The cryptocurrency market has been on a rollercoaster ride for the past few months. Bitcoin, the first and most popular cryptocurrency, has seen its price go up and down for a few months and is still volatile and can be unpredictable. This week, we will talk about the top crypto to look out for Week.
Table of Contents
Bitcoin Price Analysis
BTC is a cryptocurrency that has been trading for a value of $38,687.45 and a market capitalization of 735 billion dollars. There are 21,000,000 coins in supply, and it ranks #1 on CoinMarketCap.
On the 4H timeframe, $BTC/USDT is trading with many ups and downs and currently testing below breakdown and strong trendline resistance. Trade closed at breakeven. There’s been a lot of uncertainty around Bitcoin, but the price is currently trending downward.
Ethereum Price Analysis
The Ethereum Virtual Machine creates blockchain applications much easier, faster, and more efficient than ever before. Ethereum’s performance is attributed to many factors, including Increased adoption of dApps on the network, Increased usage of smart contracts, and increased usage of ETH tokens. These days ETH’s price has been trading at $2,542.97.
ETH is a cryptocurrency that has been trading for a value of $2,542.97 and a market capitalization of 304 billion dollars. There are 119,958,4199 coins in supply, and it ranks #2 on CoinMarketCap.
On the 1D timeframe, the price action has formed out the symmetrical Triangle where the price action has broken down the Support trendline, and the market structure is forming out the lower lows.
Solana Price Analysis
Solana is a public, open-source blockchain that supports smart contracts, including non-fungible tokens (NFTs) and various decentralized applications (dApps). Secure SOL tokens are assigned to provide network security. People are speculating that it’s probably a good time to buy Solana. It could be an excellent long-term opportunity, and it is currently trading at $79.21.
SOL is a cryptocurrency that has been trading for a value of $79.21 and a market capitalization of 25 billion dollars. There are 511,616,946 coins in supply, and it ranks #9 on CoinMarketCap.
On the 1D timeframe, $SOL/USDT has formed out the Bullish Harmonic ALT Bat pattern where the price action is currently consolidating at the Demand zone level, whereas we can see a falling wedge as well.
- Discounts
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Fantom Price Analysis
Fantom provides a smart contract platform that uses its bespoke consensus algorithm to run developers’ decentralized finance (DeFi) services. Fantom is a blockchain supported by cutting-edge technology. The token has fallen 30% in the last week, following some ‘growing pains, and is currently trading at $1.08.
FTM is a cryptocurrency that has been trading for a value of $1.08 and a market capitalization of 2.7 billion dollars. There are 3,175,000,000 coins in supply, and it ranks #44 on CoinMarketCap.
On the 1D timeframe, $FTM/USDT appears that the price action has broken out from the main support level and that the market structure is weak. It seems likely that this will lead to further losses over time.
- Discounts
- Use referral code (MYWSAFR8) for Binance and get 20% off on Trading Fees.
- Use Referral code (Coinmonks) for FTX and get 5% Off on Trading Fees.
Holo Price Analysis
Holo is a new peer-to-peer app hosting platform. Holochain eliminates the need for blockchain to create a less expensive and more scalable web alternative that users control. Technical analysis based on a HOT price prediction indicates that if you are looking to invest in Holo, it is currently a good time.
HOT is a cryptocurrency that has been trading for a value of $0.003859 and a market capitalization of 667 million dollars. There are 177,619,433,541 coins in supply, and it ranks #94 on CoinMarketCap.
On 1w timeframe, the price action has formed out the Descending Triangle pattern where the price action is currently respecting the Demand zone level.
- Discounts
- Use referral code (MYWSAFR8) for Binance and get 20% off on Trading Fees.
- Use Referral code (Coinmonks) for FTX and get 5% Off on Trading Fees.
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