Decentraland

Read

Mog Coin

Stellar

Coin

<p class="is-style-lead">The cryptocurrency market staged a mild recovery last week. Despite Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) facing initial setbacks at the start of the week, it eventually recovered some lost ground, granting strength to the rest of the market.</p> 
<p>Some altcoins recorded impressive and more robust recoveries. This resulted in the global cryptocurrency market recouping $70 billion, eventually ending the week at $2.21 trillion total market cap.</p> 
<p>Here are our top picks for cryptocurrencies to watch this week on the back of their impressive performances in the previous week:</p> 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14284695"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/07/MOG-Coin-MOG-14.31.56-14-Jul-2024-1024x347.png.webp"> 
  <img loading="lazy" decoding="async" width="1024" height="347" src="https://crypto.news/app/uploads/2024/07/MOG-Coin-MOG-14.31.56-14-Jul-2024-1024x347.png" alt="XLM, MOG, MANA: Top cryptocurrencies to watch this week - 20"> 
 </picture> 
 <figcaption class="wp-element-caption">
  MOG, XLM and MANA prices – July 14 | Source: Santiment
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="xlm-reclaims-0-1-in-12-gain">XLM reclaims $0.1 in 12% gain</h2> 
<p>Stellar (<a href="https://crypto.news/price/stellar/">XLM</a>) was also a victim of the July 7 bloodbath, but it limited its drop to a 7.40% loss. The asset then gradually recovered this loss in the five days that followed, witnessing mild gains by July 12.</p> 
<p>Interestingly, XLM’s bullish momentum <a href="https://crypto.news/stellars-xlm-token-forms-bullish-divergence-but-risks-remain/">gained steam</a> on July 13, as it followed its competitor XRP’s trajectory. The token appreciated 12.05% on July 13, eventually reclaiming the $0.1 mark for the first time in a month.</p> 
<p><a href="https://app.santiment.net/charts/gc19fpQI__sCl" target="_blank" rel="">Data</a> from Santiment confirms a spike in Stellar’s weekly volatility to a one-month peak of 0.066. In addition, the asset’s MACD line has decisively crossed above the Signal line, confirming the bullish momentum. However, investors should closely watch the resistance at $0.1096, aligning with the 38.2% Fibonacci retracement level.</p> 
<p> You might also like: <a href="https://crypto.news/genesis-moves-760m-btc-to-coinbase-amid-sell-off/"> Genesis moves $760m BTC to Coinbase amid sell-off </a> </p> 
<h2 class="wp-block-heading" id="mog-retests-ath">MOG retests ATH</h2> 
<p>Mog Coin (MOG) witnessed intense bearish pressure at the start of last week, collapsing by 20.4% on July 7 as BTC battled selling pressure <a href="https://crypto.news/germany-transfers-40-million-bitcoin-ongoing-sell-off/">bolstered</a> by the German government. This marked MOG’s biggest intraday loss in nearly four months.&nbsp;</p> 
<p>However, the crypto asset recovered these lost values over a three-day period of sustained gains. From July 8 to 10, MOG increased by 28.8%. The asset then consolidated over the next three days with mild drops and upswings.</p> 
<p>Overall, <a href="https://crypto.news/mog-coin-price-prediction-2024-as-mog-tops-memecoin-gainers/">Mog Coin</a> closed the week with a mild 3.5% increase. During this period, it sought to retest the all-time high of $0.000002129, but faced resistance at $0.0000019. MOG’s immediate target is to flip the upper Bollinger Band at $0.000001925 to support, a move it could leverage for another retest of the ATH region.</p> 
<h2 class="wp-block-heading" id="mana-struggles-at-20-day-ema">MANA struggles at 20-day EMA</h2> 
<p>Decentraland (<a href="https://crypto.news/price/decentraland/">MANA</a>) witnessed an initial 6.10% drop on July 7, but recouped this loss over the rest of the week. Interestingly, MANA saw six consecutive days of intraday gains from July 8 to 13.</p> 
<p>The asset eventually breached the 20-day EMA, a move that solidified a switch in momentum to bullish. However, its relative strength index (RSI) suggests reduced strength in the uptrend. Consequently, bears are looking to flip the 20-day EMA back to resistance.</p> 
<p>This level is worth watching out for, as a drop below it could lead to a return in bearish pressure. Should this occur, MANA’s immediate defense would rest at the Fibonacci 0.236 level at $0.3085. This region is pivotal in defending against any declines below the $0.30 psychological support.</p> 
<p> Read more: <a href="https://crypto.news/aave-rallied-25-in-7-days-despite-fewer-holders/"> Aave rallies 25% in 7 days, 5% in past 24 hours despite fewer holders </a> </p>

XLM, MOG, MANA: Top cryptocurrencies to watch this week

Inhaltsverzeichnis

crypto.news

Weitere Artikel, die am 14. Juli 2024 veröffentlicht wurden

Diving Dogwifhat, Stumbling IoTex, Yet MoonBag Coin Soars with Golden Wings: A Tale of Profitable...

BlockchainReporter Weekly News Review: Major Developments in the Crypto World This Week

Machi Big Brother’s Binance Sell-off Triggers BLUR’s 7% Price Decline

🚀 GoMarket Weekly #18

Spot Bitcoin ETFs Surge: Record $310 Million Inflows on Strongest Day Since June

Top Mathematician Predicts 150X Bitcoin Gains, Sets $1 Million Target for 2034

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!