Tom Jessop, the president of Fidelity Digital Assets, said that the absenteeism of a long track tape is 1 of the main reasons that is keeping the institutional investors at bay from investing in cryptocurrencies.

As the asset class is merely 10 years old, Jessop said that the institutions question the durability and longevity and are unsure whether information technology would be around tomorrow. However, he said that these concerns are likely to be resolved with time.

Even among the investors, the perception has been that crypto investing is largely male-dominated. Nonetheless, a survey by Bitcoin (BTC) fund operator Grayscale has plant that 43% of the investors who showed interest in Bitcoin were women. Interestingly, 47% of women believe this is the correct time to buy Bitcoin, compared to 39% of men who share the same opinion.

Crypto market data weekly view

Crypto marketplace data weekly view. Source: Coin360

Ross Ulbricht, the founder of the infamous darknet marketplace Silk Road, expects the price of Bitcoin to surge to $100,000 in 2022. Ulbricht did not use the day-to-solar day toll movements of Bitcoin for the forecast but relied on the analysis of the investor emotions and investor psychology to arrive at the target price.

With the yr coming to an end, many analysts are probable to forecast sky-high prices. However, nosotros propose traders scout the price action and make informed decisions instead of getting carried away with the predictions.

The total crypto marketplace capitalization has been trading effectually $200 billion since Nov. 22. This shows that both the bulls and the bears are in a state of equilibrium. On the downside, if the market cap slips below $180 billion, information technology will signal advantage bears. Whereas, a break above $212 billion will tilt the advantage in favor of the bulls.

Let'due south see what do the charts of the top-5 performers of the past week project.

ATOM/USD

Cosmos (Cantlet) is the best performer of the by calendar week with a ascent of almost 15%. This is the tertiary successive calendar week that the altcoin has been amid the top performers, which shows that the bulls continue to buy information technology even at college levels.

The commencement major Cosmos upgrade since its launch in March of this year was completed on Dec. xi. This upgrade promises to bring important new features. After the recent runup, is it time to volume profits or can the rally continue further? Permit's clarify the chart.

ATOM/USD weekly chart

ATOM/USD weekly chart. Source: Tradingview

The Atom/USD pair has reached the overhead resistance at $4.4389. This is the third attempt by the bulls to scale this level since July of this yr.

We spot a bullish reversal cup and handle pattern that will complete on a breakout and shut (UTC fourth dimension) above $iv.4389. The minimum target objective of this pattern is $half dozen.9677. The traders can initiate long positions on a decisive close (UTC time) above $iv.4389. As the overall sentiment is negative, a shut cease-loss at $3.four tin be kept. We suggest traders take a smaller position, about 40% of the usual corporeality for this merchandise.

Contrary to our assumption, if the ATOM/USD pair turns down from $4.4389, a dip to $3 is possible. If this level holds, the pair might consolidate between $3 and $iv.4389 for a few weeks. Yet, if $3 breaks down, a drop to $one.9101 is possible.

XTZ/USD

Tezos (XTZ) fabricated it to the list of top ten coins by market capitalization during the week. Even in a boring week when most major cryptocurrencies are struggling to movement up, it rallied near 10%, which is a positive sign.

Hardware wallet manufacturer Ledger has added support for Tezos staking on its Ledger Live application — which allows users to send or receive tokens via a smartphone or computer.

On Dec. 11, cryptocurrency exchange Kraken as well launched support for Tezos staking. The users who stake their tokens would receive six% almanac returns, with rewards paid out twice a week. Tin can the momentum continue in the coming weeks? Permit's written report its chart.

XTZ/USD weekly chart

XTZ/USD weekly chart. Source: Tradingview

The XTZ/USD pair is facing resistance in the $1.6555 to $1.85 resistance zone. It has formed a doji candlestick blueprint this week, which shows indecision amid the bulls and bears almost the next direction.

If the bulls neglect to propel the cost above the resistance zone, a drop to the 20-week EMA is possible. The bears have not been able to break beneath the 20-week EMA since early on November. Hence, we expect a bounce from this level. If the bounciness tin can acquit the pair above $i.85, it will be a huge positive. The next levels to lookout man on the upside are $2.87 and so $3.37.

Conversely, if the bears sink the price below the 20-week EMA, a drop to $0.829651 is possible. This is critical back up. Hence, we anticipate the bulls to mount a strong defense of this level. A bounciness off this support tin keep the pair range-bound between $0.829651 and $one.85 for a few weeks.

LINK/USD

Chainlink (LINK) declined about 1% in the past seven days but was nonetheless the third-best performer. Can information technology turnaround in the adjacent week or volition information technology go on to weaken further?

LINK/USD weekly chart

LINK/USD weekly chart. Source: Tradingview

The LINK/USD pair succumbed to profit-booking close to the $ii.90 marker. Currently, the bulls are attempting to hold the cost in a higher place the psychological support at $2. If this support cracks, a drop to $1.50 is likely.

Nosotros anticipate the bulls to defend the $1.50 level aggressively. If the pair bounces off this support, range-bound action between $1.50 and $ii.ninety is likely. This might give an opportunity to trade the range by keeping a small stop loss. The pair will turn negative on a break below $1.50

Conversely, if the toll turns around from the current levels, the bulls will over again attempt to push the price to a higher place $2.90. The best style to trade a range is to buy close to the support and sell close to the highs or wait for a breakout from it. We do non observe any reliable purchase setups at the current levels. Hence, we remain neutral on the pair.

BCH/USD

Bitcoin Cash (BCH) was the fourth-best performer, with a fall of nearly 3% in the past 7 days. This shows that most major cryptocurrencies are in a behave marketplace. Volition the altcoin also succumb to selling pressure or does it show signs of a reversal? Let's notice out.

BCH/USD weekly chart

BCH/USD weekly chart. Source: Tradingview

The bulls have been attempting to defend the support at $192.52 for the past iii weeks. Nonetheless, they have failed to reach a strong bounce off the support, which shows a lack of ownership interest at higher levels.

Currently, the cost is stuck in a tight range of $192.52 to $227.01. A breakdown of the support volition exist a huge negative as it might resume the downtrend with the next support at $166.25. The surly crossover on the moving averages and the RSI in the negative zone indicates that bears have the upper manus.

Nonetheless, if the BCH/USD pair rebounds off the support at $192.52 and rises above $227.01, it is likely to concenter buyers. Above $227.01, a ascent to $306.78 is possible. Therefore, traders tin attempt this trade later the price closes (UTC time) to a higher place $227.01. It is amend to wait for the toll to plow around and show force before ownership, instead of trying to time a lesser.

NEO/USD

 With a pass up of simply over 3%, NEO (NEO) rounded upwardly the list of the summit five performers. Can NEO concord on to its place among the elevation-twenty coins by marketplace cap?

NEO/USD weekly chart

NEO/USD weekly chart. Source: Tradingview

The failure to interruption out of the overhead resistance at $13.88772 attracted profit booking that dragged the toll below the moving averages. If the bulls do not push button the toll back above the moving averages, the NEO/USD pair is likely to gradually dip to the support at $5.58.

Nosotros expect the bulls to defend the $5.58 support zone aggressively. Hence, a bounce off information technology could offer a low-run a risk buying opportunity The first target on the upside would be $13.88772, followed by $20.96333.

Withal, if the bears sink the price beneath $5.58, it will be a huge negative as the downtrend will resume. Nosotros do not notice any buy setups at the current levels. Hence, we suggest traders remain on the sidelines until an attractive purchase setup emerges.

The views and opinions expressed here are solely those of the author and do not necessarily reverberate the views of Cointelegraph. Every investment and trading movement involves gamble, y'all should bear your own research when making a decision.

The marketplace data is provided past the HitBTC exchange.