Several altcoins, including Aptos, Mina, Celestia, Chiliz, and Sei are showing strong price increases and a decoupling from Bitcoin's performance.
Aptos and Mina are the top performers and are showing strong price increases above all others.
Aptos, Mina, Celestia, Chiliz, and Sei's performance depends on their ability to overcome specific resistance levels.
If these cryptocurrencies successfully break through, they could rally strongly this week.
The crypto market has experienced severe ups and downs over the last week but has remained stable, with a market cap of $2.2 trillion.
Bitcoin now trades strongly above the $62,000 mark with Ethereum just underneath $2,500.
The crypto heatmap
The altcoin market, in particular, shows signs of decoupling from Bitcoin, with certain cryptocurrencies showing signs of bullish action.
Here are some of the best cryptocurrencies to watch out
According to data from CoinMarketCap, Aptos is wildly bullish on the daily timeframe, with an 18% price increase over the last 24 hours.
This makes it the best-performing asset among the top 100 at the time of writing.
Aptos’ performance
This bullishness is also reflected in the ongoing 14.38% price increase over the last week.
The charts show that Aptos hit a yearly low of $4.28 on 5 August, and has been trending upwards ever since.
This uptrend has allowed the cryptocurrency to easily break above the major 78.6% Fibonacci level around $7.51 as illustrated below.
Apros’ price performance
At the time of writing, Aptos is now attempting to break above the next FIB level (61.8%) around $10.05.
The $10 mark which also serves as a psychological resistance, will be important for how Aptos performs this week.
If we see a break and close above this price level, the resulting rally will likely cause a retest of $11.8, $13.61, or even as high as the $15.82 price level.
Mina is also a top performer according to CoinMarketCap, and is up by an impressive 12.3% on the daily timeframe at the time of writing.
Price action on Mina
The cryptocurrency is bullish on the weekly timeframe as well, with a 12% price increase.
According to the charts, the reason for this bullishness is that the cryptocurrency is attempting to break above an important resistance.
This resistance is designated as the $0.62 price level by the Fibonacci retracement tool.
After a failed attempt at breaking above on 29 September, Mina appears to be taking another shot.
Price outlook on Mina
Just like the outlook was with Aptos, Mina’s price action this week will depend on its ability to break and flip the $0.62 price level into support.
If this breakout occurs, we should see a price rally towards the $0.86 price level or even the psychological $1.
Celestia is another top gainer according to CoinMarketCap, with a 9.13% price increase over the last 24 hours.
The cryptocurrency is also up by around 15% over the last week, which again, makes it a top performer.
Celestia’s price performance
The charts show a number of things. The first is that one of the first major barriers to Celestia’s price action is currently the 99-day EMA around the $5.833 price level.
The second is that the cryptocurrency is in a small uptrend, after hitting the $3.937 low on 6 September.
Price outlook on Celestia
This said, Celestia's price action will depend largely on its ability to break above its previous local high of $6.9 on 24 September.
If this breakout happens this week, we should see a retest of the $7.6 resistance.
A breakout above this price level would give the bulls some much-needed momentum for retesting the psychological $10.5 price level.
Chiliz is another top gainer according to the charts, with a 14% price increase over the last 24 hours.
Chiliz’s price performance
On the weekly timeframe, we also have a more impressive 26.2% price increase.
This shows a great deal of presence from the bulls and an impressive start to the week.
In the charts, the immense bullish action is happening because Chiliz is attempting to break above the $0.0786 resistance.
Price outlook on Chiliz
A break and close above this price level this week, would likely result in a retest of the $0.09 price level.
If the bulls keep up this momentum, we should finally see a rally and retest of the $0.1 price level or even higher.
Sei is also a top gainer on all timeframes. CoinMarketCap data shows that the cryptocurrency is trading with a near-9% rally over the last 24 hours since writing.
Price action on Sei
On the weekly timeframe, the cryptocurrency has an even more impressive 18% price increase.
According to the charts, the cryptocurrency has just rebounded off the psychological $0.4 support with a double-bottom formation.
Price performance on SUI
This indicates increased odds of a rally this week and a possible retest of the next strongest resistances around $0.5644, $0.6751 and $0.7858.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.