The top cryptocurrencys to watch in the coming week

This past week was the most bullish for the crypto market since March. The global market cap soared to 2,85 trillion dollars by the weekend.

BitcoinBTCThe rally was led by, who spearheaded it following Donald Trump’s victory in the U.S. presidential election, breaking past its previous all-time high—nearing the $80,000 mark— and entering a price discovery phase.

Altcoins also contributed to this increase, and have significantly increased the global market’s valuation. Watch out for the best performers of last weekend.

Ethereum surpasses $3,000.

EthereumETH() took advantage of the uptrend from last week to reach multi-month records. Ethereum fell 2.8% initially on November 4, but closed the day with a 27,3% increase.

The majority of the gains were made on November 6, following Trump’s victory in the election. ETH soared 12.49% in one day, the largest gain it has seen for three months. The $3,000 resistance and upper Keltner Channel were surpassed. mark.

ETH finished the week over $3,100 and above the upper channels. This position is overbought, and a pullback could occur to $2,981 if momentum drops.

This altcoin has also seen its RSI surge to 75.62 confirming an overbought situation. This suggests that ETH can still grow if bulls keep control. The next significant resistance is $3,396.

Shiba Inus spike 21%

Shiba Inu benefited from the gains made last weekSHIB( ), allowing meme coins to rise by 21%. This is the strongest weekly performance in more than a month. 

SHIB has not been able to keep up with the overall trend since Nov. 5. surpass The $0.00002 psychological barrier was not broken until the 9th of November, the first time in almost a month. Shiba Inu closed the week in this area, at $0.00002050.

On November 6, MACD for the meme coin showed a positive crossover, signifying increased positive momentum. It also signals the possibility of a further upsurge. SHIB is currently trading over $0.000022 after consolidating for 2 days.

Shiba Inu is now at the highest price of June, $0.00002622. If a decline occurs, however, it’s immediate support is at the Fibonacci 23.6% levels at $0.00002157. Further support comes at $0.00002055 which is the last level above $0.00002.

SUI announces new ATH

Sui (SUIThis native token, which is part of layer-1 of the blockchain with the same name (), has aligned its price to that of Bitcoin, reaching an all-time record of $3.14. The previous high was $2.94. peak The price is $2.36

Sui’s price soared 20% in one day on November 9th, the first time it has been priced at $3 since the launch. SUI finally broke the $3 barrier at the start of the week, reaching a peak price of $3.14 before settling back down to $3.1.

It has been exhibiting higher lows for the past week. Sui’s Stochastic Impulse Index is now at 79.1, meaning that the asset has moved towards overbought territory.

If the price drops, watch for $2.75.