SNEAK PEEK
- Bullish momentum drives WOO, INJ, OKB, and ROSE to significant gains.
- ARB shows signs of market recovery after a short-term dip.
- Positive investor sentiment towards cryptocurrencies leads to increased trading volumes.
WOO Network (WOO), Injective (INJ), Arbitrum (ARB), OKB (OKB), and Oasis Network (ROSE), have been the top cryptocurrencies in the previous 7 days.
WOO/USD
Bears got the upper hand in the WOO token market at the start of the week, but bulls ended their rule and managed to rocket the price from an intra-week high low of $0.2022 to a 90-day high $0.3183 in the previous 24 hours. The bullish trend has continued as of press time, resulting in a 12.52% increase to $0.3071 from the previous closing.
During the rally, market capitalization and 24-hour trading volume increased by 12.50% and 43.07%, respectively, to $517,104,881 and $92,832,202. If the positive trend continues and the $0.3183 level is surpassed, the next goal might be the $0.3355 resistance level, drawing additional buyers and driving the market; the market capitalization and trading volume are even more significant.
If the price fails to break beyond $0.3183, it might lead to a short-term fall toward the $0.2956 support level.
INJ/USD
Bullish momentum in the Injective (INJ) market managed to lift the price from an intra-day low of $7.25 to a 52-week high of $8.80 in the previous 24 hours. After support was established around $5.3786, the bears’ momentum throughout the week’s effort to grab the market was neutralized. As of press time, the favorable domination remained, resulting in a 7.07% increase to $7.81.
INJ’s market capitalization and 24-hour trading volume increased by 6.81% and 330.64%, respectively, during the bullish surge, to $624,162,078 and $328,820,257.
If positive momentum persists and the 8.80% resistance level is overcome, INJ may achieve a new all-time high, luring additional investors and traders. However, if the negative trend continues, market value and trading volume might fall significantly.
ARB/USD
Arbitrum (ARB) began the week with negative momentum and bears managing to dominate for quite some time caused alarm among traders.
The ARB price fell to an intra-week low of $1.47 before finding support and rallying to a 7-day high of $1.72 in a matter of hours. As of publication time, ARB was trading at $1.67, representing a 7.12% decrease.
During the rally, market capitalization and 24-hour trading volume increased by 7.34% and 3.14%, respectively, to $2,127,762,645 and $2,127,020,000. This action indicates that investors have regained trust in the market, which might lead to more growth and good momentum in the near future.
OKB/USD
Bulls and bears have been battling for control of the OKB (OKB) market over the previous seven days, with prices ranging between an intra-week low of $41.04 and a 30-day high of $54.51 set in the last 24 hours. This bullish rise in the OKB market resulted in a 13.98% increase in price to $53.55 at the time of writing.
The market capitalization and 24-hour trading volume increased by 14.02% and 294.36%, respectively, to $3,213,584,660 and $104,066,651.
This action indicates that investors have a significant interest in this cryptocurrency and are prepared to pay greater prices for it, suggesting an optimistic outlook for its future performance.
ROSE/USD
The week began on a poor note for the Oasis Network (ROSE), with bears taking control and the price plummeting to an intra-week low of $0.05772.
Bulls, on the other hand, pushed prices to a 30-day high of $0.07585 in the previous 24 hours, sending the bears fleeing. This bullish trend remained present at the time of writing, resulting in a 111.02% increase from its previous closing of $0.07435.
Due to the rebound, the market capitalization and 24-hour trading volume increased by 10.92% and 65.94%, respectively, to $426,158,863 and $83,824,802, respectively. This action implies that investors are regaining faith in the asset and are prepared to pay greater prices for it, which might lead to additional price increases in the near future.
From WOO to ROSE, the past week was a rollercoaster ride for top cryptocurrencies with bulls and bears battling for control, resulting in significant price movements and increased investor interest.
Disclaimer: Cryptocurrency price is highly speculative and volatile and should not be considered financial advice. Past and current performance is not indicative of future results. Always research and consult with a financial advisor before making investment decisions.
