The last seven days were filled with mixed market sentiments. While some coins were surging or dipping, some were trading sideways.
Ethereum led the alt rally last week as it recorded a new all-time high at the start of the new week. Coins like ETC, DOGE, TEL and BCD joined the price rally later and made a tremendous impact in the market.
This week holds a lot of secrets as to how crypto prices will play out. While some coins will accumulate, some will dip and others, surge as usual. Here are the top four cryptocurrencies to watch as the week unfolds.
Last week saw Ethereum steadily rise by more than 30% to record a high above $3,900. Crypto’s second-born saw a low of $3,245 and a high of $3,932 as reached its previous all-time high.
The next seven days will see ether trade consistently above $3,800. The buyers will accumulate between $3,800 and $4,000. An increase in bullish action within this price range will result in a price hike above $4,500.
The bears will mount a lot of pressure on the $3,800 support. A massive sellers congestion could also bring prices crashing to as low as $3,500.
At the time of writing, Dogecoin is trading above $0.45; a 39% drop from its previous all-time high of $0.73. The next seven days will see DOGE recover from this price drop.
Only during extreme seller congestion will dogecoin drop below $0.4. A stalemate between the two major factions of traders keeps prices trading within the $0.4 region before a major breakout above $0.5.
The last seven days saw Solana record loss of 8% as it had a low of $42 and a high of $46. The next seven days will see the 17th by market cap trade with $41 and $45 before a major breakout above $46.
Solana may also record a new ATH this week if the buyers continue to accumulate the coin. A price rally above $47 will guarantee that SOL test its ATH.
Polygon recorded gains of more than 11% in the last seven days and recorded a loss of equal amount in the last 24 hours. The buyers will start a rally that may propel MATIC to a new all-time.
The current polygon ATH is $1.03 according to Coingecko. At the time of writing, there is a price rally underway that may see MATIC trading above $1 and pump prices to as high as $1.05.
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