Top 5 cryptocurrencies to watch in 2022: BTC, ETH, BNB, AVAX, MATIC

Several altcoins will be more popular as cryptocurrencies end up being more commonly accepted. Over the next year, these altcoins could offer financiers with strong returns.

The MATIC of Polygon has actually been in an upward trend. The bulls attempted to press the cost greater than the $2.70 all-time high, but failed. This indicates that the overhead resistance is being protected aggressively by bears.

Once once again, the bears are trying to keep the price listed below 50-week SMA.

Positive news is that bulls are buying dips listed below the 20-week EMA ($ 1.62). This recommends that traders are still accumulating on dips and belief is bullish.

The bulls tried to defend the 20 week rapid moving average (EMA), which was $51,999, however they were not able to sustain the rebound. This increased the selling and pushed the cost below its 50-week simple moving mean (SMA) of $47,681.

Bulls purchased the dip, however they stopped working to extend the recovery beyond the 20-week EMA. This recommends a change in belief, from selling on rallies to buying on dips. When again, the bears are trying to keep the cost below 50-week SMA.

If the resistance is broken and the resistance is closed above, the next leg of the uptrend could begin. If momentum continues, the rally might reach $213.17.

If bulls have the ability to safeguard the 100-week SMA successfully, the pair will attempt another rise above the 20 week EMA. The pair will attempt to rally to the overhead zone, $64,854 to $69,000, if that takes place.

VAX/USDT.

This is an important level to keep an eye on since a break below could bring the set down to $1,700.

Bulls will try to overcome the emotionally crucial level of $5,000. If they are successful, the ETH/USDT pairing could begin the next leg with the very first target at the 100% Fibonacci extension at $5,719.68.

Consolidation near the perpetuity high is a good sign because it suggests that traders arent rushing to exit. This increases the chances of the up-move continuing.

Weekly chart of ETH/USDT Source: TradingView.

BTC/USDT.

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The 20-week EMA is beginning to decrease and the relative strength sign (RSI) has fallen listed below 50. If bears fall and the rate remains listed below the 20-week EMA it will be an indication that there is more supply than need. Three successive weeks of bearish selling brought the rate down to $81, but the level was not sustained by the bears. The bulls tried to press the price greater than the $2.70 all-time high, however stopped working.

Weekly chart of BTC/USDT Source: TradingView.

Bitcoins efficiency over gold suggests that Bitcoin might be considered a much better financial investment than gold, with inflation increasing in the United States and other nations.

Lets look at the charts for the leading 5 cryptocurrency coins to determine their possible target goals and support levels in 2022.

To get to the list of large-cap cryptocurrency that can be in focus in 2022, technical analysis was utilized. This will enable for a crypto booming market.

Contrary to popular belief, if the rate falls listed below the current level or the overhead resistance and after that breaks below the 20 week EMA, it could signal that traders are selling rallies. This could cause a drop to $2,652 as strong assistance.

The BNB/USDT pair could reach the overhead zone of $669.30 to 691.80 if the cost recovers from its existing level. To indicate the resumption or uptrend, the bulls must clear this barrier.

The RSI was close to 85 after Avalanches sharp rally to $147, which suggested that the up-move in the short-term was too extended. This might have led to short-term traders profit-booking.

If this happens, the set might start the next leg at $848.30, and after that attempt a rally approximately $1,171.90.

Bears attempted to push the price below the $20-week EMA ($ 3,745) for the last couple of weeks, the long tail of candlesticks over the past few week shows that bulls are purchasing strongly lower levels.

Purchasers have the upper hand since of the upwardly moving averages and positive RSI.

Bitcoin (BTC), which broke above the overhead resistance of $64,854 in November, however the candlesticks long wick shows profit-booking at higher levels. The selling continued the next week, and the rate fell listed below $64,854.

If bears fall and the cost remains listed below the 20-week EMA it will be a sign that there is more supply than demand. This might cause a fall to the 50-week SMA (379 ). If the market closes below this level, the bullish presumption might be revoked.

Another possibility is for the cost to bounce off the 20-week EMA, however then reverse from the overhead resistance. The set might remain range bound for a few more weeks in such cases.

A break or near to this zone could signify the start of the next leg in the uptrend, which might push the set towards the emotionally crucial level of $100,000.

The pair might drop to $50 assistance. This type of fall could delay the start to the next leg.

Weekly chart MATIC/USDT Source: TradingView.

Weekly chart of AVAX/USDT Source: TradingView.

Breaking listed below $39,600 could lead to a deeper correction of $28,805. This sharp fall could postpone the beginning of the next leg in the uptrend.

This assumption is inaccurate. It will suggest that there is more supply than need if the cost falls below the overhead resistance or existing level.

The BTC/USDT pair may drop to $39,600 if they are successful. The 20-week EMA is beginning to decline and the relative strength indication (RSI) has actually fallen below 50. This indicates that bears hold the edge.

If momentum drives the rate higher than this level, then next targets to be on the radar are the 138.2% Fibonacci extension at $6,566.19, and after that the 161.8% extension at $7,089.17.

Ether (ETH), is in an uptrend and is presently remedying. Both moving averages are trending up and the RSI has actually moved into positive territory, indicating bulls have the upper hand.

Daily view of crypto market data. Source: Coin360.

If the price falls below the 20-week EMA the selling momentum might increase and the pair might be up to the 50 week SMA ($ 1.04).

Binance Coin (BNB), which was $669.30 down, suggests that bears are aggressively safeguarding the all-time high of $691.80. A small plus is that bulls are buying dips to the 200-week EMA (500 ).

The total crypto market capitalization grew to around $3 trillion in the past year. Bitcoins dominance dropped from 70% to 40% at the start of the year. This shows that many altcoins exceeded Bitcoin in a significant way.

The strong rebound from the 20-EMA ($ 73), shows that belief is bullish and traders continue to buy on dips. The bulls are now trying to press the cost up to $147, the record high.

The set might begin the next leg in the uptrend that could reach $3.28 if they can do so. The rally could reach $4.77 and then to $4.77 if they break above this level.

Weekly chart BNB/USDT Source: TradingView.

MATIC/USDT.

Bitcoin (BTC), which experienced a rollercoaster trip in 2021, has actually now fixed dramatically from $69,000. However, the digital asset is up by 60% year to date. Gold has actually fallen more than 5% throughout the same time.

BNB/USDT.

Three successive weeks of bearish selling brought the price down to $81, but the level was not sustained by the bears. This can be seen in the long tail on candlesticks. This implies that bulls have turned the $81 resistance into support.

If the rate falls listed below $75.50, this bullish view will be revoked. This will signal that belief is unfavorable and traders are selling rallies.

ETH/USDT.

Related: Nexo cofounder targets Bitcoin at $100K mid-2022.

Rising moving averages and a RSI close to the overbought area show that the path to the benefit is the most convenient. Bulls will attempt to press MATIC/USDT above $2.70.

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Jeannine Cruz

Jeannine Cruz– Earnings I am known as Jeannine Cruz, I am a writer and an industrialist by profession. My age is 32 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about finance and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.

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