TOP 5 Cryptos To Watch This Week – BNB, BTC, ETH, LINK, SOL
31 Outubro 2022 - 9:02AM
NEWSBTC
The crypto market looks a lot better ahead of the new week compared
to previous weeks as we saw some major rallies from the like of
DOGE with over 100% return on investment within the space of few
days and the price of Bitcoin (BTC) closing the week on a high
ahead of its monthly close with high hopes of reclaiming $22,000
and higher if possible. The price of some altcoins has continued to
look green in the face of the bear market with many exciting
projects coming up and other projects gaining more attention in the
crypto space due to the community and partnership deals. Let us
discuss on top 5 cryptos you should pay attention to this week.
Related Reading: Bitcoin Mining Firm Core Scientific Stock Plunges
Amid Bankruptcy Rumors Disclaimer: The picks listed in this article
should not be taken as investment advice. Always do your research
and never invest more than what you can afford to lose. Top 5
Cryptos- Bitcoin (BTC) Price Analysis On The Daily Chart From the
chart, the price of BTC bounced off from the region of $19,200
showing so much bullish uptrend as the price of BTC rallied to a
region of $20,800 after forming strong support above $20,500. With
the weekly close looking more bullish ahead of the monthly close we
could see the price of BTC gain more traction in the next few days.
BTC is currently trading at $20,800 at the point of writing this
article. The price of BTC has struggled to break above the region
of $21,200 acting as strong resistance for the price to trend
higher. A breakout and close above $21,200 and forming
support could see the price of BTC rally to a region of $22,000
acting as an area of interest for most sellers. (Supply zone)
Price Analysis Of Ethereum (ETH) On The Daily (1D) Chart The price
of Ethereum in recent weeks outperformed BTC after showing a
bullish trend ahead of “The Merge” rising to a region of $2,030.
ETH price was rejected from $2,030 with what seems to be a
resistance for ETH price to trend higher. The price saw a sell-off
to a region of $1,570 before continuing its spiral decline to a
region of $1,260 where it formed demand for buy orders. The price
of ETH trade at $1,620 above the 50 Exponential Moving Average
(EMA) on the daily timeframe as the price aims for a rally to a
region of $1,720. If the ETH price maintains its bullish structure,
we could see the price retesting $1,720 as a key resistance region
with high supply. Price Analysis Of Binance Coin (BNB) On The
Daily (1D) Chart The price of BNB was rejected from its resistance
of $327 which saw the price of BNB suffer a huge blow with the
price dropping to a region of $260 losing its key support. BNB’s
price responded swiftly as the price bounced off from that region
reclaiming $300. BNB has maintained its bullish structure despite
the rejection. A break of above $335 could see the price of BNB
retesting the region of $400 and possibly $450. The price of BNB
has found good support at $300 which corresponds to the 50 and 200
EMA. BNB needs to hold above to have a chance of trending higher.
Price Analysis Of Chainlink (LINK) On The Daily (1D) Chart The
price of Chainlink (LINK) has continued to show bullish trends
holding well above the 50 EMA as the price of LINK look set to
breakout from its long accumulation phase. The price of LINK
needs to breakout and close above $8 price to rally to a region of
$9.5 considering how fundamentally strong the price of LINK is as
we head towards its staking plan in December. Top 5 Cryptos-
Price Analysis Of SOL On The Daily (1D) Chart SL has formed a
bullish pattern after breaking out of a descending triangle with
good volume as the price of SOL aims to rally to a region of $40
with the market looking more promising. Related
Reading: Bitcoin Mining Firm Core Scientific Stock Plunges Amid
Bankruptcy Rumors Featured image from zipmex, Charts from
TradingView.com
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