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- Klaytn Crypto is the top gainer of the week in cryptocurrency.
- The MATIC price has surged by 31.52% in a week, which may flip the trend.
- BTT price has triggered a breakout from the channel and reached the 200-day EMA.
The top crypto gainers of the week are Klaytn, MATIC, and BitTorrent. However, the Bitcoin price has remained in the consolidation phase. Despite the consolidation phase of cryptocurrency, these coins have performed well this week.
KLAY Price Technical Analysis on 1-D Timeframe
At press time, the Klaytn crypto was traded at $0.169, which dropped by 1.62% in the past 24 hours. It has a market capitalization of $644.08 Million and a 24-hour trading of $11.55 Million.
After good selling pressure, the Klaytn price showed bullish momentum at the bottom. It has surpassed the 20-day EMA and has extended to the 200-day EMA by triggering a breakout from the upper trendline.
Strong buying pressure can be anticipated if the digital asset price starts trading over the 200-day EMA. The price over the 200-day EMA would be a sign of change in the trend.
On the other hand, if the KLAY crypto price fails to overcome the 200-day EMA, sellers may dominate for a longer time. Suppose the price slips below the upper trendline. It may turn into a fake breakout, leading to a sharp selling.
Turning to the technical indicators, the MACD has generated a bullish crossover with the signal line. The histograms have flipped to green.
MATIC Price: Are Buyers Taken Over the Trend?
Since March, the MATIC price has been declining by forming lower lows and lower highs. The price has sharply moved from the lower low territory and has extended to the lower high zone.
As per the chart structure, the price has overcome the lower high zone and has reached the last swing high. If the price manages to exceed the 200-day EMA, it would be a buying opportunity.
Alternatively, sellers may show interest if the price shows weakness near the last swing high zone. If the price slips below the 20-day EMA, sellers may be eyeing for a new lower low.
Based on the technical indicators, the RSI is 65. It has exceeded the RSI-based moving average and has rapidly recovered from the oversold zone.
BTT Price Has Triggered a Breakout; Will It Keep Surging?
BitTorrent crypto was being traded at $0.000000919 at press time, dropping by 2.36% in the past 24 hours. The market capitalization is $2.46 Billion, and the 24-hour trading volume is $85.45 Million.
The price has been falling through a descending channel, triggering a breakout. Suppose the BTT price surpasses the 200-day EMA, and buying pressure can be seen in the long term.
On the other hand, if the digital asset price drops below the upper trendline, it would be a selling opportunity. It could be difficult for the buyers to bounce back once the price slips below the 20-day EMA.
The top crypto gainers of the week are KLAY, MATIC, and BTT, which have performed positively even in the consolidation phase. Klaytn crypto has remained the week’s top gainer with a surge of 32.61%, followed by MATIC and BTT.
Klay crypto price has generated a bullish momentum after the bearish momentum. According to the technical analysis, the MATIC price seems to be ready for a massive surge after the reversal.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
