Despite the fact that the short-term picture is still heavily biased to the downside, bulls still have reason to be optimistic about the long-term outlook. Will Bitcoin and other cryptocurrencies draw buying at lower prices? Let's keep your eyes on these top-10 cryptocurrencies this week on&nbsp;<a href="http://builder.news" alt="Builder.news" title="Builder.news" target="_blank" rel="" class="">Builder.news</a>.<h2>BTC/USDT</h2>Our gloomy outlook on the cryptocurrency market is still supported by the persistence of adverse underlying reasons. We anticipate that the FED will continue to raise interest rates and that the economy will continue to tighten, causing the price of bitcoin to fall to new lows. Technical considerations, which indicate additional downside for Bitcoin, present the same picture.<img src="https://lh4.googleusercontent.com/jL2CuP_I17kpyIFlE-5DyNTyMlewGD8RSR3creKiNRM8HvraGetr6lmnKAdd9JytYj-yXP2VmdMeHSzpXHicNsCfnsVcgHKHyAbtNbCxRLFI2ilQuAIDuKO_wp8wHkq8Smf_vuTPRHe555jtoQ8" alt="top 10 cryptocurrencies to watch" title="top 10 cryptocurrencies to watch" width="624" height="308">Source: TradingViewThe price and volume of BTC/USDT are displayed in the graph above. Volume during the previous ten years has been at monthly lows, as can be observed. However, over the last three months, volume did somewhat increase as the selloff deepened.There is a high possibility that BTC will drop all the way to the bear flag's bottom support. It fell straight through the support of the bear flag and took a shot at $18k, assuming that this is simply a brief respite between dumps.<h2>ETH/USDT</h2>The price of Ethereum has fallen for the fourth day in a row after rising over $1275. The price continued to decline throughout the weekend, falling under the $1,200 mark. Although there is support for today's price around $1140, there is pressure for the decline to continue to the $1100 support area.In the event that we do not find support here as well, we move further in search of the psychological level of $1,000 for the price of Ethereum.In contrast, we need a fresh upward consolidation and a rebound above $1200 to support the bullish scenario. We could then attempt to extend the recovery to the $1300 resistance area.<img src="https://lh6.googleusercontent.com/lhziLyMLx_OS-3bRRWHvJcf_faqE-vnizJex08i1QHY1IRncYsHyPr4yZqR1nDlbt1ulUFxELxQeB6XzqDmffTi92Wjz00HPSzoVsTg906MZ6cYRaTNe6X0pwaylUQSEx4PPEhJDVhZ5oWYv9No" alt="top 10 cryptocurrencies to watch" title="top 10 cryptocurrencies to watch" width="624" height="277">Source: TradingView<h2>BNB/USDT</h2>On Monday 11/7, Binance Coin (BNB) resumed falling from the $243 region, bottoming out at the $230 support. The fifth-largest cryptocurrency has been trading above this line for the whole next day, suggesting that a recovery may occur soon.Broadly speaking, BNB trades within a sizable bearish flag, which supports the potential for a short-term comeback in favor of $250 during the coming days. The $215 level may eventually be reached once BNB loses momentum within the channel.<img src="https://lh6.googleusercontent.com/RYoz0nBiq0QNfQ_OWGTX46WmIHGsQdM5NCW2AhKueCUd1ldueduQk3l6vS3Mbp75M4vsZlEL_AGr1geYN19Vihru7yGnlJtZRIMM8sdJUgcrzZJHzOA0UvOkJzdoinOKuI5Tm0ZBIZYW1f31yZs" alt="top 10 cryptocurrencies to watch" title="top 10 cryptocurrencies to watch" width="624" height="289">Source: TradingView<h2>XRP/USDT</h2>The bears blocked Ripple's (XRP) attempt to break above the symmetrical triangle's resistance line. They fought hard to hold the level and are now attempting to bring the price back down under the 20-day EMA ($0.33).If they are successful, the XRP/USDT pair may linger inside the triangle for a little while longer. The 20-day EMA is level, and the RSI is close to the middle, so neither buyers nor sellers have a clear advantage.A break and closure above the triangle might signal the beginning of a fresh upward movement. The pair may then surge to the $0.48 pattern target. A break below the triangle, on the other hand, might pave the way for a retest of $0.28.<img src="https://lh5.googleusercontent.com/lme6hoUl0p2psWz5YhbjbV6BSHpAKlDYC-o7-kcHTtbMiSUY6ht-N_mOdVpSZV6rjXdJVJcZNvBo35NOg5k5fkC7qu9rwPDBP5RBXdK6MQCxU9G7B731v1JBRQCUmQJU1ssm9k7ktMA_UG0t2Js" alt="top 10 cryptocurrencies to watch" title="top 10 cryptocurrencies to watch" width="624" height="377">Source: TradingView<h2>SOL/USDT</h2>On July 5 and 6, buyers tried to move Solana (SOL) over the 50-day SMA ($38.79), but they were unsuccessful. Inferred from this is that the bears are selling during rallies.This suggests that a short-term range expansion may be achievable. The SOL/USDT pair might fall approaching the crucial support at $26 if the price declines and breaks below the triangle.On the other hand, if the price moves upward and breaks over the triangle's resistance line, it will indicate that bulls are in control. When the pair rebounds to $50, a psychological level, the bears may once again launch a fierce defense.<img src="https://lh4.googleusercontent.com/ItFez_CN8W6_RapT3fyU35zDg1HR0OHpP79AOJq_SLgvS4gZTLKFg0xKY17Iegscdx-ijE7rrs3deMCsOlpvWRIcOuRf4XqvY-HEd_TwOkttZYlrCnRitnZtUbGhXzka57xYh5SL5pILXTrBLK8" alt="top 10 cryptocurrencies to watch" title="top 10 cryptocurrencies to watch" width="624" height="367">Source: TradingView<h2>DOGE/USDT</h2>The price is being lowered by the bears in an effort to breach the $0.06 strong support level.If they are successful, the DOGE/USDT pair can drop to the key support level of $0.05. The commencement of the following leg of the downtrend might be indicated by a break and closing below this level.On the other hand, it will indicate buying at lower levels if the price bounces back off $0.06. The bulls will then try to push the pair to $0.08 by clearing the resistance at the 50-day SMA. If the price breaks above $0.08 or below $0.06, the subsequent trending move can start. Random range-bound action is likely to persist till then.<img src="https://lh6.googleusercontent.com/IvYkAv9jPH7m0Gda0VUK9_6tG-R8ZfYoMu5SMfiqp3qaX5nDjLAKpqe_s3x9JnAv1Ka1GQhZx_O20XNszxpL5QcKB7EaJ1u1d3_4EE_mkyISP6NZmcshL_S_nUVOaqOQsZTwmqF32wrF4gIuHCQ" alt="top 10 cryptocurrencies to watch" title="top 10 cryptocurrencies to watch" width="624" height="368">Source: TradingView<h2>DOT/USDT</h2>After bulls continually failed to raise the price above the resistance, DOT/USDT Polkadot (DOT) declined from $7.30 on July 10. The bears will make an effort to bring the price down to the $6.36 strong support level.In order to catch the aggressive bears, the buyers are attempting to raise the price back above $6.36. The DOT/USDT pair may increase in price if that occurs, reaching the overhead barrier at $7.30.<img src="https://lh3.googleusercontent.com/TVDN6tDh8PsTY_SCB6vDmx_hfP2TsUUYhE4Z3Pu_cOpwHPXsbANjyn26-zlh0hWHInFwoQMkRde_9YETx5S2kQqQl0mkE_-mE0p140RpvcQkNNbBUGF6Da2RD2Xw-na-dzP5jLTqqTFu9KzvzA4" alt="top 10 cryptocurrencies to watch" title="top 10 cryptocurrencies to watch" width="624" height="273">Source: TradingView<h2>ADA/USDT</h2>As can be seen, Cardano (ADA) fell below the immediate support level of $0.44, signaling that bears are in control. As the selling persisted, the bears drove the price to a crucial support level of $0.40.On July 13, buyers tried to kick off a comeback, but the day's candlestick suggests that bears are attempting to turn the $0.44 level into resistance. Buyers will need to drive and maintain the price above the moving averages. If that takes place, the pair might try to rally to $0.60.<img src="https://lh3.googleusercontent.com/HqBGjxl8Mn-_SAUO8bI_nNOFV5iza6nYe6uRGmhkplYOA6_ZSmUCa5FTl2BQuFKyiUYsmA2HMpPduDg79XAhyj3s2VVpNCEISpcho_9skp1U_yOx-zpSGwonLOpowSGlGxEpFv9HKE2wYt7ffFw" alt="top 10 cryptocurrencies to watch" title="top 10 cryptocurrencies to watch" width="624" height="293">Source: TradingView<h2>SHIB/USDT</h2>On July 12, Shiba Inu (SHIB) fell below the psychological barrier at $0.000010, signaling significant bearish selling. The bulls bought the dip and are aiming to sustain the price back above $0.000010.&nbsp;The RSI is just below the midway, both moving averages have flattened down, and there is a balance between supply and demand. Traders generally buy near the support and sell close to the resistance.<img src="https://lh5.googleusercontent.com/HSAG9yTM0XK0BqDn27PhJtv5-Fy4QPiqrhdJPpasvI0oW_wmiby-SCP6dUBqD0Tx7J-9MBosGSs8zFE7xsZGQLcW811k9itHt9rUQpklnYjY7IpPZc6XpYV_acbq5kECEgPCyFCz96zi8BtQm8s" alt="top 10 cryptocurrencies to watch" title="top 10 cryptocurrencies to watch" width="624" height="385">Source: TradingView<h2>LEO/USD</h2>The repeated inability of the buyers to sustain LEO price above $6 indicates a lack of demand that might have encouraged the aggressive bears to sell.The LEO/USD pair may decline into the support line of the descending channel if bears manage to keep the price below the 50-day SMA.On the other hand, if the price moves back up from where it is now, the bulls will try once more to go over the overhead barrier at the resistance line and challenge the important level at $6. <img src="https://lh6.googleusercontent.com/yt5NtC3TL-2RigwLS8PfR-IRqUC2VbGdXy8erYM1Uwc3Ufu7ScKYoq1ZlpVKDFHxeL5z3SbbyVXxmFWydjou3iuzMTTlk4hV_W7Utz-qXVq_t96dVYE7nqGfOHHM52FqmmpAb2QWtuWc4yNhbMk" alt="top 10 cryptocurrencies to watch" title="top 10 cryptocurrencies to watch" width="624" height="367">Source: TradingView&gt;&gt;&gt; For more comprehensive information inside the crypto world, check <a href="https://www.builder.news/category/crypto-insights" alt="Builder.news Crypto Insights" title="Builder.news Crypto Insights" target="_blank" rel="" class="">Crypto Insights</a> from Builder.news.<div class="pr-block-special">Disclaimer: This article is intended for and only to be used for reference purposes only. No such information provided constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific name.</div>

From their recent lows, the price of bitcoin briefly declined, but the recovery in BTC and other cryptocurrencies suggests that investors are buying the dip.

Top 10 cryptocurrencies to watch this week