BTC and ETH were both higher at the start of the weekend as the market appears to have unwound recent volatility. The crypto king immediately broke through $40,000 and ETH headed for $2,800. However, the price is slowly falling back as Bitcoin is currently in the $38,500 region and ETH is at $2,700.

Despite this, ATOM is among the bulls of the day, as the global crypto market cap is down 2.4% at press time.

BTC

On Saturday, the crypto market gained more than 3%, with BTC trading nearly 1% higher at the start of the weekend.

This move helped bitcoin break the key $40,000 level but could not last as profit-takers potentially closed their positions due to current market risk.

BTC/USD chart Daily | Source: TradingView

Looking at the chart, the 14-day RSI is floating above the long-term ceiling of 44 and approaching the 45 level.

BTC is currently trading below the recent resistance of $39,500 as the 10-day moving average (MA) momentum continues to wane.

However, if price strength holds above resistance, the bulls are likely to aim a bounce at $41,500.

ETH

ETH price was also higher at the start of the weekend, approaching the long-term resistance at $2,900. The altcoin rallied to a high of $2,835 on Saturday after hitting a low of $2,664 on Friday.

Similar to BTC, a sell-off occurred as the price neared resistance, possibly as profit takers liquidated their positions.

ETH/USD chart Daily | Source: TradingView

After the dip at the ceiling, ETH is currently trading around $2,740 with some targeting the $2,550 bottom.

The bearish momentum of the short-term 10-day MA (red) could be one of the key indicators leading some traders to predict a drop in ETH.

ATOM

ATOM is currently one of only two altcoins trading green in the top 20, up nearly 4% over the past 24 hours.

Saturday’s ATOM rally saw a quick break above the $29.1 resistance level, hitting an intraday high of $29.36.

The upward move came as the 14-day RSI surged to a 5-week high and currently stands at 52.09 after breaking above 50.4.

ATOM/USD chart Daily | Source: TradingView

Yesterday’s high came less than 24 hours after ATOM traded as low as $25.27 as the price rallied back to the $26.1 support.

Despite the recent descending triangle on this chart, price momentum is beginning to stabilize with MAs trending sideways.

Many see this as a sign of a long-term trend reversal, with some already targeting the $30 mark.

ONE

ONE is currently up almost 3% in 24 hours and up 20% yesterday. Altcoin price surged to a high of $0.1612 on Saturday but has slipped towards $0.15 at press time.

ONE traded as low as $0.1314 on Feb 25 as the price broke away from its long-term floor of $0.1249.

This level is near ONE’s lowest level since late September and then surged to the $0.165 resistance level.

ONE/USD chart Daily | Source: TradingView

The 14-day RSI is also currently at a 10-day high after breaking above the 41.7 resistance.

If this momentum continues in the current direction, many bulls are likely to aim for a breakout of $0.20.

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

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