A new trading week started with strong momentum, and some altcoins are already attracting attention with impressive momentum.
Although the market cooled down last week, some assets continued to withstand the decline and recorded notable increases. This leaves open the possibility of further rises in the coming days.
ZORA
ZORA, the native token of the ZORA protocol, is one of the altcoins to watch this week. According to CoinGecko, it is currently trading at $0.085, with a 325% increase.
Moreover, this altcoin briefly traded at an all-time high of $0.105 during yesterday's intraday trading session. After experiencing a 20% correction from this price, ZORA still rose by 8% over the past day.
During this period, trading volume surged to $500 million, increasing by 12%. This rise is supported by increased investor demand and active market participation.
When price and volume rise together, it is considered a sign of a healthy, demand-driven increase. This means buyers are entering the market with confidence.
This combination confirms ZORA's upward trend and suggests the possibility of revisiting its all-time high of $0.105.
However, if selling pressure intensifies, it could drop below $0.084 and fall to $0.068.
URANUS
URANUS, a Solana-based meme coin, is another top gainer to watch this week on CoinGecko. Currently trading at $0.47, it has risen 235% over the past 7 days.
Analysis of the URANUS/USD daily chart shows that the token's price is significantly positioned above the 20-day Exponential Moving Average (EMA), reflecting buying pressure. Currently, URANUS's 20-day EMA is forming a dynamic support below the price at $0.192.
This key moving average measures the average price of the asset over the past 20 days, giving more weight to recent price changes.
When an asset's price trades above the 20-day EMA, it indicates short-term bullish momentum. This trend suggests that URANUS's recent price movement is strong and currently controlled by buyers.
If they maintain control, the token could continue its upward trend and rise above $0.497.
Conversely, if selling pressure begins, the token could fall to $0.410.
VINE
VINE, a meme coin inspired by the closed Vine video app, is one of the notable risers on CoinGecko this week, having increased by 267% last week.
The Elder-Ray Index evaluation of the token shows increasing buying pressure in the VINE spot market. Over the past 5 days, this momentum indicator has measured buying and selling pressure, returning only green histogram bars that grow in size with each trading session.
This continuous increase in buying strength suggests growing bullish momentum around VINE. The expanding green bars indicate that buyers are consistently overwhelming sellers, reinforcing the recent upward trend and implying further increases if demand is maintained.
In this case, VINE could reach $0.179.
On the other hand, if selling pressure regains dominance, the price could drop to $0.149.
