Overwhelmed by the decline of Bitcoin, Crypto Market stumbled on a new week with poor performance. The slowdown spills over Altcoins, dragging the sentiment of the wider market low.
Still, several US-linked projects are gaining attention as investors look for pockets of opportunity. There are three US coins worth watching this week.
Zebec Network (ZBCN)
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ZBCN has rejected today’s market dip to record a profit of 23% over the past 24 hours. That trading volume also rose 136%, totaling $33.38 million.
This surge in activity indicates that traders are flocking to ZBCN despite wider weaknesses across the market.
When both prices and trading volumes rise in tandem, they show strong beliefs behind the move. This means that ZBCN’s price rallies are backed by actual demand and can further increase its value.
As accumulation continues to grow, ZBCN can resist even more and test its resistance at $0.005028.
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Meanwhile, momentum will fade, and the pressure for buybacks will weaken, and its price will infringe $0.004507 and may retreat to $0.0041 as traders make profits.
Bertram Pomerania (Bad)
Meme Asset Bert has also betrayed the recent market DIP, recording a profit of 7% over the past week. This made it with US coins to watch this week.
Daily charts show that the relative strength index (RSI) of the token is breaking and climbing above 50 neutral lines, indicating that momentum purchases are being built. At the time of this writing, this important momentum indicator is 52.92.
The RSI indicator measures the market conditions for asset acquisitions and overselling. It ranges from 0 to 100. Values above 70 suggest that the asset is over-acquired and paid for a price drop, while values below 30 indicate that the asset is over-sold and may witness a rebound.
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Bert’s RSI measurements indicate that market participants prefer accumulation over distribution. If this trend continues, prices may continue to rise. In this scenario, you could potentially collect up to $0.0757.
Meanwhile, if demand stalls, Bert’s price could drop below $0.0651.
Avalanche (avax)
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Avax rose 10% on the past day, and despite the market’s slow trend, he stands out as one of the more powerful performers.
The rating of the Elderly Index on the daily chart shows a positive reading, indicating that demand is gaining momentum. This suggests that buyers have regained control after the recent sale.
As demand continues to skyrocket, Avax can be pushed higher and violate the $35 price level.
Conversely, when purchasing pressure decreases and emotions change, the risk of returning to support around $30.23 is slipped.
