Bitway (BTW), Venice Token (VVV), and Filecoin (FIL) posted the largest seven-day gains among the top 100 assets. However, the top 3 altcoins of the week share almost nothing beyond their place on the leaderboard.
BTW leads with a 43.2% weekly gain, yet its chart carries the weakest confirmation of the three. FIL gained the least, but its support sits closest and its volume is the strongest.
Top 3 Altcoins: Bitway (BTW) Stalls After a 43% Weekly Run
BTW trades near $0.70 after gaining 43.2% over seven days. Bitway runs a proof-of-stake chain called Bitway Ledger, where BTW serves as the gas and governance token.
The daily chart shows a rejection at resistance between $0.75 and $0.78. Today’s candle swung 46% between its low at $0.5439 and its high at $0.7944.
Meanwhile, volume behind the September breakout stayed below the levels recorded in June and July. Fading participation has flagged fragility in other altcoins this year.
RSI also shows the first bearish divergence of the run. Price climbed roughly 75% from mid-August, while RSI slipped from about 85 to the low 70s.
Key support sits at $0.48, some 31% below the current price. A deeper correction could bring $0.15 back into play.
Venice Token (VVV) Retests Its Previous Record High
VVV trades near $22.33 after a 33.5% weekly gain. The token has corrected 26.7% from its September 9 record high at $29.288.
That decline stops precisely at the previous record high from June 3 at $21.469. In addition, the 0.236 Fibonacci retracement at $22.806 reinforces the same zone.
Today’s session tested the level directly. Price opened at $21.463, dipped to $21.191, then recovered above the band.
RSI sits near 60 with no bearish divergence. However, the rally legs between record highs are shrinking, from 115.6% to 36.4%.
Filecoin (FIL) Tests $1 on the Strongest Volume
Filecoin trades near $0.99 after climbing 61.3% from its August 18 low at $0.6095. Daily turnover reached $420 million against an $823 million market cap.
That 51% ratio is the highest among this week’s leaders. Therefore, the advance carries far more confirmation than the other two.
Price cleared $0.80, which aligns with the 0.236 Fibonacci retracement. It then tagged $1.0370 today before easing back.
The 0.5 retracement at $0.9668 now acts as immediate support. Above it, the next resistance sits at $1.0511.
What Separates the Top 3 Altcoins This Week
Weekly performance and chart quality moved in opposite directions. BTW gained the most, yet its nearest support sits 31% away on falling volume.
FIL gained the least, but support sits under 2% below and turnover confirms the move. VVV holds the middle ground, testing a level that has already held once before.
The post Top 3 Altcoins for the Third Week of September: The Biggest Gainer Has the Weakest Chart appeared first on BeInCrypto.
