Price Prediction for September 23: XRP, ALGO, CHZ, COMP, and APE

The altcoins below are staging a few strong rallies this week despite the bearish trend. XRP, ALGO, and CHZ are the strongest altcoins as they stage new rallies. COMP and APE are in a sideways trend as they struggle to break their respite overhead resistance. Let us discuss the strongest altcoins for the week.


XRP
Ripple’s (XRP) price is in an uptrend as price breaks above the moving average lines. The cryptocurrency has regained bullish momentum as bulls broke the overhead resistance at $0.41. XRP has retraced above the $0.45 support because of initial resistance at $0.55.

The uptrend will resume if price breaks above the $0.55 high. Meanwhile, on September 23 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement suggests that XRP will rise to level 2.0 Fibonacci extension or $0.73 high. The altcoin is above the 50% range of the daily stochastic. It indicates that the market is in a bullish momentum. It is the strongest altcoin for the week. It has the following characteristics:

The current price: $0.5034
Market Capitalization: $50,340,460,325
Trading Volume: $6,815,129,763
7–day Gain/Loss: 44.67%


Algorand
Algorand (ALGO) is in an uptrend as bulls break above the moving average lines. The cryptocurrency rallied to the high of $0.41. ALGO has regained bullish momentum as buyers overcome the resistance at $0.38.

The current uptrend is facing rejection at the $0.40 high. The  uptrend will resume if price breaks above the resistance at $0.40. Meanwhile, on September 22 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement suggests that ALGO will rise to level 1.618 Fibonacci extension or $0.43 high. Algorand is at level 64 of the Relative Strength Index for period 14. It indicates that the crypto is in the uptrend zone and may further rise. However, it is the second strongest altcoin for the week. It has the following features:

The current price: $0.3919
Market Capitalization: $3,919,613,381
Trading Volume: $401,476,199
7–day Gain %: 28.78%


Chiliz
Chiliz (CHZ) price is in an uptrend as price makes a series of higher highs and higher lows. The altcoin rallied to the high of $0.26. The current uptrend has been stuck since August 23 but it has retraced above the moving average lines. On September 22, buyers retested the resistance at $0.26 but could not breach it.

Meanwhile, on the August 17 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement suggests that CHZ will rise to level 1.618 Fibonacci extension or $0.29 high. Meanwhile, CHZ is above the 80% range of the daily Stochastic. It indicates that the altcoin has reached the overbought region of the market. Sellers will emerge in the overbought region to push prices down. It is the third strongest altcoin for the week. It has the following characteristics:

The current price: $0.2621
Market Capitalization: $2,329,345,840
Trading Volume: $591,773,071
7–day Gain/Loss: 23.20%


Compound
Compound (COMP) price is in a sideways move since June 25. The cryptocurrency has been fluctuating between $44 and $65 price levels. Buyers have made four unsuccessful attempts to break the resistance at $65.

Today, COMP is facing rejection as it retests the resistance at $65. On the upside, the altcoin will further rise to the high of $75 and $95 if the current resistance is breached. Today, the range-bound move may resume as the altcoin faces rejection at the recent high. It is at level 62 of the Relative Strength Index for period 14. It indicates that COMP is in the uptrend zone and may further rise. It is the fourth-strongest altcoin for the week. It has the following characteristics:

The current price: $62.62
Market Capitalization: $626,240,702
Trading Volume: $83,987,669
7–day Gain/Loss: 17.34%


ApeCoin
ApeCoin (APE) has resumed bullish momentum as price breaks above the moving average lines. The altcoin’s first uptrend has been terminated at the $8.00 resistance zone. This resulted in the decline of the altcoin to the low of $4.28.

Today, the altcoin has regained bullish momentum as it breaks above the moving average lines. The upward move is facing resistance at the $6.00 high. On the upside, APE will rise and revisit the $8.00 overhead resistance if the initial resistance is breached. APE is below the 80% range of the daily stochastic. It indicates that the market is in a bearish momentum. It is the fifth- strongest altcoin for the week. It has the following characteristics:

The current price: $5.65
Market Capitalization: $5,642,884,048
Trading Volume: $251,307,066
7–day Gain/Loss:16.73%