The past week has seen a notable surge in crypto trading activity, fueled by improving market sentiment and investor confidence. This uptick is reflected in the 3% increase in the global crypto market capitalization over the last seven days.
As attention returns to altcoins, several lesser-known tokens have emerged as standout performers. According to Coingecko’s data, here are three top gainers to keep an eye on for the third week of July:
Epic Chain (EPIC)
EPIC has surged by 155% over the past week and is currently trading at $2.50. On the daily chart, the altcoin’s Elder-Ray Index has consistently printed prominent histogram bars over the last four days, indicating strong accumulation by market participants.
The indicator stands at 2.28 at press time, reflecting sustained bullish momentum.
The Elder-Ray Index measures the strength of bulls and bears in the market by analyzing the difference between an asset’s price and its exponential moving average (EMA). A positive Elder-Ray reading occurs when the bulls are dominant, meaning the price is trading above the EMA, indicating strong buying momentum.
This suggests that EPIC buyers are in control and may continue to push prices higher in the short term. In this scenario, the altcoin could rally above $2.63.
However, if demand plunges, EPIC could reverse current gains and fall to $2.21.
Mango Network (MGO)
Layer-1 (L1) coin MGO is another top gainer to watch this week. Trading at $0.0272 at press time, the altcoin is up by 128% over the past week.
MGO’s triple-digit rally today has pushed its price above the 20-day exponential moving average (EMA). This key moving average now forms dynamic support below the token’s price at $0.017.
The 20-day EMA measures an asset’s average price over the past 20 trading days, giving weight to recent prices. When price trades above the 20-day EMA, it signals short-term bullish momentum and suggests buyers are in control.
MGO could extend its rally to trade at $0.029 if this continues.
However, if profit-taking resumes, the coin’s price could fall below $0.026.
ZORA
ZORA is one of the top crypto gainers to watch this week. At press time, the token trades at $0.0211, up by almost 90% in the past seven days.
Over the past 24 hours, ZORA has noted 40% gains. During the review period, the token’s trading volume surged by 293%, reaching $161.17 million. The increase in the token’s price and trading volume indicates strong bullish momentum and heightened investor interest.
This trend suggests that market participation is backing the price rally. If it continues, ZORA’s price could breach $0.0215 and climb toward $0.0253.
On the other hand, if demand declines, the altcoin’s value could fall to $0.0186
The post 3 CoinGecko Top Gainers to Watch for the Fourth Week of July appeared first on BeInCrypto.
