The new week kicks off on a bullish note for crypto markets, with global market capitalization climbing by over 1% in the past 24 hours.
Top coin Bitcoin leads the charge as it reclaims the $109,000 price level and is now eyeing a push toward the key $110,000 resistance zone. This renewed momentum is sparking increased trading activity across the board, pushing up the value of several altcoins. Here are the top performers on CoinGecko to watch this week
BONK
The Solana-based dog-themed memecoin, BONK, is back in the spotlight with impressive gains to start the week. The altcoin trades at $0.000022, noting a 50% price hike over the past seven days.
Mounting speculation around a potential 2x leveraged BONK ETF fuels this momentum. Tuttle Capital Management confirmed July 16 as the earliest possible launch date, pending regulatory approval.
This development has reignited investor interest in BONK, driving up its trading volume and price action. Over the past day alone, the meme coin’s trading volume is up by more than 75%, exceeding $1 billion as of this writing.
When an asset’s price and trading volume rise simultaneously, it signals strong market interest and growing momentum. This confirms the bullish sentiment among BONK traders and the potential for continued upward movement.
If bullish pressure persists as the market awaits the launch of the ETF, BONK could extend its gains over the next few days. It could rally toward $0.000024 if buying activity carries.
However, if profit-taking commences, BONK could shed some gains and plunge to $0.000020.
PLUME
Layer 1(L1) RWA-based coin PLUME is another Coingecko top gainer to pay attention to in the second week of July. As of this writing, it trades at $0.116, climbing by 36% over the past week.
The altcoin’s rising Chaikin Money Flow (CMF) on the daily chart confirms the rally’s strength. At press time, it sits above the zero line at 0.05, indicating significant demand for PLUME.
The CMF measures the volume-weighted money flow into or out of an asset over a specific period, helping gauge buying or selling pressure. When its value is positive, buying pressure outweighs selling pressure. This confirms PLUME accumulation and hints at the likelihood of a sustained rally.
If bullish sentiment holds, the L1 coin could climb toward $0.141 over the next few days.
On the other hand, if demand weakens, PLUME could decline to $0.095.
Moo Deng (MOODENG)
The pygmy hippo-themed meme coin MOODENG is another Coingecko top gainer to watch. It currently trades at $0.186, climbing 20% in the past seven days.
Readings from MOODENG’s Relative Strength Index (RSI) reveal the likelihood of an extended rally. At press time, the meme coin’s RSI is at 57.20
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
At 57.20, MOODENG’s RSI signals that the asset is gradually venturing into bullish territory, with room for further upside before becoming overbought. This confirms that ongoing buying interest persists without signs of exhaustion.
If this continues, MOODENG’s price could reach $0.234.
Conversely, a dip in demand for the altcoin could push its price down to $0.176.
The post 3 CoinGecko Top Gainers to Watch for the Second Week of July appeared first on BeInCrypto.