Top Cryptos Which Need to Be Closely Monitored in the Coming Week

Top Cryptos to Watch in the Upcoming Week

As the cryptocurrency markets approach the end of the first fortnight, several altcoins exhibit notable strength, while major ones remain range-bound. Here are some cryptocurrencies poised for significant price movements in the coming week, potentially impacting the broader crypto landscape:

Bitcoin (BTC)

Bitcoin, a highly scrutinized asset in the crypto markets, has experienced price uncertainty. After surpassing $60,000, it has held these gains, bolstering bullish sentiment. In the coming weeks, BTC is expected to consolidate upward, supported by favorable technical indicators.

However, short-term analysis suggests BTC may remain range-bound. The Ichimoku cloud signals bullishness, but the MACD indicates waning buying pressure and a potential bearish crossover. This suggests the possibility of extended sideways movement above $59,500 until a bullish wave propels it above $62,500.

Solana (SOL)

SOL exhibits weakness as it struggles to overcome key resistance levels. Following a breakdown from a rising wedge pattern, SOL has consolidated within a narrow range. It appears to be gathering strength, potentially leading to a recovery of lost ground.

Short-term analysis suggests significant price action for SOL. The StochRSI nears a bearish range, indicating a potential pullback below $140. However, reduced trading volume suggests the possibility of a price breakout. With this, SOL could rise to $160 in the near future.

Pepe (PEPE)

Like Solana and Bitcoin, PEPE consolidates within a narrow range, albeit near a support trend line. The memecoin attempts to recover as it trades within an ascending triangle. While bulls strive to reclaim $0.00001, bears anticipate increased activity.

Short-term analysis for PEPE suggests a rally followed by a bearish pullback below $0.00000750. The MACD signals bearishness, and the price approaches positive territory. After reaching this support, a rebound is expected, potentially triggered by increased volume.