TOP 5 Cryptocurrencies To Watch This Week

Crypto market prices moved away from support on all levels, but the crypto marketcap found some relief recently and is now aiming to overcome its resistance of $1.2 billion. Market sentiments have returned to bullish as many cryptocurrency assets rallied from key support, generating double-digit gains. This week, let’s focus on 5 top crypto assets you need to be aware of.

These picks should not be considered investment advice. Do your homework and don’t invest more than you can afford.

TOP 5 Cryptocurrencies – Bitcoin (BTC), Price Analysis 

BTCUSDT Price Chart Daily | Source: BTCUSDT On

Source: BTCUSDT On| Source: BTCUSDT On Tradingview.comThe chart shows that the BTC price was rejected at $20,400. Bulls tried to push it higher, serving as resistance.

At the time of writing, BTC was trading at $19 200. BTC’s price could not move out of its ascending triangle as it continued to fluctuate in that triangle, with hopes of moving to the upside. BTC prices at $18,800 continue to provide support. Any break below the price will result in BTC losing its lower support level of $17 700-$17,000.

If the ascending triangle is broken, the price may rally to as high as $21,500-$22,000. 

The Daily (1D), Chart: Price Analysis of Ethereum (ETH).

Source: EthereumUSDT on| Source: ETHUSDT On

Despite the price of Ethereum in recent weeks outperforming BTC after showing a bullish trend ahead of “The Merge,” the price has faced resistance to breaking above $1,400, with the next key support at $1,000 looking more likely for price. 

The ETH Price was rejected at $1,370. This seems to indicate that there is resistance to ETH’s trend higher. This led to the price falling to $1,250. The price rebounded to $1,320. 

The price for ETH as of the writing time is $1.325. This trading lower than the 50-200 Exponential moving average (EMA), on a daily basis.

We could see the price retesting between $1,200 and $1,000 if the ETH price keeps its bearish structure. This would be a major support area with high demand. 

Prices Analysis of Binance Coin (BNB), On The Daily (1D), Chart

BNBUSDT Price Chart Daily | Source: BNBUSDT On

BNB fell below its resistance at $290, and it is trading now at $280.

BNB’s bullish structure has been broken. A break of around $270 could lead to BNB taking the $240 support area.

TOP 5 Cryptocurrencies – Market Analysis for Maker DAO(MKR), on The Daily (1D), Chart

Source: MKRUSDT On| Source: MKRUSDT On

Bullish trend continues to be evident in MKR’s price, which is well above the 8 EMA and 20 EMA. After a breakout of the descending Triangle creating a bullish scenario, it has been holding steady. 

MKR could retest $1,200 if the market looks more stable. MKR could be sold if the market is unstable. A retest price of $800 would serve as support.

Polygon price analysis (MATIC) on the Daily (1D) chart

Source: MATICUSDT on| Source: MATICUSDT On

MATIC’s price has been in a bullish triangle (ascending triangular) and could break to the upside. A breakout above the ascending triangle will mean that the price would rally to $1. 

Featured image taken from zimex. Charts from 

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