The last seven days ended almost the same way it started as there was little difference between the week’s open and close. The crypto market was a little stable until the market dipped on the third days of the week.
The market was quick to recover and continue trading sideways. The new week is unfolding with a lot more promise than the previous. A few hours to the time of writing, BTC and most cryptocurrency surged and revisited some price levels. The surge raises a lot of questions about price performance this week. Here are the top four cryptocurrency to watch this week;
Crypto largest coin had a very volatile week as it lost over 2% in the last seven days as it closed the week at $35,530; lower than its open of $35,880. BTC saw a low of $31,114 and a high of $38,470.
The last 24 hours ushered in the new week as it offered traders hope. Crypto firstborn coin retest and flip $39,000 over the last 24 hours. Unfortunately, the bulls couldn’t hold the market momentum as bitcoin retraced to the $38k region.
BTC was unable to test $40k last week. More indications including the quick surge crypto largest enjoyed a few hours ago that this week may see it hit $40k. Possibly we see the golden cross in the next seven days.
The Binance native coin had one of its poorest weeks during the last seven days. BNB saw a high of $407 as the week opened at $390. The coin also hit a low of $319 and recovered during the next few days after the dip but closed the week at $345 as it lost almost 12%.
The last 24 hours saw BNB rise as high as $370. The next seven days may see BNB enjoy a price rally as the buyers will increase their bags. A larger price hike like the one experienced in the last 24 hours may take place and BNB may retest $400.
Solana started last week at $42 and saw a high of $44. The thirteenth coin by market cap dipped as low as $33 and record its low during the last seven days. A recovery from $33 was not enough to save the coin as it closed last week at $36; losing 15%.
Solana will rise to $40 in the next 24 hours if the buyers defend the $38 support. Once $40 flips, we will see an intense struggle to keep the coin under $40. If the bulls defend the $40 mark, we may see the coin hit $42 in the next seven days.
The last seven days saw Polygon lose more than 15% as it open last week at $1.52 and closed at $1.25. The sixteenth coin by market cap saw a high of $1.72 and a low of $1.25.
The new week will see polygon try to extend the price rise it enjoyed in the last 24 hours. Sustenance of the $1.4 support will guarantee a flipping of the $1.5 resistance. We may see MATIC rise as high as $1.7.