The crypto market saw retracement across all boards with the crypto marketcap being rejected from its resistance of $1.2 trillion leaving top cryptos affected.<\/p>\n
This has led to market sentiments going back to bearish with many crypto assets sitting on the key support zone. Let us focus on the top 5 cryptos you should pay attention to this week.<\/p>\n
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.<\/p>\n
Top Crypto Price Analysis Chart \u2013Bitcoin (BTC)\u00a0
\nDaily BTC Price Analysis | Source: BTCUSDT On Tradingview.com<\/p>\n
From the chart, the price of BTC was rejected from $25,200 with a bullish uptrend in a rising wedge. The rejection from the resistance led the price of BTC to break out in a downward trend.\u00a0<\/p>\n
BTC is currently trading at $21,100 at the point of writing this article. The price of BTC was unable to hold the support at $22,500 leading to a retest of lower support at $20,800.\u00a0<\/p>\n
A breakout below this $20,800 support holding the price of BTC could see the price going lower to a region of $19,000 which is seen as a demand zone for BTC prices over the weeks.<\/p>\n
Price Analysis Of Ethereum (ETH) On The Daily (1D) Chart
\nDaily ETH Price Analysis | Source: ETHUSDT On Tradingview.com<\/p>\n
The price of Ethereum in recent weeks outperformed BTC after showing a bullish trend ahead of\u00a0 \u201cThe Merge,\u201d rising to a region of $2,030.<\/p>\n
ETH price was rejected from $2,030 with what seems to be a resistance for ETH price to trend higher. The price saw a sell-off to a region of $1,570 at the point of writing.<\/p>\n
The price of ETH is trading below the 50 and 200 Exponential Moving Average (EMA) on the daily timeframe.<\/p>\n
If the ETH price maintains its bearish structure, we could see the price retesting $1,300 as a key support region with high demands.\u00a0<\/p>\n
Top Crypto Price Analysis Chart \u2013Binance Coin (BNB)
\nDaily BNB Price Analysis | Source: BNBUSDT On Tradingview.com<\/p>\n
The price of BNB was rejected from its resistance of $327 and is currently trading at $296.<\/p>\n
BNB has maintained its bullish structure despite the rejection. A break of about $290 could see the price of BNB retesting the region of $250 as support.<\/p>\n
The price of BNB has found good support at a price of $288 which corresponds to the 50 EMA. BNB needs to hold above to have a chance of trending higher.<\/p>\n
Price Analysis Of Trezor (TRB) On The Daily (1D) Chart
\nDaily TRB Price Analysis | Source: TRBUSDT On Tradingview.com<\/p>\n
The price of Trezor has continued to show bullish trends holding well above the 50 and 200 EMA.\u00a0<\/p>\n
Despite the pullback across crypto assets in the market, TRB has continued to look strong, respecting the bullish trendline.<\/p>\n
The price of TRB broke the resistance at $40, a close above this region could send the price to a region of $60. If TRB fails to hold the trendline acting as support, $32 is the ideal support to hold prices.<\/p>\n
Price Analysis Of EOS On The Daily (1D) Chart
\nDaily EOS Price Analysis | Source: EOSUSDT On Tradingview.com<\/p>\n
EOS has formed a bullish pattern after breaking out of a range channel and forming support at $1.4. If EOS holds this support area and as the market bounces to the upside, we could see the price of EOS retesting $1.75 acting as resistance for the price.<\/p>\n
A break below EOS support would retest $1.26 acting as support.<\/p>\n
Featured Image From Nairametrics, Charts From TradingView.com\u00a0<\/p>\n
\u00a0<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
The crypto market saw retracement across all boards with the crypto marketcap being rejected from its resistance of $1.2 trillion leaving top cryptos affected.<\/p>\n
This has led to market sentiments going back to bearish with many crypto assets sitting on the key support zone. Let us focus on the top 5 cryptos you should pay attention to this week.<\/p>\n
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.<\/p>\n
Top Crypto Price Analysis Chart \u2013Bitcoin (BTC)\u00a0
\nDaily BTC Price Analysis | Source: BTCUSDT On Tradingview.com<\/p>\n
From the chart, the price of BTC was rejected from $25,200 with a bullish uptrend in a rising wedge. The rejection from the resistance led the price of BTC to break out in a downward trend.\u00a0<\/p>\n
BTC is currently trading at $21,100 at the point of writing this article. The price of BTC was unable to hold the support at $22,500 leading to a retest of lower support at $20,800.\u00a0<\/p>\n
A breakout below this $20,800 support holding the price of BTC could see the price going lower to a region of $19,000 which is seen as a demand zone for BTC prices over the weeks.<\/p>\n
Price Analysis Of Ethereum (ETH) On The Daily (1D) Chart
\nDaily ETH Price Analysis | Source: ETHUSDT On Tradingview.com<\/p>\n
The price of Ethereum in recent weeks outperformed BTC after showing a bullish trend ahead of\u00a0 \u201cThe Merge,\u201d rising to a region of $2,030.<\/p>\n
ETH price was rejected from $2,030 with what seems to be a resistance for ETH price to trend higher. The price saw a sell-off to a region of $1,570 at the point of writing.<\/p>\n
The price of ETH is trading below the 50 and 200 Exponential Moving Average (EMA) on the daily timeframe.<\/p>\n
If the ETH price maintains its bearish structure, we could see the price retesting $1,300 as a key support region with high demands.\u00a0<\/p>\n
Top Crypto Price Analysis Chart \u2013Binance Coin (BNB)
\nDaily BNB Price Analysis | Source: BNBUSDT On Tradingview.com<\/p>\n
The price of BNB was rejected from its resistance of $327 and is currently trading at $296.<\/p>\n
BNB has maintained its bullish structure despite the rejection. A break of about $290 could see the price of BNB retesting the region of $250 as support.<\/p>\n
The price of BNB has found good support at a price of $288 which corresponds to the 50 EMA. BNB needs to hold above to have a chance of trending higher.<\/p>\n
Price Analysis Of Trezor (TRB) On The Daily (1D) Chart
\nDaily TRB Price Analysis | Source: TRBUSDT On Tradingview.com<\/p>\n
The price of Trezor has continued to show bullish trends holding well above the 50 and 200 EMA.\u00a0<\/p>\n
Despite the pullback across crypto assets in the market, TRB has continued to look strong, respecting the bullish trendline.<\/p>\n
The price of TRB broke the resistance at $40, a close above this region could send the price to a region of $60. If TRB fails to hold the trendline acting as support, $32 is the ideal support to hold prices.<\/p>\n
Price Analysis Of EOS On The Daily (1D) Chart
\nDaily EOS Price Analysis | Source: EOSUSDT On Tradingview.com<\/p>\n
EOS has formed a bullish pattern after breaking out of a range channel and forming support at $1.4. If EOS holds this support area and as the market bounces to the upside, we could see the price of EOS retesting $1.75 acting as resistance for the price.<\/p>\n
A break below EOS support would retest $1.26 acting as support.<\/p>\n
Featured Image From Nairametrics, Charts From TradingView.com\u00a0<\/p>\n
\u00a0<\/p>\n
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