Despite a cool-off in crypto market sentiment after the Bitcoin(BTC) price rally failed to breach the $72,000 resistance, some coins have still been rallying. According to CoinMarketCap data, these top three gainers were Bittensor (TAO), Kaspa (KAS), and Dogwifhat (WIF).
The Bittensor (TAO) 24-hour price chart shows a significant uptrend throughout the day. The price of TAO increased by 10.92%, closing at $482.08. The trend appears strong, with multiple higher highs and higher lows. Amid this rally, there were periods of consolidation and pullbacks, indicating intraday volatility; however, bulls maintained an overall upward trajectory.
During the pullback, the $429.06 level acted as a strong support during the initial trading hours. The price tested this level but did not break below it, suggesting strong buying interest at this price point. Concurrently, around the $450 level, the price showed consolidation and minor pullbacks, indicating it was intraday support where buyers stepped in to prevent further declines.
TAO’s market capitalization and 24-hour trading volume rose by 12.72% and 17.30%, respectively, to $3,287,205,880 and $77,264,173.
Coming second on top gainers, the Kaspa (KAS) chart displays an overall uptrend for Kaspa (KAS) throughout the day, with the price increasing by 6.76% to close at $0.1419. The price action shows a series of higher highs and higher lows, confirming the upward trend. During the rally, the $0.142 level emerged as a resistance towards the end of the observed period.
The price tested this level but initially struggled to break through it, indicating strong buying pressure. Subsequently, the $0.140 level acted as an intermediate resistance, with the price testing and pulling back from this point before finally breaching it.
At press time, KAS was trading at $0.142, a 7.89% surge from the intra-day low of $0.1319. This level acted as a strong support and was not breached, providing a base for the subsequent upward movement.
KAS’s market capitalization and 24-hour trading volume also surged by 7.59% and 29.97%, respectively, to $3,367,627,455 and $63,756,657.
Dogwifhat (WIF) came in third on the top gainers. The uptrend soared the price to a 7-day high of $3.25, where resistance was stiff. At press time, WIF was trading at $3.01, a 5.69% surge from the intra-day low.
During the rally, the $3.10 level emerged as resistance towards the middle of the observed period. The price tested this level but initially struggled to break through, indicating high buying pressure. Subsequently, the WIF intra-day low of $2.81 acted as strong support and was not breached, providing a base for the subsequent upward movement.
With the bullish surge, WIF’s market capitalization and 24-hour trading volume jumped by 5.01% and 69.60%, respectively, to $3,009,382,787 and $1,379,890,348.
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