Top 5 Crypto Performers Overview: Stellar, Ripple, NEO, Cardano, EOS

Tether briefly lost its peg to the U.S. dollar as the traders sold it and lapped up other cryptocurrencies, providing a temporary boost in the total crypto market capitalization to about $220 billion.

Another positive news was the announcement of a partnership between Stellar and cryptocurrency exchange Hyperion, a subsidiary of a Canadian firm Global Blockchain Technologies.

Now, if the bulls continue their purchases at higher levels and break out of the downtrend line of the triangle, it will invalidate the bearish pattern.

With several positive news to help the price action, Ripple has made a small comeback this week.

On the downside, if the cryptocurrency breaks down of $0.25, it can sink to a new low.

NEO/USD. NEO celebrated the second anniversary of their mainnet launch and the market cheered the event by pushing the price higher by 5 percent in the past seven days.

A break of the support levels will be very negative and can result in a drop to the next support at $6.47815308.

A break out of this level might start a new rally to $43, and above that to $60, where it might face resistance from the 50-week SMA. Above this level, the move can extend to $100. We believe that the traders should wait for a new buy setup to form before establishing any new positions in it.

Cardano has shrugged off the infighting as the price went up by about 5 percent in the past seven days.

Traders should wait for a new buy setup to form before attempting a long position on Cardano.