The market leader, BTC, has increased more than 8% in the past week. The larger crypto market has displayed gains and remained bullish in correlation to market leaders. This week’s 3 top crypto gainers are MATIC, KLAY, & FET.
Based on these 3 assets’ latest performance, further enthusiasm in these gainers could display more green candles ahead on the daily chart. Let’s delve into the top crypto gainers’ price charts and find what MATIC, KLAY, & FET could do next on the chart.
Top Crypto Gainer: Polygon Set to Rally to $1?
Polygon gained over 32.19% this week, breaking out from a falling wedge pattern.
As of writing, it ranked 19th globall based on its market cap, which amounted to $5.321 Billion. It last traded at $0.5341 with an intraday gain of 1.5%.
This month’s bullishness in the asset was due to several reasons. One driving reason was the upgrade from MATIC to POL optimism starting in September 2024.
Over a broader structure, the analysis showcased that the breakout occurred after a 145-day decline, making it a nearly 73% deterioration. With this month’s rise, the deterioration remained at 58% from the first quarter’s peak in Polygon.
The price improvement is displayed, and Polygon’s optimism for further acceleration has increased. The 50-day EMA has been pierced, and the price is set for a 200-day EMA to cross.
Could KLAY Fly Higher After Hitting ATL?
The Klaytn (KLAY) has gained 32.69% this week making its way into the top crypto gainers. After a long wait, the asset has responded to buyers’ plee. The resulting pattern was a falling wedge pattern in its price action.
At press time, it ranked 95th ($647.454 Million). Recently, on X, they shared that they have geared up for the Kaia mainnet launch on August 29th from the merger of Klaytn and Finschia. This optimism could be one of the many reasons for the observed growth in asset prices.
If the optimism continues, the price could continue to rally higher. As of writing, some bearish activity was noticed during the intraday dip of 1%, which traded at $0.1705.
Additionally, the spot volume inflow has hit 36.31%. It could be a probability that KLAY could make a pullback or some consolidation for rally continuation.
What Happened to FET Price?
KuCoin has completed the token merger of Ocean Protocol (OCEAN) and SingularityNET (AGIX) to Fetch.ai (FET). They have collaborated to establish the Artificial Superintelligence Alliance.
Per the Coinmarketcap, the Fetch.ai name has been replaced with Artificial Superintelligence Alliance, and the ticker is FET. In the future, all tokens would be consolidated to create a common token for all assets as the (ASI).
However, until an official announcement is made the ‘FET’ will be used as the ticker symbol
So, as of writing, a look at FET price highlighted 10% intraday growth to $1.060. The market cap has surged to $2.668 Billion, ranking it 31st globally. The spot volume inflow showcased demand with its recent 52% rise, which amounted to $221.90 Million.
FET’s gains this week were 28.44%, which led to a breakout of the falling wedge pattern. Depending on future optimism, the price could rally once it pierces the 50-day and 200-day EMA bands. Also, the current swing has been built from a key demand zone.