Cryptocurrencies’ prices rallied last week as US President Donald Trump said, without citing examples, that commercial discussions with other countries were held.
Bitcoin (BTC) exceeded $ 95,000 for the first time in more than a month, while the market capitalization of all the memes Solana (soil) jumped more than $ 10 billion. This article explains why Pi Network (PI), Ripple (XRP) and Su (Su) are the best cryptocurrencies to look at this week.
The unlocking of SUP tokens could disrupt the rally
SU, a higher layer 1 network was one of the most efficient parts in the cryptographic industry when it increased to $ 3.8, its highest level since February 1, and more than 110% compared to its lowest level of this month.
He rallied as the main parts of memes in his ecosystem has increased, resulting in a 60% increase in the weekly volume. The protocols of its platform have reached more than $ 3.43 billion in volume in the last 7 days, bringing monthly transactions to more than $ 11 billion.
The overvoltage of sui can be disrupted by a large unlocking of tokens scheduled for Thursday. The network will publish tokens worth $ 120 million. The unlocks of tokens lead to dilution, often affecting the performance of a room.
The daily graphic also shows that the Su sur Prix has become exaggerated while the relative force index has increased to 77. Consequently, the part is likely to remove and retest the key support at $ 2,8150, the neckline of the double -bottomed model at $ 2.
The XRP price is at a key level
Due to its techniques, Ripple’s Token will be under the spotlight this week. The graph below shows that the XRP price was negotiated at $ 2.17 on Sunday, a notable level for two reasons. First of all, it occurs along the exponential mobile average of 50 days, which has provided substantial resistance in recent months.
Second, the price is along the descending trend line connecting the highest levels since January 16. This trend line is the upper side of the descending triangle, the lower side of which is $ 1,9437.
A descending triangle is a popular lowered graphic pattern. Consequently, the part will have to exceed the inclined trend line and the 50 -day mobile average to invalidate the downward perspective of the triangle.
PI network: will consolidation end?
Pi Network will be a higher cryptocurrency to look at this week while its consolidation continues. He stayed at $ 0,6350 in recent weeks, and he has not participated in the resumption of cryptography last week.
Therefore, this consolidation can be calm before the storm, because everything that needs PI is a minor catalyst, and its price will become parabolic. A potential catalyst will be an exchange list by one or more levels of level 1. HTX, a higher exchange which is advised by Justin Sun, sent clues that he will soon list. For example, Pi Network appeared on several x items, including the one below and this one.
The other top cryptocurrencies to look at this week include the Cetus protocol, the Maverick protocol, optimism, Penndle and Morpho, which will have loose tokens, and BSC will launch the upgrade of Lorentz.
