Last week, the cryptocurrency market experienced a significant decline, with major tokens following the downward trend. Despite this, a few cryptocurrencies managed to buck the trend, making them worth keeping an eye on this week.

Ethereum (ETH) started the week with a slight increase but failed to sustain it, leading to a retest of the lower Bollinger Band. However, it has since rebounded and is currently trading above $3,500. To break out of the bearish trend, ETH needs to close above the 20-day Simple Moving Average (SMA) of $3,690.

DAO Maker (DAO) was one of the biggest losers last week, experiencing a 7.9% price slump that saw it fall below $0.6 for the first time this year. However, its daily Relative Strength Index (RSI) has slipped to 25.61, indicating that it is currently undervalued, and a bullish trend reversal could be imminent.

Dogelon Mars (ELON) was one of the few cryptocurrencies to defy the market downturn, gaining 7% over the week. Despite a significant surge on June 9, it failed to sustain the momentum and experienced consecutive declines. However, it remains above $0.00000018 and has seen a growth in investor interest.

These cryptocurrencies are worth keeping an eye on this week, especially as the market continues to experience fluctuations. Investors and traders should be cautious and stay informed to make the most of the opportunities presented by these cryptocurrencies.

The cryptocurrency market is known for its volatility, and last week was no exception. The global cryptocurrency market cap decreased by $120 million, representing a 4.7% decline. Bitcoin (BTC), the leading asset, saw its price decline by 4%, and most major tokens followed suit. However, a few lesser-known cryptocurrencies managed to defy the downturn, making them worth keeping an eye on this week.

Ethereum (ETH) is one of the top cryptocurrencies to watch this week. It started the week with a slight uptick but failed to sustain it, leading to a retest of the lower Bollinger Band. The last time Ethereum retested the lower Bollinger Band was during a downturn in mid-May. ETH dropped 4.6% on June 11, marking its largest intraday decline since April 30. This was due to a sharp decline in the broader market ahead of last week’s FOMC meeting. Despite the renewed bullishness, the crypto asset must close above the 20-day SMA ($3,690) to slip out of the bearish trend.

DAO Maker (DAO) is another cryptocurrency worth watching this week. It was one of the biggest losers last week, witnessing a 7.9% price slump despite a bullish start to the week. DAO’s decline trailed the bearish trend in the global crypto market, seeing the asset relinquish the $0.6 territory for the first time this year. The last time DAO traded underneath $0.60 was in October 2023. However, due to the sharp drop, DAO’s daily RSI has slipped to 25.61, suggesting that the asset is currently undervalued, and a bullish trend reversal could be imminent.

Dogelon Mars (ELON) is our third pick on this week’s top cryptocurrencies list. It was one of the few assets to defy the broader market downtrend, having recorded a 7% weekly gain. While the market saw a mild rise on June 9, ELON gained by a massive 9.49%. However, this surge met a roadblock at the $0.0000001985 high, resulting in two days of consecutive declines. The asset saw mixed trends, witnessing declines and upswThere was a problem generating a response. Please try again later.