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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.
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
