Top 5 cryptocurrencies to watch this week: BTC, DOT, SAND, RUNE, ZEC

cointelegraph.com:

Bitcoin (BTC) has been relatively calm during the weekend, indicating that traders are playing it safe and not waging large bets before the upcoming Federal Open Market Committee meeting on March 15 and March 16. The quantum of the rate hike could act as the next trigger for the crypto markets.

The current neutral setup of Bitcoin has kept the analysts guessing. Analytics resource Material Indicators warned that Bitcoin could plunge but they advised investors to be ready to buy the dip as they believe that the “bounce can change your life.”

A Price Waterhouse Coopers' Sports Outlook 2022 report for North America highlighted three use cases for nonfungible tokens, which could shape the future of sports. The consultancy believes that NFTs and digital assets are among the ten major trends in the sports industry.

Could the crypto markets start a directional move in the near term? Let’s study the charts of the top-5 cryptocurrencies that may participate in a rally if the bullish sentiment picks up.

Bitcoin formed a Doji candlestick pattern on March 12 and on Sunday, indicating indecision among the bulls and bears. The price is stuck between the 20-day exponential moving average ($39,810) and the horizontal support at $37,000.

The 20-day EMA is flattish and the relative strength index (RSI) is just below the midpoint, indicating a balance between supply and demand.

If the price rises and breaks above the 50-day simple moving average ($39,978) the bulls will attempt to push the BTC/USDT pair above $42,600. If they succeed, the pair could rally to $45,400 and later to the resistance line of the channel.

Conversely, if the price turns down and breaks below $37,000, the bears will smell an opportunity. The sellers will then try to pull