- The Fear and Greed Index of the market is hovering around 61.
- Zen analyses Notcoin to dig before potential bullish surge, now NOT has increased by 56.24% in the past week.
- Stacks is consolidating its price for a potential bullish breakout with an increase of 25.64% in the past week.
The overall crypto market has been trending downward for the past week. Despite this, some coins have displayed remarkable price increases. At press time, the Fear and Greed Index is 61, showing the market is greedy for profits.
Among the gainers this week, Notcoin (NOT) has emerged as the top player. At the time of publication, the coin’s price was 0.01901, and it had experienced a decline of 10% in the past 24 hours. It has a market cap of $2,035,944,244 and a diluted market cap of $2,039,250,872. A famous crypto analyst, Zen, shared his insights on the NOT coin’s lost momentum in the first week of June. He wrote,
$Not been ultra bullish, but lost that momentum during the first week of June. Well, it doesn’t mean that it won’t continue.
Stacks has broken the critical resistance line, causing strong bullish sentiment among traders. The breakout caused the original bearish trend to shift toward the bullish trend. At press time, STX is trading at 2.27, with a weekly increase of 25.64% and a 1-day decline of 6.98%.
Ethereum Foundation’s $56.1M Kraken Deposit Sparks Speculation Amid Price DropORDI, one of the top gainers this week, is currently experiencing a single-day decline of 5.04%, with prices at $59.31. But in the last seven days, the coin had increased by 27.28% and had a market cap of $1,245,767,646.
Injective (INJ) also made a huge breakthrough this week, with an increase of 16.19%. It is trading at $27.91 and has a 24-hour decline of 2.64%. It has a market cap of over $2,610,738,238 and a 24-hour trading volume of $366,494,865.
Other than several top gainers, numerous coins are trending this week. Some of the cryptocurrencies that attracted the attention of most investors include XCN, ZIG, XCH, RLC, and PRO.
