3 cryptocurrencies under $5 to buy next week

Near Protocol (NEAR)
NEAR rose and closed above the resistance of $1.70 on November 24, and this move indicates a potential trend change in the short term.

The ascending 20-day Exponential Moving Average (EMA) at $1.58 and a positive Relative Strength Index (RSI) signal the current dominance of bulls in the market. A minor resistance is observed at $2, and a successful breakthrough could propel the NEAR/USDT pair to $2.40.

On the flip side, bears may attempt to reverse the momentum by driving the price beneath the established breakout point at $1.72, potentially ensnaring bulls who entered aggressively. In such a scenario, the pair could undergo a decline toward the significant 20-day Exponential Moving Average (EMA), a pivotal level demanding close observation.

If the price falls below this critical level, it would serve as a clear indication of renewed selling activity, signaling that sellers have regained control in the market.

The pair has been sustaining above the breakout level of $1.72, but the bulls have failed to start a strong up-move. This suggests that the bears have not given up and are trying to pull the price back below $1.72.

If they can pull it off, the price may drop to $1.60. If this level gives way, several stops may get triggered. The pair may then tumble to $1.45 and thereafter to $1.28. However, if buyers shove the price above $1.95, the pair may start its march toward $2.10.

Theta Network (THETA)
Theta Network (THETA) is currently establishing support at the 20-day Exponential Moving Average (EMA) at $0.88, following a recent correction in the past few days.

This trend suggests that overall sentiment remains positive, with traders interpreting the recent dips as a favorable buying opportunity. The fact that the price is finding support at the 20-day EMA indicates resilience in the market, and investors seem inclined to consider these corrections as a chance to enter or add to their positions.

The anticipated bounce from the 20-day EMA might encounter resistance at the psychological barrier of $1. If successfully breached, the THETA/USDT pair could gain momentum, propelling it towards $1.05 and subsequently to $1.20. Overcoming this level may pose a significant challenge, yet if surpassed, the pair may advance to $1.33.

Arbitrum (ARB)
In 2023, the cryptocurrency community was abuzz with excitement surrounding the launch of the Arbitrum token (ARB), an event highly anticipated by crypto enthusiasts. The token launch didn’t disappoint, as it came with a massive airdrop, offering participants the opportunity to secure up to 12,000 tokens, equivalent to over $10,000.

Since its launch, ARB coin has shown extensive growth in the crypto market and became one of the top 100 crypto projects shortly after its launch. According to some reports, Ethereum whales dumped billions of dollars of investments in ARB tokens after the launch, and it pushed the price. 

ARB prices rallied to an all-time high (ATH) of $11.80 in March 2023. However, since then Arbitrum Coin has been showing a bearish performance and is currently trading at $1.6

The substantial support from major cryptocurrency exchanges further propelled Arbitrum’s rise, quickly establishing it as the second most widely used blockchain network in the crypto space. However, after its initial success, a discordant note emerged when developers expressed an interest in utilizing a significant portion of the project’s funds, a proposal that was met with opposition from the community.

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