- CFX and AVAX are poised for significant price movements in upcoming trading sessions.
- ENS has demonstrated growth and is currently following a bullish trendline.
Crypto prices have garnered global optimism today. As of writing, Bitcoin (BTC) briefly touched the $62K mark. Concurrently, top altcoins like Solana (SOL), Ethereum (ETH), and Ethereum Name Service (ENS) exhibited similar upward momentum.
The global cryptocurrency market capitalization recorded a surge of 1.88% to $2.29 Trillion, per CoinMarketCap.
Additionally, the total crypto market volume surged by 7.14% to $60.89 Billion, sparking increased investor interest.
Let’s examine the top three crypto gainers in the past 24 hours and their performance as of June 28, 2024.
![Top 3 crypto](https://themarketperiodical.com/wp-content/uploads/2024/06/image-330-1024x241.png)
1. Akash Network
The AKASH Network has surged 18.40% in the intraday session, reaching a market cap of $895.36 million and ranking 75th among the top 100 coins.
AKT’s 24-hour trading volume across major platforms hit $84.97 million at press time, a 75.50% increase. With a volume-to-market cap ratio of 9.43%, liquidity remains strong.
Of its total supply of 242.071 million AKT, 62.30% is currently in circulation. The maximum supply is capped at 388.539 million AKT.
AKT/USD Chart by TradingView
The price structure of the AKASH Network shows a breakout from the falling wedge pattern, supported by the dynamic support of the 20-day EMA band on a daily basis. After forming a low of $2.50, the price surged 45% to $3.65.
Technical oscillators corroborate this rise, with the MACD showing a bullish cross and the RSI recovering from an extreme oversold level of 25 to a current level of 51.34.
2. Avalanche
After spending an extended period in a contracted falling wedge, the last traded price neared the previous resistance and now turned support, showing an 8.37% intraday growth to $28.03 at press time.
Its market cap has grown to $11.039 billion, positioning it as the 11th-ranked cryptocurrency in the global top 100 based on market cap. Despite moderate liquidity, the price indicates a potential breakout from this range in the upcoming sessions.
AVAX/USD Chart by TradingView
AVAX could potentially reclaim lost levels by surpassing the wedge, initially targeting $37 and $50. The AVAX price is approaching dynamic resistance from below, indicating potential growth.
Technical indicators also support this outlook. The MACD has formed a bullish cross in bearish territory, suggesting a waning bearish dominance. Meanwhile, the RSI, now at 43.13, has found support from the 14-SMA and has recovered from oversold conditions, further signaling potential upward momentum.
3. Conflux
Conflux (CFX) has demonstrated significant historical gains, exceeding 200% and 300% from its current trading levels. As of the latest update, the intraday price is $0.1694, marking a notable increase of 9.73%.
With its market cap placing it 97th among the top global assets, Conflux has seen a remarkable surge in trading volume, totaling $39.625 Million following a substantial 61.90% increase.
The recent price action of Conflux underscores its potential for exponential growth. This week alone, the asset has observed a substantial increase of over 16%, indicative of strong bullish momentum.
Such movements highlight Conflux’s position as a compelling contender in the market, poised to capitalize on current bullish sentiments.
CFX/USD Chart by TradingView
Technical analysis tools indicate that Conflux (CFX) is approaching dynamic resistance levels indicated by EMA bands.
The MACD indicator has recently formed a bullish cross, signaling potential upward momentum. Additionally, the Relative Strength Index (RSI) is rebounding from oversold conditions, suggesting a strengthening of buying interest.
These technical signals collectively suggest a potentially favorable outlook for Conflux in the near term.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.