Top 5 Cryptocurrencies to Keep an Eye on this Week: Chart Study 

Coinfomania 10 months ago Report
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Top 5 Cryptocurrencies to Keep an Eye on this Week: Chart Study 

The solidification of BTC in the current range could create trading moments for altcoins such as MATIC, KLAY, ADA, and SOL. Here, we are going to talk about the top 5 cryptocurrencies on which an investor should keep an eye as they indicate a short-term bullish signal. Though there may be risk involved and there is no denying that, but studying the charts, these cryptocurrencies may assist the traders in making gains.

Top 5 Cryptocurrencies to Watch This Week

Bitcoin – BTC

Watching the chart, it has been witnessed that the bulls were successful in purchasing the dip and accumulating BTC at lower levels. There are indications that forced by the bulls, the price of Bitcoin may move up to touch the levels of $35K.

Cardano – ADA

Bouncing back from the support level of $1, the native token of Cardano, ADA, is showing strong indications of moving up in the charts. In accordance with the short-term bottom formation, the price could show an uptrend to the area of $1.60 to $1.88.

Solana – SOL

The native token of the Solana blockchain, SOL price movements are telling that the traders are positive on the aggressive sentiment towards defending the $20 level, which is the 200-day SMA of SOL. Though the traders may try hard to break through the mark of $26.66, the balance witnessed on the charts show that the bulls will be favored.

Polygon – MATIC

The price actions on the chart of the native coin of Polygon, MATIC shows that there is a lack of sellers and the bulls are not allowing the price to fall to the mark of $0.74.

Klaytn – KLAY

As the native currency of Klaytn, KLAY has been trading below the 20-day EMA of $1.02 for quite a while now, the RSI indicators are signaling towards a positive divergence and that the sellers are losing their grip.

Sahaj Sharma

Sahaj Sharma

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.

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