The last few days, the crypto market faced significant corrective steps with the crash of Bitcoin.
However, this week, Bitcoin appears to have recovered even though it is still moving down relatively low.
But, outside of Bitcoin, there are five cryptos that are likely to rise this week even more than Bitcoin.
1. Cardano (ADA)
ADA appears to be the only crypto that kept a large portion of the portfolio of crypto investors last week due to significant appreciation.
Currently ADA seems to be starting to weaken due to high appreciation last week.
However, the ADA still has the potential to remember today's system update, March 1, 2021.
Today, Cardano will officially implement the Mary update on its mainnet.
So it is predicted that in the future its performance will match Ethereum and Binance Smart Chain.
With this update, Cardano is open to new projects to be formed on its new blockchain.
Thus, it is likely that ADA's liquidity and volume will also increase due to the positive sentiment from this news.
However, from a technical point of view, it looks like it is still experiencing a break to support it as selling pressure from profit taking is still visible at this time.
But the likelihood that if the implementation news spreads and the lower limit is maintained at $ 1.24 ADA could still go up again.
If it goes up, the next target is around $ 1.5 to $ 1.6. Long term targets are at $ 2 to $ 2.4 which is at the 161.8% Fibonacci point.
The possibility that if it rises, the appreciation will be strong because of the upside of the area around 78.6% and Fibonacci 61.8% which is the golden ratio.
2. Polkadot (DOT)
DOT also seems to be the guardian of investors' portfolios last week because its steady movement did not decrease but was relatively stagnant.
This week, the possibility of DOT will increase along with the number of purchases from institutional investors through some of its derivative products.
Grayscale is also one of the big companies that are starting to explore DOT.
This is because there are plans to increase investment and make several new investment products with DOT assets.
In addition, positive sentiment came from DOT's increasing interest in retail investors due to price stability as a portfolio safeguard.
The technical side has yet to show any significant movement because it still occurs at the beginning of the week, but there is a potential for appreciation to form a bullish pennant pattern.
Moreover, currently the price is trying to break the upper limit along with the triple bottom pattern on the 4 Hours chart along with MA Cross which is below the price.
Thus, this week the DOT can reach $ 34.6 to $ 36 if the upper border at $ 33.9 is successfully crossed and exits the symmetrical triangle pattern.
Currently the DOT security limit is $ 32.6 to $ 29.1 which, if breached, will most likely see the DOT move lower.
The long term target of DOT is most likely to be around $ 67 which is in the 161.8% Fibonacci area.
3.Binance Coin (BNB)
BNB is one of the cryptos that took a dip last week after taking the limelight in recent weeks.
However, it is likely that this week the BNB will advance higher on the boost of positive sentiment around the Binance Smart Chain.
Until now, Changpeng Zhao has also continued to encourage BNB with positive statements, especially with the potential for NFT adoption.
The technical side also seems to be back in favor of appreciation as the movement has started moving out of the depreciation zone.
Most likely there will be a retest this time before prices bounce back and then touch around $ 247 to $ 250 this week.
Currently the security limits are $ 213 and $ 197 which, if breached, will likely continue depreciation.
BNB long term target remains positive at $ 500 which is close to the 161.8% Fibonacci area.
4. Stellar Lummen (XLM)
XLM is one of the coins worth looking at this week due to the increased adoption of XLM across several smart contract platforms.
Some of those who have adopted are Ripple and Litecoin with Flame Network planning to adopt them this week.
Positive sentiment has also come with the increasing interest in small cap cryptocurrencies as relatively large cap ones have fallen.
Thus, XLM received a positive sentiment given its relatively small capital.
The technical side also looks supportive with the formation of an ascending triangle pattern formed with an inverted head and shoulders.
If the odds are that the price makes it past $ 0.42, this week XLM could head around $ 0.45. The current security limits are $ 0.40 and $ 0.37.
The long term target of XLM is most likely to be at $ 0.6 to $ 1 which is adjacent to the 100% and 161.8% Fibonacci areas.
5. Litentry (LIT)
Another small cap cryptocurrency to watch out for is LIT which is starting to gain new interest from investors and traders.
LIT has the potential to increase due to the encouragement of several influencers who are boosting its price such as crypto analyst Coin Berau.
LIT also has good fundamentals because it is founded on the Polkadot network.
In addition, LIT also has a system that can perform identifier decentralization (DID), verification, and credit calculation.
Hence, LIT is one of the cryptos worth looking into when the major cryptocurrencies are experiencing a downturn.
The technicals are also supportive with prices starting to try to break out of the depreciation zone last week.
It is likely that this week's appreciation will be due to encouragement from some influencers along with recognition of LIT's good fundamentals.
The upper bound that is crossed is $ 7.12. LIT breaches can go up to $ 7.62 to $ 9. The long-term target is around $ 23.
The security limit currently stands at $ 6.32 which if broken could bring the LIT back into the depreciation run.
