What altcoins should you pay attention to this week

The recent growth of bitcoin above $ 95,000 again aroused optimism in the crypto. Consider which three altcoin now receive support.

Ethereum (ETH)

Ethereum is preparing for the long -awaited Pectra update, planned for May 7. This update should significantly improve the scalability of the network, validators and the architecture of smart contracts.

Despite the positive potential, the renewal bears risks that may affect the price of altcoin. It is expected that large exchanges will suspend deposits and the removal of ETH during the deployment of the update. This can cause short -term volatility or temporary pressure on the sale. In addition, any technical problems during deployment can worsen market moods.

At the time of writing, ETH shows steady growth. This reflects the cash flows of Chaikin Chaikin Money Flow (CMF). This metric measures the movement of cash flows entering the asset and leaving it. Positive values ​​say that buyers invest capital to maintain price growth.

Now this indicator is 0.13 and is in an upward trend. If this trend is preserved, ETH can grow to $ 2,072. On the other hand, a decrease in demand can lead to a drop in price to $ 1,744.

Virtuals Protocol (Virtual)

Virtual grew by 37% over the past week, becoming the most successful asset in the market for this period. Now it is traded in an ascending parallel channel, confirming the increase in the pressure of customers. This is a bull pattern, when the price moves between the two rising parallel trend lines. One serves as support, the other with resistance.

If the token remains in the channel, it can rise above $ 2 and reach $ 2.15. However, if demand weakens and Virtual breaks the channel support line, the price may fall to $ 0.96.

Analysis of altcoin Solayer (Layer)

Layer token grew by 14% in the last week. On the day graphics, the Aroon Up line, which measures a bull impulse, is at the level of 100%. This indicates a strong ascending trend and a significant demand for an asset. The Aroon Up line at 100 means that the asset has recently reached a new maximum. This is relevant for altcoin, which at the beginning of Monday was traded at the historical maximum $ 3.43.

The current trend indicates high customer pressure, which can lead to further price increase. In case of success, Layer can achieve and even surpass its historical maximum. However, if sales begin, the price may decrease to $ 2.46.

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