Thursday, December 8, 2022
 

ATOM, ADA, LINK Surges as Market Signals Good Weather in Past Week

  • Cosmos (ATOM) signaled a 22% hike in the past seven days.
  • ATOM surged the most among the top 50 cryptocurrencies by market capitalization.
  • ADA, LINK, and MATIC have also surged in the past week.

The crypto market had relatively performed well in the past seven days, with most of the coins signaling green in the past 24 hours. Among the top 50 coins by market capitalization, Cosmos (ATOM) had a great surge of 22.32% in the past week.

Currently, ATOM stands at the 22nd position in CoinMarketCap’s list of the biggest cryptocurrencies, with a market capitalization of over $3 billion. The coin trades at $12.63. However, at the time of writing, ATOM was trading slightly low by 0.58% in the past 24 hours.

ATOM/USDT-1-Day Trading Chart (Source: TradingView)

Taking a closer look at ATOM, the 20-day EMA shows multiple turbulence points where the coin frequently surged and dipped. One such point was on August 29, which led ATOM to hold on to the uptrend. Meanwhile, the 200-day EMA indicates that the coin could create vibrant turbulence that may break the moving average and head for another upsurge or down surge.   

Cardano (ADA) has also enrolled in the list of most surged coins. In the past week, the coin spiked by 13.79%. ADA’s current price is $0.4858, a 1.5% high in the past 24 hours. This intraday dip is in contrast to the past day’s surge.

ADA/USDT-1-Day Trading Chart (Source: TradingView)

ADA’s price is above the 9-period EMA and is expected to surge, according to crypto analysts. Essentially, the soon-to-be-launched Vasil upgrade is claimed to be the reason for the weekly price hike.

Adding on, Chainlink showed a 13.55% surge in the past week. At present, its intraday trading shows an all-time high of $7.286, which is equal to the last day’s highest value. As the coin escalates from the 9-day moving average, its price is expected to go up in the upcoming days if the market condition supports it. 

MATIC/USDT-1-Day Trading Chart (Source: TradingView)

Meanwhile, Polygon (MATIC) and NEAR Protocol (NEAR) soared by 13.37% and 11% in the last week, respectively. Although MATIC is climbing up, its intraday ATH is low compared to the value on September 2. Moreover, the price is not very close to the EMA 200, indicating more time for a further surge.

NEAR/USDT-1-Day Trading Chart (Source: TradingView)

NEAR is also currently trading low at $4.13 and is also down compared to the price tapped on September 2. The price of the coin is currently below the 9-Day moving average, but its intraday ATH just went above the zone.

Litecoin (LTC) also showed a hike of 10.7% in the past week, whereas Flow (FLOW) spiked by 10.3%. LTC’s price is in a unique pattern with less fluctuation since September 3. FLOW also signals red since the beginning of the month. But it entered the top list as it was on an uptrend in the last days of August.

More so, according to CoinMarketCap, Aave (9.52%), Polkadot  (8.64%), Filecoin (FIL) (8.06%), Ethereum (7.93%), Uniswap (7.7%), and Axie Infinity ( 6.54%) fueled up in the past week.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

  • Cosmos (ATOM) signaled a 22% hike in the past seven days.
  • ATOM surged the most among the top 50 cryptocurrencies by market capitalization.
  • ADA, LINK, and MATIC have also surged in the past week.

The crypto market had relatively performed well in the past seven days, with most of the coins signaling green in the past 24 hours. Among the top 50 coins by market capitalization, Cosmos (ATOM) had a great surge of 22.32% in the past week.

Currently, ATOM stands at the 22nd position in CoinMarketCap’s list of the biggest cryptocurrencies, with a market capitalization of over $3 billion. The coin trades at $12.63. However, at the time of writing, ATOM was trading slightly low by 0.58% in the past 24 hours.

ATOM/USDT-1-Day Trading Chart (Source: TradingView)

Taking a closer look at ATOM, the 20-day EMA shows multiple turbulence points where the coin frequently surged and dipped. One such point was on August 29, which led ATOM to hold on to the uptrend. Meanwhile, the 200-day EMA indicates that the coin could create vibrant turbulence that may break the moving average and head for another upsurge or down surge.   

Cardano (ADA) has also enrolled in the list of most surged coins. In the past week, the coin spiked by 13.79%. ADA’s current price is $0.4858, a 1.5% high in the past 24 hours. This intraday dip is in contrast to the past day’s surge.

ADA/USDT-1-Day Trading Chart (Source: TradingView)

ADA’s price is above the 9-period EMA and is expected to surge, according to crypto analysts. Essentially, the soon-to-be-launched Vasil upgrade is claimed to be the reason for the weekly price hike.

Adding on, Chainlink showed a 13.55% surge in the past week. At present, its intraday trading shows an all-time high of $7.286, which is equal to the last day’s highest value. As the coin escalates from the 9-day moving average, its price is expected to go up in the upcoming days if the market condition supports it. 

MATIC/USDT-1-Day Trading Chart (Source: TradingView)

Meanwhile, Polygon (MATIC) and NEAR Protocol (NEAR) soared by 13.37% and 11% in the last week, respectively. Although MATIC is climbing up, its intraday ATH is low compared to the value on September 2. Moreover, the price is not very close to the EMA 200, indicating more time for a further surge.

NEAR/USDT-1-Day Trading Chart (Source: TradingView)

NEAR is also currently trading low at $4.13 and is also down compared to the price tapped on September 2. The price of the coin is currently below the 9-Day moving average, but its intraday ATH just went above the zone.

Litecoin (LTC) also showed a hike of 10.7% in the past week, whereas Flow (FLOW) spiked by 10.3%. LTC’s price is in a unique pattern with less fluctuation since September 3. FLOW also signals red since the beginning of the month. But it entered the top list as it was on an uptrend in the last days of August.

More so, according to CoinMarketCap, Aave (9.52%), Polkadot  (8.64%), Filecoin (FIL) (8.06%), Ethereum (7.93%), Uniswap (7.7%), and Axie Infinity ( 6.54%) fueled up in the past week.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

 

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