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Top 5 cryptocurrencies to watch this week: BTC, ADA, XLM, XMR, MANA

Published 06/05/2022, 04:24 PM
Updated 06/05/2022, 06:00 PM
Top 5 cryptocurrencies to watch this week: BTC, ADA, XLM, XMR, MANA
BTC/USD
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The bears are trying to extend Bitcoin’s (BTC) record of nine consecutive red weekly candles to ten weeks, but the bulls are trying to avert this negative occurrence. Although sentiment remains negative, Arthur Hayes, former CEO of derivatives giant BitMEX, anticipates Bitcoin to bottom out in the range of $25,000 to $27,000.

On-chain data from Glassnode shows that smart money may have started accumulating Bitcoin. The net outflows from major cryptocurrency exchanges reached 23,286 Bitcoin on June 3, the highest since May 14.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
ADA/USDT daily chart. Source: TradingView
ADA/USDT 4-hour chart. Source: TradingView
XLM/USDT daily chart. Source: TradingView
XLM/USDT 4-hour chart. Source: TradingView
XMR/USDT daily chart. Source: TradingView
XMR/USDT 4-hour chart. Source: TradingView
MANA/USDT daily chart. Source: TradingView
MANA/USDT 4-hour chart. Source: TradingView

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