Last week was dramatic as various cryptocurrency hit lows they haven’t in months. Almost every crypto in the top 100 experience this massive pullback as BTC leads the charge after some negative comments rocked it.
The last 48 hours has seen a lot of changes as the crypto market is showing great signs of recovery. If the recovery continues, more cryptocurrency may surge to an all-time high in the next seven days. Here are the top four cryptocurrencies to watch this week.
Bitcoin is one of the worst-hit coins by the previous dip. The Crypto largest coin lost more than 20% in the last seven days as it dipped past the $50k and settled on $42k before surging.
The last 24 hours saw tremendous improvement from BTC but not as fast as expected. One of the reasons for the slurry recovery is as a result of dwindling interest in the coin. Since February, investors interest in BTC is steadily reducing and have reduced to the lowest this year as at press time.
Bitcoin will see a steady recovery as it will climb back to the $50k region in the next seven days. The toughest resistance in the rise above $50k is the $48k and more bullish action must take place to flip that resistance.
Ether dropped to as low as $3,158 during the last 24 hours but quickly recovered to $3,500. No doubt, the last 24 hours was one of the trying days in crypto. More interest in alts last firstborn as more institutions are set to announce purchase this week.
The next seven days will more price actions from ether as the buyers will rally the market and propel crypto second-largest above $4,000. A surge above $4,000 may guarantee a retest of the $4,200 resistance.
The last seven days saw Ethereum classic record a low of $85and a high of $111. The ether extension coin lost more than 15% in the last seven days and 40% away from its all-time as of the time of writing.
The next seven days will see the buyers rally the market and try to close the gap between the current price and the ATH. ETC may surge above $130 in the next few days and may steady above $110.
Polygon has enjoyed a massive surge amidst the bearish takeover. The last seven days have seen MATIC record a new all-time high as it keeps breaking the previous ATH.
The next seven days will see increased trading actions. A bearish takeover may happen and polygon may dip as low as $1.4. If the current bullish momentum continues, the sixteenth coin by market cap may surge as high as $2.30.
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Author: Gideon Geoffrey