These 5 Cryptos Are Priced With Bitcoin This Week

After Bitcoin led the rally among the top cryptos yesterday and breached the $28,000 level, there has been a reversal in sentiment around the digital currency market. According to CoinMarketCap, the total market capitalization of cryptocurrencies increased by 2.17% in the last 24 hours, leading investors to take profits as prices follow the alpha coin.

Altcoins have benefited greatly from this. CoinGecko data shows that L1 tokens and Smart Contract related coins have received a boost in price from the recent rally of Bitcoin. With the expectation that the US Federal Reserve will not impose another interest rate hike, these five tokens below are expected to advance in the coming days.

Top 5 Cryptos Expected to Rally This Week

MASK

Touted as the portal to the new internet, the Mask network’s original token of the same name has grown in popularity. In accordance CoinGeckoMASK is up almost 40% in the last 24 hours.

With the current price of $6.21, the token may face significant resistance at $6.4. However, MASK has a strong supply of $3.8 if the token ever faces a correction. Meanwhile, a reversal of this resistance level will ensure investors a potentially higher upside.

Image: sFOX

ETC

Ethereum classic is the proof-of-work hard fork of the Ethereum blockchain. It retains the old characteristics of pre-merger ETH.

The coin is quite close to its long-term resistance at $23, which if broken could open up more upside potential for investors. However, failure to overcome this resistance to support will lead to more downside, with the potential for a bearish breakout at $18.13. Defending this support level while targeting resistance at $23 should be the priority for the bulls.

Image: VOI

FTM

Fantom has grown in popularity among developers since it is a scalable L1 platform. Big names like Sushi and Curve use FTM for their decentralized exchanges. FTM, the platform’s native token, follows the market’s price movements CoinGecko notes a price increase of 18%.

The token is currently above the $0.40033 support line, giving the bulls enough room to target higher prices. In the long term, bulls should target $0.7419, which would give FTM a possible corridor to $1.

MONKEY

After facing pain for the past few days, APE is seeing some gains. In accordance CoinGeckois the token up more than 8% during the weekly time frame with a greater possibility of an explosive price boom.

APE is currently trading in a very narrow trading range that only extends above $4.5 and $4.3. This should be taken as a sign that the token may rise in the near future, with the potential to break the resistance at $5 support.

Cryptos total market cap at a little over $1 trillion on the daily chart at TradingView.com

GRT

The Graph’s native token GRT has been gaining ground against the bulls since last week. Data shows that the token is up considerably, and has a gain of almost 40%. The network’s role in providing a query service for faster access to Web3 data can be attributed to this positive price change.

GRT is now changing hands at $0.161099. In the long run, the bulls should have no problem targeting $0.3. Turning this resistance into support will give crypto investors more upside in the long term.

– Featured image from Capital.com