GALA and Lido. Who else from altcoins got lucky this week

The editors of BeInCrypto compiled a top list of altcoins that showed the maximum gain for the week from January 6 to 12. In addition to GALA and Lido, the list of these altcoins includes: Gala (GALA) +126.54% Aptos (APT) +68.68% Lido DAO (LDO) +58.67% Ziliqa (ZIL) +39.45% Optimism (OP) +36.59% GALA in the forefront of successful altcoins As the results of technical analysis show, the price of GALA has been declining since the beginning of May, moving along a descending resistance line. As a result, on December 30, the market formed a low of $0.015. After that, the price went up. On Jan. 9, GALA peaked at $0.05 but bounced off the descending resistance line and the $0.05 resistance area (red icon). Then the coin began to decline. The further direction of the trend will depend on whether the market manages to make a bullish breakout of this resistance zone.. If successful, the coin could reach highs around $0.070. Meanwhile, a failure could prompt a retest of the $0.027 support area. Source: TradingView APT broke through the resistance Aptos APT blockchain token broke through the descending resistance line on January 8. After that, the price accelerated its growth rate and broke through the $5.20 resistance area.. On January 12, the market turned this area into support (green icon). If the uptrend continues, the next resistance will come into play at $8. On the other hand, a close below $5.20 could lead to a sharp drop and a retest of the $3.50 level. Source: TradingView LDO trades in important range We recently reported that Lido coin (LDO) led the token rally of liquid staking platforms. As a reminder, Lido has been the most popular staking solution for a long time.. Earlier, the editors of BeInCrypto published detailed instructions on how to stake Ethereum on Lido On November 9, the LDO rate tested the strength of the descending resistance line broken from the bottom up. The market also tested the $0.92 area as support (green icon). On December 22, the price rebounded from this level again, forming a double bottom. After that, LDO rose and broke through the $1.73 resistance area in the process.. This happened on January 8, and four days later, the coin tested this area for strength as a support. Now trading is in the range between $1.73 and the Fibo level of 0.618 correction at $2.26. The further direction of the trend may depend on which of these levels will be broken first.. A bullish break would send Lido up towards $3.10, while a bearish break could send Lido down towards $0.90. Source: TradingView ZIL has reached important resistance ZIL has been rising since December 30. On January 9, the price peaked at $0.027. However, it failed to break through the descending resistance line, which has been present on the chart since May.. Coin rebounded from here and formed a long top wick (red icon). Now ZIL is trying to attack this barrier again. In the event of a successful breakout, the market will face key resistance at $0.032. Previously, this area for a long time acted as a support. Therefore, its bullish breakdown is necessary in order for the trend to begin to be considered bullish. Meanwhile, a rebound from this line may cause a fall in the direction of the 0.618 Fibo level of correction at $0.020. Source: TradingView OP is up 65% in 15 days Rounding out this week’s top altcoin list is the Optimism OP project coin, which is an Ethereum second layer solution. The price has been growing along the ascending support line since October 20. On December 29, the market bounced off this line and launched a bull run.. Since then, the OP price has risen by 65%. Now it is trying to break above the $1.44 horizontal resistance area.. If he succeeds, the next resistance will come into play at $2.. If there is a rebound, then the price may fall in the direction of the ascending support line by $1. Source: TradingView Earlier, BeInCrypto discussed whether the recent sharp rise in the price of Bitcoin (BTC) can be considered the beginning of a bullish trend. Disclaimer All information contained on our website is published on the principles of good faith and objectivity, and for informational purposes only.. The reader is solely responsible for any actions taken by him on the basis of information received on our website.