Shiba

Akash Network

Shiba Inu

PEPE

The PEPE

<p>Due to the drop in traders’ sentiments, the market’s condition is also declining. The global market cap has dropped to $2.41 Trillion, and the <a href="https://coingape.com/blog/what-is-crypto-fear-and-greed-index-how-does-it-work/" rel="noopener noreferrer nofollow">fear and greed index</a> has sunk to 53. The 24-hour trading volume is also on the low side with $ 72.8 billion, and <a href="https://coingape.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin price</a> has declined to $66,198 and much more. However, a few cryptos have indicated the signs of recovery despite the bearish conditions.</p>
<p>In this blog, let us discuss the top cryptos that might recover this week.</p>
<h2 id="akash-network-akt">Akash Network (AKT)</h2>
<p>The recovery journey has begun for the Akash network as it has gained an 8% hike in the 24 hours. AKT’s decline started even before the rest of the cryptos faced a downward push. It has been declining for weeks now, losing 40% of its value in the month interval. However, that is about to change as the network activity has increased, pushing the trading volume by 183% to $47,525,537.</p>
<p>The technical indicators and moving averages indicate a strong buying zone. Moreover, the <a href="https://coingape.com/glossary/rsi-relative-strength-index/" rel="noopener noreferrer nofollow">Relative Strength Index (RSI)</a> is 57.543, which is an indication of buyers’ dominance. Additionally, in the last three months, Akash Network has attempted two peaks to surge to the all-time high of $8.08 set three years ago. The closest it moved to the ATH was the target of $6.19 in March. A similar rally is expected for this month as well.</p>
<h2 id="shiba-inu">Shiba Inu</h2>
<p>Shiba Inu enthusiasts are on hold for the much-awaited rally. Despite being the most favored meme coin, SHIB did not accomplish the all-time high target of $0.00008845, set three years ago. The ongoing decline has pushed the <a href="https://coingape.com/price/shiba-inu/" rel="noopener noreferrer nofollow">Shiba Inu price</a> to $0.00002088, which is 75% away from the ATH. Though the target is huge, the SHIB price has begun lifting slowly with the increasing number of transactions on the network. It now has a trading volume of $482.1M after a 41% surge.</p>
<p>The technical indicators hint at the strong buying zone for Shiba Inu, with the <a href="https://coingape.com/education/simple-moving-average-how-to-leverage-it-in-crypto-market/" rel="noopener noreferrer nofollow">Simple Moving Average</a> (5,10) indicating the same. It will be among the first few cryptos to recover from this market drop.</p>
<h2 id="pepe-pepe">Pepe (PEPE)</h2>
<p>PEPE is among the most demanding cryptocurrencies from the start, especially because of 829% gains in the last six months, putting it in the top 25 cryptos on <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/">CoinmarketCap</a>. The hype peaked in May when it rose to new heights continuously before facing a downtrend. The <a href="https://coingape.com/price/pepe-coin/" rel="noopener noreferrer nofollow">PEPE price</a> is $0.0000121, slowly moving down the ATH peak, but the bulls have made their presence in the market again, with investors raising the trading volume by 16% to $969.61M. The technical indicators speak of dominating buyers in the market. Moreover, the simple (5,10,20)and exponential averages (5,10) are inclined toward buying pressure.</p>
<p>The ongoing crypto market drop might continue for some time, but not all cryptos have followed the downtrend. A few cryptos like AKT have already begun the upsurge to recover.</p>
<p>Continue Reading <a href="https://coingape.com/trending/4-altcoin-to-hit-all-time-high-next-buy-now/" rel="noopener noreferrer nofollow">4 Altcoin To Hit All-Time High Next; Buy Now</a></p>
<p>The post <a href="https://coingape.com/trending/3-top-cryptos-that-might-recover-this-week/" rel="noopener noreferrer nofollow">3 Top Cryptos That Might Recover This Week</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

3 Top Cryptos That Might Recover This Week

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