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Finbold experts named 3 cryptocurrencies worth paying attention to this week
According to analysts, although the flagship cryptocurrency has retreated from its record high, the market can still be considered bullish. Finbold experts have identified 3 cryptocurrencies worth watching next week.
Dogecoin (DOGE)
Memtokens are one of the most prominent categories in the current bullish trend, attracting significant investor interest. Most meme coins have suffered losses, but Dogecoin (DOGE) stands out, having recorded double-digit gains over the past week.
DOGE is currently worth watching because of its potential ability to sustain the growth recorded earlier, analysts believe. At the time of writing, Dogecoin was trading at $ 0.17, down 1.2% over the past 24 hours. Over the past 7 days, the token has risen by almost 16%.
Bitcoin (BTC)
During the current bitcoin rally, this leading cryptocurrency broke out of historical patterns, in particular, reaching a new high before halving. At the moment, bitcoin is trying to keep the price above the $ 65,000 support level, with some analysts believing that the cryptocurrency has a strong bearish bias.
According to Finbold, the $ 65,000 level remains key, as it will influence the direction in which bitcoin will move. Crypto analyst Alan Santana noted that trading bitcoin below the $ 65,000 level means that the asset is at risk of long-term losses.
Solana (SOL)
The blockchain cryptocurrency by Ukrainian developer Anatoliy Yakovenko remains one of the success stories of the current market rally, thanks in part to the meme coins launched on the platform. During the current rally, Solana’s price has faced a significant deviation from the psychological level of $ 200 and is currently trading almost 10% below the previous week’s closing level.
With the start of the new week, Solana’s price trajectory is worth watching, Finbold emphasizes. If the price of SOL can overcome the psychological level of $ 200, the chances of an uptrend continuation will be high. However, if the price of bitcoin declines, SOL may follow suit.