Four Cryptocurrencies to Watch Closely This Week – BTC, ADA, XMR, and NEO

If the bears are able to drop the price below the uptrend level and the $10,625 support, it will show weakness. If the price closes above the downtrend line, the chance of a rally to $12,460 enhances, and although there is resistance at $12,000, it seems probable that it will be crossed.

The pair is now trying to rebound off the uptrend level, which implies that the bulls bought the dip to this support. If the pair rebounds off both support lines, it will suggest that the bulls are not waiting for a more dramatic fall to purchase, which is a good sign.

Timeline of Bitcoin, Cardano, Monero