Top 5 Cryptos Showing Resilience And Expected To Rally This Week
27 März 2023 - 2:03PM
NEWSBTC
Recently, the market for cryptos has witnessed a notable shift in
price movements as they surged from critical support levels. The
crypto market cap has been experiencing a slight relief lately,
with the aim to regain its $1.2 trillion resistance level. This
positive trend has resulted in a bullish outlook, and several
cryptos have rallied significantly, generating double-digit gains.
As we delve into the current state of the crypto market, it’s
essential to highlight the top five cryptos worth keeping an eye on
this week. Top 5 Cryptos Showing Resilience And Potential For
Growth XRP Despite the ongoing lawsuit by the U.S. Securities
and Exchange Commission, investors in the token are expecting
Ripple to come out triumphant in its battle against the regulatory
body. Based on data by CoinGecko, XRP posted a 20% increase in the
last seven days at the time of writing. The token is trading
between $0.43112 and $0.47556 which shows a very tight trading
range. Couple this with a very bullish community, the token has a
higher possibility of an upside. In the meantime, investors should
try to defend the $0.43112 support. Defending this would
enable the bulls to target $0.47556, which would open up the path
to $0.57496. Related Reading: Bitcoin Price Surge Threatened
By Liquidity Crunch – What To Expect XDC After the XDC
Network Andromeda upgrades back in December, XDC has been under the
limelight of investors. XDC, the native token of the ecosystem,
experienced a rally. According to CoinGecko, the token is up more
than 14% in the weekly timeframe. Based on its technicals,
the XDC token is a strong buy for investors right now. However, XDC
might experience a short correction in the short term if the bulls
show exhaustion in the daily timeframe. Investors should then focus
on defending the $0.03794 support line to provide the bulls a
springboard for higher highs. LTC Litecoin has been on the
minds of investors in the past couple of days as it showed
bullishness in the long term. According to analysts, the token is
back to its monthly support which would give LTC a significant leg
up in the coming months. The coin’s halving event in August is also
expected by the investors to boost its price. $LTC is back at
monthly support , next few months will be interesting🔥 #litecoin
#ltc pic.twitter.com/oGrWC0ogLP — Mags (@thescalpingpro) March 23,
2023 The token is currently trading on a red candle which is a sign
that investors are gaining profits. LTC might experience an
explosive upward movement in the coming days as it is oscillating
between $90 and $96. If the token breaks through $96 in the coming
days, LTC should be able to regain $100 in the medium to
long-term. XLM Investors are also eyeing this token as
analysts show that XLM will move upwards. According to crypto
analyst Captain Faibik, the token exhibited signs that it would
break the falling wedge formation in the coming days. With the
market showing resilience against recent macroeconomic
developments, XLM is seen adding more digits to its current price
level. BTCUSD approaching the $28K region on the daily chart at
TradingView.com Related Reading: Bitcoin Price Barrels Past $28,000
– Can BTC Keep Pushing This Week? The bulls are currently held up
by the $0.09961 resistance. If this is broken in the coming days,
we can expect XLM to settle above the previously mentioned
resistance level. This would give the bulls a strong launchpad to
reach $0.1 in the long-term. It seems Centralized staking is
officially a thing of the past. This is very bullish for $flr $sgb.
SEC cannot sue the blockchain. they can’t sue true
decentralization. People will flock to @FlareNetworks . F and S
assets will be MEGA pic.twitter.com/0lUy21cZIq — FLR Monk ⚡️☀️🕊☀️🕊
(@XrpMonk) March 23, 2023 FLR With centralized staking being
dismantled by regulatory troubles, Flare network’s approach in
staking could give it an edge against competitors. This made FLR
bulls more optimistic about the token experiencing 11% increase in
the weekly time frame. Analysts are also bullish that the
confidence on the network would continue, improving the price
trajectory of FLR in the long-term. The token is currently
being supported at $0.02991 which would give the bulls a strong
support in the long run. $0.0401926 should be the medium to
long-term target for the bulls. A breakthrough above this would
regain the token’s February support. -Entrepreneur Handbook
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