GALA and Aptos (APT) lead gainers among altcoins – best-of-the-week analysis

Check out the analysis of the 5 cryptocurrencies that increased the most in the cryptocurrency market this week, specifically from January 6th to 12th.

These digital assets were the news and were the highlight of the cryptocurrency market:

1. Gala increased by 126.54%;
2. Aptos (APT) is up 68.68%.
3. Lido DAO (LDO) rose 58.67%;
4. Zilliqa (ZIL) rose 39.45%,
5. Optimism (OP) increased by 36.59%.

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GALA is driving the largest increase in the cryptocurrency market

GALA has fallen below its descending resistance line since the beginning of May. The downward movement led to a decrease of $0.015 on the 30th of December. Since then the asset has recovered and continued to rise.

On January 9, GALA reached as high as $0.05 but was rejected by the descending resistance line and $0.05 resistance area (red icon). Since then the altcoin has crashed.

If GALA breaks this resistance, it will determine whether the future trend is bullish or bearish. A breach of the resistance line is likely to lead to a rally near $0.070. On the other hand, failure to break this could lead to a retest of the $0.027 support area.

APT rises above the resistance level

APT broke through the descending resistance line on January 8th and accelerated its rate of increase. Shortly after that, it broke above the $5.20 resistance area. On January 12, the area was validated as support (code green). If the upward move continues, the next resistance will be at $8.

On the other hand, closing below the $5.20 area could lead to a sharp decline and a retest of the $3.50 level.

LDO is trading within a critical range

On the 9th of November, LDO validated the bearish resistance line it had broken earlier. At that time, also validate the $0.92 area as support (green icon). On December 22, the LDO bounced off that level again, creating a double bottom pattern in the process.

The token has since surged and broke above the $1.73 resistance area on January 3rd. It was then validated as a support four days later.

Currently, LDO is trading in a range created by the $1.73 area and the Fibonacci retracement resistance at 0.618 in the $2.26 area. The level that breaks through first is likely to determine the direction of the trend. A break to the upside could lead to a move towards $3.10, while a break to the bottom could lead to a drop towards $0.90.

ZIL reaches significant resistance

ZIL has risen since December 30. On January 9, it reached a high of $0.027. However, it failed to breach the descending resistance line in force since May. Instead, it is turned down and a long upper fuse (symbol red) is created. ZIL is making another attempt to break through the line.

If the altcoin moves above this line successfully, it will face the crucial resistance at $0.032. This is an area that previously worked as support for quite a while before eventually turning into resistance. Therefore, ZIL must break above it for the trend to be considered bullish.

Alternatively, a rejection of the line could lead to a decline towards the 0.618 Fibonacci retracement support level at $0.020.

OP has a strong rally and is up 65% in 15 days

OP price has been rising along an ascending support line since October 20th. The coin bounced off the line on December 29, starting the current upward move. Since then, OP has increased by 65%.

Currently, the altcoin is trying to move above the $1.44 horizontal resistance area. If successful, the next resistance is at $2. On the other hand, rejection could lead to a drop towards the ascending support line at $1.