This week’s top cryptos

This week's top cryptos

The list of the five most fascinating cryptocurrencies that we believe are worth keeping an eye on this week is comprised of those coins.

The cryptocurrency market as a whole had a decline, which resulted in the crypto marketcap being rejected from its resistance level of $1.2 trillion. This had an impact on the major cryptocurrencies.

As a direct consequence of this, the tone of the market has reverted to being bearish, and several crypto assets are currently sitting on important support levels. Let’s take a look at the top five cryptocurrencies that you should be keeping an eye on this week.

A List of the Top 5 Cryptocurrencies to Keep an Eye On

The list of the top five cryptocurrencies that you should keep an eye on this week will, of course, begin with Bitcoin and a few of the other cryptocurrencies that are more well-known.

  • Analysis of the Top Cryptocurrency Prices – Bitcoin

The price of Bitcoin (BTC) was reportedly rejected from $25,200 in a rising wedge pattern with a bullish upsurge, as seen by the chart. The rejection of the barrier led to a break down in price for bitcoin, which occurred in the direction of a downward trend.

At the time of this writing, the price of one bitcoin has reached $21,100. The price of BTC was unable to maintain support at $22,500, which prompted a retest of lower support in the vicinity of $20,800.

If the price of Bitcoin falls below the support level of $20,800 that has been holding it there, it is possible that it may fall to the neighborhood of $19,000, which has been identified as a demand zone for Bitcoin prices in recent weeks.

  • An Analysis Of The Price Of Ethereum

After displaying a strong trend in the days leading up to “The Merge,” the price of Ethereum has just surpassed that of BTC and has risen to a level higher than $2,030.

The price of ETH was unsuccessful in breaking over the $2,030 level, indicating that there is opposition to the price of ETH continuing its upward trend. At the time this article was written, the price had dropped to approximately $1,570.

The price of ETH is currently trading at a level that is lower than the 50 and 200 Exponential Moving Averages on a daily basis (EMA).

If the price of Ethereum continues to fall, we may see it retest the $1,300 level, which acts as a strong support zone and sees heavy demand.

  • Analysis of the Price of Binance Coin

The price of BNB has been unable to break through the resistance level located at $327, and it is currently trading at $296.

Chart of the price of Binance Coin over the past 24 hours CoinGecko is the cited source.

BNB has been able to keep its bullish structure intact in spite of the setback. If the price of BNB drops below $290, it is possible that it may retest the support level of $250.

At a price of $288, which is also the location of the 50-day moving average, the price of BNB has discovered a level of support that is quite stable. BNB needs to maintain its position above in order to increase its chances of rising upward.

  • Trezor Cost Breakdown and Analysis

The price of Trezor has remained bullish, staying far above both the 50 and 200 exponential moving averages (EMAs).

TRB has maintained its strength and continued to adhere to the upward trendline despite the decline in the market for crypto assets.

TRB was able to push through and overcome the barrier level of $40; a closing price that was higher than this level might push the price up to the $60 range. If TRB is unable to maintain the support provided by the trendline, $32 is a solid level to hold prices at.

  • Price Analysis Of EOS

A bullish pattern has formed in EOS as a result of the cryptocurrency’s breakout from a range channel and subsequent support at $1.4. It is possible that the price of EOS will retest the $1.75 level as resistance if the market continues to go higher and EOS manages to keep this support level.

If the EOS support level is breached, the $1.26 level will need to be retested as the support level.