Based on data from CoinMarketCal, we’ve compiled the top three cryptocurrencies of the week.
In the light of “fundamental analysis” that has an important place in the crypto industry, we have prepared three cryptocurrencies featured by the popular news site of cryptocurrencies CoinMarketCal. These cryptocurrencies have gained significant momentum in activity all week.
1- Bounce
The purpose of Bounce token is to facilitate trading of NFT assets and multiple Blockchains.
Bounce ranks first among the coins that entered CoinMarketCal’s radar this week in the light of its development and news in the coming periods. After entering the bear market, Bounce fell from the $14.5 band to $4 during the price period.
After the developments in January, BOUNCE showed a strong rise from the support level of 4 dollars, and rose to 8 dollars. Afterwards, the token failed to break the resistance level at $8 and declined to $6.5-7. Price continues to try $7.75. As the next attainable levels, a rise can be seen up to 10.3 and 10.78 levels.
2- Polkadot (DOT)
Polkadot (DOT) aims to establish a completely decentralized internet chain that connects non-centralized websites and networks that do not require public or private permission with Blockchain.
The gap from $7.1 to $6.8 daily could act as support in the DOT.
Moves to these areas are likely close to Friday’s AMA (Ask Me Anything) before price naturally tests the resistance level in the $8.05 to $8.6 region on the DOT.
The price could reasonably drop to the monthly open for February at $6,264. However, a more serious decline points us to the $5.87 to $5.73 level on the DOT.
3- Shiba Inu (SHIB)
Shiba Inu (SHIB) is a meme token inspired by the famous Japanese hunting dog Shiba.
SHIB found support near $0.00001294, where the bears rejected the bulls in early November. A sharp drop on the SHIB side could be targeting 2023 stops below the clean trendline marked by daily lows. These levels also indicate an area from $0.00001130 to $0.0000116. On the other hand, a possible bullish level can rise from $0.00001797 to $0.00001823.
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