These 5 cryptos are set to break the backs of the bears this week

The bears are in full swing at the time of writing, while major cryptos are bleeding. According to CoinMarketCapthe crypto market lost 0.3% in total appreciation in the past 24 hours.

Popular cryptos like Bitcoin And Ethereum undergoing corrections, causing the entire market to pull down.

Nevertheless, the market is a dynamic entity and when other cryptos suffer, others replenish their investors’ portfolios.

These cryptos stand out because they have the highest probability of going up.

Image: Kriptomat

Top 5 cryptos ready to have a surprise meeting


Synthetix is ​​a protocol specially made for derivatives, a financial instrument that derives its value from an underlying asset such as crypto or stocks. This makes it extremely popular, with the protocol’s total locked value at nearly $710 million on the website.

According to CoinGecko, the token is up more than 18% in the weekly time frame. SNX’s current price action is supported at $2.8, which was a recent reversal from resistance. This breakout could be a sign of further upside potential in the short to medium term.


One of the tokens that power the eponymous ecosystem, GMX is used as the ecosystem’s official utility and governance token. This decentralized exchange mainly focuses on derivatives trading. According to them websitethe DEX gives investors access to leverage of up to 50x, which is a way for investors to take a larger position than they can afford.

With the GMX ecosystem littered with updates and positive news, it’s no wonder the token is doing just that pump almost 5% in the past day. This price move is supported at $66.54 and the bulls will test $76.52 in the coming days. If the token breaks this resistance, a retest of USD 88.59 is a possibility in the coming days.


Decentraland is a virtual reality platform designed to create a metaverse for its users. Recent ecosystem developments have boosted bulls’ confidence in Decentraland’s native token, MANA. At the time of writing, the token was up 5%, according to a statement CoinGecko facts.

This price move comes after a slump that followed the general market trend for the past few days. However, as the token uses the $0.6157 support as a launching pad, bulls may be able to break the $0.6187 resistance in the coming days with the potential to test $0.6207.


After almost 6% reject in recent days, FTM came to the rescue of investors as the price recovered to $0.4278, representing a 7% increase. This can be attributed to the broader recovery of the market currently taking place Bitcoin And Ethereum pulls the market up.

The token’s support at $0.4272 is the one that has weakened the bearish trend in recent days. With the market favoring bullish price action, FTM bulls can enjoy a likely break at $0.4277 and $0.4280 in the coming days.

Crypto total market cap at $985 billion on the daily chart | Chart:


MATIC has gained the favor of crypto bulls rose almost 3% in the daily time frame. This comes next on the chain developments that make the Polygon ecosystem more competitive in the Web3 space, namely the release of tools that enable zero-knowledge identity for Polygon.

Bulls may find support at $1.16 with a possible upside break at $1.164. If the bulls have enough momentum in the short to medium term, investors and traders should enjoy profits.

– Featured image from KRTV

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