TOP 5 Cryptocurrencies To Watch This Week – BNB,BTC,ETH,MATIC,MKR
October 10 2022 - 11:43AM
NEWSBTC
The crypto market saw prices move from key support across all
boards, with the crypto marketcap finding some relief recently as
it aims to reclaim its resistance of $1.2 trillion. This has led to
market sentiments returning bullish, with many crypto assets
rallying from the key support and producing double-digit gains. Let
us focus on the top 5 cryptocurrencies you should pay attention to
this week. Related Reading: Solana Shines In Trending Searches In
Last 7 Days – But SOL Price A Different Story 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 Cryptocurrencies – Bitcoin (BTC) Price
Analysis Daily BTC Price Chart | Source: BTCUSDT On
Tradingview.comFrom the chart, the price of BTC was rejected from
$20,400, with bulls trying to push the price above this region,
acting as resistance for BTC price. BTC is currently trading at
$19,200 at the point of writing this article. The price of BTC
could not break out of the ascending triangle it formed as the
price continued to range in the triangle with the hopes of breaking
out to the upside. The price of BTC at $18,800 continues to act as
support for BTC price; a break below this price could see BTC
retesting lower support of $17,700-$17,000. A breakout above the
ascending triangle could see the price rally to a high of
$21,500-$22,000. Price Analysis Of Ethereum (ETH) On The
Daily (1D) Chart Despite the price of Ethereum in recent weeks
outperforming BTC after showing a bullish trend ahead of “The
Merge,” the price has faced resistance to breaking above $1,400,
with the next key support at $1,000 looking more likely for
price. ETH price was rejected from $1,370 with what seems to
be a resistance for ETH price to trend higher. The price saw a
sell-off to a region of $1,250, with the price bouncing off this
region to a high of $1,320. The price of ETH at the point of
writing is $1,325, trading below the 50 and 200 Exponential Moving
Average (EMA) on the daily timeframe. If the ETH price maintains
its bearish structure, we could see the price retesting
$1,200-$1,000 as a key support region with high demands.
Price Analysis Of Binance Coin (BNB) On The Daily (1D) Chart The
price of BNB was rejected from its resistance of $290 and is
currently trading at $280. BNB has failed to maintain its bullish
structure, a break of about $270 could see the price of BNB
retesting the region of $240 as support. TOP 5 Cryptocurrencies –
Price Analysis Of Maker DAO (MKR) On The Daily (1D) Chart The price
of MKR has continued to show bullish trends holding well above the
8 and 20 EMA after a successful break out of the descending
triangle creating a more bullish scenario. With the market
looking more stable, we could see MKR retest the region of $1,200.
If the price of MKR experiences a sell-off, we could see a price
retest of $800 acting as a support area. Price Analysis Of Polygon
(MATIC) On The Daily (1D) Chart The price of MATIC has formed a
bullish pattern (ascending triangle) with a potential breakout to
the upside; a breakout and close above the ascending triangle would
mean the price rallying to a high of $1. Related Reading:
Ethereum Could See A 15% Drop This Week – A Retreat To The $1,000
Support? Featured image from zipmex, Charts from
TradingView.com
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