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4 Top Crypto Gainers: MEW, HNT, SATS, FLOW

source-logo  thecoinrepublic.com 28 July 2024 02:41, UTC

From July 5th onwards, BTC surged nearly 27% up to $68270. The broader market showcased gains and bullishness, bringing forth some top crypto gainers and losers.

Meanwhile, last week, BTC pulled back to the 200-day EMA support. The last 2-day green candle showed a surge of 5%.

Top Gainers | Source: CoinMarketCap

This week’s 4top crypto gainers were Cat in a dogs world (MEW), Helium (HNT), SATS (SATS), and Flow (FLOW).

Based on last week’s performance, the optimism in these gainers could lead to more gains on the upcoming daily chart. Let’s delve into the technical charts of top crypto gainers this week and find what these 4 cryptocurrencies could perform next on the chart.

Cat in Dogs World (MEW): Technical Analysis

Since its launch, MEW had been in a volatile range. That volatility produced a descending triangle pattern over the 1-D chart. In the past two weeks, there was a surge of over 135%. Recently, the token took a breather before rising steadily.

The indicators have displayed a massive backing from the 50-day EMA band and appear headed to retest the $0.009944 mark. Meanwhile, the MACD showcased a strong bullish crossover, with a gigantic histogram at 0.0003893. RSI is coming down from overbought territory in order to prepare for another bullish push ahead. At press time, the RSI was at 69.43.

Resistance lies around the $0.0088 and $0.0099 levels. However, the support lies around $0.0062 and $0.0048 levels.

Can Helium (HNT) Keep the Rally Going Forward?

The Helium (HNT) has exhibited bullishness on the daily chart, with the formation of consistent green candles for several days and being part of the top crypto gainers this week.

HNT gained over 700% to $11.160 by Feb 15th, 2024, from $1.429, a significant support level. Bulls were caving under the strong bearish pressure. Consistent profit booking for approximately 150 days after mid-February led to the formation of a falling wedge formation.

However, eventually, the broader bullish sentiment this July month prevailed. A breakout in the form of an over 75% spike just 2 weeks was seen on the daily chart.

Where its price pierced both EMA bands 50-day & 200-day, MACD histogram on the surge at 0.152. The RSI has met over-bought conditions and at 69.95, which might be a concern (DYOR).

The support levels for HNT are $3.01 and $4.24, followed by the resistance levels at $6.91 and $8.01.

SATS Technical Chart Overview on 1-D Time Frame

Third on the list, SATS rose over 200%, indicating a positive market sentiment in the past three weeks on the daily chart.

SATS breached the 50-day EMA and pulled back from $0.0000002524, and it’s headed upwards. Meanwhile, the MACD has shown a bullish cross above the zero line, where the histogram has advanced at 0.0000000078. The RSI has flashed at 66.90, above the zero line. Overall, indicators highlight further upside movement.

If the bullishness persists, the resistance could be around $0.0000003486 and $0.0000003893, respectively. However, if the price dips, the support levels would be $0.0000002524, and $0.0000001534, respectively.

Technical Analysis of Flow (FLOW) Daily Chart

The FLOW chart displayed a remarkable surge of over 300% from October 2023 to mid-March 2024. FLOW went from $0.417 to $1.693 in that historical surge.

Despite these significant gains, a three-month profit-taking spree was seen. The decline was in a wedge pattern as the price recently broke above the upper boundary.

However, the 50-day EMA was earlier hindering further upward movement, but a recent BTC surge breached the orange band.

The next resistance levels are at $0.820 and $1.00, contingent on a potential bullish push. If the bears counteract this ascent and the price falls below the pattern, the bullish sentiment could diminish.

The persistent bearish dominance could drive the price down to the nearest support levels at $0.60 and $0.40. The 50-day orange band EMA has been breached, alongside the bullish RSI and MACD. Overall, the sentiment has turned bullish.

thecoinrepublic.com