Bitcoin (BTC) briefly reached $72,000 last week before seeing a slight pullback. Other top cryptocurrencies also saw modest gains, leading to a global market capitalization of $2.54 trillion by the end of the week.
Here are some top cryptocurrencies to keep an eye on this week based on their performance last week:
TON, a Telegram-based asset, hit a new all-time high of $7.86 on June 5 after starting the week strong with an 8.6% increase. Despite some declines later in the week, TON closed with an 11% increase overall. However, its on-balance volume dropped, indicating a possible correction in the upcoming week.
ADA, or Cardano, struggled to break the $0.40 barrier last week. Although it saw a brief spike to $0.49 on June 7, ADA closed the week with a 3% loss. To reverse its downtrend, Cardano needs to surpass $0.46 and break through resistance levels.
SWFTC, also known as SwftCoin, had a turbulent start but ended the week as one of the top performers with a 36% spike. Despite reaching overbought levels, a correction has allowed for more room for growth as its relative strength index cooled below 70.
These cryptocurrencies show potential for further movement in the coming week, with TON, ADA, and SWFTC attracting attention for their recent price actions.