In the past week, the market leader BTC has surged nearly 12%, and the broader market has displayed gains and remained bullish. This week’s top 10 crypto gainers are WIF, WLD, HNT, TAO, PEPE, JUP, INJ, AR, CORE, & ICP.
Based on its latest performance, the optimism in these gainers could lead to more gains on the daily chart. Let’s delve into the top gainers chart of this week and find what these cryptocurrencies could do next on the chart.
Dogwifhat (WIF) Technical Analysis On 1-D Time Frame
The WIF crypto has traded in a declining wedge for the past 4-months. The price made a peak on March 31st, 2024, at $4.85 and fell to $1.50 by July 11th, 2024.
With the broader market’s bullish sentiment, the price surged again from the lower border of the channel. It surged more than 65%, surpassing the previous swing high of $2.25. Thus, the price appeared to be approaching the upper border of the wedge, and the nearest targets were at $3.25 and $3.50.
Worldcoin (WLD) Technical Outlook
The WLD crypto showed more than 450% gains from the $2 support zone to $11.90 by March 10th, 2024. The price then fell into a wedge, and after a long deterioration, it reached the $2.0 support zone back by July 5th, 2024.
From the critical support, where a massive historical move was illustrated on the graph earlier, the price again showed a bullish presence from a similar level. When writing, the price rose more than 80% from the demand zone but faced interruption by the wedge’s upper border.
If it breaks the upper border, the pump could be epic on the chart, as previously witnessed. The resistance would be around $4.25 and $5.25.
Helium (HNT) Price Evaluation on the Daily Chart
The HNT crypto had shown massive gains of more than 650% after the consolidation that ended in November 2023. From as low as $1.5, it went all the way to the high of $11.149.
However, the high was very volatile, as bears pushed the price down, where the candle closed at $10.0. Bearish pressure was so intense that the price formed a lower low structure from the peak.
A supply region was developed at $9.55 during the process. The bears took control more harshly and smashed the price to a critical support zone at $2.94.
The HNT price showed nearly 40% growth from the demand zone at the time of writing. It seemed to be heading to retest the hurdle at $5.825. Once that level breaches, the price could seek to retest the supply region of $9.55.
Bittensor (TAO) Price Structure Overview
From January 8th, 2024, to March 7th, 2024, the TAO price jumped more than 290%, accelerating massively from $193 to $756. However, the price encountered a supply zone and failed to harness further gains on the daily chart.
The deterioration from the supply, after failing to surpass $756, took the price into bear’s control. Nonstop lower low formation took the TAO price back to the initial demand zone in the next 4 months by July 5th.
However, the price again surged with the broader market bullish sentiment and rose more than 65% in the past two weeks. It showed nearly 38% growth in the past 1 week.
The TAO price managed to break the upper border of the channel, and it appeared like a bullish pattern, precisely the falling wedge’s breakout. Therefore, if the breakout continues, the upper targets lie around $370 and $430, respectively.
PEPE Technical Chart Explanation On Daily Chart
The PEPE price showed the most remarkable price structure ever, creating two all-time highs (ATH) on the daily chart. The first ATH was witnessed at $0.000010800, and the second at $0.00001717.
The PEPE price on the daily chart has been forming a broadening upward wedge. From the lower border of the pattern, the price has displayed nearly 35% gains. There, it showed a struggle near its previous swing high at press time. Therefore, once surpassed, the price could aim to retest the supply and the upper border.
Jupiter (JUP) Price analysis!
After surging more than 320% on the daily chart, the JUP price registered an all-time high peak at $1.91. Due to unstable gains, the deterioration began in a wedge, where bears took further advantage. The price plunged more than 65% from its peak and landed on the lower border of the wedge.
When writing, the price broke above the upper border of the channel and moved past the previous swing high of $0.8876 on the daily chart. It seemed to be a bullish pattern, precisely the falling wedge’s breakout.
So, if the breakout continues, the upper targets lie around $1.059 and $1.302, respectively.
Technical evaluation of the Injective Protocol (INJ) price
The INJ crypto had witnessed more than 600% growth after the consolidation that ended in October 2023. From a low of $7, it peaked at $52.72 by March 13th, 2024.
However, bears pushed the price down from the peak, and a major supply was formed at $52. Bears’ pressure was so intense that the price shattered all the attempts made by bulls along the way.
The bears took major control from $44 and threw the INJ price towards a support zone at $16.
As of writing, the price displayed more than 50% growth from the demand zone and headed to retest the hurdle at $32. Once that hurdle breaches, the price could seek to retest the hurdle at $44.
Arweave (AR) Price Structure on Daily Time Frame
From October 20th, 2023, to March 9th, 2024, in the span of 141 trading bars, the AR price showed spectacular gains of more than 1000% on the daily chart. It jumped from $4 to $47.59, which appears huge for Arweave (AR).
After plunging from $47.59, the AR price reached the $20 support zone by mid-April 2024. It bounced back, and a new all-time high was created on the daily chart at $49.59 by mid-May 2024.
However, the instability gave bears a chance to step in, which pushed the price back to the support zone of $20 by July 5th.
In the past 2 weeks, the Arweave token price has displayed another attempt to rise, which seemed to be on the play on the chart. In the past 2 weeks, it showed nearly 50% growth; in the past week, it showed more than 25% growth.
As of writing, the price has moved past its previous swing high of $29; in further ascent, the hurdles could lie around $36.0 and $44.0
CORE Technical Snapshot
The CORE crypto started 2024 with consolidation, where it broke its silence after an extraordinary surge of more than 800% on March 20th. It peaked from $0.55 to $4.34 in a mere 12 days by April 6th, 2024.
Afterward, the CORE price deteriorated under the direct influence of dynamic trendline resistance. By July 5th, it reached $0.85 support.
However, the broader market and BTC influenced the crypto asset. Thus, CORE surged more than 65% and broke the trendline resistance. If the breakout continues surging, it could face interruptions around $1.60 and $1.90.
Internet Computer Price Overview On Daily Chart!
Internet Computer (ICP) has shown more than 600% gains and reached $21.15 by March 27th, 2024. However, the price dipped in a wedge due to instability and reached $6 by July 5th, 2024.
With resonance to the broader market, the price of ICP surged beyond the previous swing high of $8.5 and dynamic trendline resistance. The resistance in the course lies at $11.0 and $13.0.
