The fresh week kicks off on a bullish show for crypto markets, with world market capitalization mountaineering by over 1% previously 24 hours.
Top coin Bitcoin leads the charge as it reclaims the $109,000 designate level and is now eyeing a push toward the significant $110,000 resistance zone. This renewed momentum is sparking increased shopping and selling exercise across the board, pushing up the cost of a total lot of altcoins. Right here are the head performers on CoinGecko to watch this week
BONK
The Solana-primarily based dog-themed memecoin, BONK, is lend a hand in the spotlight with impressive positive aspects to begin the week. The altcoin trades at $0.000022, noting a 50% designate hike right thru the final seven days.
Mounting hypothesis spherical a attainable 2x leveraged BONK ETF fuels this momentum. Tuttle Capital Management confirmed July 16 because the earliest that it’s seemingly you’ll perhaps well well perhaps take into accout begin date, pending regulatory approval.
This construction has reignited investor pastime in BONK, utilizing up its shopping and selling quantity and rate action. Over the past day on my own, the meme coin’s shopping and selling quantity is up by extra than 75%, exceeding $1 billion as of this writing.
When an asset’s designate and shopping and selling quantity rise simultaneously, it signals solid market pastime and rising momentum. This confirms the bullish sentiment amongst BONK traders and the attainable for persisted upward plug.
If bullish stress persists because the market awaits the begin of the ETF, BONK could well prolong its positive aspects over the following couple of days. It ought to also rally toward $0.000024 if shopping for exercise carries.
On the opposite hand, if profit-taking commences, BONK could well shed some positive aspects and descend to $0.000020.
PLUME
Layer 1(L1) RWA-primarily based coin PLUME is another Coingecko high gainer to eavesdrop on in the second week of July. As of this writing, it trades at $0.116, mountaineering by 36% right thru the final week.
The altcoin’s rising Chaikin Money Slide (CMF) on the on daily basis chart confirms the rally’s power. At press time, it sits above the zero line at 0.05, indicating fundamental ask for PLUME.
The CMF measures the amount-weighted money waft into or out of an asset over a selected length, helping gauge shopping for or promoting stress. When its designate is for sure, shopping for stress outweighs promoting stress. This confirms PLUME accumulation and hints at the likelihood of a sustained rally.
If bullish sentiment holds, the L1 coin could well climb toward $0.141 over the following couple of days.
On the varied hand, if ask weakens, PLUME could well decline to $0.095.
Moo Deng (MOODENG)
The pygmy hippo-themed meme coin MOODENG is another Coingecko high gainer to watch. It at show camouflage trades at $0.186, mountaineering 20% previously seven days.
Readings from MOODENG’s Relative Power Index (RSI) level to the likelihood of an prolonged rally. At press time, the meme coin’s RSI is at 57.20
The RSI indicator measures an asset’s overbought and oversold market stipulations. It ranges between 0 and 100. Values above 70 counsel that the asset is overbought and due for a designate decline, while values below 30 level to that the asset is oversold and could well look a rebound.
At 57.20, MOODENG’s RSI signals that the asset is gradually venturing into bullish territory, with room for extra upside sooner than becoming overbought. This confirms that ongoing shopping for pastime persists with out indicators of exhaustion.
If this continues, MOODENG’s designate could well reach $0.234.
Conversely, a dip in ask for the altcoin could well push its designate all of the manner down to $0.176.
