dYdX
dYdX (DYDX) is currently trading above the moving average lines but below the resistance line. If the current resistance is broken, the cryptocurrency asset will rise to a high of $2.80 or $3.00. However, if the altcoin fails at its recent high, it could fall to a low of $1.80. DYDX has positive momentum above the daily stochastic threshold of 80.
- Current price: $2.17
- Market capitalization: $2,171,548,450
- Trading volume: $68,008,397
- 7-day gain/loss: 13.06%
Bone ShibaSwap
Bone ShibaSwap (BONE) is facing resistance at the moving average lines. If the current support holds, BONE will fluctuate between $1.05 and $1.40. However, if the support is broken, the value of the altcoin will fall. BONE is currently in a negative trend at the 47 level of the Relative Strength Index.
- Current price: $1.35
- Market capitalization: $330,274,532
- Trading volume: $11,337
- 7-day gain/loss: 10.43%
Toncoin
Toncoin (TON) is currently stuck above the $1.50 resistance level. TON will rise to a high of $2.00 if the resistance is broken. Otherwise, it will continue to move between $1.15 and $1.50. TON is in the positive trend zone with a Relative Strength Index of 59.
- Current price: $1.47
- Market capitalization: $7,430,355,548
- Trading volume: $26,558,482
- 7-day gain/loss: 8.81%
Bitcoin Cash
Bitcoin Cash (BCH) fell below the moving average lines and reached a low of $164. BCH is currently correcting upwards and may resume its uptrend if the resistance at $205 is broken. BCH is the fourth most profitable cryptocurrency.
- Current price: $193.11
- Market capitalization: $4,049,490,314
- Trading volume: $157,924,196
- 7-day gain/loss: 3.39%
Mantle
Mantle (MNT) recently bounced back above the $0.41 support level. The altcoin will continue its uptrend if it stays above the moving average lines. However, if it falls below the moving average lines, it may come under selling pressure again. MNT is currently in the bullish trend zone with a Relative Strength Index of 50.
- Current price: $0.43
- Market capitalization: $2,684,075,346
- Trading volume: $5,921,938
- 7-day gain/loss: 3.24%
Overall, altcoins like dYdX, Bone ShibaSwap, Toncoin, Bitcoin Cash, and Mantle are facing various trends and resistance levels. It’s important to monitor these factors to make informed investment decisions in the cryptocurrency market.
Hot Take
This weekly cryptocurrency analysis highlights the current trends and potential price movements of dYdX, Bone ShibaSwap, Toncoin, Bitcoin Cash, and Mantle. As the bear market continues to affect the overall crypto market, it’s crucial for investors to stay updated with the latest developments and make informed decisions based on the analysis provided.
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