CandleFocus XRP, APE, ALGO: Top cryptocurrencies to watch this week
2024-12-01
Author: Content Editor
The global cryptocurrency market has experienced a correction, with the market cap dropping nearly 10% to $3.42 trillion in the past two weeks. Bitcoin, which had previously attempted to reach $100,000, played a significant role in the recent market downturn. However, despite the bearish trend, several altcoins have performed well. XRP saw a significant rebound, gaining 33% and surpassing resistance levels. If XRP can breach the $1.96 resistance level, it could reclaim $2 for the first time since 2018. APE, the token for the Bored Ape Yacht Club, also experienced gains of 13.6%. However, it needs to defend the $1.3 region to maintain bullish momentum. Algorand, the native token of the Algorand blockchain, had a remarkable 51% spike and is projected to reach $1.5. It needs to breach the $0.4893 resistance level to sustain its upward push. This information is for educational purposes only and does not constitute investment advice.
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