TOP 5 Cryptos To Watch This Week – BNB, BTC, ETH, MATIC, APT
October 24 2022 - 7:17AM
NEWSBTC
The crypto market looks much better ahead of the new week than in
previous weeks, with Bitcoin (BTC) closing the week on a high and
aiming to reclaim a key region of $20,000. Despite the uncertainty,
some altcoins have continued to look green in the face of the bear
market, with many exciting projects coming up and others 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: Cosmos In A Downtrend
Since Last 2 Months – Investors Shying Away From ATOM? Disclaimer:
The picks listed in this article should not be taken as investment
advice. Always do your research and invest only what you can afford
to lose. Top 5 Cryptos- Bitcoin (BTC) Price Analysis On The Daily
Chart From the chart, the price of BTC was rejected from $21,500
after facing an earlier rejection from a region of $25,000 as the
price has struggled to show such bullish strength as price rallied
from a weekly low of $18,500. BTC is currently trading at $19,400
at the point of writing this article. The price of BTC has shown
great strength as bulls defended the price from losing the key
support zone at $18,500; if BTC’s price loses this key support, we
could see the price going down lower and panic setting into the
market. The price of BTC closed the week with a good candle above
$19,500 after a long time which signifies a good sign, and possible
relief would be on the horizon as we head into the monthly close
for BTC price. BTC needs to reclaim $20,500 for more relief
rallies; if the price of BTC fails to reclaim this region, we could
see more of a dead cat bounce. Price Analysis Of Ethereum (ETH) On
The Daily (1D) Chart Life after “Ethereum Merge” hasn’t been what
everyone expected as the price of ETH has lost a huge percentage of
the rally price made, from a weekly low of $900 to a high of
$2,030. ETH price was rejected from $1,650 with what seems to be a
resistance for ETH price to trend higher. The price saw a sell-off
to a region of $1,260, which formed strong support to prevent the
price from going lower. With the current market looking
promising ahead of the monthly close, we could see ETH price
retesting $1,450 as a key resistance region. Price Analysis Of
Binance Coin (BNB) On The Daily (1D) Chart The price of BNB was
rejected from its resistance of $300 and is currently trading at
$270. BNB has tried to hold its key support zone as the price lost
this zone to a region of $265, but the price quickly bounced to
reclaim the region of $270. The price of BNB needs to rally away
from its key support; if the price of BNB breaks and closes below
this $270, we could see BNB struggling to trade above $250. Price
Analysis Of Polygon (MATIC) On The Daily (1D) Chart The price of
MATIC has continued to show bullish trends holding well above the
50 EMA after breaking out of a descending triangle as the price
aims to break and close above $0.91. If the price of MATIC
breaks and closes above $0.91, we could see a price attempt to
breach $1; if the price of MATIC fails, a retest of $0.77 support
would be on the table as this has proven to be a key support for
MATIC price. Top 5 Cryptos –Price Analysis Of Aptos (APT) On The
Hour (1H) Chart APT has formed a bullish pattern with its release
on major platforms, including Binance, as this coin has continued
to ring in the ears of many traders. The price of APT rallied
from a low of $7 on its launch to a high of $10.2 as the price
faced resistance in the 1H timeframe. With the hype of APT being
sustained, we could see the price increase. Related Reading:
Bitcoin’s Biggest Intra-Market Risk Right Now – What You Need To
Know Featured image from NBTC, Charts from TradingView.com
Binance Coin (COIN:BNBUSD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Binance Coin (COIN:BNBUSD)
Historical Stock Chart
From Apr 2023 to Apr 2024