{"id":230052,"date":"2024-08-18T18:19:37","date_gmt":"2024-08-18T18:19:37","guid":{"rendered":"https:\/\/newhampshiredigitalnews.com\/index.php\/2024\/08\/18\/top-cryptocurrencies-to-watch-this-week\/"},"modified":"2024-08-18T18:19:37","modified_gmt":"2024-08-18T18:19:37","slug":"top-cryptocurrencies-to-watch-this-week","status":"publish","type":"post","link":"https:\/\/newhampshiredigitalnews.com\/index.php\/2024\/08\/18\/top-cryptocurrencies-to-watch-this-week\/","title":{"rendered":"Top cryptocurrencies to watch this week"},"content":{"rendered":"


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Altcoins took a hit last week, leading to a $40 billion decline in the global crypto market cap, which dropped to $2.09 trillion. This week\u2019s trio of top cryptocurrencies are worth watching in the coming days.<\/p>\n

RARE secures 223% weekly gain<\/h2>\n

SuperRare (RARE<\/a>), the native token of the NFT marketplace<\/a>, witnessed volatility last week. <\/p>\n

The token started the week with a 34% surge before facing a three-day decline from Aug. 12 to 14, dropping 18%.\u00a0<\/p>\n

\"RARE,\n<\/picture>
RARE 1D chart \u2013 Aug. 18 | Source: Trading View<\/a><\/figcaption><\/figure>\n

However, it rebounded on Aug. 15, triggering a surge in social volume, according to a disclosure from LunarCrush. <\/p>\n

Amid a resurgence of interest, RARE sustained the run, spiking 127% in three days and closing the week with a 223% gain.<\/p>\n

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The token\u2019s RSI now stands at 91.14, indicating an overbought condition. This suggests a possible upcoming correction. The CCI, at 374.45, also signals massive overbought levels, confirming these sentiments.<\/p>\n

The latest run has helped RARE surpass the 0.236 Fibonacci level, as it currently looks to sustain its position above $0.3. If RARE holds the 0.236 Fibonacci support, it may continue upwards.<\/p>\n

FXS maintains resilience\u00a0<\/h2>\n

Frax Share (FXS<\/a>) exhibited limited volatility last week, closing at $1.906. This represented a meager 0.67% drop. This lackluster movement contrasted the primarily bearish trend<\/a> in the broader market, suggesting a hint of resilience from FXS.<\/p>\n

\"RARE,\n<\/picture>
FXS 1D chart \u2013 Aug. 18 | Source: Trading View<\/a><\/figcaption><\/figure>\n

However, Frax Share\u2019s moving averages indicate bullish potential. The asset recently crossed above the nine-day MA (orange line) as its short-term momentum flipped bullish.\u00a0<\/p>\n

Also, the nine-day MA looks to cross above the 21-day MA (green line). If this MA cross occurs, it could suggest a bullish reversal on the horizon.\u00a0<\/p>\n

The Stochastic Momentum Index also supports this outlook. The SMI line (blue) has surged above the MA line (orange), indicating building bullish momentum. As both indicators align, FXS<\/a> could be poised for an upward move. However, confirmation in the coming days is essential.\u00a0<\/p>\n

COTI faces mixed sentiments<\/h2>\n

COTI was bearish throughout last week, collapsing 14% from Aug. 11 to 15. However, it recorded a 21% surge on Saturday to close the week with a 10% increase.\u00a0 <\/p>\n

The asset has now been corrected as it encounters selling pressure.\u00a0<\/p>\n

\"RARE,\n<\/picture>
COTI 1D chart \u2013 Aug. 18 | Source: Trading View<\/a><\/figcaption><\/figure>\n

The daily pivot points show key resistance at $0.10017, $0.12553, and $0.14120. COTI\u2019s immediate support lies at $0.07481, representing S1. <\/p>\n

A breakdown below S1 could push prices towards S2 at $0.05914.<\/p>\n

Meanwhile, the Directional Moving Index indicates bearish momentum. The ADX (red line) is at 30.4, suggesting a strong trend, while the -DI (orange line) at 22.57 is above the +DI (blue line) at 19.04, confirming bearish pressure.<\/p>\n

COTI\u2019s ability to hold above S1 is crucial. Failure to do so could trigger further downside, whereas breaking through the Pivot might offer a chance for a recovery rally.<\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Altcoins took a hit last week, leading to a $40 billion decline in the global crypto market cap, which dropped to $2.09 trillion. This week\u2019s<\/p>\n","protected":false},"author":1,"featured_media":230053,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[163],"tags":[],"class_list":["post-230052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/230052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=230052"}],"version-history":[{"count":0,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/230052\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/230053"}],"wp:attachment":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=230052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=230052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=230052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}