Top 3 Altcoins for the Third Week of September: The Biggest Gainer Has the Weakest Chart

Bitway (BTW), Venice Token (VVV), and Filecoin (FIL) posted the largest seven-day positive factors amongst the prime 100 property. However, the prime 3 altcoins of the week share virtually nothing past their place on the leaderboard.

BTW leads with a 43.2% weekly acquire, but its chart carries the weakest affirmation of the three. FIL gained the least, however its assist sits closest and its quantity is the strongest.

Top 3 Altcoins: Bitway (BTW) Stalls After a 43% Weekly Run

BTW trades close to $0.70 after gaining 43.2% over seven days. Bitway runs a proof-of-stake chain known as Bitway Ledger, the place BTW serves as the gasoline and governance token.

The day by day chart reveals a rejection at resistance between $0.75 and $0.78. Today’s candle swung 46% between its low at $0.5439 and its high at $0.7944.

Meanwhile, quantity behind the September breakout stayed beneath the ranges recorded in June and July. Fading participation has flagged fragility in different altcoins this 12 months.

RSI additionally reveals the first bearish divergence of the run. Price climbed roughly 75% from mid-August, whereas RSI slipped from about 85 to the low 70s.

Key assist sits at $0.48, some 31% beneath the present value. A deeper correction may carry $0.15 again into play.

Venice Token (VVV) Retests Its Previous Record High

VVV trades close to $22.33 after a 33.5% weekly acquire. The token has corrected 26.7% from its September 9 report high at $29.288.

That decline stops exactly at the earlier report high from June 3 at $21.469. In addition, the 0.236 Fibonacci retracement at $22.806 reinforces the similar zone.

Today’s session examined the stage straight. Price opened at $21.463, dipped to $21.191, then recovered above the band.

RSI sits close to 60 with no bearish divergence. However, the rally legs between report highs are shrinking, from 115.6% to 36.4%.

Filecoin (FIL) Tests $1 on the Strongest Volume

Filecoin trades close to $0.99 after climbing 61.3% from its August 18 low at $0.6095. Daily turnover reached $420 million in opposition to an $823 million market cap.

That 51% ratio is the highest amongst this week’s leaders. Therefore, the advance carries way more affirmation than the different two.

Price cleared $0.80, which aligns with the 0.236 Fibonacci retracement. It then tagged $1.0370 right now earlier than easing again.

The 0.5 retracement at $0.9668 now acts as speedy assist. Above it, the subsequent resistance sits at $1.0511.

What Separates the Top 3 Altcoins This Week

Weekly efficiency and chart high quality moved in reverse instructions. BTW gained the most, but its nearest assist sits 31% away on falling volume.

FIL gained the least, however assist sits below 2% beneath and turnover confirms the transfer. VVV holds the center floor, testing a stage that has already held as soon as earlier than.

The submit Top 3 Altcoins for the Third Week of September: The Biggest Gainer Has the Weakest Chart appeared first on BeInCrypto.