Over the weekend Bitcoin (BTC) bulls showed impressive strength every bit the price punched through $x,000 for the first time in 2022. Interestingly, not simply Bitcoin forks have been performing well recently, in fact, many altcoins are actually outperforming Bitcoin. The well-nigh recent notable performers are Tezos (XTZ), Lisk (LSK) and Binance Money (BNB).

Since the outset of 2022 Tezos has surged 118% and Binance Coin 120%. Meanwhile, Lisk has kicked its rally into high gear, surging 450% this twelvemonth. These movements call for assay.

Crypto market daily performance

Crypto market daily performance. Source: Coin360

XTZ/BTC fights against heavy resistance

Tezos has shown tremendous forcefulness through the first weeks of 2022 and is probable to go along over the coming weeks.

XTZ BTC 1-week chart

XTZ BTC ane-week chart. Source: Cointrader.pro

The XTZ/BTC weekly chart shows a articulate double lesser structure at 0.000084 satoshis, which led to the first movements to 0.0001850 satoshis. After that, a confirmation of the breakout led to the support/resistance flip at 0.0001488 satoshis.

This support/resistance flip made the footing for the recent surge, which is currently hovering effectually a significant resistance at 0.0002600-0.0002700 satoshis.

A significant indicator of strength is the book indicator, pregnant, when trading volume starts to rise along with the price activity, this indicates force and buying pressure. More examples can be constitute recently with movements on Dash (DASH), Icon (ICX), and Lisk.

The current test for Tezos is whether it can flip the 0.00257 satoshis level for support. If that's possible, continuation towards 0.00035 satoshis and even 0.0005-0.00051 satoshis is on the table.

XTZ/USD pair leads with a massive interruption in a higher place $one.75

XTZ USD 1-week chart

XTZ USD ane-calendar week chart. Source: Cointrader.pro

The XTZ/USD chart currently shows a clear breakout to a higher place the $1.75 resistance after $1.20 flipped every bit back up.

A retest of the $1.75 level would provide what might exist a great opportunity to buy the altcoin merely information technology's highly debatable whether the price would make such a deep retracement. If Tezos is probable to hold the $ii.50 level for support, a move towards $4.00 is warranted.

Binance Coin rallies on futures launch

Binance Coin has been showing strength recently too, allegedly due to the launch of futures on the BNB/USDT pair on the Binance futures platform.

BNB USDT 1-day chart

BNB USDT ane-day nautical chart. Source: TradingView

The BNB/USDT chart shows a strong upward movement, which started with the breakout higher up $18.eighty. This breakout led to a price level of $25, however, can we meet a continuation of the current strong price movements? This is highly debatable as the move seems influenced by the news of the futures launch rather than a fundamental-based change in market structure.

Such a move could exist described as a 'buy the rumor, sell the news' scenario where investors buying into an upshot just when the result occurs, investors realize at that place's not a significant toll impact and begin to sell. A scenario such as this could occur.

And then what is needed for continuation in Binance Coin? A clear breakout higher up $25-25.50 with a daily candle shut would be reassuring. If BNB could exercise that, extension towards $29 is warranted.

Nevertheless, if a breakout doesn't happen, possible back up levels are found at $21.70 and $22.50.

BNB BTC 1-day chart

BNB BTC ane-day nautical chart. Source: TradingView

The BNB/BTC chart shows a like move to the upside. However, it confirms the potential resistance. The price of BNB is hovering against the 0.0026 satoshis level and this level is pregnant as it was the previous high in June 2022.

A breakthrough of this level would requite the cost space to move toward the 0.00298 satoshis level. Notwithstanding, failure to reach this betoken would provide investors with a potential opportunity to step in at the 0.00232 and 0.00247 satoshis levels.

Lisk gains more than 450% in a matter of weeks

LSK USD 1-day chart

LSK USD 1-day chart. Source: TradingView

Lisk is showing a massive surge from $0.50 towards $2.80 in simply six weeks which has left investors scratching their heads and wondering exactly is this happening?

Such a move starts with the break of a gigantic downtrend. At the moment, many altcoins are breaking their 2-year quondam downtrends and an up momentum tendency shift is likely to occur once this happens.

A similar move occurred with Lisk after information technology pushed above its 2-year old downtrend, leading towards an increase in volume and a parabolic movement upward.

LSK USD 1-day chart

LSK USD 1-day chart. Source: TradingView

This parabolic move led to $two.80 and is currently hovering to close higher up the massive resistance at $2.30, while the RSI is showing overbought signals as it's now at 93.

If Lisk is unable to close in a higher place $2.thirty, a retrace is likely to occur, through which targeting the $ane.60 level at first seems reasonable every bit support.

LSK/BTC pair shows big gaps

LSK BTC 1-day chart

LSK BTC 1-24-hour interval chart. Source: TradingView

Another reason for these massive movements is the amount of 'gaps' in the chart. I don't mean the CME gaps which are created overnight and on weekends when the exchange is closed only cryptocurrencies are notwithstanding trading. I'thou referring to the big gaps between support and resistance levels on many of the altcoins.

Take, for case, the Lisk nautical chart. After 0.0001150 satoshis, the next resistance is institute at 0.0001700 satoshis, a gap of 50%. If the 0.0001700 satoshis level breaks to the upside, the next level sits at 0.0002250 satoshis.

This ways that altcoins can potentially make big movements upwards, every bit there are no pregnant levels in between to allocate as resistance or support.

Ultimately, Lisk needs to shut above 0.0002270 satoshis for continuation. Otherwise, it's likely to retest the 0.0001700 satoshis level for support.

The views and opinions expressed here are solely those of the writer and do non necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a determination.