- Bitcoin is facing a 2% price decline over the last day, but it is currently testing the $26,000 zone.
- There might be a strong buying opportunity on Axie Infinity ($AXS) as it appears to have hit its November 2022 low of $3.97.
- PEPE has moved to the upside by almost 2% over the last 24 hours and has been consistently bullish for the last week.
- Aptos (APT) is up by 6.1% over the last 24 hours and by 5.82% over the last week, despite a recent scam on Upbit
- Curve DAO (CRV) is up by 5.17% over the last day and by a whopping 14.71% over the last week
The S&P 500 index fell over the last four days of the previous week. Despite this stock’s correlation with Bitcoin, however, the flagship cryptocurrency has held its ground and has been trading in a narrow range for the past three days.
The crypto market cap sits at the $1.04 zone after declining from $1.08 only last week, on 19 September, and the market’s fear and greed index lingers at a fear level of 38.
Overall, despite September being regarded as a severely bearish month in history, Bitcoin has only declined by 0.73% so far.
This is a win, regardless.
So, there you have it: The crypto market (and Bitcoin’s summary).
Over the rest of this article, we will be going over five of the most interesting cryptocurrencies you should be aware of.
1. Top Crypto: Bitcoin (BTC)
In particular, Bitcoin’s bears managed to bring the cryptocurrency further down below its 20-day EMA (red line at $26,579) as illustrated below.
The bulls have failed to cause a strong rebound from this zone, and CoinMarketCap data shows that the cryptocurrency is facing a 2% price decline over the last day.
On the brighter side, Bitcoin is currently testing the $26,000 zone.
You should keep an eye out for Bitcoin because not only is this a valid short opportunity for futures and derivatives traders, but Bitcoin will also have another real opportunity to rebound from $24,600 if the bears manage to push it further down to that level.
In all, a great place to set a stop-loss order would be somewhere around $24,613 and $24,590.
2. Axie Infinity (AXS)
Despite the crypto market’s decline over the last day, Axie Infinity is showing remarkable strength.
According to the charts, there might be a strong buying opportunity on AXS as we speak.
After declining all through the year (despite the initial YTD price increases on most cryptocurrencies), AXS appears to have now hit its November 2022 low of $3.97.
In the event that an investor intends to get in on this cryptocurrency, a great place to set a stop-loss would be somewhere around $3.90 or lower, depending on the size of the order.
3. PEPE (PEPE)
Pepe, a popular internet meme has made a name for itself as one of the most popular memecoins out there.
Pepe was the most popular memecoin over the last several months and has been massively volatile.
According to CoinMarketCap, PEPE has moved to the upside by almost 2% over the last 24 hours and has been consistently bullish for the last week.
CoinMarketCap also shows that it is up by as much as 7.35% over the last week at the time of writing.
After declining further below the $0.00000079 and hitting a $0.0000006 low, PEPE has since rebounded, and is aiming for a break above the $0.00000079.
PEPE is trading safely above its 20-day EMA and promises further upside as it trends further upwards.
4. Aptos (APT)
Despite a recent scam where the Korean crypto exchange, Upbit had to shut down withdrawals on its platform, Aptos appears to be doing very well.
According to reports, Upbit was flooded with 3.4 billion dollars worth of fake aptos tokens, causing the compromise of almost 100,000 accounts.
CoinmarketCap data shows that APT is up by 6.1% over the last 24 hours, and by 5.82% over the last week.
According to the charts, Aptos’ rally started right around when this scam did, leaving the cryptocurrency consistently green over the last two days.
Aptos has been stopped by the $5.8 resistance and appears to be facing some bearish pressure.
This bullishness appears to be a result of the recent Upbit attack and may have a short timespan as the hype and FUD fade.
However, there is a silver lining.
This might be a good place to open a short trade, with a stop-loss order somewhere slightly higher than $5.8.
5. Curve DAO (CRV)
According to reports, Curve has been experiencing an “aggregated open interest variation”, which this metric has been increasing as of late.
Coinalyze shows more than $60 million has been added to the cryptocurrency’s market cap across several exchanges so far, allowing CRV’s price to increase.
According to CoinMarketCap, CRV is currently up by 5.17% over the last day, and by a whopping 14.71% over the last week.
This indicates that the cryptocurrency has some long-term potential, and some of this bullishness can spill over into this week.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.