9 Cryptocurrencies to Hold On Your Watchlist This Week: Worth Evaluation 

• The costs of XEC, BTT, and XLM would possibly prolong towards new highs as bulls dominate the charts.
• SUI offered a purchase sign at $1.46, ALGO sellers turned weak whereas LTC would possibly pull again.
• RB flashed a promote sign, FIL’s worth would possibly lower whereas INJ displayed excessive volatility. 

After a widespread hike just a few weeks in the past, the costs of many cryptocurrencies have decreased. Whereas some have made makes an attempt at hitting earlier peaks, most have been unsuccessful. Nonetheless, there have been a choose few which have defied the chances. Here’s a thorough evaluation of 9 cryptocurrencies out there. Learn on.

eCash (XEC)

XEC was one of many tokens which outperformed nearly all of the cryptocurrencies out there. At press time, XEC modified arms at $0.000063. This was a 22.75% improve within the final 24 hours.

CoinMarketCap additionally confirmed that eCash’s quantity jumped by 1,948% throughout the similar interval. The rise in quantity meant that demand for the token was not synthetic. If the quantity continues to rise alongside the worth, XEC would possibly rise increased.

From a technical perspective, the Bollinger Bands (BB) indicated that volatility had elevated across the token, suggesting large worth fluctuations. Nonetheless, the higher band of the BB additionally touched XEC at $0.000065, indicating that it was overbought.

The Relative Power Index (RSI) additionally hit 80.03 earlier than its latest lower, confirming the BB indications. Nonetheless, the RSI studying had begun to extend, suggesting that XEC’s retracement was just for a brief interval. 

Ought to bullish momentum dominate the charts, XEC’s worth would possibly rise towards $0.000070. However, the worth of the token would possibly lower if bulls stall their affect.

Bittorent (BTT)

BTT was one other token that displayed an uptrend on the 4-hour chart on March 23. Like XEC, the 24-hour quantity additionally elevated. However a bearish engulfing candlestick reversed the uptrend in a while.

Because of this, BTT’s worth declined to $0.0000014. Nonetheless, bulls had been making an attempt to push the worth again as much as $0.0000016 at press time. With the underlying assist at $0.0000013, the try could be profitable.

The Transferring Common Convergence Divergence (MACD) additionally supported the bias as its studying flipped optimistic. Because it stands, BTT’s worth would possibly prolong as excessive as $0.0000018 within the brief time period.

Algorand (ALGO)

An evaluation of the 4-hour ALGO/USD chart confirmed that the token was popping out of its despair section. Beforehand, ALGO’s worth had dropped from $0.32 to $0.22. However an upswing within the final 24 hours indicated that the correction could be over.

The Relative Power Index (RSI) additionally backed up this forecast because the oscillator went northward.  Whereas ALGO makes an attempt to climb, merchants would possibly have to be careful for resistance at $0.26, and one other at $0.29.

If bulls can blast previous the resistance, then ALGO would possibly hit $0.30 within the brief time period. Conversely, bearish resistance would possibly ship the worth again to $0.22.

Litecoin (LTC)

On the 4-hour timeframe, LTC mirrored a battle between bulls and bears. At press time, the coin was 17.98% down from the height it reached on March 11. A take a look at the Fibonacci retracement confirmed that Litecoin’s worth would possibly pull again as little as $79.15.

This was the place the 0.786 Fib stage was positioned. In the meantime, the Superior Oscillator (AO) envisioned a bullish trajectory for LTC. However as of this writing, a crimson histogram bar had appeared on the AO, suggesting that the upward outlook could possibly be invalidated.

SUI

There was nearly no bullish conviction on the SU/UD 4-hour construction. As of this writing, bears continued to dictate the route of the worth because it fell to $1.64. Nonetheless, the huge decline meant that SUI sellers would possibly quickly be exhausted, and bulls would possibly capitalize on that.

Alerts from the Cash Stream Index (MFI) agreed with this prediction as its studying reversed upwards. Curiously, the Supertrend additionally aligned with the MFI, exhibiting a potential shopping for alternative at $1.64.

Filecoin (FIL)

Filecoin nearly hit $9.50 on March 22. But it surely encountered rejection at $9.17, main the worth to drop under the psychological $9 area.

From the evaluation under, FIL’s worth would possibly proceed to say no attributable to indications from the RSI. At press time, the RSI studying was 46.61, suggesting bearish momentum. Nonetheless, the MACD was making an attempt to maneuver right into a optimistic territory.

If the MACD turns into optimistic, the sign from the RSI would possibly take a backseat and FIL’s worth would possibly rise towards $10.65. But when the momentum stalls, the worth of the token would possibly decline to $8.02.

Arbitrum (ARB)

Regardless of the huge downturn ARB skilled, the Exponential Transferring Common (EMA) flashed a promote sign. At press time, the 50 EMA (yellow) had crossed over the 20 EMA (blue), confirming the bearish bias. 

Moreover, ARB’s worth was decrease than each ranges. With this pattern, the worth of the token could be set to hit $1.55 as there was little to no bullish look on the charts.

Stellar (XLM)

XLM’s pattern of the 4-hour chart depicted a token set to go away the crimson candlesticks behind for a brand new excessive. As of this writing, XLM had gained 3.08% within the final 24 hours, and the Aroon indicator revealed that there could possibly be extra.

On the time of wrting the Aroon Up (orange) had a better ratio than the Aroon Down (blue). Moreover, the RSI studying displayed elevated shopping for momentum which might assist the token worth improve.

Injective (INJ)

The INJ market construction was largely bearish at press time.  Nonetheless, the Bollinger Bands indicated that the token was oversold because the decrease band hit the worth at $34.75.  This pattern meant that INJ might need offered a purchase sign contemplating the excessive volatility across the token.

In a extremely bullish case, INJ’s worth would possibly prolong to $39.39. For the bearish section, the 4-hour evaluation confirmed that the cryptocurrency won’t slide under $34.80. 

One other indicator we checked out was the Chaikin Cash Stream (CMF) whose studying was adverse. To validate INJ’s bullish outlook, extra capital has to circulate into the cryptocurrency. If not, the worth would possibly lower far more than the prediction talked about above.