Cryptocurrencies to watch this week: Aptos, XRP, Solana 6 seconds ago

cryptonews
04-07

Cryptocurrency prices were mixed last week after President Donald Trump announced his reciprocal tariffs and Federal Reserve Chairman Jerome Powell warned about stagflation.

Bitcoin (BTC) hovered between $82,000 and $85,000, while the market cap of all coins dropped slightly to $2.65 trillion. Some of the top cryptocurrencies to watch this week will be Aptos (APT), Ripple (XRP), and Solana (SOL).

Aptos 

APT price chart | Source: crypto.news

Aptos’s price has been in a strong downtrend this year, dropping from November’s high of $15.32 to $4.70. This decline happened because of the ongoing crypto crash and its token unlocks, leading to substantial dilution. 

Aptos has a circulating supply of 604 million against its total supply of 1.14 billion, with 11.3 million tokens being unlocked each month. The next unlock will happen on Saturday, when tokens worth $52 million will be allocated to the community, core contributors, investors, and the foundation.

These unlocks come as the Aptos price hovers at an important support level. It has resisted moving below the current range at least four times since July last year. Therefore, a volume-supported drop below the current level will point to more downside, potentially below $4. The bearish view will become invalid if the coin rises above the 50-day moving average at $5.80.

XRP

Ripple chart | Source: crypto.news

XRP is another cryptocurrency to watch next week for technical reasons. The chart above shows that the coin traded at $2.10 on Sunday, a few points above the crucial support level at $1.9325. This is a notable level since it is the neckline of the head and shoulders pattern, whose head is at $3.4 and the shoulders are at $3. 

$1.9325 also coincides with the 50% Fibonacci Retracement level. Therefore, a drop below that level will confirm the bearish view of the H&S pattern and point to further downside, initially to $1.5370, the 61.8% retracement level. This target is about 26% below the current level. 

Solana

SOL price chart | Source: crypto.news

Solana, the popular layer-1 network, will also be one of the top cryptocurrencies to watch this week. Traders will focus on it because it has reached a crucial support level of $115, its lowest point in March. 

Solana is forming a small double-bottom pattern with a neckline at $147.18. This is an important bullish reversal sign. SOL has failed to move below this level several times since last year.

Therefore, a move below that support level will point to more downside, potentially to the support at $100. 

Read more: Cardano faces potential 40% drop as death cross looms

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10