Bitcoin (BTC) bulls have put tremendous pressure on Bitcoin over the past week, with Bitcoin prices struggling between $27000 and $28500 due to the significant increase in Bitcoin prices over the past few days, with strong price trends reaching a high of $28500 before being rejected. $27000

Bitcoin (BTC) bulls have put tremendous pressure on Bitcoin over the past week, with Bitcoin prices struggling between $27000 and $28500 due to the significant increase in Bitcoin prices over the past few days, with strong price trends reaching a high of $28500 before being rejected. $27000.

After the release of significantly improved employment data in the United States, Bitcoin prices broke through the long-term price of $26000 and rebounded to a high of $28500, which had a positive impact on the financial market. The use of Bitcoin is also not excluded.

Bitcoin is the largest cryptocurrency by market value, rising by 2% shortly after the US government announced economic news. In September, more than 336000 new jobs were created, which is twice the expected number for many economists.

Despite good news in the financial market, the price increase of Bitcoin (BTC) was brief, with prices dropping from $28500 to the $27900 range, as bulls engaged in bullish movements to break through this range, creating more momentum in prices.

The cryptocurrency market has enormous potential for many traders and investors, as its new emotions and fundamentals affect the price trends of Bitcoin and Ethereum, as well as the top 5 cryptocurrencies (SHIB, XRP, SOL, DOT, TOMO) ranked weekly

Bitcoin prices are still in a critical area of interest for both bulls and bears, as a strong rejection of prices from $28500 may give bears a significant advantage, driving down prices and breaking above $28500 may indicate that bulls are in control.

In recent weeks, the price of BTC/USDT has been attractive to many traders and investors for the first time, as the price has shifted from a range of $25800 to a high of $27900. After being rejected by short positions, the trading price is slightly below the key resistance level of $28500.

The price of Bitcoin continues to be higher than the 50 day and 200 day moving averages (50 day and 200 day EMA), as these regions support the price decline of BTC/USDT.

The price of $27000 corresponds to the support level of the 50 day and 200 day moving averages, as bulls hope to push the price above $28500, reaching a high of $29500. The change in this trend makes BTC/USDT still dormant for some people.

Unlike BTC, Ethereum (ETH) has always been in a shadow, with prices difficult to break through and forming strong support above $1660.

The price of Ethereum has shown an incredible price trend in the past few weeks, rising from a low of $1600 to a high of $1735. Many people hope that the closing price can break through $1800 to start a good long run, but the price has been rejected in this region.

Unlike Bitcoin, Ethereum still doesn't seem encouraging enough, as its trading volume and price trends indicate that despite a false break to a high of $1735, bears are still under control.

The price of Ethereum is currently trading below the 50 day and 200 day moving averages, corresponding to prices of $1670 and $1735, as a resistance to Ethereum prices as they need to break through and close above these areas in order to bullish the price rally.

ShibaInu (SHIB) price analysis as the top 5 cryptocurrencies ranked weekly

Despite experiencing so many ups and downs in the bear market, the Chaigou (SHIB) remains one of the most powerful communities and meme tokens. As the bear market intensifies, many traders and investors hope that this meme token will plummet by more than 70% and rebound significantly.

Considering its prospects after creating cryptocurrency millionaires in the last bull market, the army of Chaigou remains loyal to this meme coin; Many traders and investors are not in a hurry to give up this great token, as many loyal people still believe in its power.

Last week, the price of SHIB/USDT hovered around $0.00000700, making it difficult to maintain above the region, supporting the price of SHIB/USDT. The price of SHIB/USDT needs to be maintained above this support area to prevent short positions from pushing the price of SHIB/USDT down to the $0.00000600 area, which will rebound from the previous decline.

Keeping SHIB/USDT above $0.00000700 is beneficial for the price to try to break through the high point of $0.00000850. The support level for holding SHIB/USDT corresponds to a Fibonacci pullback value of 38.2% (FIB value of 38.2%), serving as the support level for SHIB/USDT.

As the SHIB army prepares to rebound above the 50 day moving average, the price of SHIB/USDT has remained within the range for several consecutive weeks, becoming resistance to the corresponding SHIB price of $0.00000800.

The moving average convergence divergence (MACD) and relative strength index (RSI) within the daily time range of SHIB/USDT indicate that prices continue to strengthen, holding key support levels as prices may rebound to a high of $0.00000800 in an attempt to break through.

Main SHIB/USDT Support Area - $0.00000700

Main SHIB/USDT Resistance Zone - $0.00000800- $0.00000850

MACD trend - bullish

XRP Daily (1D) Time Range Chart Price Analysis

Until the next cryptocurrency bull market, the future of XRP remains bullish. No wonder this token ranks among the top 5 cryptocurrencies every week, as analysts, traders, and investors all believe that XRP loyalists have a bright future.

The favorable ruling of the Ripple (XRP) case has always been a huge catalyst for its growth, as the activity on the XRP network continues to increase and has hit a historic high due to speculation, offsetting the high speculation of the net bull market in the XRPAMM function.

The news that includes the XRP Automatic Market Maker (AMM) feature has been welcomed by the community due to high expectations for its implementation. Despite severe market conditions, the Swiss currency continues to grow as the future looks more promising.

The price of XRP/USDT has been fluctuating within a range, as it is difficult to match the price of XRP/USDT with its on-chain activities, as there is significant resistance when the price breaks above $0.55.

The price of XRP/USDT continues to rise, with daily MACD and RSI indicating buy orders as prices have twice broken through the range of $0.5 to $0.55 and have been rejected.

XRP/USDT trading is slightly above the 50 day moving average, serving as a support level of $0.5, while the price faces resistance of $0.55, equivalent to a 23.6% FIB value. Breaking through and closing above 23.6% may indicate an increase in XRP prices.

Main XRP/USDT support area - $0.5

XRP/USDT Main Resistance Zone - $0.55

MACD trend - bullish

Solana (SOL) Weekly Top 5 Cryptocurrency Price Chart Analysis

The bankruptcy court's announcement of liquidation of FTX assets had a negative impact on Solana's price, as the price fell significantly from a high of $22 to the $17.5 range, which has proven to be an area of interest for bulls in the past.

After the initial drop in price to the $17.5 range, due to the increase in online activities and news coverage on Solana's network, the price of SOL/USDT has shown strong momentum, with bulls rebounding from the region to a high of $24.4. Their network upgrade has always been a good price catalyst.

With the significant increase in usage of decentralized applications (dApps) and the increase in transaction volume brought by irreplaceable tokens (NFTs), the price of SOL/USDT may form strong support above $23, allowing bulls to push up prices.

After falling to a low of $17.5, the price of SOL/USDT rebounded to a high of $24.4 and fell to $23, trading above the daily 50 day moving average as prices may rebound to $32.

The price of $23 corresponds to its 50% FIB value, as the daily MACD and RSI of SOL/USDT indicate a bullish price trend for SOL/USDT in the coming weeks.

Main SOL/USDT Support Area - $22.5

Main SOL/USDT Resistance Zone - $25

MACD trend - bullish

Analysis of the Price Trend of Boca (DOT)

Polkadot (DOT) is known for its unique multi chain interaction approach and breakthrough technology, hoping to completely change the blockchain industry, but recently it has been struggling to leverage its price.

Polkadot's technology of bridging various blockchains into a cohesive ecosystem has gained widespread influence in the cryptocurrency community. Nevertheless, as bears continue to dominate prices, their prices have experienced multiple fluctuations in the cryptocurrency market.

The price of DOT/USDT continues to fall below the daily 50 day moving average of $4.2, dropping from a high of $7.9. After reaching the annual high, it may seem like it has already bottomed out, but its price has been difficult to replicate such a trend rally.

If the price of DOT/USDT is higher than $4.4, we may see a price attempt to retest the high point of $5, which corresponds to a 25% FIB value; Breaking through and closing above $5 may indicate a more bullish price trend for DOT/USDT.

The price of DOT/USDT has formed a bullish downward triangle, and costs are expected to break through after a bearish downward trend. The MACD and RSI of DOT/USDT indicate a bullish bottom.

Main DOT/USDT Support Area - $3.9

Main DOT/USDT Resistance Zone - $5

MACD trend - bullish

TomoChain (TOMO) daily time range price analysis

Tomochain (TOMO) has become a common name in the cryptocurrency field. Given its enormous potential, as one of the top five cryptocurrency counterfeits, no wonder it is a gem worth paying attention to.

After rebounding from a low of $0.2 to a high of $2.7, the TOMO/USDT remained strong in 2023, but as prices rebounded from the region, forming a double bottom, prices were rejected and dropped to a low of $0.9.

TOMO/USDT recovered $1.2, corresponding to 38.2% of FIB value, forming strong price support. The current trading price of TOMO/USDT is above the 50 day moving average, as the price trend is more bullish.

Breaking through and closing above $1.6 in TOMO/USDT may lead to a price increase above $2, as bulls will largely control prices given that MACD and RSI appear bullish.

TOMO/USDT Main Support Area - $3.9

TOMO/USDT Main Resistance Zone - $5

MACD trend - bullish

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