Cryptocurrency prices retreated faster last week as Bitcoin fell below $ 80,000, and Crypto Fear and Greed Index moved into the extreme fee zone.
This week the main focus among traders will be on the upcoming Crypto Summit in White House and Friday’s Nonform payroll data. Some of the top cryptocurrency will be bitcoin (BTC), PI Network (PI), and Hedera Hashgraffs (HBAR) to see this week.
Bitcoin
Due to Friday’s crypto summit, the price of bitcoin will be in the headlines this week. A possible result of the incident will probably be announced whether the US would launch a strategic bitcoin reserves or SBR.
The bitcoin value last week increased to $ 78,118, and then bounced back to $ 85,000, where it found adequate resistance. An SBR declaration would be a very rapid catalyst for coins.
However, bitcoin further withstand some risks. It is trying to retract the significant resistance level at $ 89,128, at $ 108,600 of double-top pattern. In addition, the spread between 50-day and 200-day weighted moving averages has compressed, with a death cross formation at risk.
The terrible oscillator has gone below the zero line since 4 February, while the relative power index has gone close to the oversold level. Therefore, there is a risk that the BTC price will resume downward trend this week and resume support at $ 78,117.
Pi network
The PI Network Price has performed a great performance since its mennet in February. It fell from $ 2 to $ 0.59 and then bounced back with the back of other cryptocurrency. It reached a high level of $ 3 as expected of a bennens listing Rose.
Recently, however, after re -postponing the KYC grace period by 14 March, the price of PI coin has increased to more than 42% $ 1.6.
The PI network price will be in the spotlight this week as the binance potentially lists it, a step that can trigger other Tier -1 exchange listing. It is expected that Benance will list it after the conclusion of a survey in which more than 85% of the participants voted in its favor.
The PI network value will now bounce back that it has formed a falling wedge pattern per hour chart. This pattern includes two descending and convergence trendline, with a breakout when their convergence has lines.
Hedera Hashgraph
After partnering with Swift, the Hedera hashffer price jumped last week, which handles the annual dollar trillions.
The chart per hour suggests that the token rose from $ 0.1816 to a high level of $ 0.2652 on 28 February. It has gone above the major resistance at $ 0.2308, the highest swing on 21 February.
The Hbar Price has created a combination of a falling wedge and a fast penetrating pattern. A bullish penant contains a long vertical line and a triangle -like consolidated pattern.
Therefore, the Hedera Hashgraph value will possibly have a strong rapid breakout, with the next point to be high at $ 0.2652 in the weekend.
