Top 5 Cryptos To Keep On Your Watchlist

In the race to buy Bitcoin and top cryptocurrencies, we often do not put our focus on some hidden gems in the crypto ecosystem. For example, ZIL already has a shared and secure blockchain, a milestone that Ethereum is still trying to achieve.

We have curated a list of these five cryptocurrencies that you should not miss while creating a diversified portfolio

1. Zilliqa (ZIL)

Zilliqa is an open and permissionless blockchain with ZIL as its native token. It has a market cap of $500 million. The current price is $0.035.

What makes Zilliqa unique is that it is the world's first public shared blockchain, a feature that Ethereum is trying to implement with its EIP-4844 update.

In the last 24 hours, its price has seen a 10% jump. The reason seems purely price action based on technical indicators. The current chart setup looks very attractive for placing a short-term trade.

As per daily charts,

• RSI is very strong and currently has crossed 70, which signals extreme bullishness.
• MACD has shown a positive crossover.
• ZIL has crossed its 50-day moving average, which is a highly bullish signal.
• Trading volumes have increased by over 241% in the last 24 hours.

All of these indicators signal an extremely bullish price action.

Target and Stoploss

Target: $0.047

Stoploss: $0.032

2. Internet Computer (ICP)

The Internet Computer Protocol is a decentralized solution on blockchain that provides computing service on-demand. ICP is its native cryptocurrency with a market cap of $2.9 billion and a price per token of $6.75.

As per technical charts, ICP shows an extremely bullish charts setup that can take it to $7.43.

The technical indicators show that:

• RSI is extremely bullish at 77. However, it might cool down soon as the cryptocurrency is in the overbought zone.
• Volumes have been high with a net positive buying. The recent volumes have been at their highest since the beginning of March 2023.
• MACD is in a positive crossover zone.
• The price is above its short-term moving average(50 DMA).

This presents a short-term buying opportunity. However, care must be taken since it is in an overbought zone now.

Target and Stoploss

Target: $7.43

Stoploss: $6.22

3. Synthetix (SNX)

Synthetix is a low-cost liquidity solution for anyone who needs liquidity. SNX is its native token with a current price of $2.9 and a market cap of $778 million.

Recently, Synthetix has launched an incentive program where traders will win from a prize pool of 200k Optimism(OP) tokens each week.

The cryptocurrency has shown good strength on technical charts. Though the price is moving in a trend, still it feels like the current rally is over.

• RSI has dropped from 63 to 58, which is a minor bearish signal.
• MACD is still in the positive crossover zone.
• Trading volumes indicate there is a net buying.

Traders should buy above $3.16 as it is a major resistance level. If the price goes above this, it can signal a new rally.

Target and Stoploss

Buy above $3.16.

Target: $4.2

Stoploss: $2.75

4. Theta Network

Theta is a decentralized video-streaming network built with the involvement of Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch.

THETA is its native cryptocurrency and is currently trading at $1.13 with a market cap of $1.13 billion.

In the last 24 hours, THETA has fallen from $1.3 to $1.1, a 15 percent fall. The selling has accelerated towards 08:00 am UTC. Let us explore its technical charts to see if there is any opportunity to trade.

According to the technical charts, we can see that:

• RSI has fallen from 70 to 55, which is a bullish sign when coupled with a positive MACD.
• MACD is in a positive crossover phase.
• Recent volumes are high and on the net buying side.

Target and Stoploss

Target: $1.66

Stoploss:$1.13

5. Oasis Network (ROSE)

Oasis is a security-focused blockchain with high transaction capacity at low costs.

ROSE is down by 8.48% in the last few hours. The cryptocurrency currently trades at $0.072 with a market cap of $413 million.

Looking at its technical charts

• RSI has cooled down from the overbought zone.
• MACD is still in the positive crossover zone but is beginning to converge, which is a bearish sign.
• Volumes are low and show there are more sellers. This shows that any fall will not be large.

Therefore, since the technical indicators are neutral to negative, we should refrain from trading. However, if the price crosses $0.79, we should buy.

Target and Stoploss

Target: $0.113

Stoploss: $0.075