The top 5 crypto to watch this week is a list made of the most interesting cryptocurrencies we deemed worthy to watch.
The crypto market had a regression across the board, with the crypto marketcap being rejected from its resistance level of $1.2 trillion, affecting major cryptos.
As a result, market sentiment has shifted back to negative, with several crypto assets resting on crucial support levels. Let’s take a look at the top five cryptos to watch this week.
A List Of Top 5 Crypto To Watch
The top 5 crypto to watch this week will of course start with no other coin than Bitcoin and some of the other more famous cryptocurrencies.
Top Crypto Price Analysis – Bitcoin
According to the chart, the price of BTC was rejected from $25,200 in a rising wedge with a positive upswing. The rejection of the barrier caused BTC’s price to break out in a negative trend.
BTC is now trading at $21,100 at the time of writing. BTC’s price was unable to sustain support at $22,500, prompting a retest of lower support at around $20,800.
A breach below the $20,800 support level holding the price of BTC may see the price fall to the $19,000 region, which has been identified as a demand zone for BTC prices in recent weeks.
Price Analysis Of Ethereum
In recent weeks, the price of Ethereum has exceeded BTC after exhibiting a strong trend ahead of “The Merge,” climbing to above $2,030.
The ETH price was rejected from $2,030, indicating a resistance to the ETH price trending higher. At the time of writing, the price had fallen to around $1,570.
On a daily basis, the price of ETH is trading below the 50 and 200 Exponential Moving Averages (EMA).
If the ETH price remains negative, we might see it retesting $1,300 as a major support zone with heavy demand.
Price Analysis – Binance Coin
The price of BNB has been rejected from its resistance level of $327 and is now trading at $296.
Despite the setback, BNB has maintained its bullish structure. If the price of BNB falls below $290, it may retest the $250 support level.
The price of BNB has found strong support at $288, which corresponds to the 50-day moving average. To have a chance of moving upward, BNB must hold above.
Price Analysis of Trezor
Trezor’s price has remained bullish, remaining well above the 50 and 200 EMAs.
Despite the market’s fall in crypto assets, TRB has remained robust, adhering to the bullish trendline.
TRB broke over the $40 barrier level; a closing above this level might drive the price to the $60 range. If TRB fails to hold the trendline as support, $32 is a good level to hold prices.
Price Analysis Of EOS
After breaking out of a range channel and finding support at $1.4, EOS has produced a bullish pattern. If EOS maintains this support level and the market continues to rise, we may see the price of EOS revisit $1.75 as resistance.
A break below EOS support would force a retest of .
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26 as support.
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