Three altcoins enter the weekend near record highs (ATH), led by LEO Token, which is very close to a new peak. WhiteBIT Coin and Rain complete the list selected for one rule, close to normal.
The selection follows the entries made at the end of last week. These are large and medium-sized funds that are close to their previous peaks, while the Fibonacci levels set an upward path and support that will prevent any establishment.
LEO Token Stays Close to New Record
LEO Token (LEO) trades around $9.80, down about 0.2% on the day. That price is about 7% below its record $10.57, the smallest difference in the list.
On the daily chart, the price moved up from the 0.236 Fibonacci retracement near $9.46. It is now testing the biggest shock since June 15, before the last crisis was recorded.
A clean break above that level would open the way to a new high. The price of BeInCrypto shares predict it also shows the stability of the signal.
If the move is not there, the 0.382 Fibonacci level near $8.88 indicates a correction target. Declining volume confirms accumulation, while the RSI reads around 65 and continues to rise.
WhiteBIT Coin Tracks to $64 After Channel Reclaim
WhiteBIT Coin (WBT) tells the story of volatility. The stock traded near $55.66, down about 0.8%, and is about 13% below its December record of $64.11.
The price has decreased due to the increase way on May 27, then bottomed out on June 5. Since then, buyers have driven two lower levels.
The currency is now at the 0.618 Fibonacci level near $55.93 and faces a strong resistance at $58. That level corresponds to the lower group of the broken channel.
The RSI remains near neutral at 55, and volume continues to cool. A retracement of $58 would pave the way for a December peak, although the record dates back seven months.
Rain Needs $0.0147 To Repeat Contest
RAIN qualifies as a closer, but its chart appears to be the weakest of the three. The token is trading near $0.0141, down about 0.5%, and is about 13% below its June 22 record of $0.01614.
The price has just been rejected near $0.0147. It is now moving to support at the 0.382 Fibonacci level near $0.01259.
The same icon is displayed already and they still sell until a week later. Momentum has cooled, with the RSI neutral at 42 and turning south.
Volume has also declined since early June, a sign of low volatility. An assured return of $0.0147 would revive the record push.
What to Watch This Week
Each implementation now leans on one level. LEO needs to clear the June 15 swing, WBT needs to bounce back to $58, and RAIN needs to bounce back to $0.0147 to support it.
The breakdown of those parts can confirm any idea and point to a part of the writing. The failure may also provide opportunities for sellers coming into next week.
Greater conditions are still important, viz Bitcoin it works through its late phase. A weekend risk move could give all three altcoins what they need.
A note 3 Altcoins That Can Arrive New Every Weekend appeared for the first time BeInCrypto.
