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.