of the links below.

Buy Presale: https://invest.sparklo.finance

Website: https://sparklo.finance

Twitter: https://twitter.com/sparklo_finance

Telegram: https://t.me/sparklofinance

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosurehere.

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Uniswap (UNI) and Ethereum (ETH) Dominate Altcoin Trade Activity ... - The Merkle Hash