MEW, HNT, and Flow Remained the Top Crypto Gainers of the Week
The MEW crypto price has performed extraordinarily compared to the HNT and FLOW. During the small correction phase in BTC, these coins have displayed one-sided momentum.
The cryptocurrency market has been showing signs of recovery in the past few weeks, with some assets posting impressive gains. Among the top performers this week are MEW, HNT, and Flow, which have shown resilience during Bitcoin's short-term correction phase.
Cat In A Dogs World (MEW) Token Surges 96% In A Week, Could It Hit $0.01 Soon?
Cat In A Dogs World (MEW) crypto price encountered a breakout from a symmetrical triangle pattern on the daily time frame.
After the breakout, the MEW price has surged over 96% in a week, reaching a high of $0.00800. The bullish momentum was halted at this level, preventing further gains.
MEW price might continue its bullish trend if it manages to break through the $0.00800 barrier following the consolidation phase.
A rise in trading volume during the breakout could propel the price up for an extended bull run.
On the other hand, if the price fails to hold above the $0.00800 level, profit-taking could occur.
A drop below the $0.00600 support level could trigger panic among buyers, leading to a decline in MEW price due to panic selling.
HNT Price To Reclaim $10 Mark In This Bull Run?
Helium price encountered strong buying support at the $3.00 mark in the first week of July during its bearish trend.
After forming a bottom at the $3.00 level, the price surged over 72% within 2 weeks.
As per the four-hour time frame, the asset price ascended to the last swing high of $6 during this bullish move. However, it failed to continue and dropped to the 200-day EMA.
Sellers were unable to drag the price below the 200-day EMA.
If the HNT price manages to hold above the 200-day EMA, buying signals could be generated.
The price might continue to rise above the $7 mark, enticing buyers to push toward the $10 level.
Conversely, if the price begins to trade below the 200-day EMA, sellers could continue the bearish trend.
Selling pressure at this level may drag the price down to the $2 mark.
Flow Price To Extend To $1 Mark?
Flow crypto price dropped below the crucial level of $0.0600, as seen on the technical chart.
However, it witnessed a V-shape recovery and lifted the price above the crucial level.
The pullback is that the price took support at $0.600 and surged over 16% within 3 days.
If the FLOW price manages to sustain the price above $0.600, the price might continue to extend to the 200-day EMA.
Sellers will have the upper hand if the price begins to trade below the crucial level.
Collectively, MEW, HNT, and Flow have emerged as the top crypto gainers this week.
MEW crypto price has shown an exceptional performance compared to HNT and FLOW.
During Bitcoin's minor correction phase, these coins have shown one-sided momentum.
As per the chart, Flow crypto has shown strong buying momentum at the bottom and is likely to touch the $1 mark.
This article is intended for informational purposes only and does not constitute financial, investment, or other advice. The author or any mentioned parties are not liable for any financial loss that may arise from investing or trading. Conduct your research and consult a qualified professional before making any financial decisions.
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