Category: Analysis

Some of the most volatile trading activity occurred during the past seven days. Most cryptocurrencies had considerable rises around the time, as we noticed. Others saw significant drops.

Arbitrum is one of these notable losers. Currently, the asset has decreased by more than 90%. The coin is recovering from an all-time low of $1.10 in what many refer to as a rugpull. STX, which fell by 12% last week, was also among the biggest losers.

Since there was no significant price increase or decrease on a worldwide scale, the cryptocurrency market was rather stable. Several fundamental factors, however, had little effect on prices.

The announcement made by Tether is one example. The issuer of the USDT stablecoin and financial services provider expect to earn a $700 million profit in the first quarter (Q1) of 2023, which ends March 31.

Other news includes investors receiving justice as Titanium CEO may serve the ensuing years in prison for a $21 million fraud. Another thing that happened was that the $100 million deal to buy the Thai cryptocurrency exchange Zipmex fell through since its rescuer didn’t pay the $1.25 million that was due on March 23rd.

There is a lot of anticipation regarding how prices may perform as the new week approaches. Let’s discuss various cryptocurrency assets.

Top Three Cryptocurrencies to Watch

1. Bitcoin (BTC)

The prior week’s bitcoin price showed a major conflict between bulls and bears. It began at $28k but did not experience any significant price adjustments throughout the first two days of the time frame under consideration.

On Wednesday, this changed when the coin reversed course and hit a low of $26,688. Despite a minor comeback, it was unable to make up the losses. Hence, it closed down by more than 3%. We observed a comparable occurrence on Friday, and the pinnacle coin experienced a comparable degree of decline.

But, to make up for Wednesday’s loss, the top asset experienced its greatest increase on Thursday. The final two days of the week saw a negligible uptick in BTC. This prevented it from registering any appreciable value growth.

We identified several readings from indicators that might influence price behavior. The Moving Average Convergence is the first metric to take into account. We saw that the elevation of both EMAs is steadily slowing. We are now witnessing a bearish convergence as a result.

The $26k support level is the first one to watch because of an impending divergence. The apex coin fell to a low of $26,688 over the previous seven days. At the previous intraday session, it decreased and fell to $26,500. The asset could challenge the $26,000 ceiling again.

It’s important to keep in mind that a shift in the market could cause the top coin to trend upward. If that occurs, we would anticipate a second attempt at the $28k resistance.

2. Ethereum (ETH)

Ethereum had a splendid performance during the previous week. Like most cryptocurrencies to watch, it had a very volatile performance. As a result, several events took place.

Nonetheless, we noticed a massive tussle between the bears and bulls as they struggled for dominance. A notable character over the last seven days ETH losing and regaining $1,800.

However, this changed as we noticed a significant dip that ensured of the $1,700 support during the previous intraday session. While indicators are largely silent as to how prices may play out, we may examine price movements for answers.

We noticed that the $1,700 barrier held out over the last ten days. We may expect it to continue as we notice a growing distance between the current price and the highlighted mark.

On the other hand, $1,800 is not one of the strongest and may give way within the next five days. We may also expect more attempts at gaining stability above the said mark.

3. Litecoin (LTC)

The preceding week saw a fantastic performance from Litecoin. It started out the week at $84 and fell as low as $75. Many would say that the prior intraweek session didn’t get off to a good start. LTC closed, though, with a noticeable price increase.

It attempted to reverse the losses on Tuesday but peaked at $83 before closing with gains of more than 5%. When it retested the $88 on Wednesday, it accomplished the lauded feat. The other coin briefly reversed it before closing at $86. Despite this, it had gains of more than 5%.

On Thursday, LTC experienced its largest surge as it crossed the $90 million mark. It then soared to a high of $94 after that. The session ended with a positive move of more than 7%, despite a slight retracement. The weekly scale also showed same increases.

The preceding week saw gains of 11% for Litecoin. At that time, indicators were also favorable because the MACD’s upswing was continuing and the Relative Strength Index was still below 60.

Many people would like to forget the trading activity during the previous intraday session because the altcoin dropped roughly 5%. Other measurements, such as the Moving Average Convergence Divergence, also showed this.

The 12-day EMA is currently curved lower, signaling the beginning of a bearish convergence. This suggests that the asset under examination will continue to trend downward and could retest the $80 support level. Yet, it could be able to get back $90.

Every week, the same issue arises since the value of cryptocurrencies is increasing noticeably: What are the top five cryptocurrencies to watch this week?

The prices of most crypto assets skyrocketed last week, increasing the market capitalization of all cryptocurrencies by more than 10%. It was $980 billion when the seven-day session began and reached a high of $1.18 trillion. The price at which the time period under consideration ended was also this.

Altcoins like MASK and CFX had gains of more than 50% and 30%, respectively, during this period. Ahead of the intraweek session’s conclusion, several significant alternatives gained traction. One such example is Binance coin, which on Thursday overcame a $330 resistance. Additionally, it finished the intraday session up more than 7%.

While many made assumptions about the causes of the increases, others proposed speculations. One such is the fact that many people are looking for alternative assets as a result of the collapse of the global financial system. While this has always been the case, figures indicate a significant increase in investment in the cryptocurrency sector.

Moreover, the CEO of Binance exchanged about $1 billion for bitcoin. It is difficult to dispute the influence of favorable announcements on the present rise when the fundamentals are this strong.

The new week is gradually starting, so let’s look at how various assets might do.

Top Three Cryptocurrencies to Watch

1. Bitcoin (BTC)

The preceding week saw one of Bitcoin’s largest jumps at the start. The price peaked at $24,618 after trading began at $22,190. At its peak, though, there was a significant rejection. It increased by more than 9% and closed at $24,200 as a result.

 

 

On Friday, the session’s next significant high point occurred. It tried to retest the $28k resistance when it opened at $25,000. Sadly, it was rejected outright for $27,818, which led to its failure. Nonetheless, it ended the day at $27,466 with gains of about 10%.

The apex coin increased by over 26% on a weekly basis. It also featured a number of signs in a positive manner. Relative Strength Index is one example of this. It is currently higher than 70. It indicated that, as of Friday, BTC was overbought.

A significant bullish trend is also shown by the Moving Average Convergence Divergence for the asset.

Prices are nearly equal to their opening prices when looking at the week. The top coin, for instance, started the day at $28,100 but saw no significant gains on Monday. It did, however, lose some of its value. Bitcoin’s price has returned to its initial level as of this writing.

We also found that the RSI is still above 70, which is cause for alarm. The coin could reverse, according to the guidelines for the indicators.

2. Ethereum (ETH)

The biggest altcoin shared in the gains from the previous week. During its rampage, it also turned important levels. One such hurdle that it overcame on Monday was $1,700. Even though the day finished somewhat lower, gains of almost 5% were made.

The week’s biggest high point was when it turned $1,800. It took place on Friday when the asset reached its peak at $1,803 before falling. Nonetheless, the price increase went beyond 7%. On Sunday, ETH also attempted to break the aforementioned record but failed, repeating its performance from Friday.

Ethereum finished the previous week with gains of more than 12% on a weekly basis. The indicators all pointed in a bullish direction. For instance, RSI. The reading was precisely 65. This demonstrates a discernible rise in the buying pressure at the time as well. There is no additional information because MACD is not very vocal.

With the new week in mind, it is important to note that ether is not currently experiencing the same momentum as the previous session. The biggest altcoin is recouping its losses after a Monday that some could characterize as negative.

Given the lack of any indicators this week, it is difficult to forecast how the asset would perform. But, establishing consistency over $1,800 might clear the way for a test of the $1,900 resistance.

A review of the indicators supports the aforementioned claim. We noted that the buying volume for ether has drastically decreased, as shown on the RSI. It is currently at 60 and might possibly be a sign that prices will drop further.

3. Ripple (XRP)

The previous week saw very erratic performance from Ripple. It started off at $0.37, fell to a low of $0.35, then rose to a high of $0.38 before closing at that price. The next day, a repetition of similar incident occurred, and the cryptocurrency reached a new high.

Wednesday saw a notable price drop for XRP. It lost more than 3% as it reversed course to a low of $0.35 and closed at this level.

The following two days were spent in recovery as it gained more than 6% during this time. A clearer picture of what happened and how it might effect pricing this week can be obtained by looking at the indicators. The Moving Average Convergence Divergence is the first thing to take into account.

The altcoin saw a positive divergence on Thursday. After this incident, we saw an improvement in the price trend and an increase in the asset’s worth. We anticipate a greater price jump, therefore the increase may continue this week as well.

We saw that XRP has increased by more than 20% in the hours leading up to this article. This was brought on by the revelation that the parent company’s legal struggle with the SEC might succeed. It attempted to flip the $0.5 resistance but was unsuccessful.

Yet, before the week is up, we might witness another attempt. On the other hand, a shift in the market’s trajectory might make it difficult for the coin to hold onto $0.42.

 

Most cryptocurrencies to watch this week experienced massive downtrends during the previous intraweek session. They had a massive decline in value. We also see a significant decline in value in the global cryptocurrency market cap as a result of this.

At the start of the session, it was valued at $1.02 trillion. Yet, its value drastically decreased during the course of the following seven days. It fell to a low of $914 billion, but then started to rise again, closing at $985 billion, representing an almost 5% decline in value.

A look at the market cap showed that the small recovery took place during the weekends. It also creates a pattern for future price hikes. This is what is happening right now as most cryptocurrencies are experiencing one of their largest rises.

Nonetheless, it is worth noting that fundamentals played a huge role in the previous week’s downtrend. News of Silicon Valley Bank shutting down had most traditional instruments in panic. We are seeing a repeat of the event as we noticed another massive reaction to prices.

This time, it’s positive. The rally across the market was buoyed by the Feds forecasting a decrease in interest rates. The release of CPI report also played an important role in the current rise of most crypto assets. Let’s see how some cryptocurrencies may perform this week

Top Five Cryptocurrencies to Watch

1. Bitcoin (BTC)

During the recent intraweek session, Bitcoin had several important levels challenged again. It started the week at $22k but fell as low as $19k by the end. Prices were also impacted by this, as evidenced by the strong negative indications on the indicators.

The Relative Strength Index, for instance, temporarily fell below 30 at the height of the bearish dominance. Since it fell below 0, the Moving Average Convergence Divergence was also impacted. In addition, we saw that the 200-day MA had curved and might be beginning a downturn.

While all of these indications indicated that the top asset will continue to trend downward, fundamentals are at odds with this prediction. We noticed a rise in buying activity after many encouraging news stories as the price of bitcoin reached its highest level in more than eight months.

As a result, the MACD and RSI both appear more favorable. For instance, both metrics are showing signs of further price increases after leaving their respective danger zones and becoming healthy. It is important to note that the highlighted MA is not changing.

The bullish indicators are contradicted by the candlestick pattern, which suggests the contrary. An uptrend’s end is only indicated by the inverted hammer pattern. If this proceeds, BTC might once again have trouble maintaining important supports. Its peak and current prices are a blatant proof of this.

The peak price of the pinnacle coin reached $26,400. It is currently below the $25k threshold at $24,700. Yet, we may anticipate that the impact of the optimistic fundamentals will persist. In this scenario, we anticipate a $27,000 attempt.

2. Binance Coin (BNB)

Over the past eight days, there have been several changes in attitude related to Binance coin values. While some were unconcerned, many said it was one of its worst performances. However, the asset’s extreme volatility is one of the things that makes it one of the best cryptocurrencies to follow.

It began trading the prior week at $288 but fell as low as $271. It experienced extremely bearish readings on its indicators, just like the assets that were previously highlighted. For instance, the RSI sank as low as 21, and the MACD also experienced movement. But as the session came to a close, these readings shifted.

The coin experienced its highest week-long increase on Sunday. It increased by more than 4%, which also affected the indicators that were emphasized. Although the RSI was in an upswing, we saw an abrupt change in its trajectory. Also, the MACD showed a bullish convergence.

A divergence occurred as a result of trading activity in the preceding intraday session. According to this indicator, we may anticipate future price hikes. The $320 resistance is one of the important levels to keep an eye on right now. For the next six days, we might anticipate a retest of this mark.

Yet, we recognize that candlestick patterns do not appear to be as promising as the other criteria. The five-day advance may be coming to an end as the daily chart shows an inverted hammer. BNB could once more lose the $300 support.

3. Stacks (STX)

 

There is a mix of top gainers and losers among the top five cryptocurrencies to watch this week. Nonetheless, let’s discuss their chances and potential outcomes over the next six days.

Let’s review how they did over the previous seven days before getting into them. It is noteworthy to observe that the majority of assets, including the global market cap, are down and there were many bearish activities.

The value of the cryptocurrency market cap peaked at $1.08T and began the week at $1.07T. As the week progressed, it fell to a low of $1.01 before recovering just a little. It ended the session at $1.02; depicting no significant increase and losses of almost 5%.

With regards to fundamentals, there were none that could affect prices. However, so many announcements made the rounds.

For example, the renowned non-fungible token (NFT) company Yuga Labs announced on Tuesday that it intended to launch the TwelveFold NFT collection on the Bitcoin blockchain.

In other news, despite large unrealized losses, Australian SMSF pensioners are undaunted by the bear market and are still investing in cryptocurrencies.

A look at the global cryptocurrency market cap says prices are fairly stable. Let’s see how some assets will perform.

Top Five Cryptocurrencies to Watch

1. Bitcoin (BTC)

The apex coin dropped more than 4% over the past week. The preceding intraweek session’s opening day was characterized by extreme volatility as it dropped to a low of $23,136 and reached a high of $23,560. It’s interesting that in the end, it didn’t record any significant improvements.

The subsequent days saw little to no noticeable price movement. This came to an end on Friday when we observed a significant pricing change.

For the first time in more than fourteen days, Bitcoin retested the $22,000 support when it opened at $23,469. Although closing at $23,300, it lost more than 4% of its value.

Following this incident, there was little attempt made to recoup during the final two days of the week. Many indicators dropped lower into bearish domination as a result of the significant loss on the fifth day.

For instance, the 12-day EMA of the Moving Average Convergence Divergence distanced itself from the 26-day EMA. The Relative Strength Index also experienced some negative movement, falling to a low of 42.

As we turned our attention to the upcoming week, we saw that BTC was attempting to rebound. For instance, it is still clinging to $22,400 after peaking above $22,600.

While it is difficult to predict how prices will change, one level we might watch is the $22k support. At this point, there is a significant concentration of demand.

It’s also important to note that if the highlighted level turns, we might anticipate a $21k retest. On the other side, we might anticipate an attempt at the $24k resistance if trading conditions improve.

2. Ethereum (ETH)

The previous week was not the best for the asset, like other cryptocurrencies to monitor this week. It is safe to say that it lost about 5% during the time period under review and was primarily bearish.

It did not experience one of its better starts on Monday as there were no significant price moves. For the next 24 hours, this trend persisted, and ether only lost a tiny portion of its value.

The largest altcoin closed with gains of bitcoin over 3% on Wednesday. It reached a high of $1,669 during this session and finished slightly lower. Throughout the previous seven days, there had only been one green candle.

Prices consistently fell during the final four days of the week. On Friday, one of the biggest occurred.

ETH retested the $1,600 support as it resumed trading at $1,648. The coin flipped, falling to a low of $1,543, but it ended up little higher. Nonetheless, it suffered losses of over 4%. The second-largest cryptocurrency’s red candle on Sunday indicates how the week came to a conclusion.

At the time of writing, the market sentiment has not changed, and ether is still in trouble. If the current state of the market holds, it might test the $1,500 support once more before the session is out.

Yet RSI presents a more bullish picture of the asset’s future. Support was found at 42. When it last sank to this level, a new bullish round was initiated. If nothing changes, we could anticipate receiving $1,600 back.

3. Maker (MKR)

At the previous intraweek session, Maker was among the top gainers. Its price rose by a staggering 22%, marking the third straight week of advances.

The asset’s opening at $791 and top price on Wednesday, one of the highlights of the week, was $959. It concluded with gains of more than 16% at $925.

On Sunday, a smaller-scale version of the same thing happened. MKR nevertheless saw increases of about 10%. Chart analysis reveals that indications are also bullish, which could have an impact on prices this week.

The 12-day EMA is rising, and the distance between it and the 26-day EMA is widening. Furthermore above 60 is the RSI. The trading activity taking place in the current intraday session, however, paints a different picture.

MKR is off to a bad start, already down more than 3%. The Moving Averages should also be taken into consideration. The token was simply a gold cross.

Solana is one of the most popular blockchains and has garnered a lot of attention over  the last few years. It also boasts a massive ecosystem that can handle transactions at great speed.

Due to this, as of September, it had more than 350 projects operating on it. Let’s get some insight into the blockchain before going over the projects with huge prospects.

What is Solana?

Often described as “the Ethereum Killer,” Solana shares a few similarities with the said blockchain but claims to be different.

It was created to increase throughput beyond what other blockchain technology could only hope to achieve while maintaining decentralization, cheap costs, and security. These were the same principles the ETH founder proposed for his project.

While earlier blockchains used proof-of-work and proof-of-stake for validation or to process transactions, Solana uses proof-of-history.

This process outperforms several other methods in terms of power efficiency. It also resolves the issue of time agreement that plagues the majority of distributed systems. As a result, it boasts more than 65,000 TPS with each transaction costing as little as $0.50.

Although there are issues with Solana’s reliability, it is still one of the most sorted after blockchain.

With a brief overview of the ecosystem, let’s go over top assets with huge potential.

SOL

Solana price over the last twenty-eight days was not short of drama. After concluding the previous months with notable increases, many expected more price performance.

The first day of the session saw the coin register notable changes in value as it opened at $23.9 and surged to a high of $25.2. Although it closed a little lower, it saw a more than 4% increase.

It made more attempts at flipping key resistance during the next intraday session as we noticed it peaked at $26. However, it retraced and closed with losses of more than 2%. After this performance, we noticed no further improvement in price.

It got worse on the ninth day of the month as it opened at $23 and saw a massive decrease in value. It lost the $20 support and dipped to a low of $19.9. It reclaimed the said mark, but recorded losses of almost 12%.

Two days later, we noticed a more than 3% increase. This also marked the start of a bullish run as the asset attempted to reclaim the lost levels. At the peak of the trend, it flipped the $27 resistance.

It is worth noting that SOL also had its biggest surge on the fifteenth day of the month. It closed with gains of more than 9%. Nonetheless, after it peaked, the altcoin started a decline that reflected on the chart as bull flag.

As at the time of writing, we noticed that Solana is seeing an increased demand concentration at $21.7. This is especially true as we noticed more than three attempts at breaking the support.

If it continues to hold to the mark, it may be a launchpad at further price increases. This possibility is also looking more realistic as indicators support this claim.

The first is the Moving Average. The 200-day MA is on an uptrend and may intercept the 50-day MA during the next month.

Chainlink

Chainlink kicked off the previous month with notable increases. It peaked at $7.27 after it opened at $6.95. Although it retraced, it recorded gains of more than 3%.

Like Solana, it attempted flipping another key resistance during the next intraday session. However, it retraced and dipped lower than its opening price. It also failed to register any notable change in worth during the session.

On the ninth day of the month, we noticed another attempt at a key level. This time, it was en route to $9 but fell short at $7.81. As a result of the bearish sentiment during that intraday session, it retraced lower than its opening price and lost more than 2%.

Four days later, it lost the $6.50 support and dipped to a low of $6.43 but failed to record any notable change in value. During the next intraday session, it had a similar performance but had a green candle.

As the asset tried to recoup the lost levels, this also signaled the beginning of a bullish run. It reversed the $27 resistance at the trend’s height.

Notably, SOL also experienced its largest increase on the fifteenth day of the month. It gained more than 9% as it closed. Yet, the altcoin began a slide once it reached its top, which is seen on the chart as a bull flag.

As of the writing of this article, Solana is experiencing a higher concentration of demand at $21.7. This is particularly relevant because we found evidence of more than three attempts to break the support.

The Graph

Arweave

Audius

The top five cryptocurrencies to watch this week are assets with a lot of potential. The performance of the cryptocurrency market, however, was one of the worst this month.

The previous intraweek session began with it at $1.12 trillion. Throughout the session, a series of bearish moves led to a steady fall in the sector’s valuation. At $1.06 trillion, the final result represented a loss of about 6%.

Although the FEDs were mostly to blame for this decline, it is important to remember that prior to the release by the minute, many people feared the worse. Most assets that reached their respective peaks then reversed course.

There was other news that circulated. For $13 million, ARK purchased shares of Coinbase ($COIN). Since the beginning of the year, more shares from Coinbase have been purchased by the Cathie Wood-managed company than by any other single buyer.

In other developments, the 120,000 ETH that Jump Trading’s cryptocurrency division Jump Crypto lost in February 2022 due to a Wormhole protocol was found. The company retrieved it from the hacker as he proceeded to launder the money on Oasis network.

There are currently no indications of any impending significant fundamentals as the new week gets underway. To get an idea of how some assets might fare, we look at the chart.

Top Five Cryptocurrencies to Watch

Bitcoin

Ethereum

Cardano

Filecoin

Stacks

With the crypto market entering a new week we are looking forward to the top five cryptocurrencies to watch. However, its is also worth noting that the previous week was splendid for the sector under consideration.

It opened the previous seven-day period at $1 trillion but had a slight decrease saw it dip below the mark. Nonetheless, we noticed it recovered before the day ended and was on the uptrend. Small increases on Tuesday sealed claims a bullish run.

On Wednesday, the market had it biggest surge. It went as high as $1.1 trillion from a open at $1.02T. It continued the uptrend and recorded notable increases on Thursday.

On the weekly scale, it closed with gains of almost 10%. Many may conclude that this positive change was caused by bullish fundamentals. It is hard to draw such a conclusion. However, some news made the rounds.

According to Bloomberg, Singapore-based banking behemoth DBS stated that there was a notable increase in the volume of bitcoin (BTC) trading on its digital exchange despite the 2022 market turmoil.

Some of the money stolen from Ronin’s Axie Infinity has been recovered by Okokrim, the Norwegian police. Through the assistance of Binance, Okokrim was able to recover $6 million from the hackers.

With a brief overview of what transpired over the last seven days. Let’s examine some assets with potential and their possible outcome this week.

Top Five Cryptocurrencies to Watch

1. Bitcoin (BTC)

Bitcoin is seeing a change in market sentiment as at the time of writing. Compared to the previous week, the coin is seeing more selling pressure and is dropping in value. Nonetheless, it had a splendid performance during the previous seven-day period.

It opened the session at $21,790 but dipped to a low of $21,300. It recovered but closed at its opening price. One trait of that session was the low trading volume the asset had.

The same played out the next day with a different outcome. This time, the coin closed the day with a green candle. This also marked the start of the massive uptrend that took place the next day.

This was one of the biggest BTC had a while. It opened at $22,187 and surged to a high of $24,420. It experienced rejection at this level and as a result, the session ended a little lower than its peak. Nonetheless, it closed with gains of more than 9%.

The last four days of the week had price in what many may describe as “a tug of war.” Bitcoin lost and gained the same value during this period. On the weekly case, it gained more than 11%.

Traders were filled with a lot of uncertainty about the new week. It is safe to conclude that BTC is off to a good start. It concluded the previous day with gains of almost 3%. With several bullish indicators during the previous week, we may see further price increases over the next six days.

Bitcoin may flip $25k and gain stability above it. On the other hand, it may dip and retest its short-term at $23,200.

2. Ethereum (ETH)

Like most cryptocurrencies to watch this week, Ethereum had a very good performance during the previous intraweek session. Nonetheless, it kicked off a little on the bearish side.

It lost the $1,500 support on Monday as it dipped to $1,463. However, it reclaimed the highlighted mark and closed with no significant change in value. This was one of the periods many expected a massive retracement.

Trading action on Tuesday proved this theory wrong. We noticed that the coin had its first green as it opened at $1,506 and surged to a high of $1,568 but closed a little lower. Nonetheless, the day ended with gains of more than 3%.

Wednesday was the main highlight of the week as it saw the biggest increase. Ethereum attempted the $1,700 resistance but fell short at $1,680. Although the session ended a little lower, it recorded gains of more than 7%.

ETH spent the last four days of the week in what many regard as an almost equal show of strength between the bulls and bears. These intraday sessions had very little impact on the weekly performance.

On this scale, the coin ended the previous seven-day period with gains of more than 11%. We also saw several bearish indicators become bullish after the increases.

With a focus on the new week, it’s hard to decide how ETH may perform. The previous intraday session was positive as it had its first green. However, the current session is a bit different as we noticed more bearish action.

With this in mind, we may expect a retest of the $1,600 support. Nonetheless, a change in market conditions may ensure the coin gains stability above $1,700.

3. Filecoin (FIL)

Filecoin was one of the top gainers during the previous week. It had one of its best performances as it recorded its biggest surge in more than a year. Like most cryptocurrencies to watch, it had a scary start to the period under consideration.

It lost a key support but reclaimed it before the session came to an end. On Tuesday, it started showing more bullish signs. It opened the day at $4.87 but dipped. It found support at $4.70 and peaked at $5. It ended the session with a positive change of more than 4%.

The next day dealt the final blow to the bearish agenda as FIL surged to a high of $5.49, closing with gains exceeding 7%. However, this sentiment was short-lived as the altcoin attempted $6 but failed to flip it the next. It retraced to its opening prices and failed to register any notable changes in value.

On Friday, most of the tough resistance became positive barriers. It kicked off at $5.40 and surged to a high of $7.60. It closed with gains of 41%. The last few days of the week added to the tally as we noticed a 12% increase on Sunday.

All these positive changes in prices add up to exceed 70%. As with most cryptocurrencies to watch, several indicators were bullish, with MACD displaying a bullish divergence.

However, RSI shows that the asset is currently overbought. This may explain filecoin failure to register any notable increase in price during the previous intraday session. Fears are also mounting as to how it will perform over the next six days.

One of the key levels to watch during this period is the $7.3 support as it’s the first line against a massive downtrend. Failure to sustain this level may guarantee a retest of the $6 support.

4. Neo (NEO)

NEO also had one of its best performances during the previous week. Like most cryptocurrencies to watch, it opened the week with no notable changes on Monday. It dipped to a low of $8.12 after opening at $8.67.

On Tuesday, the asset under consideration retested its 50-day MA but recovered before the session ended. It also added more than 3% to its value during this period.

The bullish push continued into Wednesday as we noticed a larger green candle. This time, it opened at $8.71 and surged to a high of $9.32; a clear indication that teh asset gained almost 7%.

Although the next day was bearish, it recovered on Friday with gains of more than 6%. This was the same margin on Sunday. On the weekly scale, neo closed with positive change exceeding 21%.

Due to these increases, indicators are very bullish with several hinting at more price action. The main metric was the Moving Average Convergence Divergence. It displayed a bullish divergence on Saturday.

With a focus on the new week, we may expect the altcoin to flip more resistance. One such is the $11 barrier as it faced notable rejection after flipping it on Sunday. On the other hand, a slip or change in market conditions may see the coin dip as low as $9.50.

5. Stacks (STX)

Stacks gained more than 100% during the previous intraweek session. This was one of its biggest bullish performances and many are expecting the trend to continue into the new week.

However, it is worth noting that it may not come as rapidly as they expect. A clear indication of this is the massive number of dojis during the previous seven-day period.

From Monday to Wednesday, we notice STX attempted several resistance but failed to hold on to them after flipping them. One such is the $0.40 barrier.

It flipped on Wednesday as the bullish action entered a new gear. This time, the altcoin closed with gains of more than 11%. It had its biggest surges on Saturday and Sunday. It gained more than 16% and 62% on these days respectively.

Although indicators are green, based on price movements, we may expect a more aggressive bearish push this week. Nonetheless, it may be on the right path $0.80.

Most cryptocurrencies are down by a few percent or stagnant. This has been the situation in the crypto market over the last seven days. However, there are a few bearish periods over the past week.

During these short bursts, the prices of most assets dipped to their fourteen-day lows. As a result, the global cryptocurrency market cap decreased by a few fractions. However, it failed to affect its performance on a weekly scale.

As with the previous trends, the sector failed to record any notable increase or decrease. It opened the period under consideration at $1.08 and closed at $1.02. With regards to fundamentals, there were none that affected prices.

Nonetheless, there were several announcements. A cryptocurrency advocacy group based in Washington, DC, called on Congress to step in to halt the Securities and Exchange Commission’s (SEC) enforcement crackdown on companies that offer crypto staking services.

The crypto market is showing no signs of any strong moves. This is especially true when we recall that the negative CPI report failed to have any effect on the industry. Let’s see what the charts say about some crypto assets.

Top Five Cryptocurrencies to Watch

1. Bitcoin (BTC)

Bitcoin had one of its worst performances during the previous intraweek session. It had its biggest loss over the last two months. It opened the session at $22,932 and many would agree it’s not one of its strongest starts. A small red candle represented the intraday activity.

The asset broke the $23k resistance the next day and closed with gains of more than 2%. This was the highest increase the top coin had last week.

Thursday was the most bearish period of the previous seven-day session. BTC dipped from a high of $23k to $21,688, flipping $22k for the first time in more than fourteen days. The day ended with losses exceeding 5%. Attempts at recovering the lost level failed. As a result, bitcoin ended the week with losses of more than 5%.

With a focus on the week, BTC price is raveled with a lot of uncertainty. It kicked off the present intraweek session with a doji as it returned to its opening price after hitting lows and highs. The current intraday session is offering more as the apex coin is up by almost 2%.

Major indicators are silent as to how prices will perform. Nonetheless, they are not bullish. Since its bearish divergence two weeks ago, the Moving Average Convergence Divergence is showing no signs of recovery.

The Relative Strength Index is a little positive. The metric suggests that selling pressure has reduced and remained above 45 over the last seven days.

Based on previous price movements, we may conclude that the asset under consideration may reclaim $23k or dip below $21k before the current intraweek session ends.

2. Ethereum (ETH)

Ether had one of its worst performances during the previous week. It opened at $1,629 but failed to record any notable increases as we noticed a doji representing trading action on Monday. Tuesday offered more in terms of price movement.

It opened at $1,613 and surged to a high of $1,678 but closed a little lower. The session ended with the coin registering gains of more than 3%. On Thursday, ETH had its biggest dump of the seven-day period. It dipped to a low of $1,524 from an open at $1,650. This signifies a more than 6% decrease.

In the end, ether ended the week with losses exceeding 7%. A look at the chart reveals that since the Golden Cross, the asset failed to record any notable increases. Will that change this week?

It is not off to a great start which may continue to spread more fear. However, with the latest events in mind, we may expect more attempts at key resistance. If trading conditions remain the same, the $1,700 barrier may break. A change in the current market trajectory may guarantee another attempt at $1,500.

3. Solana (SOL)

3% loss on Monday was not one of the best starts for Solana. However, the next day was better as the bulls put up a good fight. It gained more than 5% during this session, erasing the previous losses. Like most cryptocurrencies to watch, it had its biggest dip on Thursday.

It opened at $23 but dipped to a low of $19. However, it closed at $20; signifying a more than 11% drop in value. It spent the weekend trying to reclaim lost levels. As a result, it gained more than 7% during this period. Additionally, SOL peaked at $21 on Sunday but closed lower than the mark.

On the weekly scale, the altcoin lost more than 8%. Due to the huge losses, indicators are blaring. The Relative Strength Index dipped to its lowest in more than fourteen days; it dipped to 45. The 12-day EMA is another bearish metric.

With a focus on the new week, the previous intraday session showed that the bearish sentiment was still strong. However, SOL is seeing its first green of the intraweek session. If trading conditions remain the same, the altcoin may reclaim $23. Nonetheless, there are indications of a possible drop to $19.

4. Aptos (APT)

Aptos saw a continuation in its bearish sentiment. Like most assets, it had a bad start to the previous week. It had its biggest dump on Thursday as it opened at $15 and dipped to a low of $12. However, it closed a $13, signifying a more than 11% decrease.

Wednesday was not short of drama as the coin lost almost 6%. Indicators are also not bullish as we noticed they continued dipping.

With a focus on the new week, APT will look to reclaim $15. If that happens, it may attempt $17 before the week ends. On the other hand, the coin may retrace further and retest $12.

The top three cryptocurrencies to watch this week are some of the major assets. While they had a rather stable performance during the previous week, many are looking forward to a better outcome this intraweek session. Let’s go over the events during the period under consideration.

Most assets had a bad start and closed with no significant change in value. The same sentiment also affected the global cryptocurrency market cap. It opened at $1.05 trillion but reached a high of $1.08T.

The seven-day period ended at this mark with the industry failing to record any significant change in value. Nonetheless, most of the top losers during this time lost less than 10%. While some regained levels they haven’t in a while.

For example, APE returned above $6 but could not sustain the momentum and dipped. Other assets like APTOS and OP went on a bullish spree and recorded massive increases. Many traders are looking forward to the continuation these increases this week.

However, most cryptocurrenciesare down by a few percent. Here is the prospect for this session.

Top three Cryptocurrencies to Watch

1. Bitcoin (BTC)

Bitcoin had a lot of movement last week. However, it started slow which raised questions of whether prices would get better or there are impending downtrends. A previous outlook pointed to a surge over the weekend.

This happened as the apex coin tried flipping $24k but halted at $23,994. On the weekly scale, it ended the session with gains of more than 4%. Indicators also maintained their bullish stance as the last few days of the week were marked by positive changes.

Like the previous intraweek session, BTC is not off to a good start. While many might anticipate a rise similar to the previous seven-day session, it is difficult to say whether there might be any. This is the biggest red candle to appear on a Monday in the past three weeks.

We observed how BTC struggled to hold onto important support during the previous week. We might anticipate worse based on price movements in the past. During the previous intraday session, the Relative Strength Index was at its deepest in the last ten days.

This has changed and we noticed a small green candle. BTC may hold on to the $23k support and attempt $24k again.

2. Ethereum (ETH)

Like most cryptocurrencies to watch this, ETH also caused a huge scare during the previous week. Monday was marked by a red doji and Tuesday was worse. The second day of the week was the most bearish as the asset lost more than 4%.

It recovered and was on an erased the incurred losses. On the weekly scale, it failed to record any significant change in price. With focus on the new intraweek session, traders are looking forward to better performance.

During the previous intraday session, ETH lost more than 4%. There are concerns that it may lose the $1,500 support as a result. Recall that a previous piece mentioned that the asset had recently seen a bearish divergence. It’s still the same.

Additionally, the Relative Strength Index is at its lowest point in more than 14 days. If the downward trend persists, the bears can push prices lower than the highlighted point. The $1.5k barrier, though, may hold for the remainder of the week for ETH.

3. Avalanche (AVAX)

The main highlight of the previous week for Avalanche was its biggest surge. It happened on Friday as it gained more than 17%. It ended the session with a positive change worth more than 20%. This is also reflected in the Indicators.

The Moving Average Convergence Divergence continued its climb above 0. RSI also went above 70 again and held on till the end of the seven-day period was over.

With a focus on the week, there is uncertainty in prices. First, the coin lost more than 4% during the previous intraday session which also had an impact on indicators. For example, the Relative Strength index dipped below 70 which is an indication of a drop in buying volume.

The 12-day EMA is also arched as we notice the start of a bearish divergence. The current day brought relief as the bulls seemed to edge in the struggle for dominance. A return to the bullish path a guarantee an attempt at the $22 resistance