Here are 5 Cryptocurrencies You Should Keep Your Eyes On This Week!

The popular chest coin Dogecoin (DOGE) has delivered over 100% ROI over the past few days. In addition, the crypto money market has seen some big rises with Bitcoin (BTC) closing above $ 20 thousand. Therefore, the crypto market started the new week with an advantage. However, it is very valuable to set a purpose in an environment where there are still uncertainties. Crypto analyst James Obonde shares the top 5 cryptos to watch out for this week.

The leading cryptocurrency Bitcoin (BTC) ranks first.

From the chart, BTC price bounced off the $19,200 region. Additionally, BTC price formed a strong reinforcement above $20,500. It later rose to $20,800. The weekly close before the monthly close was more bullish. So, it is possible that we may see BTC price gaining more traction over the next few days.

Daily BTC Price Chart / Source: Tradingview

BTC is trading at $ 20,400 at the time of writing. BTC is struggling to climb above the $21,200 zone, which is acting as a strong resistance for the price to rise. If there is a break above $21,200 and a close and reinforcement formation, a rally to the $22,000 zone is likely, acting as an area of ​​interest for multiple sellers.

In second place is the chairman altcoin Ethereum (ETH)

Koindeks.com As you follow, Ethereum showed a bullish trend to $2,030 ahead of the “Merge”. However, it later lost traction. However, in recent weeks, it has outperformed BTC. ETH price was rejected at $2,030. This looks like a resistance to the bullish trend of ETH. The price saw selling to the $1,570 region before continuing its spiral down to the $1,260 region where it created demand for buy orders.

Daily ETH price chart / Source: Tradingview

ETH is aiming for an unmistakable rally to the $1,720 region, above the 50 Exponential Moving Average (EMA) at $1,620 on the daily timeframe. If Ethereum maintains its bullish structure, it is possible that we could see the price retest $1,720 with high supply as a key resistance zone.

Third cryptocurrency Binance Coin (BNB)

BNB price was rejected at the $327 resistance. This caused BNB to take a big hit. It also caused the price to drop to the $260 zone and lose its key foothold. BNB responded in swift form with a comeback, retrieving $300 from this region.

Daily BNB price chart / Source: Tradingview

In the middle, BNB maintained its bullish structure despite the rejection. A break above $335 is possible for BNB to retest the region at $400 and possibly $450. The coin found a good boost at $300, corresponding to the 50 and 200 EMA. BNB needs to stay on top to have higher trending luck.

Chainlink (LINK) ranks fourth.

Chainlink’s (LINK) is preparing to break out of its long accumulation rung. In this environment, the coin continued to show bullish trends rising well above the 50 EMA.

Daily LINK price chart / Source: Tradingview

Considering how fundamentally strong LINK is, LINK price needs to rise above $8 and defend it for it to rise to the $9.5 zone.

Latest cryptocurrency Solana (SOL)

Solana price is aiming to move higher into the $40 zone as the market looks more promising. So the SOL formed a bullish pattern after breaking out of an descending triangle with a suitable volume.

Daily SOL price chart / Source: Tradingview

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