Crypto
Altcoin Leaders Vary on Chart Quality Amid Gains
Three altcoins led gains in the third week of September: Bitway (BTW), Venice Token (VVV), and Filecoin (FIL). BTW rose by 43.2%, but its chart indicates a weak breakout.
The daily chart for BTW shows that price rejected at resistance between $0.75 and $0.78, with volume staying below levels seen in June and July. This suggests fading participation and fragility in the altcoin.
RSI also shows bearish divergence, with price climbing 75% from mid-August while RSI slipped to the low 70s. Key support for BTW sits at $0.48, which is 31% below the current price.