Top Cryptos This Week: SEI, ORDI, BONK, AR, MOG, FTM, IMX, SUI, OM, GALA

Cryptocurrencies have increasingly become a prominent asset and investment option in recent years. As more traders and investors engage with the crypto market

Top Cryptos Price Overview Chart | Source: Tradingview

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As the cryptocurrency market continues to exhibit strength and resilience, several digital assets have demonstrated exceptional performance over the past week. In this analysis, we will identify the best-performing cryptocurrencies and explore the technical and fundamental factors that could sustain their impressive runs in the upcoming week.

By understanding these trends and the potential for further growth in these digital assets, we can gain valuable insights into the likely future movements of these cryptocurrencies.

SEI price analysis: preparing for the next leg up?

The market capitalization of the SEI token has advanced by 13% in just the last 24 hours from the press time. It is now touted as the 78th largest cryptocurrency in the global crypto market and has a market cap of $859.029M.

The token’s price has broken out above a falling wedge pattern on the daily chart with strong volume. The following behavior of the token price shows a higher possibility of a further surge in the token price.

Ordinals price analysis: a breakout in sight?

According to analysts, the token’s sentiment is neutral, while the Fear and Greed Index is at 74, indicating greed among investors. This suggests that buyers are willing to purchase the token at higher prices.

For the past five months, ORDI has been confined within a falling wedge pattern, resulting in declines to new lows. The daily chart of ORDI reveals a consistently lower low structure, indicating a persistent downward trend.

However, if the price of the token breaks above the falling wedge and sustains this position, particularly with a significant increase in trading volume, it could signal the beginning of a strong uptrend. Such a breakout would suggest the potential for a robust price rally in the future.

BONK price analysis: forming a double top at higher levels

The coin’s supply inflation is high at 44.55%, with a circulating supply of 68.877 trillion BONK. Additionally, the token’s total supply is 92.913 trillion, resulting in a fully diluted market cap of $2.885 Billion.

The price chart recently displayed a double-top formation at higher levels, initially causing a decline. However, after this dip, the price found support at the dynamic trendline and subsequently broke above the crucial resistance level.

The cryptocurrency is experiencing buying pressure following its rebound from the dynamic trendline. This rebound has formed a bullish candlestick pattern, indicating potential upward momentum.

Arweave price analysis: bullish engulfing at key support levels

In recent days, the market capitalization of the Arweave token has shown notable growth, reaching a peak of $2.08 Billion. This advancement has propelled Arweave to the 47th position on CoinMarketCap’s rankings.

The token currently holds a market presence of 0.09%, reflecting its significant standing in the cryptocurrency market.

Arweave (AR) has established a base at lower price levels and is now experiencing renewed buying interest. A significant level of change in character was identified around $30.50, which has recently been surpassed.

Should the token maintain its position above these higher levels, it could signal the beginning of a robust uptrend. Continued price stability at elevated levels may further bolster the potential for an upward market movement.

Mog Coin price analysis: forming new all-time highs after a breakout

The price volatility of the coin is notably high, currently at 26.57%. This elevated volatility could lead to unpredictable fluctuations in the trading price. Additionally, the fear and greed index remains neutral, indicating a state of uncertainty among investors and traders regarding the coin.

On the daily chart of Mog Coin, higher high swings can be seen, leading to a consistent price surge. The following behavior of the coin’s price has led to the formation of a rising pattern.

The coin recently broke above the wedge pattern with a strong surge in volume and momentum. Also, the price broke above its all-time high, forming a new ATH.

Fantom price analysis: lower lows forming on the daily time frame

The circulating supply stands at 2.803 billion FTM. This figure represents the number of active market tokens available for trading and transactions, which is crucial in determining market dynamics and liquidity.

The daily chart of the FTM token reveals a consistent sell-off over the past few months. This persistent decline has led the token to form lower lows, underscoring a strong downtrend. The price has fallen below crucial support levels, and temporary support has been found at an unmitigated swing level.

Immutable price analysis: forming a strong downtrend after a sell-off

The market cap of the Immutable token has advanced by 4.0% in the last 24 hours from the press time. It is now touted as the 44th largest cryptocurrency and has a market cap

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