This article highlights the top four cryptocurrency gainers of the week: Cat in a Dogs World （MEW）, Helium （HNT）, SATS, and Flow （FLOW）, analyzing their market performance and potential future trends.
Points
- Cat in a Dogs World （MEW） experiences a significant surge.
- Helium （HNT） shows consistent bullish trends.
- SATS rises substantially in market value.
- Flow （FLOW） demonstrates remarkable growth.
Cat in Dogs World （MEW）: Technical Analysis
Since its launch, MEW has been in a volatile range, producing a descending triangle pattern over the 1-day chart. Over the past two weeks, MEW surged by over 135%. Recently, the token took a breather before rising steadily.
The indicators show strong backing from the 50-day EMA band, heading towards the $0.009944 mark. The MACD showcased a strong bullish crossover, with a large histogram at 0.0003893. RSI is coming down from overbought territory, preparing for another bullish push. At press time, the RSI was at 69.43.
Resistance lies around $0.0088 and $0.0099 levels, while support is around $0.0062 and $0.0048 levels.
Can Helium （HNT） Keep the Rally Going Forward?
Helium （HNT） has exhibited bullishness on the daily chart, forming consistent green candles for several days and ranking among the top crypto gainers this week.
HNT gained over 700% to $11.160 by February 15th, 2024, from $1.429, a significant support level. Despite strong bearish pressure, the broader bullish sentiment this July prevailed. A breakout resulted in a 75% spike over two weeks.
Its price pierced both 50-day and 200-day EMA bands, with the MACD histogram surging at 0.152. The RSI reached overbought conditions at 69.95, which might be a concern （DYOR）.
Support levels for HNT are $3.01 and $4.24, with resistance levels at $6.91 and $8.01.
SATS Technical Chart Overview on 1-D Time Frame
SATS rose over 200% in the past three weeks, indicating positive market sentiment on the daily chart.
SATS breached the 50-day EMA and pulled back from $0.0000002524, heading upwards. The MACD showed a bullish cross above the zero line, with the histogram advancing at 0.0000000078. The RSI flashed at 66.90, indicating further upside movement.
If the bullishness persists, resistance could be around $0.0000003486 and $0.0000003893. If the price dips, support levels would be $0.0000002524 and $0.0000001534.
Technical Analysis of Flow （FLOW） Daily Chart
FLOW displayed a remarkable surge of over 300% from October 2023 to mid-March 2024, rising from $0.417 to $1.693.
Despite significant gains, a three-month profit-taking spree ensued, with the decline in a wedge pattern. The price recently broke above the upper boundary.
The 50-day EMA previously hindered further upward movement, but a recent BTC surge breached the orange band.
Next resistance levels are $0.820 and $1.00, contingent on a potential bullish push. If the bears counteract this ascent, the price could fall to support levels at $0.60 and $0.40. The 50-day EMA has been breached, with the bullish RSI and MACD indicating a positive sentiment.
解説
- MEW, HNT, SATS, and FLOW have shown significant gains, reflecting positive market sentiment.
- Technical indicators suggest potential further growth for these cryptocurrencies.
- Investors should monitor these assets for potential investment opportunities.