As we advance towards the 2nd week of July, the broader cryptocurrency market seems to be recovering after a strong downturn in the last week. The previous week, the crypto markets experienced intense selling pressure after Bitcoin fell below the $60K mark.
However, despite a bearish trajectory in the broader markets, a few cryptocurrencies held firmly and were less affected by the market crash. Those cryptocurrencies formed a new high in tandem with the market’s rebound.
Mog Coin, Notcoin, and MANTRA emerged as top 3 Cryptocurrencies picks, according to our analysts, and are all set to skyrocket in the upcoming sessions. These cryptocurrencies stayed solid in the bearish market and resumed higher as the market took a bounce.
Mog Coin Edges Closer to It’s All-Time High
Mog Coin price is on a three-day gaining streak and has inched closer to its all-time high (ATH) value. When writing, the MOG price was up over 8.8%, trading close to $0.00000164. It has a live market capitalization of $589.9 Million and ranks 98th in the cryptoverse.
The MOG price analysis highlights a bounce back from the 50-day Exponential moving average. The short-term and long-term trend outlooks are bullish at the moment.
The key EMAs of 20, 50, and 200 days act as dynamic support for the cryptocurrency.
Currently, the price was headed higher towards the recent swing of $0.00000185, which, if broken, may unlock a price potential of nearly 40% on the higher side till the $0.00000254 level.
Notcoin May Break Out of a Correction Phase
Notcoin, which began as a popular Telegram game, has successfully introduced numerous users to web3 via a simple tap-to-earn mining feature.
As a community-driven token, NOT rewards users contributing to the ecosystem and exploring a variety of web3 offerings. Its market capitalization at the time of writing was $1.62 Billion, and it ranked 51st among all the cryptocurrencies.
The daily chart highlighted the formation of a declining channel pattern, with the price hovering close to the upper boundary at press time. On the higher side, a breakout above $0.017 might mark the end of a correction phase, and the price may show gains towards the $0.023 level.
When writing, the RSI line has surpassed the mean line, indicating a positive shift in the trend. The RSI was close to 54.3 points, and the 14 day SMA line was close to 46.5 points.
MANTRA Could Retest the Upper Supply Zone
MANTRA, prioritizing security, is a Real-World Asset (RWA) Layer 1 Blockchain designed to comply with and enforce real-world regulations. Tailored for institutions and developers, MANTRA provides a permissionless infrastructure for applications requiring permissioned environments.
From a technical point of view, the MANTRA price hovered above the key exponential moving averages of 20 and 50-day EMA at press time. That suggested a positive trend prevailing. The price may continue rising, forming higher lows and higher highs.
The $1.04 mark stood as a potential supply zone on the higher side at press time. A breakthrough above this level could confirm a bullish trend continuation, potentially leading to further price increases.
Conversely, if the OM price suffers, it may slide back towards the $0.70 support level.
