Based on data from CoinMarketCal, we’ve compiled the top three cryptocurrencies of the week.
In light of the “fundamental analysis” that has an important place in the crypto industry, we have prepared three cryptocurrencies featured by the popular crypto news site CoinMarketCal. These cryptocurrencies have gained significant momentum in activity all week.
1- MultiverseX (EGLD)
EGLD is a blockchain designed for high throughput and execution speed through Adaptive State Sharding and Secure Proof-of-Stake (PoS).
EGLD, which stands out with its news and graphics in the upcoming period, is in the first place for the “Three Most Featured Cryptocurrencies of the Week” prepared by CoinMarketcal. EGLD, which has increased by 46.40 percent since the beginning of 2023, continues its strong rise.
EGLD has reached the $46.80 levels, taking support from the strong support level of $32.47. With Bitcoin (BTC) taking action, EGLD, which approaches the resistance level at $48.13 on the daily chart, may face selling pressure at this resistance level. If the price exceeds the $48.13 level, an increase can be observed on the EGLD side to the level of 52.21–55.22–63.52 dollars, respectively.
2- TerraLuna (LUNC)
LUNC, the crypto project that emerged as a result of the May 2022 fork of the Terra network, has managed to build a strong community. Terra is a decentralized blockchain network that allows users in the ecosystem to implement applications and developments.
Continuing in the ascending channel structure, LUNC has reached the level of $ 0.00017 with the momentum gained from the 0.00012 support. Adopting the $0.00014 level as close support, LUNC can receive a bullish reaction from this level for possible declines. In LUNC’s bullish scenario, the $0.000211 level could act as resistance. With the breakout of the $0.000211 level, increases to the $0.000275–0.00028–0.000334 level, respectively, are possible.
3- Nuls (NULS)
NULS is a proof-of-credit blockchain platform that provides smart contracts. Aiming to be a customizable blockchain infrastructure using sidechains, NULS is also compatible with other blockchains.
Looking at the weekly chart for NULS, it stands out as a cryptocurrency that can see spikes. NULS has reached the level of $ 0.2900 with the upward momentum it received from the level of $ 0.0949. For the upside to continue on the NULS side, the $0.3764 level can be surpassed. As the deciding level, the $1.0776 level plays a role. The reaction from the $1.0776 level is important to prepare the ground for sharp rises. The instant rises experienced mostly sold at the $1,9942 level.
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