{"id":344606,"date":"2021-09-26T22:47:01","date_gmt":"2021-09-26T19:47:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/top-5-cryptocurrencies-to-watch-this-week-btc-avax-algo-xtz-egld\/"},"modified":"2021-09-26T22:47:01","modified_gmt":"2021-09-26T19:47:01","slug":"top-5-cryptocurrencies-to-watch-this-week-btc-avax-algo-xtz-egld","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/top-5-cryptocurrencies-to-watch-this-week-btc-avax-algo-xtz-egld\/","title":{"rendered":"# Top 5 cryptocurrencies to watch this week: BTC, AVAX, ALGO, XTZ, EGLD"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3eaea95702e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3eaea95702e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/top-5-cryptocurrencies-to-watch-this-week-btc-avax-algo-xtz-egld\/#BTCUSDT\" >BTC\/USDT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/top-5-cryptocurrencies-to-watch-this-week-btc-avax-algo-xtz-egld\/#AVAXUSDT\" >AVAX\/USDT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/top-5-cryptocurrencies-to-watch-this-week-btc-avax-algo-xtz-egld\/#ALGOUSDT\" >ALGO\/USDT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/top-5-cryptocurrencies-to-watch-this-week-btc-avax-algo-xtz-egld\/#XTZUSDT\" >XTZ\/USDT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/top-5-cryptocurrencies-to-watch-this-week-btc-avax-algo-xtz-egld\/#EGLDUSDT\" >EGLD\/USDT<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Top 5 cryptocurrencies to watch this week: BTC, AVAX, ALGO, XTZ, EGLD <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>China has attempted to stifle the crypto sector\u2019s growth on several occasions in the past 12 years but barring a minor blip, the blanket bans on crypto-commerce have not altered the long-term growth of cryptocurrencies. This shows that no one country, even if it is the second-largest economy in the world, can halt the emergence and growth of cryptocurrencies.<\/p>\n<p>Deutsche Bank analyst Marion Laboure said in an update on the bank\u2019s website that Bitcoin (BTC) is likely to \u201cremain ultra-volatile in the foreseeable future\u201d as most people buy it either for investment or for speculation rather than using it as a medium of exchange.<\/p>\n<p>However, Laboure believes that Bitcoin could become \u201cthe 21st century\u2019s digital gold\u201d and the trend could continue for centuries with no major control by the government. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/53c1b2f6-ce89-4e08-a572-4b955e81c7a0.png\"><figcaption style=\"text-align: center;\"><em>Crypto market data daily view. Source:<\/em><em> <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coin360.com\/\"><em>Coin360<\/em><\/a><\/figcaption><\/figure>\n<p>At Morningstar\u2019s yearly investment conference, Dennis Lynch, the head of asset management at Counterpoint, likened Bitcoin to the South Park cartoon character Kenny. Lynch said: &#8220;I like to say that bitcoin&#8217;s kind of like Kenny from South Park \u2014 he dies every episode, and is back again.\u201d<\/p>\n<p>As the effect of the China FUD diminishes, let\u2019s study the charts of the top-5 cryptocurrencies that may remain strong in the short term.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<h2><span class=\"ez-toc-section\" id=\"BTCUSDT\"><\/span>BTC\/USDT<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin has once again bounced off the 100-day simple moving average ($41,002), suggesting that bulls are attempting to defend this level aggressively. The bulls will now try to push the price above the 20-day exponential moving average ($45,178). <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/a4a7b5ae-61ed-407a-a647-dfd4a198551f.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USDT daily chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The downsloping 20-day EMA and the relative strength index (RSI) in the negative zone suggest that bears have the upper hand. If the price turns down from the 20-day EMA, the possibility of a break below the 100-day SMA will increase.<\/p>\n<p>Such a move will complete the bearish head and shoulders pattern, which has a target objective at $32,423.05.<\/p>\n<p>The bulls will have to push and sustain the price above the overhead resistance at $48,843 to open the doors for a possible rally to $52,920. A break and close above this level could signal the resumption of the uptrend.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/0986e18e-ab2f-4aee-a279-65e029884122.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The BTC\/USDT pair is witnessing a tough tussle between the bulls and the bears near the neckline. The bulls have pushed the price above the 20-EMA and will next try to clear the overhead hurdle at $45,200.<\/p>\n<p>If they can pull it off, the pair could climb to $49,000. Conversely, if the price turns down from the current level, the bears will try to pull the price below the critical support zone at $41,000 to $39,600. A violation of this zone may indicate the start of a downtrend.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"AVAXUSDT\"><\/span>AVAX\/USDT<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Avalanche (AVAX) is trading inside an ascending channel pattern. The long tail on today\u2019s candlestick suggests that bulls are aggressively buying on dips to the 20-day EMA ($61).<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/80685c3d-7a0b-4489-bc6e-76fe499517c9.png\"><figcaption style=\"text-align: center;\"><em>AVAX\/USDT daily chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The rising moving averages and the RSI in the positive zone indicate advantage to buyers. The AVAX\/USDT pair could now try to retest the all-time high at $79.80. This is an important level to watch out for because a break above it could signal the resumption of the uptrend.<\/p>\n<p>The pair could then rally to the resistance line of the channel and the bullish momentum may pick up if this hurdle is crossed.<\/p>\n<p>Conversely, if the price turns down from the current level or the overhead resistance and breaks below $60.04, it will suggest the start of a deeper correction to the 50-day SMA ($45).<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/15474628-cef8-4665-b1e3-0f84bb356318.png\"><figcaption style=\"text-align: center;\"><em>AVAX\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The pair has bounced off the 100-SMA and the bulls are attempting to sustain the price above the 20-EMA. If they manage to do that, the pair could start its northward march to $79.80 where the bears may again mount a stiff resistance.<\/p>\n<p>On the downside, the critical level to watch is the support line of the channel. A break and close below this support will be the first indication that the bulls may be losing their grip. If the price slips below $60.04, the decline could extend to $55.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ALGOUSDT\"><\/span>ALGO\/USDT<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Algorand (ALGO) is trading below the 20-day EMA ($1.77) but the long tail on today\u2019s candlestick suggests that bulls are attempting to defend the support at $1.51. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/bf435275-4d4b-4ee7-9f69-bea189fdd9d1.png\"><figcaption style=\"text-align: center;\"><em>ALGO\/USDT daily chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>If bulls drive and sustain the price above the downtrend line, it will suggest that the short-term correction could be over. The ALGO\/USDT pair could then rise to $2.15 and then to $2.55.<\/p>\n<p>Alternatively, if the price turns down from $1.84, the pair could again drop to $1.51. If the bulls defend this support, the pair may remain range-bound between $1.84 and $1.51 for a few days.<\/p>\n<p>A break and close below $1.51 will signal a possible change in trend. The pair could then slide to the next support at $1.15.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/20d3632d-b7ae-43e3-8ef6-e429798acab4.png\"><figcaption style=\"text-align: center;\"><em>ALGO\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The pair is trying to rebound off the strong support at $1.51 but the recovery may hit a barrier at the moving averages and then again at the downtrend line. <\/p>\n<p>If the price turns down from the overhead resistance, it will indicate that sentiment remains negative and traders are selling on relief rallies. That will increase the likelihood of a break below $1.51.<\/p>\n<p>This negative view will be negated if the price rises and sustains above the downtrend line. The bulls will then make one more attempt to resume the up-move. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Derivatives data suggests Solana has reached a short-term top<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"XTZUSDT\"><\/span>XTZ\/USDT<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tezos (XTZ) rebounded sharply from the breakout level at $4.47 on Sept.22, indicating aggressive buying on dips. The bulls pushed the price back above the 20-day EMA ($6.10) on Sept. 23 and have held the level since then.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/06917b68-ab91-42e9-a7e9-1643c58a3d43.png\"><figcaption style=\"text-align: center;\"><em>XTZ\/USDT daily chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The moving averages are sloping up and the RSI is in the positive territory, suggesting that bulls have the upper hand. The buyers are likely to challenge the overhead resistance zone at $8.03 to $8.42.<\/p>\n<p>A breakout and close above this zone will signal the start of the next leg of the uptrend. The pair could then rally to the psychological mark at $10.<\/p>\n<p>Contrary to this assumption, if the price turns down from the current level or the overhead resistance and breaks below the 20-day EMA, the pair could drop to $4.47. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/e56653e0-3299-4e2b-a2bf-28996dfbc86d.png\"><figcaption style=\"text-align: center;\"><em>XTZ\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The pair is attempting to rebound off the 20-EMA, indicating that sentiment has turned positive and traders are buying on dips. The bulls will now try to push the price to the overhead resistance at $7.50.<\/p>\n<p>If this level is scaled, the pair may rally to $8.03 where the bears are likely to mount a stiff resistance. If bulls do not give up much ground from this resistance, the possibility of a break above it will increase.<\/p>\n<p>This bullish view will invalidate if the price turns down and breaks below the moving averages. Such a move could result in a drop to $5.50 and then $4.47.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"EGLDUSDT\"><\/span>EGLD\/USDT<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Elrond (EGLD) bounced off the 50-day SMA ($181) but could not clear the overhead hurdle at $245.80. This suggests that bulls are buying on dips while bears are selling on rallies.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/be8f8a84-2c78-45aa-8d37-a13d1be1d17f.png\"><figcaption style=\"text-align: center;\"><em>EGLD\/USDT daily chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The 20-day EMA ($220) has flattened out and the RSI is just above the midpoint, indicating a balance between supply and demand.<\/p>\n<p>The buyers are attempting to sustain the EGLD\/USDT pair above the 20-day EMA. If they manage to do that, the bulls will again try to push the pair above $245.80. If they manage to do that, the pair could rally to $303.03. <\/p>\n<p>On the contrary, if bears pull the price down from the current level, a retest of the 50-day SMA is possible. A break and close below this support could open the doors for a further decline to the 100-day SMA ($132).<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/cc7bf3a0-42f5-40ba-a9ca-8a96541dc1b4.png\"><figcaption style=\"text-align: center;\"><em>EGLD\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The pair has bounced off the uptrend line, which suggests that traders are buying on dips. The bulls will now try to propel and sustain the price above the downtrend line. If they succeed, the pair may resume its up-move and rally to $277.88 and then to $303.03.<\/p>\n<p>Contrary to this assumption, if the price turns down from the downtrend line, the bears will try to gain an advantage by pulling the price below the uptrend line. Such a move could clear the path for a deeper correction.<\/p>\n<p><em>The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/top-5-cryptocurrencies-to-watch-this-week-btc-avax-algo-xtz-egld\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Top 5 cryptocurrencies to watch this week: BTC, AVAX, ALGO, XTZ, EGLD &#8221; China has attempted to stifle the crypto sector\u2019s growth on several occasions in the past 12 years but barring a minor blip, the blanket bans on crypto-commerce have not altered the long-term growth of cryptocurrencies. This shows that no one country,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":344607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvZGVjNmExMTYtNThhNi00NDFhLWE0MWYtNGRiY2VlNTI0NGIzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75866,74867,74862,74937,74858,74863,74860,74868,75037,4973,73785],"class_list":["post-344606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-algorand","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-bitcoin-regulation","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-defi","tag-tezos","tag-china","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/344606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=344606"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/344606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/344607"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=344606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=344606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=344606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}