Since breaking through the critical psychological resistance at $20,000, Bitcoin (BTC) price has moved even higher. In the early on trading hours, the top-ranked digital asset pushed as high as $23,800 before pulling dorsum to $23,000 but the tendency of investors purchasing each dip appears to still be in play.

Crypto marketplace data daily view. Source: Coin360

Although Bitcoin is conspicuously in a balderdash phase, many investors are wary to buy at the current levels due to fears of a abrupt reversal taking place. Therefore, they are on the watch for other 'less expensive' tokens that are backed by strong fundamentals and as well look bonny on the charts.

Let's take a look at some of the smaller cap altcoins which have been making some stiff move over the past calendar week.

KSM/USD

Kusama (KSM) is the parallel network to Polkadot and the team plans to launch initial parachain offerings in the near future. This unique crowdfunding machinery aims to be a amend version of the initial coin offerings which were extremely pop in 2017.

A number of emerging projects are likely to compete with each other to secure a parachain slot on the Polkadot network. However, earlier this can occur, the projects may want to practice some alive pre-testing on the Kusama network before deploying them on Polkadot.

Some projects may even keep parachains on both networks, using Kusama to test new technologies and features before rolling them out on the Polkadot network. With limited slots available, there is probable to be a behest war and Kusama tokens could exist in need.

KSM price has rallied from an intraday depression at $43.151 on Dec. 11 to an intraday loftier at $63 today, a gain of 46% within a week. Currently, the bulls are attempting to push the toll in a higher place the $65.537 overhead resistance.

KSM/USDT daily chart. Source: TradingView

The ascension moving averages and the relative strength alphabetize (RSI) above 62 suggest that the reward is with the bulls. If traders can propel the price above the overhead resistance, the side by side leg of the up-motion to $80 could begin.

However, the bears are probable to take other plans every bit seen from the long wick on today'southward candlestick. If the toll turns down from the current level or the overhead resistance but rebounds off the 20-day exponential moving average ($50.xc), it volition indicate that bulls proceed to purchase on dips. This could increase the possibility of a pause to a higher place $65.537.

This positive view will be invalidated if the toll slips below the 20-solar day EMA. In such a case, the price may remain range-bound betwixt $45 and $65 for a few days.

DCR/USD

In a balderdash market, trading action increases across multiple exchanges and this boosts aggregate book. Decred's (DCR) contempo launch of DCRDEX, a decentralized exchange that puts security, privacy, and zero trading fees at the forefront, could not have come at a better fourth dimension.

The opportunity to trade without having to go through know-your-customer processes may have attracted several traders who prefer to stay anonymous. In divide news, two candidates in Brazil'southward 2020 Municipal elections used Decred's blockchain to timestamp and record political donations. This type of transparency is desperately needed in many countries and the successful utilize of Decred's blockchain could mayhap open up upwardly opportunities for future elections.

Over the by week, DCR price has risen over 39% from an intraday depression at $23.246 on Dec. 11 to an intraday high at $32.40 on December. 16. The upsloping moving averages and the RSI in positive territory suggest that the path of least resistance is to the upside.

DCR/USDT daily nautical chart. Source: TradingView

The bulls are currently facing resistance at the critical overhead level at $32. Previous attempts by the bulls to sustain the price to a higher place this resistance failed on Dec. 3 and Dec.10.

All the same, the long tail on today'due south candlestick shows that the bulls are buying on intraday dips. They are likely to again attempt a break above the overhead resistance in the next few days. If the cost sustains higher up $32, a motility to $35 and then to $42 is possible.

The selling could intensify if the price turns downwardly from the current levels and slips beneath the 20-day EMA at $26.50.

QTUM/USD

Decentralized finance (DeFi) has made serious inroads in 2020 and Qtum's DeFi ambitions received a boost when it launched its own DEX called QiSwap a few days. QiSwap allows users to build DeFi applications and provide liquidity on summit of the Qtum blockchain.

Qtum also aims to address the mutual result of lagging transactions and high fees on decentralized blockchain platforms. The Qtum Improvement Proposal 26 plans to reduce block spacing to provide faster transactions.

QTUM has been an underperformer in the current bull run merely it is trying to brand amends. The toll has risen from an intraday low at $two.315 on December. eleven to an intraday loftier at $2.844 today, a gain of 22% in the past week.

QTUM/USDT daily chart. Source: TradingView

The twenty-mean solar day EMA ($two.58) has started to turn upward and the RSI has risen above 57, which suggests that the bulls are making a improvement.

If buyers button the cost above the $3.066 to $iii.283 overhead resistance zone, the QTUM/USD pair could pick upwardly momentum and rally to $3.777 then to $4.

This bullish view will be invalidated if the price turns down from the overhead resistance zone and dips beneath the 50-day simple moving boilerplate ($two.37).

The views and opinions expressed here are solely those of the author and do non necessarily reflect the views of Cointelegraph. Every investment and trading motion involves risk, you should comport your own enquiry when making a decision.