The editors of BeInCrypto compiled a top list of altcoins that showed the maximum increase for the week from April 7 to April 14
Woo Network (WOO) at the forefront of successful altcoins
According to the results of the technical analysis of the daily chart, the WOO rate has been rising since April 9.
On April 14, the price broke the $0.26 horizontal resistance line and formed a large bullish candle.
If the rise continues, the next resistance will come into play around $0.39, which is 38% above current price levels..
The daily RSI, which moved above the 50 mark, also supports the growth.
If the rally loses momentum, WOO could return to the $0.26 support level.
Arbitrum (ARB) is approaching an all-time high
The Arbitrum project token showed a fighting spirit this week. On April 13, the price broke through the $1.27 resistance area and peaked at $1.59 the next day, getting very close to all-time highs.
If the growth continues, the ARB may move towards the Fibo level 1.61 of the external correction at $1.66 (white color). This will mark a new all-time high.
However, the loss of bullish momentum could cause the price to drop to support at $1.43.
Render Token (RNDR) broke through the resistance line
Render Token price soared earlier this year on AI and chatGPT hype. In February, asset quotes sank noticeably. However, a month later, large holders again reminded of themselves.
The RNDR course broke through the descending resistance line on April 10. This breakout was also supported by the rise of the RSI above 50 (green circle).
Two days later, the token hit a high of $1.70. It is currently trading below the $1.70 horizontal area and the Fib level resistance.
In case of a bullish breakout, RNDR could reach the next resistance at $2.15. In the meantime, a price rebound may cause it to draw down to the $1.10 level.
Solana (SOL) is approaching resistance
SOL is a native token of the Solana blockchain, created by Anatoly Yakovenko. It uses a unique consensus mechanism that is a combination of Proof-of-Stake (PoS) and Proof-of-History (PoH) algorithms.
The SOL rate has been growing since March 10. On April 9, it formed a rising low, after which it accelerated the growth rate.
Now the price is approaching the $26 resistance area. Its breakdown will aim the bulls at $36.
However, in case of a rollback, a fall to the $20 support level is likely.
Injective (INJ) also took an important barrier
The INJ token closes the top list of altcoins of the week. It has been rising since the break of the rising resistance line and turning into support on April 6 (green icon).
After that, the pace of growth accelerated, and on April 12, the market broke through the $6.50 resistance area.
Continued growth will bring into play the next resistance at $9.80. Meanwhile, a price pullback could prompt a retest of the $6.50 area.