Cryptocurrency prices were mixed last week after President Donald Trump announced his reciprocal tariffs and Federal Reserve Chairman Jerome Powell warned about stagflation.
Bitcoin (BTC) hovered between $82,000 and $85,000, while the market cap of all coins dropped slightly to $2.65 trillion. Some of the top cryptocurrencies to watch this week will be Aptos (APT), Ripple (XRP), and Solana (SOL).
Aptos’s price has been in a strong downtrend this year, dropping from November’s high of $15.32 to $4.70. This decline happened because of the ongoing crypto crash and its token unlocks, leading to substantial dilution.
Aptos has a circulating supply of 604 million against its total supply of 1.14 billion, with 11.3 million tokens being unlocked each month. The next unlock will happen on Saturday, when tokens worth $52 million will be allocated to the community, core contributors, investors, and the foundation.
These unlocks come as the Aptos price hovers at an important support level. It has resisted moving below the current range at least four times since July last year. Therefore, a volume-supported drop below the current level will point to more downside, potentially below $4. The bearish view will become invalid if the coin rises above the 50-day moving average at $5.80.
XRP is another cryptocurrency to watch next week for technical reasons. The chart above shows that the coin traded at $2.10 on Sunday, a few points above the crucial support level at $1.9325. This is a notable level since it is the neckline of the head and shoulders pattern, whose head is at $3.4 and the shoulders are at $3.
$1.9325 also coincides with the 50% Fibonacci Retracement level. Therefore, a drop below that level will confirm the bearish view of the H&S pattern and point to further downside, initially to $1.5370, the 61.8% retracement level. This target is about 26% below the current level.
Solana, the popular layer-1 network, will also be one of the top cryptocurrencies to watch this week. Traders will focus on it because it has reached a crucial support level of $115, its lowest point in March.
Solana is forming a small double-bottom pattern with a neckline at $147.18. This is an important bullish reversal sign. SOL has failed to move below this level several times since last year.
Therefore, a move below that support level will point to more downside, potentially to the support at $100.
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