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Here are our picks for top cryptocurrencies to watch this week, based on their on-chain performances and social trends – AVAX, JASMY, BONK 
Bearish forces continued to exert significant selling pressure last week, driving Bitcoin (BTC) below the critical $65,000 threshold for the first time in over a month.&nbsp; 
This downturn echoed throughout the market, resulting in prolonged losses. 
Consequently, the entire market experienced substantial selloffs, leading to a $70 billion reduction in the global crypto market cap, which fell below the $2.4 trillion mark, ending the week at $2.35 trillion. 
<figure id="attachment_75212" aria-describedby="caption-attachment-75212" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-medium wp-image-75212" src="http://bitcoinworld.co.in/wp-content/uploads/AVAX-JASMY-and-BONK-prices-–-June-23-720x244.webp" alt="" width="720" height="244" srcset="https://bitcoinworld.co.in/wp-content/uploads/AVAX-JASMY-and-BONK-prices-–-June-23-720x244.webp 720w, https://bitcoinworld.co.in/wp-content/uploads/AVAX-JASMY-and-BONK-prices-–-June-23-768x260.webp 768w, https://bitcoinworld.co.in/wp-content/uploads/AVAX-JASMY-and-BONK-prices-–-June-23.webp 1024w" sizes="(max-width: 720px) 100vw, 720px">
 <figcaption id="caption-attachment-75212" class="wp-caption-text">
 AVAX, JASMY and BONK prices – June 23
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</figure> 
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Here are our picks for top cryptocurrencies to watch this week, based on their on-chain performances and social trends: 
<h3 id="span-style-font-weight-400-avax-hits-yearly-low-span">AVAX Hits Yearly Low&nbsp;</h3> 
Avalanche (<a href="https://bitcoinworld.co.in/avalanche-avax-falls-more-than-7-in-24-hours/">AVAX</a>) suffered a heavy blow, especially on June 17 and 18 when the turbulence intensified. <a href="https://www.avax.network/">AVAX</a> began the week with a mild 0.23% gain, trailing Bitcoin’s meager rise that day. 
However, as the Bitcoin collapse triggered a market drop, Avalanche recorded a free fall, collapsing nearly 12% within two days to trade at $26.60 for the first time since last December. 
AVAX broke its record for the lowest price this year on two occasions last week. It hit a new yearly low of $24.94 on June 18, and then dropped to a lower value of $24.52 on June 22.&nbsp; 
The asset saw a 14.66% loss last week, closing the week at $25.61. This figure marked a YTD drop of 33% for Avalanche. However, AVAX’s RSI (25.15) and CCI (-138.2) confirm that the asset is extremely oversold and may be due for a rebound. 
<h3 id="span-style-font-weight-400-jasmy-retests-lower-bollinger-band-span">JASMY Retests Lower Bollinger Band</h3> 
JasmyCoin (JASMY) saw higher gains during periods of upswings. For instance, the token initially soared 12.33% on June 16, when BTC and other assets saw negligible gains. 
The correction saw JASMY record four days of losses, culminating in a 25% collapse. JASMY eventually retested the lower Bollinger Band ($0.0296) on June 20, briefly dropping below it. 
The asset engineered a surge to decisively push above the lower band, with an 8.52% gain on June 22. This helped JASMY reclaim some of the lost values, but it still saw a 7.46% drop last week.&nbsp; 
Moreover, JasmyCoin continues to trade below the 20-day EMA at $0.03540 (blue line). This indicates that the asset remains in bearish territories despite the late-minute recovery.&nbsp; 
<h3 id="span-style-font-weight-400-bonk-collapses-span">BONK Collapses</h3> 
Bonk (BONK), the only meme coin on this week’s “top cryptocurrencies” list, suffered from its higher volatility. It is witnessing steeper declines than the rest of the market. 
Following a 3% gain on June 16, the bears triggered a 17% crash in BONK’s price on June 17 and 18.&nbsp; 
BONK consolidated after this sharp drop, but maintained the bearish momentum despite securing a listing on Bitstamp. It closed the week with a 15.6% drop.&nbsp; 
BONK must push above the 23.6% Fibonacci retracement ($0.00002543) and the 50-day EMA ($0.00002637) to flip its momentum to bullish. 
A breach of this level could provide enough strength for the bulls to reach the $0.00002909 resistance, aligning with the 38.2% Fibonacci retracement. This would be pivotal for the journey toward the psychologically important $0.00003 territory.

Top Cryptocurrencies To Watch This Week: AVAX, JASMY, BONK

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