The cryptocurrency market showed a mild recovery last week. Despite initial setbacks for Bitcoin (BTC) at the start of the week, it managed to regain some lost ground, strengthening the broader market.

Several altcoins experienced notable recoveries, contributing to the global cryptocurrency market reclaiming $70 billion, ending the week with a total market cap of $2.21 trillion.

Top Cryptocurrencies to Watch This Week

Here are the top picks for cryptocurrencies to watch this week, based on their impressive performances last week:

Stellar (XLM) Reclaims $0.1 with a 12% Gain

Stellar (XLM) experienced a 7.40% loss during the market downturn on July 7. However, it gradually recovered over the following five days, witnessing mild gains by July 12.

Interestingly, XLM’s bullish momentum gained steam on July 13, appreciating by 12.05% and reclaiming the $0.1 mark for the first time in a month.

Data indicates a spike in Stellar’s weekly volatility to a one-month peak of 0.066. Additionally, the asset’s MACD line has crossed above the Signal line, confirming the bullish trend. Investors should monitor the resistance at $0.1096, which aligns with the 38.2% Fibonacci retracement level.

Mog Coin (MOG) Retests All-Time High

Mog Coin (MOG) faced significant bearish pressure at the start of last week, plummeting by 20.4% on July 7. This marked MOG’s largest intraday loss in nearly four months.

However, the asset recovered over the next three days, increasing by 28.8% from July 8 to 10. MOG then consolidated with mild fluctuations over the subsequent three days.

Overall, Mog Coin closed the week with a 3.5% increase, aiming to retest the all-time high of $0.000002129 but facing resistance at $0.0000019.

MOG’s immediate target is to flip the upper Bollinger Band at $0.000001925 to support, potentially paving the way for another attempt at the ATH region.

Decentraland (MANA) Struggles at 20-Day EMA

Decentraland (MANA) saw an initial 6.10% drop on July 7, but recovered throughout the rest of the week. MANA recorded six consecutive days of intraday gains from July 8 to 13.

The asset eventually breached the 20-day EMA, signaling a shift to bullish momentum. However, the relative strength index (RSI) suggests reduced strength in the uptrend.

As a result, bears are looking to flip the 20-day EMA back to resistance. A drop below this level could bring back bearish pressure. If this happens, MANA’s immediate defense lies at the Fibonacci 0.236 level at $0.3085, a critical region to prevent declines below the $0.30 psychological support.

Stay updated with the latest news and developments in the cryptocurrency market on Global Crypto News.

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