The cryptocurrencies to watch this week are showing strong bullish signs. Most of them registered notable increases over the last 24 hours, with indicators hinting at more improvements in price.
Nonetheless, during the previous week, the crypto market saw significant changes in its value. For example, the global cryptocurrency market cap opened the intraweek session with valuations at $1.07 trillion but surged to a high of as the session progressed.
Although it dipped a bit lower than its opening price, the high indicates that it recovered. In the end, it closed a $1.18t; signifying a more than 5% hike in value.
Aside from the entire sector, individual assets also registered massive increases. One such is Bitcoin Cash. The token saw a lot of buying volume during this period. As a result, it closed the previous seven-day period with gains of more than 81%.
PEPE was also one of the top gainers as the memecoin received a lot of attention. It surged by more than 70% during the period under consideration.
On the other hand, a look at the top losers showed assets with very minimal losses. However, this is not the same condition at the time of writing as some are down by a significant figure.
Let’s look at some cryptocurrencies that may continue the trend from the previous week.
Top Three Cryptocurrencies to Watch
BTC/USD
In the weekly chart, Bitcoin is down by a small percentage. However, this was not the case during the previous week. The coin closed with a notable positive change in prices. This comes as no surprise as the cryptocurrencies to watch at the start of that period carried a lot of positive predictions for the asset.
One such prediction was that the apex coin may continue to hold on to $26k support and make attempts at other key levels. Over the first two days of the session, this was the trend with no drop to the barrier as huge demand concentrations held BTC from seeing any major decrease in value.
The article also predicted a surge to $30k. After flipping $28k for the first time in more than fourteen days, it was evident BTC may retest the highlighted level. Nonetheless, the apex coin recorded significant increases on Tuesday as it surged from an open of $26,840 and closed at $28,315 after it peaked at $28,441. Additionally, the day ended with the asset under consideration gaining more than 5%.
On Wednesday, bitcoin made its first attempt at $30k. It broke the resistance and rose to a high of $30,755. However, it retraced and ended the 24-hour period at $30,009. This also signified a more than 5% positive change in value.
On Friday, the apex coin went further and tried to flip $31k. It saw a significant increase in buying volume that saw it peak at $31,458. However, it faced strong rejections and retraced to a close at $30,716. This also signified an almost 3% increase.
A look at the daily chart suggests the apex coin is struggling to hold on to key support. However, BTC held on to the $30k support Saturday. A flip of this barrier may see it drop to 28k.
