These Top 5 Cryptos Are Thriving Despite A Slippery Market
19 Abril 2023 - 06:52AM
NEWSBTC
As we navigate through this mixed-sentiment market, keeping an eye
on these top 5 cryptos can be beneficial for your portfolio. These
digital assets exhibit strength by defying the overall sentiment
and have the potential for significant upside. The market has been
sending mixed signals as Ethereum outpaced Bitcoin in terms of
recent gains. However, this didn’t deter the market from gaining
value, with the total market cap of crypto increasing by 0.5% in
the past 24 hours. Related Reading: Coinbase Turns To Europe For
Growth Amid Clampdown By US Regulators Top 5 Cryptos To Watch This
Week ADA Cardano is continuing where the market left. According to
CoinGecko, the token is up nearly 12% since last week. This is
caused by consistent on-chain development, which shows that it is a
strong competitor in the DeFi space. 📣Exciting Announcement –
Aiken’s alpha phase has launched!📣#Aiken is an open source
#SmartContract language & toolchain, specifically created to
simplify & enhance the development of smart contracts on
#Cardano. Learn more below ⬇️⬇️⬇️@aiken_eng @rvcas @_KtorZ_
@MicroProofs — Cardano Community (@Cardano) April 13, 2023 The
token’s price movement in the coming days might oscillate above
$0.432. Investors and traders should be able to target $0.546 in
the short to medium term. If ADA continues its bullishness after a
few days of stagnancy, $0.793 is the next target for
investors. AVAX Avalanche’s path is clear as on-chain
development and partnerships trigger bullishness amongst investors.
CoinGecko reveals that the token is up 19% since the past
week. The #Avalanche Subnet Explorer now supports Internal
Transactions and ERC-1155 tokens, offering a more comprehensive
experience for users. 🔗: https://t.co/lewAjZvtyl
pic.twitter.com/8dDGNerGGe — Avalanche 🔺 (@Avax) April 6, 2023 AVAX
bulls are currently attempting to break through the token’s
resistance at $21.77. If it is broken, it opens the path toward
$23.51. However, defending the token’s support at $19.30 should
also be a priority as this may not hold under strong bearish
bearish pressure. OKB Recent news was dominated by
OKX’s latest moves in the crypto market. This led to OKB rallying
25% in the past week. With the exchange on a constant path of
improving and refining its processes, OKB might be in line for more
upside in the coming days. The token is currently being
supported at $51.98 with the crucial support located at $41.13.
After being rejected at $56.17, targeting $65 should be the
long-term goal of the bulls. However, defending the $51.98 should
also be a priority since it might lose its bullish traction.
ARB Arbitrum is relatively new in the DeFi space. However,
the protocol has been growing quickly since the launch of its DAO.
ARB, the native token of Arbitrum, is up nearly 43% in the past
week. The $1.6 level is the token’s support at the moment.
ARB might oscillate above and below this support in the coming
days. Investors and traders should continue to target $1.8 in the
short term to open the path to $2. Total market cap of
cryptocurrencies remains unchanged at $1.22 trillion on the daily
chart at TradingView.com Related Reading: Binance Coin (BNB)
Rallies 8% Ahead Of Hard Fork Upgrade #Fantom $ftm .. FTM/BTC pair
we already got rejected at R1 , IMO we gonna blast through it and
into R2 we might get some bearish action .. that would put $FTM at
around $1.68 ~ $1.94 price range depending on $BTC price and
outlook ! All we need is a stable market ..🚀🚀#Bullish
pic.twitter.com/OYBZr8RgWz — MoonShadow ( $FTM 👻 )
(@MoonshadowXs06) April 17, 2023 FTM Fantom has caught the
attention of investors as the token increased in value by 13% in
the weekly timeframe. With investors increasingly bullish on FTM’s
future price movement, a further rally might be formulated.
FTM is currently being supported at $0.5145 with the crucial
support found at $0.446. FTM bulls should consolidate above $0.5145
and open the path to $0.6554. If it fails to do this, however, we
might see the token revert to $0.446. (This article is for
informational purposes only and not intended as financial advice.
Cryptocurrency markets are volatile and involve significant risk.
Do your own research and consult a financial advisor before
investing. The author and publisher are not responsible for any
losses.) -Featured image from MoneySense
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