thecoinrepublic.com
This week was marked by a significant down move in the altcoin market, with many crypto assets struggling to gain bullish momentum. Despite this, Helium (HNT), Uniswap (UNI), and Ordinals (ORDI) were some of the top crypto gainers that competed with other altcoins.
Helium (HNT) Rallies to a Four Month High
Helium (HNT) leads the pack with a weekly rise of over 10%. HNT price witnessed a massive jump in its value over the weekend. It crossed its previous four-month barrier of $8 and is set to revisit the 52-week high zone close at $9.20.
It is trading inside a rising channel and continues to deliver the higher high swings. Climbing above the key EMAs, the uptrend is intact and HNT price is set for a sharp upswing in the coming sessions.
Helium traded at $8.32 with an intraday rise of over 1.98% at press time. Over the weekend, buyers continued to ride the uptrend and are eyeing the $9 mark.
Most leading and lagging indicators pointed to a major uptrend and further upswing could be seen in the coming sessions. Buyers have maintained their upper hand and the token would continue to outperform in the market.
Uniswap (UNI) Climbs Higher: What’s Next?
Uniswap crypto made a double-bottom formation near the demand zone of $5 and rose over 7% this week. Furthermore, the price action shows that UNI is trying to bisect the neckline hurdle of $6.50 for an upswing.
However, the upward movement to $8 could extend if it crosses the neckline barrier. Alongside with bottom formation, the correction has come to an end and the altcoin could see a reversal in the coming sessions.
Over the past few weeks, the UNI crypto has been indulging in making a base around the $5 mark and showed significant sideways movement. However, the RSI has started rising and the price is also moving upwards, which gives a bullish conviction.
A daily close above the $7 mark would confirm the breakout and the altcoin could see a major upswing in the coming sessions.
Ordinals (ORDI) Reached Resistance Zone
Rising by 5% in the past seven days, ORDI crypto is attempting to break the falling channel and is looking to cross the upper trendline hurdle of $32.
A falling channel forms when an asset’s price consistently makes lower highs and lower lows over a period of time. The channel typically indicates a bearish trend. However, the bulls have gained momentum and are looking to revert the trend and aiming for a rise.
At press time, ORDI price was trading at $30.17, up by over 0.44%. It has a market cap of $631.92 Million and ranks at 97th position.
The ORDI price has crossed the 20 day EMA mark and tried to cross the 50 day EMA hurdle while looking for a breakout.
The immediate support for ORDI is $25 followed by $22, while the resistance level is near $35, followed by $38.