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Reading: Coinidol.com Weekly Cryptocurrency Market Analysis: Altcoins Rise as Cryptos Converge in a Positive Trend Zone
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Altcoins

Coinidol.com Weekly Cryptocurrency Market Analysis: Altcoins Rise as Cryptos Converge in a Positive Trend Zone

Last updated: January 14, 2026 10:55 pm
Published: 4 months ago
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The top-performing altcoins have recovered and entered the bullish trend zone.

As altcoins continue to rise, they face initial challenges. The bullish momentum will continue if prices remain above the moving average lines.

Monero (XMR) has rebounded and broken through the $500 barrier.

Previously, the price had formed a series of higher highs and higher lows before rebounding. On December 20, 2025, the bullish trend was halted at the $500 barrier, resulting in a horizontal trend. On June 11, bullish momentum breached the $500 barrier, reaching a high of $668 before pulling back. All indications suggest the upward trend will continue to the high of $729. XMR is the top-performing cryptocurrency.

Story (IP) has rebounded above the 50-day SMA support after retesting it. Following its decline to a low of $1.42, buyers purchased the dips as the altcoin rose above the moving average lines. The price pulled back above the 50-day SMA support before rebounding. The rising trend reached a high of $3.17. The bullish momentum has paused due to the barrier at $3.00. This barrier has not been broken since November 26 2025.

IP will reach the next barrier at $4.18 if buyers overcome the current resistance level. Story is the second-best-performing cryptocurrency and possesses the following characteristics.

The MYX Finance (MYX) price has recovered above the moving average lines, reaching a high of $7.19. The cryptocurrency previously fell to $2.05 and then moved sideways. Before its resurgence, the altcoin had been consolidating above the $2.00 support.

Today, the price rise was halted after reaching $7.19. MYX is now trading above the moving average lines but below the resistance level of $7.00. If the current resistance is breached, the cryptocurrency could surge to $17.28. MYX is currently the third most popular altcoin.

Dash (DASH) has recovered from its downturn, with the altcoin rebounding and breaking above the moving average lines. The upward trend peaked at $69 before declining. Since November 27, the uptrend has reversed from the $70 barrier. If DASH falls from its current high, it will likely trade in a range above the moving average lines. If the current barrier is broken, the uptrend could continue to $100.

The Chiliz (CHZ) price has recovered from the bottom of its chart. The cryptocurrency rebounded from its low of $0.026 and broke above the moving average lines, reaching a high of $0.053. The price has surpassed the initial barrier of $0.045.

On the upside, bullish momentum is likely to continue until $0.066. If CHZ falls below its recent high, it will be forced to trade in a range. CHZ is currently the fifth-best-performing cryptocurrency.

Read more on coinidol.com

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