Yaz Sheikh, Publisher at CoinCodex

Bitcoin is down 3.5% today as the bulls attempt to defend a short-term .618 Fib Retracement support at $32,650. The cryptocurrency has been trending beneath the 20-day MA at $34,000 for the past week and has been unable to close a daily candle above it. It's also trading inside a short-term symmetrical triangle pattern as the lower angle of the triangle is currently being tested.

Bitcoin is down a small 1.3% on the week as it returns back to around $32,800. The cryptocurrency was trading inside the confines of a symmetrical triangle pattern throughout the week but eventually broke beneath the lower boundary yesterday and headed into $32K support.

This week, ICON is up 20% after rebounding from support at $0.8 to break the 20-day MA at $0.88 and hit the 50-day MA near $1.00. The cryptocurrency had been trending lower through June but managed to find solid support at $0.7, provided by the early February lows.

Today, we released our article covering the top coins to watch for this week. These included Helium (HNT), Ethereum Classic (ETC), and PivX (PIVX). In this analysis, we will be covering these three coins to help provide some important support and resistance levels we can expect to see moving forward.

Bitcoin saw another whipsaw-like trading period over the weekend as the cryptocurrency pushed higher from $33,000 and moved higher inside an ascending price channel. It continued to climb until resistance was found at around $36,500, provided by the upper boundary of a symmetrical triangle pattern.

Memecoins have taken a slight backseat during the recent price capitulation/consolidation period as the hype surrounding the industry before May starts to cool down slightly. The meme coin king, Dogecoin, is down by a sharp 67% from its all-time high price with its competition, Shiba Inu, down 82% from the day it was listed on Binance.

Bitcoin dropped another 1.5% today as it continues to dip from the intra-week high at $36,500. Bitcoin had rebounded from $30,500 over the weekend and produced a double bottom formation on the daily chart. Since then, it went on to form a short-term ascending price channel which allowed the coin to reach as high as $35,500 (bearish .618 Fib Retracement) this week.

Earlier today, we covered three cryptocurrency projects that will be interesting to watch this week due to important developments such as software updates and product launches. These included Theta Token (THETA), Bridge Mutual (BMI), and Morpheus Labs (MITX). In this analysis, we will take a look at these 3 coins from a technical analysis perspective and see how they are positioned in the market.

Bitcoin is up by 4.4% today as the cryptocurrency finds resistance at $35,000. The cryptocurrency had found 4HR support at $31,155 (.886 Fib Retracement) earlier in the week and has since started a short-term rebound toward $35K (bearish .5 Fib Retracement).

TRON bounced by a strong 16% over the past 24 hours as it rebounds from support at $0.05 and heads toward $0.0648. The cryptocurrency dropped beneath support around $0.07 at the start of the week and plummeted to $0.05 on Tuesday. Luckily, the bulls defended the region and rebounded from there yesterday.