Yaz Sheikh, Publisher at CoinCodex

The price of Bitcoin saw a strong 9% price hike this week as the cryptocurrency breaks above $59,500 and starts to make its way back toward $60,000. The cryptocurrency had reached a new ATH toward the middle of March as it reached the $61,788 level. It struggled to overcome resistance at $61,192 (1.618 Fib Extension) and rolled over from there.

On Monday, we released our list of the top coins to watch for this week, which included Trust Swap (SWAP), UniLend Finance (UFT), and Horizen (ZEN). In this analysis, we will be covering these three coins to identify some of the key support and resistance levels to watch out for.

The price of Bitcoin dropped by a sharp 10% over the course of the past week as it falls as low as $51,640. There it found support at the .618 Fibonacci Retracement level and has since rebounded back above $52,000 as it makes an attempt to reclaim $53,000.

Bitcoin saw a sharp 6.1% price drop today as the cryptocurrency falls beneath the $54,480 support (.382 Fib Retracement) and hits $54,240. This price drop has now caused Bitcoin to crash beneath a symmetrical triangle consolidation pattern as short-term bearish momentum starts to take control within the market.

Bitcoin managed to create a fresh ATH price above $60,000 last week. The cryptocurrency has since started to move sideways inside as short term symmetrical triangle pattern but is doing well to hold the support at $57,150. Nevertheless, a fresh ATH was just a few days ago and this has injected lots of positivity into the altcoin markets.

Bitcoin saw a healthy 5% price hike today as the cryptocurrency finally managed to break back above the $58,000 level. Bitcoin has been trading inside another ascending price channel during March 2021. The coin had surged higher in the last week to set a new ATH price over the weekend as it hit the resistance at $61,192, provided by a 1.618 Fibonacci Extension level.

The price of Filecoin has exploded by a total of 100% over the last week of trading as it surges into the $84 level. The coin had started the week at around $40 as it started to push higher again. It was the announcement of Grayscale adding the asset as a trust on their investment service that really caused FIL to explode higher, hitting a new ATH price above $86.

Ethereum is now down by a total of 4.22% over the past 7-days of trading as it drops into the $1,742 support provided by a .382 Fib Retracement level. The cryptocurrency started to surge in March after rebounding from the support at $1,424 but could not go much past the $1,900 level this weekend.

Cardano saw a powerful 21% price surge over the past 24 hours of trading, allowing the cryptocurrency to return to the top 3 ranked cryptocurrency projects. The cryptocurrency had reached an ATH price at around $1.48 toward the end of February and started to head lower from there.

The price o XRP saw a strong 7.3% price surge today, allowing the cryptocurrency to reach the current $0.471 level. It had surged higher above the $0.5 level earlier in the day but has since dropped lower.