5 Cryptocurrencies to Watch This Week: BTC, ETH, BNB, MATIC, FTM

·

The crypto market continues to navigate a dynamic landscape as major digital assets experience short-term volatility amid broader consolidation. While Bitcoin recently underwent a technical correction, its long-term strength remains evident. Meanwhile, Ethereum, Binance Coin, Polygon’s MATIC, and Fantom’s FTM are all showing pivotal price action that could signal major moves in the coming days.

Despite the Halloween holiday weekend, which typically brings lower trading volume, Bitcoin and Ethereum failed to sustain upward momentum—instead pulling back slightly. Still, optimism persists among investors as Bitcoin eyes a historic milestone: maintaining a monthly average price above $60,000 for the first time ever.

👉 Discover how market trends are shaping today's top crypto opportunities.

Bitcoin (BTC): Holding the Line at Key Support

Bitcoin remains the focal point of market attention this week. After failing to break through new resistance levels, BTC has pulled back toward its 20-day exponential moving average (EMA)—a critical support zone watched closely by traders.

Historically, if Bitcoin holds above this 20-day EMA, the bullish outlook remains intact. However, failure to maintain this level could trigger a deeper correction, with the next major support expected around $52,920.

On the upside, a breakout from its current flag pattern could propel Bitcoin back toward its all-time high of $67,000**, with potential extension targets reaching **$89,000. Some analysts, including the well-known on-chain expert PlanB, have even projected a year-end price target of $100,000.

PlanB previously correctly predicted Bitcoin’s floor in August and September. While October presented a tougher environment—with BTC briefly dipping below his $63,000 minimum threshold—the long-term fundamentals remain strong.

It's worth remembering that Bitcoin began 2024 trading near $45,000 and surged to an intrayear high of $67,000. For early adopters who’ve weathered past crashes and countless “Bitcoin is dead” headlines, a $7,000 pullback is little more than noise.

Ethereum (ETH): Testing Momentum After Record High

Ethereum briefly broke through its previous all-time high of $4,375** last weekend but quickly retreated, settling around **$4,303. This consolidation phase suggests traders are reassessing upward momentum.

Currently, ETH is holding within a stable trading range. The key technical level to watch is the 20-day EMA, which sits near $4,010**. A drop below this could open the door to further downside, potentially testing **$3,888 or even $3,564 if selling pressure intensifies.

However, as long as Ethereum maintains its 50-day moving average, the broader uptrend remains valid. A successful retest of resistance above $4,400 could reignite bullish sentiment and set the stage for a run toward **$5,000**—a psychologically significant milestone.

With ongoing network upgrades and growing demand for decentralized applications (dApps), Ethereum’s fundamentals continue to strengthen. Investors preparing for year-end positioning should monitor both technical indicators and on-chain activity.

👉 Explore real-time data and tools to track Ethereum’s next move.

Binance Coin (BNB): Consolidation After Strong Rally

BNB demonstrated solid performance throughout October, benefiting from increased activity on the Binance Smart Chain and strong exchange inflows. However, after reaching $518, upward momentum stalled—indicating weakening demand at higher price levels.

If bearish pressure increases, BNB could drop below the $500** psychological level and test support near **$480. Further downside may extend to the 50-day moving average at $431, especially if broader market sentiment sours.

On the flip side, a breakout above $540 could signal renewed bullish interest and attract fresh buying. Given Binance’s ecosystem expansion—including new DeFi integrations and NFT initiatives—BNB remains well-positioned for long-term growth despite short-term volatility.

Polygon (MATIC): Riding the Ethereum Scaling Wave

Polygon’s native token MATIC has seen explosive growth in 2025, rising from around $0.40** at the start of the year to current levels near **$1.79. This surge reflects growing adoption of Polygon’s layer-2 scaling solution for Ethereum.

As DeFi and NFT platforms increasingly rely on fast, low-cost transactions, Polygon has emerged as a preferred infrastructure provider. Its ability to reduce congestion on the Ethereum mainnet makes it a critical player in the ecosystem.

Technically, MATIC remains bullish as long as it holds above its 20-day EMA at $1.65**. A sustained move above this level could push prices toward a new all-time high of **$2.70.

Conversely, a breakdown below $1.65 might confirm a bearish reversal. Recent price action shows increasing sell-side pressure approaching the **$1.71 level—if breached, further downside toward $1.50** becomes more likely.

Fantom (FTM): Momentum Fueled by Influencer Hype

Fantom’s FTM token exemplifies how influencer sentiment can drive rapid price movements in the crypto space. Backed by prominent figures like Andre Cronje—the pioneer of DeFi yield farming—FTM surged nearly 800% in two months, peaking at an all-time high of $3.10 on October 28.

Currently trading around $2.75**, FTM is testing support at its 20-day EMA (**$2.52). Holding above this level could pave the way for a rally toward $3.48**, with eventual eyes on breaking **$4.00.

However, recent Relative Strength Index (RSI) readings have entered negative territory, suggesting weakening buying momentum. A drop below $2.52 might accelerate selling, potentially dragging FTM down to its 50-day moving average near **$1.86**.

While fundamentals are improving—especially with expanding dApp deployment on the Fantom network—investors should remain cautious of hype-driven volatility.

Frequently Asked Questions (FAQ)

Q: Why is Bitcoin’s 20-day EMA so important?
A: The 20-day Exponential Moving Average acts as a key short-term trend indicator. If Bitcoin holds above it, bullish momentum is likely intact; a close below may signal further downside.

Q: What factors are driving Ethereum’s price movement?
A: Ethereum’s price is influenced by network upgrades, institutional adoption, DeFi/NFT growth, and overall market sentiment. Technical levels like moving averages also play a crucial role in trader psychology.

Q: Is MATIC a good long-term investment?
A: MATIC has strong fundamentals due to its role in scaling Ethereum. As demand for faster and cheaper transactions grows, Polygon’s utility—and potentially its token value—could increase over time.

Q: How reliable are crypto price predictions like PlanB’s $100K BTC forecast?
A: While influential, such forecasts are speculative. They’re based on models like the Stock-to-Flow ratio but don’t account for black swan events or regulatory changes. Always do your own research.

Q: Can FTM sustain its recent gains?
A: FTM’s rise was partly fueled by hype. Long-term sustainability depends on continued ecosystem development and real-world usage—not just celebrity endorsements.

Q: Should I buy during market pullbacks?
A: Pullbacks can present entry opportunities, but timing the market is risky. Consider dollar-cost averaging and assess both technicals and project fundamentals before investing.

👉 Stay ahead of market shifts with advanced analytics and secure trading tools.

Core Keywords:

All investment decisions involve risk. The analysis provided here is for informational purposes only and should not be considered financial advice. Always conduct independent research before making any investment choices.