Top Cryptocurrency Picks to Watch This Week

The global crypto market has experienced a significant surge, with the market cap reaching a record-high valuation of $3.8 billion. This upward trend was largely driven by Bitcoin, which surpassed the $100,000 milestone.

Several altcoins also capitalized on the momentum, achieving massive gains. Here are our top cryptocurrency picks to keep an eye on this week:

JASMY Claims 2-Year Peak

JasmyCoin (JASMY) was a major beneficiary of last week’s uptrend, closing the week with an impressive 69% gain. Introduced by Jasmy Corporation for the Ethereum-based Jasmy platform, JASMY aims to combat concerns around data security.

The token soared by 27.49% on December 3, its largest intraday gain in nearly 10 months. Despite a slight pullback, JASMY engineered a 45% rise on December 5, eventually claiming a two-year peak of $0.0590.

Key levels to watch for JASMY:

  • The asset must retain $0.03178 to hedge against steeper drops.
  • The next support rests on the 20-day MA at $0.03178.

QNT Rallies 67%

Quant (QNT) also began the week on a bullish note, riding on Bitcoin’s uptrend to record a substantial weekly gain of 67%. QNT is the ERC-20 utility token of the Quant blockchain project, designed to bolster interoperability among different networks.

The token has been one of the best performers in the ongoing bull run. Quant has been on an ascending channel since early November, with the bulls leveraging the lower trendline to defend a drop below $96 on December 1.

Key levels to watch for QNT:

  • The token must hold above the Fibonacci 0.618 retracement at $126.3 to remain within the channel and sustain the uptrend.
  • If the upsurge resumes, a push above $170.7 could trigger the start of a new explosive phase.

MEW Consolidates Below $0.01

Despite the prevalent uptrend in the market last week, cat in a dog’s world (MEW) largely consolidated. However, the meme coin managed a 2.5% weekly gain.

Launched in March, MEW is a cat-themed Solana-based meme coin, standing out in a market dominated by dog-themed tokens.

Key levels to watch for MEW:

  • The token must recover above the Pivot level at $0.010016 to turn its momentum bullish.
  • Above this, the first resistance would rest at $0.01204, with a further roadblock at $0.01329.

Remember, cryptocurrency investing carries risks, and it’s essential to do your own research and consider your financial goals before making any investment decisions.

Stay up-to-date with the latest news and trends in the cryptocurrency market by visiting Global Crypto News.

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