Top cryptocurrencies to watch this week

The crypto market just wrapped a bullish high, with the global crypto market cap increasing by $220 billion to reach a valuation of over $3.8 billion on Sunday.

This upward movement was largely driven by Bitcoin (BTC), which is over the $100,000 milestone. However, several altcoins were also taking advantage of the trend, making significant gains.

Following their outstanding performances last week, here are our top cryptocurrency picks to watch this week:

JASMY claims a 2-year peak

JasmyCoin (JASMY) was a major win for him last week increase. It built on a trend that started on November 27 and closed the week with an incredible 69% gain. See below.

Introduced by Jasmy Corporation for the Ethereum-based Jasmy platform, JASMY looks to combat data security concerns. It works on the Ethereum blockchain as ERC-20.

The token soared 27.49% on December 3 – its biggest intraday gain in nearly 10 months. Despite a small pullback the next day, the fund engineered a more impressive 45% rally on December 5, eventually claiming a two-year peak of $0.0590.

JASMY has fallen so far to reconfirm $0.047. The relative strength index (RSI) has also fallen to 68.

The asset needs to hold $0.3912 to hedge against steeper drops. Below this, the next support lies at the 20-day MA at $0.03178.

QNT Collection 67%

Quant (QNT) also started the week on a bullish note, riding Bitcoin's rise to register a substantial weekly gain of 67%.

This marked one of the most positive weekly performances this year.

QNT is the ERC-20 utility token of the Quant blockchain project, designed to enhance interoperability between different networks through its ​​​​Overledger Network.

The token has been one of the best performers in the ongoing bull run. Quant has been on an ascending channel since early November, with the bulls taking advantage of the move lower to defend a drop below $96 on December 1.

As the bullish trend declines, QNT they need to hold above the 0.618 Fibonacci level at $126.3 to stay within the channel and maintain the uptrend. If the uptrend resumes, a push above $170.7 could initiate a new breakout level.

Overledger connects blockchains and traditional systems without requiring infrastructure changes. It supports the creation of multi-chain applications (mDApps) for seamless interaction across networks.

Targeting sectors such as finance, healthcare, and supply chain, Quant enables use cases such as cross-border payments, supply chain transparency, and digital identity management.

With partnerships including Oracle and Hyperledger, Quant stands out for integrating blockchain with regulated industries.

MEW is consolidating below $0.01

Despite the rise in the market last week, there is a cat in a dog's world (MEW) is largely confirmed. However, the meme coin managed a weekly gain of 2.5%.

Launched in March, MEW is a cat theme based on Solana one cornerstanding out in a market dominated by dog-themed brands. It gained attention by burning 90% of its supply during launch.

In May, the project also partnered with LOCUS Animation Studios to create a 3D animated series, furthering its narrative and increasing its following. Within hours of its launch, MEW reportedly gained $150 million in transaction value and gained a lot of traction across the Solana ecosystem.

Before December 1st, MEW started last week with an amazing 4.62% gain, but it was all downhill from there. The token fell 7.32% in two days, retesting the $0.0083 low, then consolidating at $0.009 after a mild recovery.

Its MACD is also flashing a bearish trend, which requires intervention to move forward. this week, MEW it needed to get back above the Pivot level at $0.010016 to reverse its trend. Above this, the first resistance would be at $0.01204, with another hurdle at $0.01329.