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.
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: MKRUSDT On Tradingview.com
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
Daily MATIC Price Chart
