Top 5 Price Prediction Weekly Forecast

【TL; DR】

The past week has signaled a vast uptick in volume and valuation for the entire cryptocurrency market. With weeks of volatility having scathed the market, it appears to have finally broken free from this bearish trading trajectory and moved toward a period of recovery. As of the 20th of March, the cryptocurrency market cap stands at $1.18T, an increase of $150M from the previous week and a 1.8% uptick in the past 24 hours.

Bitcoin (BTC)

Opening the week at $21.98k, Bitcoin remained strongly above its 7-day SMA throughout the entire week and was subject to a sharp incline in value on the 13th that extended into the 14th, leading it to push deeper into the $24k and $25k zones respectively. Throughout the 15th to the 17th, BTC remained horizontally between $24k and $25k, before the 17th marked a progressive incline that extended throughout the latter portion of the week and led it to close the week on a high of $28.21k, which stands as a multi-month high.

Having deviated from the recent volatile trading trajectory, Bitcoin appears to be undergoing a positive correctional period whereby its true value is progressively becoming more realized in terms of volume and valuation. It is likely that this upward momentum may extend into the coming week, potentially making way for a more bullish trading pattern in the weeks to come. In total, BTC rose by 28.18% this week.

Bitcoin price Data (Data Courtesy of CoinMarketCap)

Ethereum (ETH)

Having started the week hovering below its 7-day SMA at $1,589, ETH briefly dipped below this region in the evening of the 13th, before it accelerated in value throughout the 14th, pushing it further into the $1,700 zone. The 15th led ETH to slowly decline into the mid-to-lower $1,600 region, where it remained until the early hours of the 18th. On the 18th, ETH began to gain some momentum and propelled itself into the lower $1,800 region. This led it to close the week at around $1,810, after a brief stint near $1,840.

Having resumed its recent trend of lowballing its value in the earlier portion of the week before beginning to accelerate, it appears as if ETH is poised to break out in the coming week and potentially push deeper into the $1,800 zone, potentially leading it to further test the newly established resistance of $1,840. In total, Ethereum rose by 13.98% this past week.

Ethereum price Data (Data Courtesy of CoinMarketCap)

XRP (XRP)

Entering the week at $0.37, XRP was subject to significant spikes in value throughout the week. On the 13th, XRP substantially declined below its 7-day SMA and moved toward the lower $0.36 region, before sharply spiking on the 14th to $0.39. This trend was seen repeating itself on the 15th, which then led it to remain firmly in the $0.26 region until midday on the 17th. XRP then began to gain some momentum and push itself through the resistance of $0.37 and push itself toward the $0.40 threshold, leading it to close the week at $0.39.

With this immense volatility, XRP will likely continue to experience this in the coming months, which can be linked to the upcoming SEC vs Ripple lawsuit verdict, which has resulted in a mixed sentiment throughout the XRP community and wider cryptocurrency communities. In the coming week, XRP may display a similar level of volatility. Across the past week, XRP increased by 5.66%.

xrp price Data (Data Courtesy of CoinMarketCap)

Cardano (ADA)

Across the past week, Cardano has been subject to immense volatility, which led it to see sharp upswings and comparable downturns. Having entered the week at $0.33, ADA began to swiftly move into the $0.34 zone and push itself toward $0.37, reaching a weekly high of $0.3682. However, this Optimism was short-lived, as Cardano plunged on the 15th and delved into the mid-to-upper $0.32 region. On the 17th, however, ADA began to regain its footing and push into the lower $0.35 region and remain steady between $0.34 and $0.35 throughout the latter portion of the week.

Having broken away from the recent bearish trend, ADA appears to be regaining some ground this week, with its price finally pushing toward the $0.37 resistance zone once again. In the coming week, provided ADA can maintain this momentum, it is likely that it may continue to further test this region. Across the past week, Cardano rose by 5.95%.

ada price Data (Data Courtesy of CoinMarketCap)

BNB (BNB)

Across the past week, BNB has endured a progressive upward incline. Starting the week at $289, BNB entered the lower $300 threshold on the 13th and strived to maintain this level, with it changing hands between $300 and $318 until the 16th. On the 16th, BNB flung itself into the $330 region and began to climb throughout the rest of the week leading it to push above $340 on the 18th and close the week at a promising $339.

With the recent volatile streak appearing to be disrupted, it is likely that it is now establishing a new price floor around $300 and is eyeing up $350 as a new resistance zone. Providing it can maintain itse current momentum, it is plausible that it could test this region in the coming week and potentially delve further toward $360. Across the past week, BNB has increased by 17.51%.

BNB price Data (Data Courtesy of CoinMarketCap)