Huobi Token News

Several altcoins are likely to rally if Bitcoin can resume its up move this week.

Most top performers have reached their resistance levels and may consolidate or correct over the next week.

Most top performers of the past week have bounced sharply from their lows, which is a positive sign as it indicates buying at lower levels.

Bitcoin and cryptocurrency markets are witnessing profit booking at higher levels and buying on sharp falls, pointing to consolidation over the next few days.

With Bitcoin’s fall below $10,000, the top performers of this week are witnessing profit booking.

It could be a good time to buy select cryptocurrencies as bulls have defended the critical support levels which shows demand at lower levels.

The top-performing cryptocurrencies are showing signs of profit booking at higher levels and this suggests the market is in a consolidation phase.

A few of the top 5 performers are showing promise and are likely to start an uptrend. Which are those? Let’s study the charts.