Top crypto assets to keep an eye on this week: SOL, BONK, FTM

Exciting news in the world of cryptocurrencies! The past week saw a fantastic recovery across the board, with the global market cap shooting up by a whopping 7% to hit $2.41 trillion. This surge added $160 billion to the overall valuation, thanks to significant boosts in the values of many top cryptocurrencies.

Let’s delve into our selection of cryptocurrencies to keep an eye on this week:

Check out the latest prices for SOL, BONK, and FMT – May 19 | Source: Santiment

SOL making waves hitting a 1-month high

Solana (SOL) stole the limelight last week, emerging as a top performer among cryptocurrencies. Despite starting the week below $150 and facing some initial struggles in a bearish market, things turned around dramatically.

With Bitcoin (BTC) making a significant 7.52% jump on May 15 after U.S. CPI data release, the overall market experienced a strong uptrend – and Solana rode this wave, soaring by 11.61%. Breaking past resistance levels, the coin closed at $158 on May 15 following the launch of a staking program by Robinhood in Europe, anticipating further gains.

Over the next few days, Solana posted gains, breaching the $170 mark and hitting a one-month high of $176. By the end of the week, it had surged by 21%, solidifying its position as one of the best-performing assets recently.

BONK breaking barriers with 50-day EMA breach

Bonk (BONK) had a slow start last week after a downtrend the previous week, but it bounced back on May 15 with an 8.42% gain, closing at $0.00002153.

This momentum saw BONK confidently surpass the 50-day EMA, hitting a 10-day high the next day. Despite a subsequent dip, BONK stayed above the EMA, showing bullish signals. Two days of gains followed, closing the week with a 13.4% increase.

While aiming to break resistance at the upper Bollinger Band, a pullback might test BONK’s strength, emphasizing the need to maintain the bullish trend.

FTM soaring with a 21% weekly spike

Fantom (FTM) faced a bearish start last week, but the market rally on May 15 helped it recover, surging by 18.22% to reach $0.7590 – marking its highest daily close since April 20.

This substantial jump was supported by increased buying activity, with the Accumulation/Distribution metric on the rise. Ending the week up by 21% alongside Solana, Fantom aims to defend key support levels to avoid potential declines.

Exciting times ahead for these top cryptocurrencies!

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