In a surprising turn of events, the cryptocurrency market has rebounded sharply this week, offering a glimmer of hope to investors. Leading the charge are Mog Coin, Celestia, and MANTRA, each boasting impressive gains of nearly 40% over the past seven days. These top performers are not just riding the wave; they are setting new benchmarks in the crypto space. Mog Coin, for instance, has captivated the market with its unique mission to dominate the meme world, skyrocketing by 41.9% in just a week. As the market shows signs of recovery, these top 10 crypto gainers could be the key to strengthening your portfolio.

Mog Coin (MOG)

Mog Coin (MOG) leads the list of top gainers with its mission to dominate the internet with the most hilarious and mind-blowing memes. It aims to revolutionize the meme world with its unapologetic passion for memes and viral content.

MOG has outperformed several cryptocurrencies in the short term, with a 41.9% price jump in a week. Its strong performance is further underscored by its trading 136% above its 200-day Exponential Moving Average (EMA) of $0.00000076, suggesting bullish momentum.

Furthermore, the liquidity is moderate, with a 5.35% volume-to-market-cap ratio, supported by a 24-hour volume of $35.86 Million. The Relative Strength Index (RSI) of 62.8 indicates a bullish trend. MOG stands at a robust yearly gain of 13,329%.

Celestia (TIA)

In recent developments, Celestia (TIA) has shown a noteworthy rise of nearly 40.1% in the last seven sessions, reaching $6.77. Despite this rise, it remains 34% below its 200-day EMA of $10.5, suggesting bearishness could appear over the longer term.

The RSI at 51.48 suggests a slightly bullish market sentiment, implying a potential surge. Over the past month, TIA has been down nearly 24.1%. However, a 40% rise a week has helped the cryptocurrency erase some of its losses.

MANTRA (OM)

The daily chart reveals that MANTRA (OM) breached a crucial resistance level, surpassing the $1 mark during intraday trading at press time. MANTRA was up over 12.3% a day and traded close to the $1.07 level.

It ranks 73rd in the cryptoverse with a market capitalization of $881.74 Million at press time. The trading volume has surged by 764% to $181 Million a day, indicating a heightened demand. The volume-to-market cap ratio was 7.65% at press time, suggesting mild volatility.

Notcoin (NOT)

Notcoin (NOT) began as a popular Telegram game, introducing numerous users to web3 through a tap-to-earn mining feature. The NOT token serves as a community currency for the game.

Users can earn NOT by exploring web3 products, contributing to the ecosystem, and participating in various new games to increase their earnings.

In recent developments, NOT reflected bullish momentum and surpassed the 20 and 50-day EMAs, indicating a possible trend shift. The EMAs may now act as a dynamic support level.

Furthermore, the daily chart highlights the formation of a bullish flag or a declining parallel channel pattern. Currently, NOT is near the upper boundary of the channel and may break out soon. On the higher side, short-term profit booking may occur near $0.023 after a sustained breakout.

Bonk (BONK)

Bonk (BONK) is touted as the first dog-themed coin on Solana, created “for the people, by the people.” Half of its total supply (50 trillion coins) has been airdropped to the Solana community.

Bonk, priced at $0.000022, saw a surge of nearly 10% a week. It has a live market cap of $1.55 Billion and a 24-hour volume of $340.1 Million. The RSI, which is at 47.9, suggests a neutral to bullish market sentiment.

Having 14 green days in the past 30 (50%) sessions shows better short-term performance. However, Bonk is trading 7.54% above its 200-day EMA of $0.0000209, indicating a bullish trend.

MultiversX (EGLD)

MultiversX (EGLD) is a blockchain protocol designed for true horizontal scalability, utilizing comprehensive sharding techniques (Network, Transaction, and State). The project positioned itself as a technology ecosystem for the new internet, encompassing decentralized finance, real-world assets, and the Metaverse.

In recent developments, MultiversX (EGLD) has been on a recovery after a sharp crash. The price surpassed the 50-day Exponential moving average, indicating the rising interest of the buyers and early confirmation of a bullish reversal.

However, at the time of writing, EGLD was trading nearly 17.35% below the 200-day EMA at $42.58, highlighting a bearish trend. Now, if the price breaks below the 50-day EMA, it may head for a new low. Conversely, if it gets the buyers back and heads closer to the 200-day EMA, it may suggest further recovery.

VeChain (VET)

The daily chart highlighted a bearish trend, with the price at a crucial zone at press time. The recent sessions saw a pullback that took the price to the 50-day EMA.

If selling pressure intensifies, VET may resume being bearish, and its price may slide towards the lows. However, if the sellers fail to drag the price lower, it may encourage buyers to keep thirsting for more above the $0.287.

Aave (AAVE)

When writing, the daily chart highlighted the formation of a descending triangle pattern. The price rebounded from the demand zone and headed for the upper trendline resistance. VET has been in a correction phase and might continue to maintain it until it makes a breakout or breakdown.

Now, if the daily chart shows a breakout of the upper trendline resistance, it may validate the termination of a correction phase. On the contrary, if the price suffers rejection from the higher levels and showcases a breakdown, it may continue its journey towards the lows.

Stacks (STX)

STX was hovering below the 50-day and 200-day EMAs, highlighting a bearish trend in the long run. However, the recent pullback has driven the price above the 20-day EMA.

If the STX price keeps moving forward and registers its presence beyond the 50-day EMA, It may validate a bullish reversal. On the flip side, if the price suffers rejection, it may indicate a bearish continuation, and STX may loom towards the $1 level.

dYdX (DYDX)

The dYdX Chain is a proof-of-stake blockchain network built using the Cosmos SDK and leveraging CometBFT for consensus. The DYDX token serves as the L1 protocol token for the dYdX Chain, as determined by the dYdX community through governance.

dYdX failed to attract investors after a sharp fall. The daily chart highlighted the formation of several weak and indecisive candles at press time, indicating the loss of buyer interest. The dYdX price is struggling near the 20-day EMA.

Now, if the price suffers rejection near the 20-day EMA and selling pressure exceeds, the dYdX price may slide towards the lower demand of $1 level. However, if the bulls overcome the 50-day EMA at $1.57, it may continue to surge.

Summary

The cryptocurrency market has shown resilience this week, with several top gainers making significant strides. Mog Coin, Celestia, and MANTRA have led the charge, demonstrating strong bullish

The author does not own or have any interest in the securities discussed in the article.