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Cryptocurrency News Articles

Top 3 Cryptocurrencies to Watch This Week: JUP, OCEAN, ATOM

Sep 08, 2024 at 11:21 pm

The global crypto market cap shed an additional $150 billion to close the week at $1.92 trillion. This marked the first time in a month the valuation

Top 3 Cryptocurrencies to Watch This Week: JUP, OCEAN, ATOM

As the global crypto market cap experiences an additional $150 billion loss, closing the week at $1.92 trillion, several leading cryptocurrencies exhibited significant price movements.

Among them, JUP (JUP) encountered resistance at $0.70 and ended the week at $0.6979 after facing bearish pressure.

Investors can anticipate a clearer momentum if the price decisively breaks above the middle Bollinger Band or falls below the lower band.

OCEAN Protocol (OCEAN) had a volatile week, starting with gains of 9% on Sept. 1 and 2, which were quickly reversed in an 8.82% drop on Sept. 3.

If the price manages to break above the cloud, it may attempt to challenge higher levels of resistance, with Senkou Span B ($0.4935) being a crucial point of resistance.

On the other hand, a break below the Kijun-Sen could signal further declines toward $0.46.

Finally, Cosmos (ATOM) had a rough week, experiencing an 18.8% drop and closing at $3.67. The persistent bearish momentum kept prices low throughout the week.

The Stoch RSI's K line is at 2.49, while the D line has dropped to 0.83, signaling that ATOM is deeply oversold. This could indicate a potential rebound if buyers step in. However, the current trend remains bearish.

Original source:crypto

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