After Bitcoin led the rally among the major cryptos yesterday and broke above the $28,000 level, there has been a change in sentiment surrounding the digital currency market. According CoinMarketCapThe total cryptocurrency market valuation rose 2.17% in the last 24 hours, leading investors to take profit as prices follow the alpha coin.
Altcoins have benefited greatly from this. CoinGecko data shows that L1 tokens and Smart Contract related coins have enjoyed a rise in price from Bitcoin’s latest rally. With the US Federal Reserve not expected to impose another interest rate hike, these five tokens below are expected to advance further in the coming days.
Top 5 Cryptocurrencies Expected to Meet This Week
FACE MASK
Touted as the portal to the new internet, the native Mask network token of the same name has gained popularity. According CoinGeckoMASK is up almost 40% in the last 24 hours.
At its current price of $6.21, the token may face significant resistance at $6.4. However, MASK is in strong supply at $3.8 if the token ever faces a correction. In the meantime, flipping this resistance level would grant investors a potentially larger upside.
Image: sFOX
ETC
Ethereum classic is the proof-of-work fork of the main Ethereum blockchain. It retains the old characteristics of ETH before the merger.
The coin is quite close to its long-term resistance of $23, which if broken could open up further upside potential for investors. Failure to break above this resistance to support, however, would lead to more downside, with a potential downside advance at $18.13. The bulls’ priority should be to simultaneously defend this support level and target the $23 resistance.
Image: VOI
FTM
Fantom has been gaining popularity among developers as it is a scalable L1 platform. big names like sushi and Curve they use FTM for their decentralized exchanges. FTM, the platform’s native token, is handling market price movements with CoinGecko observing an 18% increase in price.
The token is currently above its support line at $0.40033, giving bulls enough room to target higher prices. Longer-term, the bulls should target $0.7419, which would give FTM a possible runner at $1.
BUN
After facing pain in recent days, APE is seeing some progress. According CoinGeckothe token is up over 8% on the weekly time frame with an increased possibility of an explosive price boom.
APE is currently trading in a very tight trading range that only spans $4.5 and $4.3. This should be taken as a sign that the token could rally in the near future, with the potential to break the $5 resistance to support.
Cryptos total market cap at a little over $1 trillion on the daily chart at TradingView.com
GRT
Graph’s native GRT token has been gaining ground against bulls since last week. Data shows that the token has risen significantly, recording a gain of almost 40%. The role of the network in providing a query service for faster access to Web3 data can be attributed to this positive price change.
GRT is currently changing hands at $0.161099. In the long run, the bulls should have no problem targeting $0.3. Turning this resistance into support would give crypto investors more upside in the long run.
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