From July fifth onwards, BTC surged nearly 27% up to $68270. The broader market showcased gains and bullishness, bringing forth some top crypto gainers and losers.
In the intervening time, final week, BTC pulled aid to the 200-day EMA enhance. The final 2-day green candle confirmed a surge of 5%.
This week’s 4top crypto gainers were Cat in a dogs world (MEW), Helium (HNT), SATS (SATS), and Waft (FLOW).
In maintaining with final week’s efficiency, the optimism in these gainers might maybe also consequence in more gains on the upcoming day-to-day chart. Let’s delve into the technical charts of top crypto gainers this week and obtain what these 4 cryptocurrencies might maybe also produce subsequent on the chart.
Cat in Dogs World (MEW): Technical Diagnosis
Since its launch, MEW had been in a hazardous range. That volatility produced a descending triangle pattern over the 1-D chart. Previously two weeks, there modified into a surge of over 135%. Currently, the token took a breather sooner than rising step by step.
The indications web displayed a huge backing from the 50-day EMA band and appear headed to retest the $0.009944 assign. In the intervening time, the MACD showcased a solid bullish crossover, with a colossal histogram at 0.0003893. RSI is coming down from overbought territory in expose to situation up for any other bullish push ahead. At press time, the RSI modified into at 69.43.
Resistance lies all the draw thru the $0.0088 and $0.0099 phases. Alternatively, the enhance lies around $0.0062 and $0.0048 phases.
Can Helium (HNT) Protect the Rally Going Ahead?
The Helium (HNT) has exhibited bullishness on the day-to-day chart, with the formation of consistent green candles for quite a bit of days and being half of the head crypto gainers this week.
HNT won over 700% to $11.160 by Feb 15th, 2024, from $1.429, a fundamental enhance stage. Bulls were caving below the solid bearish force. Consistent profit reserving for roughly 150 days after mid-February ended in the formation of a falling wedge formation.
Alternatively, ultimately, the broader bullish sentiment this July month prevailed. A breakout in the break of an over 75% spike right 2 weeks modified into considered on the day-to-day chart.
The attach its designate pierced both EMA bands 50-day & 200-day, MACD histogram on the surge at 0.152. The RSI has met over-sold stipulations and at 69.95, which would be a affirm (DYOR).
The enhance phases for HNT are $3.01 and $4.24, followed by the resistance phases at $6.91 and $8.01.
SATS Technical Chart Overview on 1-D Time Frame
Third on the record, SATS rose over 200%, indicating a explicit market sentiment in the past three weeks on the day-to-day chart.
SATS breached the 50-day EMA and pulled aid from $0.0000002524, and it’s headed upwards. In the intervening time, the MACD has confirmed a bullish defective above the zero line, where the histogram has developed at 0.0000000078. The RSI has flashed at 66.90, above the zero line. Total, indicators highlight extra upside circulation.
If the bullishness persists, the resistance would be around $0.0000003486 and $0.0000003893, respectively. Alternatively, if the designate dips, the enhance phases would be $0.0000002524, and $0.0000001534, respectively.
Technical Diagnosis of Waft (FLOW) Day after day Chart
The FLOW chart displayed a principal surge of over 300% from October 2023 to mid-March 2024. FLOW went from $0.417 to $1.693 in that historic surge.
Despite these fundamental gains, a three-month profit-taking spree modified into considered. The decline modified into in a wedge pattern because the designate neutral lately broke above the upper boundary.
Alternatively, the 50-day EMA modified into earlier hindering extra upward circulation, however a newest BTC surge breached the orange band.
The next resistance phases are at $0.820 and $1.00, contingent on a ability bullish push. If the bears counteract this ascent and the designate falls below the pattern, the bullish sentiment might maybe also diminish.
The persistent bearish dominance might maybe also drive the designate correct down to the nearest enhance phases at $0.60 and $0.40. The 50-day orange band EMA has been breached, alongside the bullish RSI and MACD. Total, the sentiment has grew to modified into bullish.
