Tag: Coins to Watch

BTC is currently seeing notable price declines. This comes after a previous intraday session of significant price increases.

The apex coin continues struggling to hold on to $69k as bears rampage on. it dipped to a low $68k a few hours ago as it continues to grapple with selling pressure.

In light of the increase in selling volume, Grayscale continues to move more Bitcoin to Coinbase. Many speculate that this is in a bid to sell. In addition to Grayscale’s actions, on-chain indicators also suggest that miners are selling at a moderate level.

Nonetheless, it is worth noting that the struggle for dominance rages as BTC sees considerable increases in funding rates, giving the bulls an almost non-existing edge. This is in addition to the small decrease in exchange reserves.

With both the bulls and bears having notable influence at this time, will bitcoin continue downwards or upwards? Will this also affect major altcoins? Let’s see what the chart says

Bitcoin Price Analysis

BTC continues trading within a symmetric triangle. This means it is due for a breakout. As the triangle closes, the coin will see less volatility until its breakout. The decrease in price movements will owe to massive uncertainty as the halving draws closer.

It is worth noting that some traders believe that the apex coin will not register a new ATH until after the said event. Indicators like the Relative Strength index agree with this speculation. A closer look at it shows it trending with 50-55 which suggests an almost equal dominance between the buyers and sellers.

Additionally, the Moving Average Convergence Divergence adds to the uncertainty in the next price action. The 12-day EMA continues to trend below the 26-day EMA. With both EMAs so close, it is a clear indication of an impending breakout.

A breakout to the top may guarantee a retest of the $72k resistance. The Fibonacci retracement also suggests a possible attempt at $74k. On the other hand, if the downtrend continues, BTC will retest $63k. Breaking it will result in an attempt at $60k.

Ether Price Analysis

Ether is currently trading within no glaring pattern. However, a closer look at the chart suggests that the coin is forming a bearish flag. As this pattern is slowly unfolding, the largest altcoin will register new highs and higher lows.

To this effect, MACD is printing bullish signals. The 12-day EMA intercepted the 26-day from below after the previous cross took place mid-March. As a momentum indicator, the reading indicates that ETH is seeing notable increases in value. This comes after it gained over 10% in three days.

However, RSI suggests that the most recent reading from MACD may hold little significance. The Relative Strength Index is currently at 51 which offers no clear advantage to either the bulls or bears.

As uncertainty in price rages, the Fibonacci retracement suggests possible levels. With the current price at $3,520, ETH will look to retest $3,700 in continuation of the bearish flag. With the forecast of higher highs and lows, the altcoin will hover around $3,460 (the closest support). If it fails, it’ll mean the buyers are still struggling to absorb the supply.

It may open the $3,300 support for a retest. Nonetheless, a rebound at this level will guarantee the continuation of the chart pattern.

BNB Price Analysis

Binance coin continues to trade within the $575 and $593 channel. It’s a clear indication of the struggle for dominance with both the bulls and bears scoring small breakouts. However, RSI is hinting the buyers have more advantage in this contest as slowly edges to 65, indicating a small increase in buying volume.

However, MACD is also reacting to the decrease in selling volume. The 12-day EMA is gradually surging upwards and in contact with the 26-day EMA. With the bullish convergence underway, BNB is bound to see more price increases.

The fibonacci retracement hints at the asset retesting its previous high at $640. As seen in previous times, a flip of the said resistance could open the coin for an attempt at $700. However, there are no huge market fundamentals disputing this speculation.

On the flip side, the coin is susceptible to small downtrends as the market continues to grapple with the incoming bitcoin halving. The highlighted chart drawing points to a retracement to $545. Nonetheless, before this attempt takes place, the $575 support is another tough mark.

Solana Price Analysis

The SOL/USD pair traded almost flat over the last three days. Wednesday gave many traders a jump scare as it retraced to $162. However, the buyers quickly soaked up the supply spike and the coin returned to its starting price.

Since the decline, SOL recovered and has since traded flat. In response, RSI is is gradually taking a plunge as the asset continues to experience low volatility. However, its below 50 which shows the sellers are gradually edging in this contest.

MACD also offers the same insight. The 12-day EMA is on a downtrend as well as its counterpart. A closer look at the indicator shows no signs of any recovery.

As per the fibonacci retracement, it is important for the altcoin to continue the current trend, holding on to its support at $170. While the previous day suggests the bulls ability to absorb supply increases, a massive change in market sentiment will send SOL as low as $151.

Nonetheless, the same chart drawing rightly designate $176 as a tough resistance as the coin failed to flip it in the last three days. Breaking this psychological barrier will move the next price struggles to $186. The metric also suggested a return to $181.

Ripple Price Analysis

XRP continues to exhibit significant volatility until the current intraday session. It joined the list of altcoin that suffered a sudden spike in selling volume on Wednesday. Due to this, it retraced to a low of $0.59 but recivered as the bulls absorbed the excess supply. It ended the session at its opening price.

The decline came barely 24 hours after the altcoin retested $0.64. With that in the rearview, the coin has seen no significant improvement in prices. RSI offers no advantage to the buyers or sellers as its at 50. It depicts a notable decline in traders’ interest. Coinmmarketcap shows a 20% decline in trading volume over the last 24 hours.

However, per MACD, XRP may see more price increases. It showed a bullish divergence on Wednesday. Currently, the 12-day EMA is on a small uptrend, reflecting the small increase in price.

If the trend continues, the altcoin will attempt $0.63 and try break out from its fourteen-day high. However, the asset’s current price is shy of a critical support. Further slip will see it test $0.60. Failure to keep price at this level will result in the coin retracing as low as $0.56.

Dogecoin Price Analysis

For the past four days, the DOGE/USD pair exchanged between $0.18 and $0.20. It broke this barrier on a few occasions. However, the last 48 hours suggest that the channel is tinning. Nonetheless, of the highlighted period, Wednesday came off as the most volatile. Doge tested the $0.18 but rebounded. The day ended with the asset gaining more than 5%.

The decrease in trading volume explains the dwindling movement in price. Over the last 24 hours, dogecoin trading volume dropped by more than 20%. Nonetheless, the bulls are pushing prices as RSI suggests a small increase in buying volume. It is currently at 56.

However, MACD remains unfazed by this increase. The 12-day EMA continues gradual decline with no hint of stopping. The 26-day EMA is also experiencing the same trajectory. This comes as the bearish divergence continues.

At the current price, the asset is trading close to 0.78 Fibonacci which is at $0.193. In recent times, it bounced off $0.16. DOGE may repeat this trend as it is struggling at $0.19. Nonetheless, breaking its current trend will result in retest of the $0.22 resistance. On the other hand, if the coin flips $0.16, it will drop to $0.14 before rebound.

Toncoin Price Analysis

Toncoin has steadily climbed over the last seven days. During this period, it gained over 30%. The daily chart shows that it had one of its biggest surges on Monday as it tested $6.50 but failed to break it. Nonetheless, it registered gains of over 18% at the time.

The current intraday session shows that the bulls are gradually running out of momentum. At the time of writing, a doji stands as the representation of the current action. Additionally, with traders’ interest dwindling, so too is trading volume. Over the last 24 hours, TON exchange value dropped by over 32% resulting a 2% decline in market cap.

RSI suggests that the coin will see more downtrends. One of the key levels to watch is the $6.35 support.

Most cryptocurrencies are yet to see any significant changes in price since the new week started. As a result, the global cryptocurrency market cap is down by more than 3%.

This was not how it was during the previous intraweek session. It started that session at $1.54 trillion but experienced gradual increases as it progressed. As a result, on Sunday it peaked at $1.66 trillion. It also ended the period close to this valuation. This meant the sector under consideration gained more than 8%.

Amidst all the positive outcome, a few assets in the top 100 recorded notable losses. For example, Bonk opened the week at $0.000022 but retraced after hitting a small high. It broke through the $0.o00020 and closed at $0.000018 which meant it lost more than 20%.

On the other hand, Near protocol saw massive increases. Following small dips at the start of the seven-day period, it went bullish. As a result, it tested the $4 barrier for the first time in more than a year. It peaked at $4.10 but ended the session at $3.80, signifying an almost 68%.

With a focus on the new week, a few assets are kicking off strong while others are seeing small losses. Will it continue throughout the next five days?

Top Three Cryptocurrencies to Watch

1. Bitcoin (BTC)

Bitcoin performance during the previous week was one that saw the apex coin reclaim a vital level it lost two weeks ago. A closer look at the candle representing the previous intraweek session shows that it’s almost the same size as two sessions ago which means it erased almost all the losses it had.

One of the highlights of that period happened on Monday. Following its opening at $41,337, it experienced a small price decline that saw it hit a low of $40,513. It rebounded and enjoyed a notable hike in value afterward. As a result, it closed the day at $42,650, indicating a more than 3% increase.

On Wednesday, there was another significant event. When Bitcoin first opened for trade at $42,257, buying volume slightly increased. It therefore reached a top at $44,291 and tested the $44k resistance. It lost speed and retraced, closing at $43,665, a further 3% increase in value.

The apex coin is experiencing more value declines this week, so it is not kicking off like it did last week. While it ended the last intraday session with marginal gains, the current situation is the contrary. This occurs as the price of cryptocurrencies fell below $42,000 for the first time in over a week.

It is trading at $42,488 and is recovering. But this only serves to highlight the sharp decline in purchasing volume. BTC may retest the $40k support if this keeps rising. As was observed a few weeks ago, after this experiment there might be a rebound.

Nonetheless, the primary obstacle continues to be the $44k resistance.

2. Mina (MINA)

During the previous intraweek session, MINA experienced massive surges that saw it break through several key levels. As a result, it attained a new milestone; recording a new high for 2023. In the end, it closed with gains of more than 57%, making it one of the top gainers during this period.

One of the highlights took place on Wednesday. The asset opened trading at $0.77 but had a massive increase in buying volume. As a result, prices picked up. As it progressed, it broke its three-month high which was $0.97. It continued it surge as it broke other barriers. One such was the $1.10 resistance. It soon faced strong rejections as it edged closer to $1.20. In the end, it retraced to a close at $0.86.

On Sunday, it took the uptrend further. It tried testing $1.40 but halted due to strong rejections at $1.37. Nonetheless, it dropped to a close at $1.16. Following its opening at $1.02, it meant that it registered gains of more than 14%.

With a focus on the new week, the altcoin like some cryptocurrencies, is seeing small increases in value. For example, following the previous intraday session peak at $1.32, MINA retraced and closed at almost its opening price.

The current intraday session is different as the asset is seeing more increases. It kicked off trading at $1.17 but tested the $1 support before rebounding. Afterward, experienced a massive increase in buying with prices correlating with trends. As a result, it broke $1.50 and hit a high of $1.15 before correction.

Due to the massive gains the coin is seeing Mina may experience significant downtrends in the coming days. The Relative Strength Index is the main indicator in this prediction as the altcoin is overbought.

3. Helium (HNT)

A closer look at the weekly chart for HNT revealed that it enjoyed notable increases during the previous week. The candle, a doji with long wicks extending to the top and below, showed that it broke several supports and resistances. In the end, it closed with no significant change in value.

One of the notable events that took place during this period was two failed attempts to test the $10 resistance. The first happened on Tuesday and the second on Wednesday. During both trials, the altcoin faced rejections at $9.60.

While many are hopeful of more increases, the Moving Average Convergence Divergence is showing signs of an impending price decline. This comes after HNT had a bearish divergence.

Most Cryptocurrencies are seeing significant downtrends at the time of writing. Over the last twenty hours, they’ve failed to register any notable increases as they hold prices above set support.

This wasn’t the case during the previous week. The global cryptocurrency market cap was bullish during this period. It kicked off at $1.54 trillion but saw small increases as the week progressed. It peaked at $1.64 trillion and maintained this value until the end of the session. This indicates that the sector under consideration gained more than 6%.

Aside from price performance, a lot of announcements made the rounds during the previous intraweek session. One such is from the creators of Shiba inu. They announced what they termed a “transformative” way of burning the asset to reduce its supply.

Aside from this, reports also have it that the United States may be exploring ways to incorporate Bitcoin’s proof-of-work to combat cyberattacks.

All of this news and many others point to the growing awareness the crypto market is garnering.

Following the less desirable start to the current week for the bulls, many are looking forward to better performances in the coming days. Will this happen?

Top Three Cryptocurrencies to Watch

1. Bitcoin (BTC)

The previous week was one of the most bullish for Bitcoin as it achieved another milestone. It recorded a new high for 2023. In the end, it registered gains of more than 7%.

One of the main highlights of the period under consideration happened on Monday. It opened trading at $39,988 but began surging as the session progressed. It attempted and broke the $42k resistance and peaked at $42,404.

The bullish actions continued into the second as it tested another critical resistance. It broke the $44k barrier and it is a high of $44,490.

With a focus on the new week, the top coin loses all of the levels it gained during the previous week. It opened the current week at $43,786. However, the coin’s massive increase in selling that sent prices plummeting.

As of the time of writing, the largest cryptocurrency is exchanging at $40,942. It is also worth noting that it tested the $40k support but failed to break it.

Following this significant downtrend, indicators turned bearish. One such is the Moving Average Convergence Divergence. A closer look reveals that the 12-day EMA is about to intercept the 26-day EMA. In what is described as a bearish convergence, BTC may continue downwards.

However, based on previous price movements, following a massive decrease as this, the apex coin may struggle between $39k and $40k before a breakout. A drop to $38k is also likely.

On the other hand, Bitcoin may experience a change in market conditions and attempt the lost levels.

2. Ethereum (ETH)

Like most cryptocurrencies, Ethereum experienced significant price changes. It continued to build stability above $2k. This time it attempted at another key level. Nonetheless, it registered a new high for 2023 and closed the session with gains of more than 7%.

One of the main highlights took place on Thursday. It opened trading at $2,232 and enjoyed notable increases in buying volume that shot price up. As a result, it tried testing the $2,400 resistance but failed due to strong rejection at $2,383. After this, it had a small decrease but closed with gains of more than 5%.

On Saturday, it briefly broke the $2,400 barrier for the first time since May 2022 and peaked at $2,403. Following this milestone, the largest altcoin failed to register any notable increases.

With a focus on the new week, ETH is currently struggling to keep the price above $2,100. A few hours ago, it dropped to a low of $2,145. It is also worth noting that the day started at $2,352. At the time of writing, the alt is exchanging at $2,224 which is more than 5% lower than its opening.

Due to the sudden dip in price, the Relative Strength Index has dropped 60. MACD is also showing huge bearish signs. The 12-day is close to intercepting the 26-day EMA which means the cryptocurrency is currently going through a bearish convergence.

With this in mind, ETH may retest $2,100 in the coming days. However, if trading conditions improve, the alt may attempt stability above $2,300 and have another go at $2,400.

3. Avalanche (AVAX)

One of the leading gainers during the last seven-day session was AVAX. The daily chart shows how quickly the coin moved. It also demonstrates the extreme volatility it had during that time. It ended the period with gains of about 70% as a result.

It is noteworthy to mention that throughout the last seven days, there was not a single negative day for the Avalanche. What happened on Friday was one of the week’s main highlights. It tested a crucial resistance level at $26. The first time it has broken $30 since August 2022 was during a test. After minor declines, it closed the day up more than 15%.

With a focus on the new week, AVAX may test $45. It is crucial to remember that the Relative Strength Index, which is above 90, is signaling the beginning of a decline. This might cause the coin to drop to $30.

During the previous week, most cryptocurrencies had one of the biggest losses. In what many refer to as a “bloodbath” these assets revisited levels they haven’t a while. They crushed several critical supports and are currently struggling to reclaim them.

These events also impacted the global cryptocurrency market cap. For example, the industry was valued at $1.17 trillion at the start of the previous week. However, a downtrend started in the late hours of Wednesday, which progressed to Thursday. At the peak of the bearish moment, the sector under consideration threatened to go below $1 trillion as it dropped to a low of $1.05 trillion.

At the end of the intraweek session, the sector closed with losses of more than 5% as it failed to recover. Nonetheless, many rejoice at the return of volatility to the market.

On the other hand, some assets closed the previous week with significant gains. One such is a fairly new coin named Akash Network. Over the last seven days, it climbed up the top 100s and is currently at 94. Additionally, it is up by more than 28%.

During the last two days of the previous intraweek session, the crypto market was mostly stagnant. However, the situation is gradually changing. Let’s see how some assets will perform

Top Three Cryptocurrencies to Watch

1. Bitcoin (BTC)

Over the last 7 days, bitcoin’s price performance has been so bearish. A closer look at the chart suggests that it registered significant decreases in the end. However, it is worth noting that there were a few bullish moments during this period.

It had a positive start to the session under consideration. Evidence of this happened on Monday when it started trading at 29280 but saw notable increases in selling volume that saw prices retest the $29k support. However, it held out against the attack and prices went as high as 29,400. Unfortunately, the asset closed with no significant increase in value.

On Wednesday, BTC retested the highlighted mark again. This time, it broke. As a result, it dropped to a low of 28693 and did not recover until the end of the session. It is also worth noting that the downtrend continued into the next 24-hour period.

Bitcoin had its biggest downtrend on Thursday. Immediately after it opened trading it experienced a sharp incline in selling pressure. As a result, it broke several barriers. One such 28k support. After flipping this level, it made an attempt at a 26k barrier but failed as it found support at 26226. Although it enjoyed a small recovery, it closed at 26642 with losses of more than 7%.

After this major highlight, the asset returned to its low-volatility status. This is also the situation at the time of writing. BTC is showing no yield signs of recovery. Nonetheless, one of the major levels to watch is the 25k support. This comes after it dipped to a low $25350 which may indicate a retest of this highlighted mark.

2. Ethereum (ETH)

Ethereum was not shielded from the bloodbath that raised the crypto market last week. It struggled to hold onto several supports. Nonetheless, on the weekly scale, it lost 8%. Let’s see what transpired on the daily scale.

Like most cryptocurrencies, the coin was fairly bullish on Monday. It opened trading at $1,839 but succumbed to bearish pressure and dropped to a low of $1,833. However, it rebounded and went as high as $1,854 but closed with no notable change in value.

The major highlight of the week happened on the fourth day. As with BTC, ETH started the day at $1,805 and experienced a significant increase in selling pressure. Due to this, it started a huge downtrend that saw it flip several supports. The first on the list is the $1,720 barrier. As a result of the intense pressure, prices went below it with relative ease.

The next major level it broke was the $1,600 support. Like the previous, the apex coin slid through it like a knife on butter. Afterward, it hit a low of $1,542 but rebounded and ended the day at $1,683. The close indicates that the asset lost almost 7% of its value at the time. Nonetheless, the last three days of the week were filled with very little volatility.

With a focus on the current week, Ether is showing no significant signs of recovery. Over the last 40 hours, it lost more than 3%. A few hours to the time of writing, it dropped to a low of $1,581 before recovering. This is an indication that ETH may flip the $1,600 barrier this week.

The previous week was one of the most profitable for most cryptocurrencies. During the first half of the session, they registered two notable increases in value. For example, Thorchain had its biggest moves over the last 7 days. As a result, it is up by more than 50%.

The second top gainer during the period under consideration. It kicked off trading at $1.20 but experience a significant increase in buying volume that shot prices to retest its 14-day high. As a result, it tried retesting $1.50 but experienced strong rejections at $1.45. Following the correction it closed at 1.40 which signified a more than 18% increase in value at the time.

These increases boldly reflect on the global cryptocurrency market cap. On Tuesday, the sector’s valuation reached a high of $1.18 trillion. This marked a more than 3% increase from its low on Monday of $1.14 trillion. After these notable changes, the crypto market was relatively dull as it was void of volatility.

With a focus on the new week, the sector under consideration is seeing more price movement. However, these moves are mostly bearish. As a result, the crypto industry values may return to last week’s low.

Nonetheless, several cryptocurrencies are showing huge potential at this time. Let’s see how some of these assets will perform over the next five days.

Top Three Cryptocurrencies to Watch

1. Bitcoin (BTC)

Bitcoin’s performance during the last 7 days was short of huge volatility. Nonetheless, the Apex coin returned to its fourteen-day high. In the end, a green doji presented price actions over this period.

It kicked off trading at 29000 but broke the support and dropped to a low of 28671. Afterward, it rebounded but failed to register any significant increase throughout the day.

That changed on Tuesday as the asset under consideration had its biggest move of the week. It started trading at 29186 and made an attempt at 30k. It broke through the barrier and hit a high of 30210. However, it failed to gain stability above the mark as it we traced and closed at 29764. Additionally, it failed to record any significant increase in the end.

After this notable attempt at resistance, BTC saw very little volatility. Due to this, it maintained trading within a very small channel. I did not go below 29k and did not attempt 30K.

At the time of writing market conditions have not improved. The coin is still struggling with volatility and is seeing a very small amount. For example, since the week started BTC has not recorded any move worth 2%.

Nonetheless, indicators are offering insight into what may transpire over the next 5 days. The moving average convergence-divergence displayed a bearish divergence 2 days ago which may continue to play out throughout the week. This means that the assets may continue to see a gradual decrease in value.

As with previous times, one critical level to watch is the 29,000 support. Following MACD, BTC may drop as low as 28k if trading conditions remain the same.

2. Solana (SOL)

Solana’s performance during the previous week was filled with volatility as it tested critical support and resistance. In the end, it closed with losses of more than 4%.

One of the major highlights happened on Wednesday. The altcoin kicked off trading at $24 but saw a little increase in selling volume that saw prices retest a critical support. It attempted the $22 barrier or filters it rebounded at 22.8. However, it closed at $23 which signifies a more than 3% decrease in value at the time.

Following this major move, the asset was mostly dull, with no significant push at any resistance or support. However, it had its biggest positive price change on Sunday as it surged as high as 23.4 after it opened to trading at 22.6. It’s closed almost at its peak which indicates an almost 3% increase.

With a focus on the new week, solana may see more uptrends. Based on price patterns, the previous week’s price action created a falling wedge which indicates an impending uptrend.

3. Injective (INJ)

The past week was one of the most bearish for injective. In addition to seeing reduced volatility, it also registered significant decreases during this period. As a result, it lost the critical levels it held for more than 14 days. It is worth noting that it also had some positive moments.

One such moment happened on Tuesday when it kicked off trading at 7.90 and gained stability above $8. It attained a high of $8.22. However, it retraced and closed at 8.10 but registered an increase of almost 3% in the end.

The next day was the opposite of Tuesday’s actions. INJ broke $8 and dropped to a low of 7.80. Although it saw a small recovery, it closed with losses of almost 3%. The trend continued on Thursday as the altcoin made an attempt at the 7.50 support. The barrier held out against the trial and the assets rebounded and close at 7.68.

The last 3 days of the week were some of the dullest as the cryptocurrency failed to make any major moves. On the weekly scale, the asset lost a little above 2%.

With a focus on the current week, injective is saying more volatility. However, the asset is very bearish at this time. Since the start of the current intra-week session, it has lost more than 7%. As a result, indicators are displaying new readings.

For example, the relative strength index is currently at 31. This is owing to the sharp decline in buying volume. If this trend continues the assets may become oversold. This could play out in the favor of the bulls as it is a sign of an impending uptrend

Most cryptocurrencies are singing a huge increase in value at this time. The crypto market is close to a $1.20 trillion valuation due to these increases. It is hard to pinpoint the trigger for the most recent improvement in market condition, however, fundamentals played a huge role.

Nonetheless, this was not the case during the previous intra-week session. The crypto market kicked off at 1.18 last week Monday but surged to a high of $1.19 trillion on Wednesday. Following this peak, the sector under consideration dipped as low as $1.16 trillion and ended the seven-day period at this valuation.

After the huge volatility on the third day of the week the global cryptocurrency market cap was mostly flat throughout the rest of the session.

Some altcoins registered huge losses during this time. For example, COMP kicked off the previous week at $70. Nonetheless, during the first half of the session, it made an attempt at the $80 resistance but failed. As a result, it retraced from $79 and drop to a low of $54. It rebounded and closed at 56. This indicated a more than 19% increase in value.

With the most recent increase in the worth of crypto assets, the next five days promise a lot of action.

Top Three Cryptocurrencies to Watch

1. Bitcoin (BTC)

As with the trend over the last two weeks, bitcoin ended the previous one with no significant increase. Although it’s made an attempt at 30K, 8 faced strong rejection at the mark and dropped to a close at 29,000. It is also worth noting that the apex coin lost the $29k support.

This happened on Tuesday when it began trading at 29221 but due to a low of 28574. Nonetheless is rebounded and tried to test $30,000. However, it failed in this bid as it faced strong rejection at $29,715. Additionally, it ended the day a little lower than its high and failed to register any significant gains.

During the next intraday session, BTC briefly broke 30K after a quick rebound at 28929. As with previous attempts, it retraced and close at 29164. The swath of the biggest moon during the previous 7-day session.

The cryptocurrency is showing huge potential at this time. A few minutes to the time of writing, it broke above $30,000 and surged to its fourteen-day high. It went as high as 30210 but is currently exchanging 29780.

The previous intraday session also hinted at more increases over the next 5 days. A closer look at the condo representing that’s trading period reveals a hammer. This candlestick pattern came after three days of consistent decreases. The pattern signals the end of a downtrend. If this holds true, BTC may gain more stability above 30K.

Indicators are also positive at this time. For example, the moving average convergence divergence is currently hinting at a bullish divergence. The Relative Strength Index is also at 54 which is the highest it attained since July 14. This is an indication of an increase in buying volume which may trigger more price improvement.

2. Hedera (HBAR)

Hedera had a very fruitful performance during the previous week. A look at the candle representing trading actions during this period depicts a long green one which signifies a notable positive change in value at the time.

However, breaking down the charts to the daily timeframes paints a rather different picture. During the first two days of the intraweek session, it failed to register any insignificant change in value. This changed on Thursday as the coin made an attempt at a critical resistance.

It kicked off trading at 0.052 and tried breaking the 0.055 barrier. The effort yielded very little result as it failed to crack it. This is a result of experiencing a rejection at 0.054. Afterward, it retraced to a close set to 0.053; failing to record any notable increases.

The biggest move of the week happened on Sunday. HBAR started trading at 0.052 and enjoyed a massive increase in buying volume that shot prices to its fourteen-day high. It breaks the previously highlighted barrier and sets sight on another. This time, it was the 0.060 resistance. However, it failed to gain stability above it as it retraced to a close at $0.0057; indicating an almost 10% increase.

With a focus on this week, the asset is continuing its uptrend after a short break on Monday. Following price action on Sunday, indicators like the Moving Average Convergence Divergence and the Relative Strength Index are showing signs of more price increases. For example, MACD is displaying a bullish divergence.

With this in mind, HBAR may attempt the $0.060 resistance again.

3. Optimism (OP)

Optimism I was also one of the few cryptocurrencies that had significant increases during the previous interweek session. On the weekly scale, it closed with gains of almost 5% after an intense fight struggle between the bulls and bears.

Breaking it down to the daily chart tells a different story of what transpired. Nonetheless, one of the major highlights of the week happened on Monday when the asset peaked at $1.80. It soon retraced to its opening price and failed to register any significant increase.

Another significant move happened 3 days later when it opened trading at $1.63 and enjoyed a notable hike in buying volume that shot prices to a retest of the $1.80 resistance. However, like the previous attempted field seeking stability above it, and retraced to a close at 1.71.

With the new week upon us, one of the most important levels to keep an eye on is the 1.60 support. This comes after another failed attempt at the 1.80 barrier on Monday. The current intraday session is also an indication of more price decreases ahead.

Most cryptocurrencies failed to register any significant increase during the previous seven days. Market sentiment during this period was one of the dullest. As a result, most assets did not experience any significant increases.

The cryptocurrency fear and greed index was mostly neutral. Nonetheless, at the start of the period under consideration, it is worth noting that the metric was bearish as most coins and tokens lost a considerable amount of their value. Due to this, the crypto market lost a considerable amount of its value at the time.

The global cryptocurrency market cap was at $1.20 trillion at the start of the week under consideration.  However, it dipped to a low of $1.16 trillion in the late hours of Monday but recovered as the day progressed. Additionally, it was unable to go higher than its open due to market conditions.

The sector under consideration closed the previous intraweek session with losses of almost 5%. A closer at the top 100 showed that most assets in the top 10 did not register any significant increase in the end. For example, Ethereum closed with losses of more than 3%.

It is also worth noting that over the last seven days, the sector under consideration did not see any huge fundamentals that could impact price. The same conditions apply to the new week as there are no announcements at this time. Nonetheless, let’s examine how some assets may perform over the next seven days.

Top Three Cryptocurrencies to Watch

1. Bitcoin

Two weeks ago the apex coin failed to register any significant increase at of the intraweek session. The trend continued into the last seven days and BTC lost almost 3%. A closer look at the daily charts suggests that the coin did not make significant attempts at critical resistance as it saw low volatility for the most part of the week.

It kicked of the period under consideration at $30,000 but experienced a sharp decline in buying volume. As a result, it dropped to a low of $28,842. This is the first time it is retracing to this level in more than a month. It also flipped a critical support in the process. However, it rebounded and reclaimed $29k before the end of the intraday session.

Monday ended with Bitcoin losing more than 3%. This also marked the last time it surged above $30k. Nonetheless, on Wednesday, it made an attempt at the resistance. It failed to reach the mark as the coin faced strong rejections at $29,600. Additionally, the asset under consideration held onto the $29k barrier for the rest of the week.

With the week in focus, it is worth noting that trading conditions have not improved. This means that the cryptocurrency under consideration is still experiencing low volatility. With this in mind, it is worth noting, if the trend continues, BTC may maintain the $29k support.

2. Maker (MKR)

On the weekly scale, Maker is closed the previous week as its most productive. It is worth noting that the coin went against the prevailing sentiment and saw massive volatility during this period. Additionally, it broke key levels over the last 7 days.

For example, on Monday at the conduit to a low of $1000. Afterward, it rebounded and surged closer to its opening price. This was the lowest asset went throughout the week. On Tuesday, the coin had one of its biggest hikes. It kicked off trading at $1,066 and surged to a high of $1,188 reclaiming $1,100. However, it’s experienced huge rejections that saw it drop to a close at $1,136 which indicates a more than 6% increase.

Another key highlight of the week was Saturday. The coin opened trading at $1179 and broke through the $1,200 support. As a result, it peaked at $1359. As with its previous attempts, it’s saw massive rejection and retraced to below 1,300. Nonetheless, they smacked another huge increase as it closed with gains of almost 9%.

With a focus on the new week, maker is struggling to hold on to its previous gains. A look at the current intraday session shows that the coin attempted flipping 1,300 but registered little to success. It retraced and is currently struggling at $1241.

Indicators are pointing to an impending downtrend. For example, the relative strength index is currently above 70. This means that the asset is currently overbought and due for correction. The moving average convergence-divergence is also showing signs of an impending bearish convergence.

With signs of an impending decrease in price, one of the key levels to watch is the 1,200 support. If it fails MKR can go as low as 1100.

3. XDC Network

Like some of the cryptocurrencies to watch this week, XDC network registered notable increases during the previous intra-week session. As per sources, the token enjoyed a more than 300% increase in Trading volume. As a result, it hit levels it had not attained since June 2022.

The main highlight of the week happened on Wednesday. The cryptocurrency opened to trading at $0.053 and saw a sharp increase in buying volume. Due to this, it made an attempt at $0.070 with little success. After flipping the mark, it retraced to a close of $0.059. Although it lost more than half of the value it gained, it ended the day with gains of more than 10%.

Following this massive move, the coin struggled for the rest of the week. Nonetheless, it is seeing an increase in price at the time of writing. It kicked off the current intraday session at $0.057 and is currently trading at $0.061. This indicates that it is currently up by more than 7%.

However, the relative strength index is blaring warnings. Due to the most recent move, it is at 69. If the increase continues, it may break above its bounds.

Bitcoin and most cryptocurrencies are seeing a gradual decline in value. For example, the apex coin slipped below $30k during the previous week and failed to recover.

This trend also permeates the entire market as the global cryptocurrency market. The global cryptocurrency market cap was at $1.20 trillion at the start of the previous intraweek session.

However, it experienced a lot of volatility that saw it enjoy relative stability above $1.2o trillion. As the week came to an end, the value of the industry went as low as $1.18T. It closed a little lower but did not register any significant change in value.

The crypto market was a bit quiet as there was no huge fundamentals that could cause a notable change in the price of some assets.

This week, the value of major crypto assets is down by a few percent. It is hard to predict how they may perform over the next five days as the sector under consideration is still quiet with no huge announcements.

However, cryptocurrencies like DOGE and XDC are seeing significant improvements in price. Let’s see how some other assets trade

Top Three Cryptocurrencies to Watch

1. Bitcoin

Last week, bitcoin failed to register any significant increase. A closer look at the charts shows a candle with a small body and long wicks extending downwards. This suggests that the coin retraced to a critical support but rebounded before the session ended.

The coin opened the period under consideration at $30,247 and held this mark for a very short time as it slipped below 30k on Monday. Although it recovered, it failed to gain stability above the said mark. This was also the trend throughout the seven-day period.

However, there were periods the coin made significant attempts at an uptrend. One such was on Thursday when it opened at $29,900 and tried retesting $30,500. It failed in its bid as it faced strong rejections at $30,414. It retraced as a result and dropped to its opening price. This was also the highest the coin it went during the period under consideration. Following this leap, the cryptocurrency did not see any significant push or downtrend.

With a focus on the week, BTC is exhibiting notable volatility. For example, it kicked off Monday at $30k. As the day progressed, the asset experienced a massive decline in buying volume. As a result, it dipped below $29k for the first time in more than fourteen days. It hit a low of $28,842 before rebounding. However, it closed trading at $29,177 which indicates a more than 3% decrease in value.

Bitcoin is not showing any huge signs at the time of writing. The candle representing the current intraday session is a very small doji that depicts low volatility. Nonetheless, it is green which is a relief from the previous day’s losses.

Indicators are silent as to how BTC may perform in the coming days. However, based on previous price movements, the apex coin may experience small increases over the next five days.

2.Dogecoin

Dogecoin did register massive gains during the previous intraweek session. Nonetheless, the coin saw a lot of volatility during this period. However, like most cryptocurrencies, it had an even start to the session.

Last Monday, it opened trading at $0.069. It saw a massive increase in buying volume that shot it as high as $0.073. Afterward, it retraced to a low of $0.067 before rebounding. All the moves failed to reflect on the daily scale as DOGE returned to its opening price and ended the day with no significant change in value.

Following a small decrease the next day, the altcoin climbed over the next three days. One of the highlights was on Friday when it recorded it biggest gain of the week. It started trading at $0.070 and surged to a high of $0.076. It retraced as it experienced strong rejection and closed at $0.073. This was the high for the week and the asset gained almost 4%.

Dogecoin is still experiencing high volatility at this time. It kicked off the current intraday session at $0.074 and shot to a high of $0.083. This marked the first time in more than a month the coin is crossing $0.080. Nonetheless, it closed at $0.081 which indicates a more than 10% gain.

This increase is raising concerns as the Relative Strength Index is at 72; DOGE is overbought. In the coming days, traders may brace for corrections.

3. Stellar Lumen

Stellar Lumen saw massive increases during the previous week. On the weekly scale, the coin gained almost 18%.

One of the biggest moments during this period was on Wednesday. It kicked off trading at $0.13. However, as the day progressed, it made attempts at key levels. One such is the $0.16 resistance that broke due to a massive demand concentration at the mark. It went further but halted at $0.167. It dropped to a close at $0.15 which indicates a more than 18% positive change in value.

Following that surge, RSI was at 71; the asset was overbought. This also spelled an impending downtrend. The decreases took place over the last three days of the week.

However, XLM is yet to recover from its downtrend. During the previous intraday session, it lost more than 6%. The candle representing the current intraday session is a red doji which signifies that the asset is still losing a fraction of it worth.

Stellar Lumen may recover as RSI is back below 70. One key support watch over the next five days is the $0.14. If this barrier fails, the altcoin may go as low as $0.13.

The cryptocurrencies to watch this week showed huge potential during the previous intraweek session. They also recorded notable changes in value that may continue over the next five days. Before delving into these assets, let’s go over key events that took place during the previous seven-day period.

The crypto market started trading with its total value at $1.05 trillion. However, as trading conditions improved, it peaked at $1.07. While many argued that this was insignificant, the sector had a sharp decline a few days later.

It dropped to a low of $1.01 trillion and threatened to go lower. It recovered and closed the period under consideration at $1.06 trillion. Judging by the global cryptocurrency market cap, not much happened over the last seven days. However, this is false.

During this period, one of the top gainers was TWT. lIt surged by more than 22% and erased all of its previous losses. KCS also took the same path but failed to fully erase its losses as it gained 18% as opposed to the 19% drop it suffered.

On the other hand, assets like BTT are still grappling with the effects of an 11% drop in value during the previous intraweek session. It has not recovered from the bearish dominance that took over on Wednesday. This was due to a negative CPI release.

WIth a brief overview of what transpired during the previous seven-day period, let’s see what lies ahead for he next five days.

Top Three Cryptocurrencies to Watch

1. Bitcoin (BTC)

2. Solana (SOL)

3. OKB (OKB)

 

Most cryptocurrencies had one of their worst performances in previous weeks. Most of these assets lost a huge chunk of their value at the time. This fall had a substantial effect on the value of the entire crypto market.

During the abrupt decline in value, the industry lost more than 5% of its value. At $1.04 trillion, it was at its lowest during the seven-day session. This bearish action took place over the weekend and in less than 4 hours. It opened Saturday at $1.1 trillion on that day but fell to the bottom, marking a more than 5% decrease.

Despite a small recovery, the decrease in the value of major assets affected the market’s weekly outlook as it finished Sunday at $1.06 trillion. This indicates that it lost more than 6% from its $1.15 trillion opening price.

A significant selloff from a whale is the obvious perpetrator, notwithstanding the claims of many people who say they do not understand what prompted the dramatic change in sentiment and trajectory. This happened as a result of a well-known whalewatch’s report a few days earlier that Robinhood intended to sell bitcoin worth more than $1 billion. The result was a reverberating event.

The majority of the assets are still in danger, according to a thorough analysis of trade activity at the time of writing. By creating new support systems or maintaining an old one for the long term, some people are exhibiting immense potential, though. Consider how these currencies might perform this week.

Top Three Cryptocurrencies to Watch

1. Bitcoin (BTC)

During the previous week, Bitcoin lost more than 4%. This marks the second week of consecutive losses for the asset after losing more than 3% the session before. However, the weekly scale does not fully cover key events that took place. Let’s see them.

The apex coin went started the previous week at $27,114. Following that, it saw a dramatic decline in price and lost numerous levels. As a result, it hit a  low of $25,389. Nonetheless, it rebounded and gradually edged to $26k but was unsuccessful and closed at $25,739. The closing price implies that the cryptocurrency had a decline of more than 5%.

On Tuesday, BTC surged past all of the levels it lost the previous day and peaked at $27,236. In the end, the asset climbed by more than 6%.

Following this hike in price, many expected more increases. However, this never happened as Wednesday was another bearish period for the asset. The apex coin lost more than 3% and dropped to a low of $26,140.

A look at the daily chart points to the fact that bitcoin was relatively stable until Saturday. This massive change affected most cryptocurrencies which suggest that the crypto market was largely bearish. As a result, BTC broke the $25k support and dropped to a low of $25,420. Although it recovered, it closed with losses of more than 3%.

With a focus on the new week, the apex coin is gearing up for another massive move. A clear indication of this is the Relative Strength index. It is currently stable above 40 and held this position for more than 48 hours.

The direction of the move is also unclear as indicators like MACD are silent. However, based on the previous week’s performance, BTC is gaining a lot of demand concentration at $25,400. This is an indication of a developing support. As such, the top cryptocurrency may not drop below this mark within the next five days.

The $27k resistance is one of the crucial levels to keep an eye on near the top. This week, BTC might take it back.

2. Ethereum (ETH)

Like most cryptocurrencies, ETH is also grappling with the effects of previous losses. During this period, it registered its biggest loss since April. It lost more than 7% during the previous intraweek session.

Like most cryptocurrencies, ETH had a bad start to the session under consideration. Monday kicked off with prices at $1,891. However, it saw an increase in selling pressure that saw it dip to a low of $1,775. Although it recovered, it closed at $1,752 which signified losses of more than 4%.

Another major drop happened on Saturday. it kicked trading at $1,739 but retraced and retested a key support. It attempted the $1,600 barrier but failed as buying volume increased. Due to this, it closed at $1,651. This was also its biggest loss of the week as it lost more than 5%.

With a focus on the next five days, ETH is gearing up for a major push. It’s hard to determine the direction of this push as indicators are silent. However, due to price action over the last 40 hours, RSI decline is gradually coming to an end. It is currently close to 40 which may point to an impending price increase.

On the other hand, price performance over the highlighted period is worrisome. Ethereum failed to record any massive or notable change in value. This may also be an indication of more downtrends ahead. If this happens, the apex altcoin may drop to levels it hasn’t over the last three months.

3. Solana (SOL)

Solana also suffered big losses the previous week. It decreased by more than 28% when it reached the levels it left in January.

SOL’s price decreased to $13. The session started at roughly $21, but due to the intense selling, it dropped to the low. Nevertheless, it recovered and ended the day at $15, with the trend of several indicators altering a few times. They include MACD. There is currently a bearish divergence, which could signal future price declines.

The market is still on a decline. A strong proof of this is provided by price fluctuation over the prior 40 hours. Solana didn’t record any major gains during this period. The Relative Strength Index offers some positive news.

SOL is currently oversold which may indicate an impending reversal in market trends. If this happens, the altcoin may reclaim lost levels.