5 Cryptocurrencies to Watch This Week

Crypto market rebounds as Render, Dogecoin, Avalanche, and SingularityNET eye potential rallies of up to 75%.
5 Cryptocurrencies to Watch This Week

Key Insights

  • The crypto market is recovering after two weeks of decline, and now has a total market cap of $2.35 trillion.

  • Render is going strong, and has the potential to rally 50% to $13.8 this week.

  • Dogecoin is set for a surge of 40% to $0.2288 if it breaks above $0.17.

  • Avalanche seems poised to climb 75% to $65 if it manages to break above $40.

  • SingularityNET is also poised for a 60% increase to $1.45 if it breaks above its 25-day moving average.

The crypto market seems to be waking up now, especially after Bitcoin’s decline and retest of the $56,550 support.

The crypto market is also starting the week with healthy greens across several cryptocurrencies, a fear and greed score of 58, as well as a total market cap of around $2.35 trillion.

<div class="paragraphs"><p>The crypto fear and greed index</p></div>

The crypto fear and greed index

To this end, we have hand-picked five of the biggest cryptocurrencies, most poised for massive gains over the next seven days.

And without wasting further time, here are some of the cryptocurrencies with the most upside potential this week:

1. Render (RNDR)

According to CoinMarketCap, Render currently trades at around $9.6, with an intra-day gain of 8% and a weekly gain of around 11%.

<div class="paragraphs"><p>Render’s price</p></div>

Render’s price

In the charts, we can see that Render's decline came only after a break above its previous $7.9 all-time high.

After rallying straight up to a new all-time high of $13.8, the bears finally caught up to Render, pulling it straight down to a new low of $6.9.

<div class="paragraphs"><p>Render’s price action</p></div>

Render’s price action

Render appears to be waking up from here, and is making an attempt to register a new all-time high.

The likely target for render would be the $13.8 resistance in the long run, before a breakout attempt.

Overall, a price rally to this $13.8 level would take Render up by around 50%.

2. Dogecoin (DOGE)

Dogecoin’s price has rallied by 7% over the last day, and by around 7.4% over the last week, from around $0.12 to $0.1616 where it now sits.

<div class="paragraphs"><p>Dogecoin’s price</p></div>

Dogecoin’s price

According to the charts, Dogecoin traded inside a descending triangle, after its initial rejection from the $0.2288 zone.

The cryptocurrency's current price action is an attempt to break above the upper trendline of this formation and seems to be doing pretty well so far.

<div class="paragraphs"><p>Dogecoin’s price action</p></div>

Dogecoin’s price action

Judging by Dogecoin’s ongoing momentum, we can conclude that if we see a break above the upper trendline of the formation above (a break above $0.17), Dogecoin will become poised to rally upwards by another 40% to $0.2288 or even higher this week.

3. Avalanche (AVAX)

Avalanche is doing pretty well for itself with a current price of $36.92, as well as 4% and 6% price increases on the daily and weekly charts respectively.

<div class="paragraphs"><p>Avalanche’s price action</p></div>

Avalanche’s price action

According to the charts, Avalanche is currently making one of its first real attempts to break above its medium-term moving average of around $37.54.

The cryptocurrency is attempting a successful rebound off the $30 zone, but also trading under the crucial $40 resistance.

<div class="paragraphs"><p>Avalanche’s price action</p></div>

Avalanche’s price action

Investors can keep an eye out for what happens to Avalanche between $37.54 and $40 during the week.

If we see a successful break and close above this range, the cryptocurrency will become fully poised to rally further upwards by around 75% to $65 or even higher.

4. SingularityNET (AGIX)

SingularityNET seems pretty determined to break above the $1 mark, as shown by its current $0.91 price, as well as its 2.7% price increase over the last day since writing.

<div class="paragraphs"><p>SingularityNET’s price</p></div>

SingularityNET’s price

As shown by the chart below, the cryptocurrency remains solid above this ascending trendline that has been active since February 2024.

The cryptocurrency now appears to be in a squeeze between this trendline and its 25-day moving average, which currently sits around $0.9166.

<div class="paragraphs"><p>Chart</p></div>


Because of this, we can expect a break above this moving average sooner or later, as well as a possible 60% rally above $1 to around $1.45 or even higher.

5.  Jasmy Coin (JASMY)

According to CoinMarketCap, Jasmy currently trades at around $0.01926, with an intra-day gain of 4.5% and a 4.47% rally over the last week.

<div class="paragraphs"><p>Jasmy’s price action</p></div>

Jasmy’s price action

In the charts, Jasmy currently trades inside a bullish pennant formation, and is on the verge of a breakout as shown below:

<div class="paragraphs"><p>Jasmy’s price action</p></div>

Jasmy’s price action

The outlook on Jasmy at this point, is merely a waiting game. If we see a break above this pennant (likely around $0.02), we are bound to see the cryptocurrency rally further upwards by another 45% to around $0.027.

Conversely, if the bears take control, Jasmy will likely decline for a retest of the base of this pennant at $0.015.

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.

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