- MEW price has surged by 96% in a week, showing buyers’ domination.
- HNT price has surpassed the key moving averages and reached the $5 hurdle.
- Flow crypto price has witnessed a V-shape recovery from the bottom.
The top crypto gainers of this week are MEW, HNT, and Flow during the short-term correction phase of Bitcoin. Among three of them, cat in a dogs world (MEW) has performed outstandingly in a week.
MEW Price Has Triggered a Breakout from a Symmetrical Triangle Pattern; Will It Keep It Up?
At press time, the Cat in a Dogs World was being traded at $0.00735, which has declined by 3.19% in the past 24 hours. The circulating supply is 88,888,888 MEW, and the market capitalization is $649.66 Million.
The MEW crypto price is shaped in a symmetrical triangle pattern during the daily time frame. It has triggered a breakout from the triangle and risen by 96% in a week. The bullish trend seemed to be interrupted near the $0.00800 hurdle.
If the digital asset price triggers a breakout from the $0.00800 hurdle after the consolidation, the green phase can be continued. The rise in trading volume at the time of the breakout may boost the price for a long bull run.
On the other hand, if the price fails to sustain the $0.00800 hurdle, profit booking can be anticipated. Seeing the price below the $0.00600 hurdle might be a panic phase for the buyers, and the MEW price may keep falling due to panic selling.
Could HNT Price Reclaim $10 Mark in This Bull Run?
The bearish trend in Helium price had halted near the $3.00 mark in the first week of July. After forming a bottom at the $3.00 mark, the price rose by 72% in 2 weeks.
Based on the chart, the digital asset price extended to the last swing high of $6 during this bullish move. However, it filed to continue and dropped to the 200-day EMA. Sellers were not strong enough to drag the price below the 200-day EMA.
Buying signals can be generated if the HNT price defends the 200-day EMA. The price over the $7 mark may tempt buyers for the $10 hurdle.
On the contrary, sellers may continue the bearish trend if the price starts trading below the 200-day EMA. Selling pressure in this territory may drag down the price to the $2 mark.
Would the Flow Price Extend to the $1 Mark?
According to the technical chart, the Flow crypto price had dropped below the crucial level of $0.600.
However, it witnessed a V-shape recovery and lifted the price over the crucial level. The pullback is that the price has taken support of $0.600 and has risen by 16% in three days.
Assuming the FLOW price succeeds in sustaining the price over $0.600, the price may extend to the 200-day EMA. Sellers may dominate further if the price starts trading below the crucial level.
All in All
MEW, HNT, and Flow have 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.
As per the chart, Flow crypto has displayed strong buying momentum at the bottom and is expected to touch the $1 mark soon.
Disclaimer
This article is for informational purposes only and provides no 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.
Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.
