The new week begins with a bullish note from Crypto Markets, with global market capitalization rising by more than 1% over the past 24 hours.
Top Coin Bitcoin is leading the fees as it regains its price level of $109,000 and is currently pushing towards a $110,000 resistance zone. This new momentum has led to an overall increase in trading activity, boosting the value of some altcoins. This is Coingecko’s top performer to watch this week
Bonk
Solana-based dog-themed memo coin Bonk is in the spotlight with an impressive profit starting this week. Altcoin is trading at $0.000022 and has been increasing its price by 50% over the past seven days.
Increases speculation around potential 2x that burns fuel in a potential 2x leveraged Bonk ETF. Tuttle Capital Management has put on regulatory approval and confirmed July 16 as the initial launch date possible.
This development has rekindled investor interest in Bonk, driving trading volume and price action. In the past day alone, Meme Coin’s trading volume has increased by more than 75%, exceeding $1 billion at the time of this writing.
As assets’ prices and trading volumes rise simultaneously, it indicates strong market interest and momentum. This confirms bullish sentiment among the bonk traders and the possibility of continuing the upward movement.
If bullish pressure continues as the market waits for the ETF to be launched, Bonk can extend its profits in the coming days. Once the purchase activity is carried, it could potentially gather towards $0.000024.
However, once profits begin, Bonk may reduce some profits and plunge into $0.000020.
Plum
Layer 1 (L1) RWA-based coin plume is another Coingecko top gain to pay attention to in the second week of July. At the time of this writing, it traded at $0.116, up 36% over the past week.
Altcoin’s Rising Chaikin Money Flow (CMF) on the daily charts checks the strength of the rally. At press, it is above the zero line of 0.05, indicating significant demand for plumes.
The CMF measures volume-weighted pay flows in and out of assets over a specific period and measures trading pressure. If the value is positive, the pressure to buy outweighs the sales pressure. This confirms the accumulation of plumes, suggesting the possibility of a sustained gathering.
If bullish emotions are retained, the L1 coin could climb to $0.141 in the next few days.
Meanwhile, if demand weakens, plumes could drop to $0.095.
Moo Deng (Moodeng)
Pygmy Hippo-themed Meme Coin Moodeng is another Coingecko top gain to watch. It currently trades at $0.186, up 20% over the past seven days.
Moodeng’s relative strength index (RSI) measurements reveal the possibility of extended gatherings. At press, Meme Coin’s RSI is 57.20
The RSI indicator measures the market conditions for asset acquisitions and overselling. It ranges from 0 to 100. Values ​​above 70 suggest that the asset is over-acquired and paid for a price drop, while values ​​below 30 indicate that the asset is over-sold and may witness a rebound.
At 57.20, Moodeng’s RSI shows that the assets are gradually embarking on bullish territory. This confirms that continuous purchasing rights last without any signs of fatigue.
If this continues, Moodeng’s price could reach $0.234.
Conversely, if demand for Altcoin drops, it could reduce the price to $0.176.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always carry out your research and consult with an expert before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
