spot_img
HomeCryptocurrencyWeekly High 5 Cryptocurrencies To Watch – DOGE, SHIB, SFP, OCEAN, FET...

Weekly High 5 Cryptocurrencies To Watch – DOGE, SHIB, SFP, OCEAN, FET Get hold of US

The cryptocurrency market noticed a contemporary nosedive in current weeks as the worth of cryptocurrencies, together with the likes of Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), noticed contemporary new lows.

With so many uncertainties surrounding the crypto market, there are speculations concerning the value of Bitcoin (BTC), retesting a key demand zone that has confirmed to be an space of curiosity for merchants and traders to open a protracted place.

The crypto market continues to face many uncertainties and concern regardless of these components; there are the highest 5 cryptocurrencies (DOGE, SHIB, SFP, OCEAN, FET) which have caught the eye of merchants and traders forward of a brand new week as these altcoins may produce large positive factors.

The cryptocurrency warmth map reveals the market efficiency over the week as the worth actions of Bitcoin, Ethereum, Binance Coin, and different top-ranking cryptocurrencies proceed to point out worrying value actions.

– Commercial –

The value of Bitcoin (BTC) misplaced its key assist of $28,500 on increased and decrease instances and has since continued to pattern in bearish value motion as bears proceed to dominate the worth of BTC, pushing its value right down to a area of $26,000.

The value of BTC buying and selling beneath its day by day 50-day and 200-day Exponential Shifting Common (EMA) signifies a lot trigger to fret for its value as the worth may retest the area of $24,000, appearing as a purchase zone and demand zone for a lot of merchants and traders.

Primarily based on knowledge from the Bitcoin concern and greed index, there are excessive possibilities of BTC bears pushing the costs to this low because the market continues to commerce in concern.

BTC FEAR AND GREED INDEX

The Worry and Greed index for BTC has proven a lot concern within the cryptocurrency marketplace for the previous few weeks as the worth may retest the area of $24,000, the place there are calls for to purchase up BTC by bulls round this area.

Ethereum’s (ETH) value hasn’t been very encouraging both after shedding its key assist of $1,650; the worth of ETH has struggled to point out actual conviction by bulls to rally its value increased as the worth of ETH seems to be prime for a retest of $1,550.

An in depth for ETH value beneath $1,650 may see the worth commerce decrease to a area of $1,550, the place bulls can be keen to drive the worth of ETH increased from its purchase zone.

Though Bitcoin and Ethereum take a lot value dominance and focus, allow us to study a few of the high 5 cryptocurrencies (DOGE, SHIB, SFP, OCEAN, FET) that might outperform Bitcoin and Ethereum within the coming weeks with synthetic intelligence (AI) hype starting to choose up.

High 5 Cryptocurrencies – Dogecoin (DOGE) Value Evaluation on the Day by day (1D) Timeframe

DOGE USDT PRICE CHART
DOGE USDT PRICE CHART

“X is a canine, and DOGE is a pleasant” was Elon Musk’s quote on X (previously Twitter) as an enormous advocate of DOGE in recent times, however his tweet had little to no impact on the worth as the worth of DOGE suffered a contemporary new setback in its value as value broke beneath its bullish uptrend.

The break in value for DOGE/USDT flipped its bullish uptrend right into a bearish downtrend as the worth of DOGE seems to be set to retest the low of $0.056, appearing as the realm of demand in treasured value decline as the worth of DOGE/USDT has all the time revered this area bouncing off to new highs.

DOGE’s value wants to carry above this area of $0.056, defended by bulls previously; if the worth of DOGE/USDT fails to carry off bears from pushing its value decrease on this area, we may see new lows for DOGE value.

The value of DOGE/USDT trades beneath its 50-day EMA and its 23.6% Fibonacci Retracement worth (FIB 23.6% worth), indicating a lot dominance by bears as bulls have to step in and rescue the worth of DOGE, else the bear pushes value decrease.

The Shifting Common Convergence Divergence (MACD) on the day by day timeframe for DOGE signifies bears are a lot in command of costs as costs may proceed to pattern in a bearish downtrend if bulls fail to defend the area of $0.055.

The Relative Energy Index (RSI) for DOGE seems to be bearish as this lagging indicator trades beneath 40, which signifies extra promote orders for bears.

Putting a purchase order at $0.060 can be a excessive likelihood of constructing revenue return because the market returns from its downtrend value motion.

Main DOGE/USDT assist zone – $0.06

Main DOGE/USDT resistance zone – $0.071

MACD pattern – Bearish

Shiba Inu (SHIB) Value Chart Evaluation

SHIB USDT DAILY PRICE ANALYSIS
SHIB USDT DAILY PRICE ANALYSIS

After a profitable breakout from its bullish ascending triangle, the worth of SHIB rallied from a area of $0.00000660 to a excessive of $0.00001100, the place it suffered rejection by bears to commerce increased to a excessive of $0.00001200.

The value of SHIB had a value motion of over 80% from its low of $0.00000660 as the worth failed to interrupt above the important thing resistance of $0.00001200, the place the worth of SHIB may have traded increased.

SHIB’s value presently trades above $0.00000750, appearing as assist for the worth of SHIB, which corresponds with the 38.2% FIB worth the place the worth of SHIB has not too long ago bounced off, indicating a excessive potential of purchase orders getting crammed.

So far as the worth of SHIB trades above $0.00000750 and 38.2% FIB worth, the bulls can push costs increased because the market bounces to its bullish sentiment. If the worth of SHIB fails to carry above $0.00000750, we may see the worth commerce round its low of $0.00000660.

The MACD and RSI for SHIB point out a change in pattern from bullish to bearish, and bears may have full management if the worth of SHIB fails to carry above $0.00000750, appearing as an space of curiosity for bulls and bears.

The value of SHIB must reclaim its value above the 50-day EMA, which corresponds to $0.00000850, to allow bulls to push the worth increased to reclaim $0.00001200, appearing as robust resistance.

Main SHIB/USDT assist zone – $0.00000750

Main SHIB/USDT resistance zone – $0.00000850

MACD pattern – Bearish

SafePal (SFP) Value Evaluation as a High Crypto to Watch

SFP USDT DAILY PRICE CHART
SFP USDT DAILY PRICE CHART

SafePal (SFP) has remained one of many high 5 cryptocurrencies which have remained bullish on all timeframes regardless of the uncertainties of the cryptocurrency market, as each the tremendous pattern and MACD indicators level to bullish value actions.

The value of SFP/USDT shaped a powerful assist at $0.35 as the worth bounced from this area to a excessive of $0.4, the place the worth of SFP broke out and flipped its robust resistance of $0.4 into assist as bulls pushed SFP to $0.6.

SFP confronted value rejection to a area of $0.53 as the worth continues to carry above the FIB worth of 38.2%, which corresponds to $0.5, simply above the 50-day EMA appearing as a minor assist zone for the worth of SFP.

If bulls maintain the worth of SFP above $0.5, there are excessive possibilities of SFP retesting the excessive of $0.73 as its value motion factors to 1 course of bulls.

The MACD and supertrend for SFP proceed to be bullish as the worth heads into a brand new week.

Main SFP/USDT assist zone – $0.5

Main SFP/USDT resistance zone – $0.72

MACD pattern – Bullish

Ocean Protocol (OCEAN) Value Evaluation Chart

OCEAN USDT PRICE CHART
OCEAN USDT PRICE CHART

Ocean Protocol (OCEAN) has remained an enormous venture to concentrate to, and it’s no shock it resurfaces as one of many high 5 cryptocurrencies to look at for the week, contemplating how synthetic intelligence hype has influenced its value rally.

The hype round AI tokens is one to concentrate to as this has seen the worth of OCEAN rally from $0.12 to a excessive of $0.55 with over 500% acquire regardless of the bear market that has affected many crypto tokens.

OCEAN’s value suffered a rejection by bears as the worth dropped to a low of $0.28, the place it has shaped robust assist to carry off promote orders. The value rose to $0.32 as the worth goals to restart its bullish run.

The value of OCEAN presently trades beneath its 50-day EMA and its 23.6% FIB worth. The value of OCEAN wants to interrupt and shut above its 50-day EMA and its 23.6% FIB worth for the worth to rally to a excessive of $0.38 and better.

If the worth of OCEAN fails to reclaim these areas, we may see the worth of OCEAN stay bearish as its MACD indicator continues to commerce in a bearish pattern.

Main OCEAN/USDT assist zone – $0.28

Main OCEAN/USDT resistance zone – $0.40

MACD pattern – Bearish

Fetch.AI (FET) Value Evaluation on the Day by day Timeframe

FET USDT PRICE CHART
FET USDT PRICE CHART

Fetch.ai (FET) stays a high 5 crypto altcoin spoken about after the worth rallied by over 500% previously few months, with the hype of AI tokens intensely hitting up the crypto market.

The value of FET/USDT rallied from its yearly low of $0.077 to a excessive of $0.53, hitting over 500% in just a few months for bulls because the AI narrative continues to look promising forward of the approaching crypto rally.

FET’s value was rejected from its excessive of $0.53 because it dropped to a low of $0.2, forming assist and demand zone for purchase orders.

The value of FET presently trades above the 50-day EMA and beneath the 23.6% FIB worth as bears proceed to dominate its value.

The value of FET wants to interrupt and shut above the excessive of 23.6% to renew a minor value restoration to a excessive of $0.25, the place the worth may face robust resistance.

The supertrend and MACD for FET proceed to look promising as the worth seems to be prepared to vary from a bearish to a bullish pattern forward of a brand new week.

Main FET/USDT assist zone – $0.2

Main FET/USDT resistance zone – $0.25

MACD pattern – Bullish

Comply with Us on Twitter and Facebook.

Disclaimer: This content material is informational and shouldn’t be thought of monetary recommendation. The views expressed on this article could embrace the writer’s private opinions and don’t replicate The Crypto Primary’s opinion. Readers are inspired to do thorough analysis earlier than making any funding choices. The Crypto Primary shouldn’t be chargeable for any monetary losses.

-Commercial-


#Weekly #High #Cryptocurrencies #Watch #DOGE #SHIB #SFP #OCEAN #FET

RELATED ARTICLES
Continue to the category

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments