The Top 5 cryptocurrencies for this week

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During the weekend, Bitcoin (BTC) as well as many altcoins are trading in a narrow range, indicating that investors are undecided about the next directional move. Bitcoin is about to test the $40,000 level depending on Wall Street’s interest during the upcoming session. Wall Street will have a huge effect if they open flat Monday then what happens next might be scary. You could expect BTC to spike above the $40k mark if APE breaks out at a resistance level at around 2154 satoshis. Traders might expect Wall Street to start before making extensive directional bets. But what have been the best cryptocurrencies heading into the new week? Let’s run through the top cryptocurrencies for the coming days from the best POS coins for this week to the more obscure risers:

Bitcoin (BTC)

Bitcoin remains the best cryptocurrency and it’s the biggest and most well-known. Bitcoin has been incredibly stable this past month. BTC went under the psych support level of $40,000 on April 22, however, even with that, there seems to be no bearish trend to capitalize on this movement. This level seems to be a good buy point for bulls, as Bitcoin tends to do better when it stays relatively flat. The big question mark on Bitcoin’s horizon is whether or not the bulls can keep this level up and if they are able to sustain it through what may be a choppy week ahead in the crypto market.

The rise and fall appear to be undecided, as evidenced by consecutive inside-day candlestick movements in the last two days. The 20-day EMA that is beyond $41,000 is slanting downward, and the RSI is negative, implying that sellers possess a slight advantage. If bears continue to push the crypto price under $39,000, the BTC/Tether (USDT) pair might fall to the upward channel’s support line. This amount is supposed to be fiercely defended by the bulls.

If the price returns violently from the support line, it suggests that there is a huge market at lower levels. To reflect that the adjustment may be over, the bulls must maintain a value that goes more than the SMA of near $42,000. The duo could then endeavour to rally to the 200-day simple moving average of $47,828. Hence, when it comes to BTC this week, it might be a good choice to buy crypto.

Polkadot (DOT)

Polkadot is already buying and selling next to the ceiling resistance level of $19 in recent days. This indicates that the drops successfully managed to defend the level, but a slight plus is that the rise hasn’t given up anything significant to the sellers. DOT is already one of the rising and best cryptocurrencies. Due to this fact, it’s one of the best cryptocurrencies to invest in too.

Dotcoin has been trending in the red this past month, and the reason for this is that Dotcoin’s main attraction (aside from Bitcoin) is its usage as a payment system. As Bitcoin and other cryptocurrencies become more well-known, the number of people who buy crypto – Dotcoin – has decreased. This could mean trouble for DOT coin if it can’t find a way to regain users and get back on track in the near future.