Top 5 Crypto You Should Watch This Week, with many crypto altcoins producing price gains of two or more digits.
The recovery has sparked the excitement and belief that the bottom could be in for many crypto assets with the hope of a bull run in a short time. Let us discuss the top 5 crypto assets you should watch this week.
Disclaimer: The picks listed in this article should not be taken as investment advice. Always do your research and never invest more than what you can afford to lose.
Bitcoin (BTC) Price Analysis As A Top 5 Crypto
From the chart, the price of BTC has continued to show bullish strength after retesting the price of $25,200 and was rejected from that region.
BTC is currently trading at $24,170 at the point of writing this article. The price of BTC is in a rising wedge; a breakout above the wedge could see the price of BTC going to the region of $27,000 – $28,500.
A breakout below this rising wedge could see the price of BTC retesting the support region of $21,400.
Price Analysis Of Ethereum (ETH) On The Daily (1D) Chart
The price of Ethereum has outperformed BTC in the past few days after showing bullish strength to a region of $2,000.
ETH price was rejected from $2,000 with what seems to be a resistance for ETH price to trend higher.
The price of ETH is trading above the 50 Exponential Moving Average (EMA) at $1,886 at the point of writing.
If the ETH price maintains its bullish structure, we could see the price breaking $2,000 to a region of $2,500, but If ETH gets rejected, the price of $1,622 corresponds to the 50 EMA, which would be good support for the ETH price.
Price Analysis Of Binance Coin (BNB) On The Daily (1D) Chart
The price of BNB was rejected from its resistance of $327 and is currently trading at $316.
BNB has maintained its bullish structure despite the rejection. A break of about $327 could see the price of BNB retesting the region of $388.
If the price of BNB gets rejected, the price of $286 that corresponds to the 50 EMA will act as a support.
Price Analysis Of Sand Box (SAND) On The Daily (1D) Chart
The price of SAND has continued to struggle above $1.3 support which corresponds to the 50 EMA; a break below this region could see the price of SAND retesting $1.18.
If the price of SAND breaks above the resistance of $1.4, we could see the price trending higher to a region of $2.
STEPN (GMT) Price Analysis As A Top 5 Crypto
GMT has formed a bullish wedge as prices continue to range and bullish strength ahead of a breakout. A breakout to the upside could see the price of GMT trending to a region of $1.5.
The trendline on the daily chart for GMT price acts as support.
Featured image from Cryptimi, Charts from TradingView.com