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The global Crypto market cap has risen by 4% over the past week to $3.48 trillion, with a trading volume of $87 billion in the last 24 hours.
AIOZ faces price resistances around $1.12 and $1.41, with a possible upswing towards the $2 price level.
PENGU has possible targets of $0.048, $0.0542, and $0.0639 and is trading within an ascending channel.
MOVE shows a textbook cup-and-handle pattern that could reach $1.24 before consolidating and aiming for higher levels.
Ethena is poised to break its $1.52 all-time high, while Arbitrum is eyeing a breakout to $2.5 after breaching $1.24.
According to TradingView, the Crypto market's market cap has moved 4% to the upside over the last week.
CoinMarketCap data also shows that this figure currently sits at $3.48 trillion, with a modest but impressive trading volume of $87 billion in the last 24 hours before press time.
The Crypto market's overview
The fear and greed index has equalized to a slightly neutral (but greedy) 61/100 reading and an equal divide between Bitcoin and the altcoins on the altcoin season index.
In essence, the altcoins generally aren't performing significantly better than Bitcoin.
Nevertheless, here are some of the biggest contenders to keep in mind over the next few weeks.
AIOZ is by far the best-performing cryptocurrency among the top 100 in the 24-hour timeframe, with a 20% price increase.
The cryptocurrency is also a top performer on the weekly timeframe, with a near-30% price increase.
Price action of AIOZ
According to the charts, the cryptocurrency is testing the $1 mark and has a current price of $1.05.
The charts also show that the cryptocurrency is trading along a minor ascending trendline on the daily chart and is attempting to break above the $1 mark after rebounding off $0.75.
Possible price action for AIOZ
According to the Fibonacci retracement tool, the cryptocurrency's next resistances include the $1.12 and $1.41 price levels, beyond which AIOZ will be free to target the $2 mark.
However, a retest of the ascending trendline around the $0.81 price level remains entirely in the cards.
Pudgy Penguins is another major performer aside from AIOZ.
According to data from CoinMarketCap, the cryptocurrency is up by around 19% over the last 24 hours before writing and by around 21% over the previous week, which is relatively impressive.
Pudgy Penguins in price
On the hourly chart, PENGU is trading within a minor ascending channel, as illustrated below:
Chart action of PENGU
The cryptocurrency currently trades around the $0.004 price level and could retest the lower trendline of this formation.
However, PENGU remains in an uptrend and will likely break above the channel's upper trendline soon.
From here, possible price targets for Pengu include the price levels of $0.048, $0.0542, and $0.0639.
Movement has also lived up to its name over the last day, week and even month with a 10% price increase in the previous 24 hours before writing.
The cryptocurrency’s price performance is also impressive, with a 7% jump over the last week.
Movement in price
Interestingly, Movement seems to be heavily in favor of cup and handle formations.
The cryptocurrency's recent price movements to the upside result from its recent breakout from a cup-and-handle formation between December 2023 and December 2024, as shown.
Breakout from the previous cup and handle
This time around, MOVE is repeating history with another cup and handle, as illustrated:
New cup and handle formation
This textbook behavior makes MOVE's future easy to predict. The cryptocurrency will likely continue upwards from current price levels and hit the tip of the cup around the $1.24 mark.
MOVE will then reverse and consolidate between this $1.24 mark and the psychological $1 price level—before a final breakout towards the upside.
According to CoinMarketCap, Arbitrum is up by a relatively modest 5% over the last 24 hours.
However, the cryptocurrency makes up for this with a 15.84% price increase over the last week.
Arbitrum’s price performance
This price movement shows long-term activity from the bulls and could lead to one of the biggest breakouts in Arbitrum's history.
On the daily chart, the cryptocurrency appears to be trading within a descending channel as illustrated:
Arbitrum’s descending channel
The cryptocurrency appears to have created support around the $0.72 price level, which the bulls can use as leverage for breaking out of this bearish formation.
If the bulls successfully breach the previous local high around $1.24, Arbitrum will likely march further upwards to a retest of the $2.5 price level at the least.
Like Arbitrum, Ethena is up by around 5% over the daily timeframe. However, its 7-day performance trumps that of any other cryptocurrency on this list.
CoinMarketCap data shows that the cryptocurrency has increased by around 35% over the last week, which is very impressive.
Ethena’s performance
According to the charts, the cryptocurrency has found solid support around the $0.89 price level and is on the verge of breaking above its $1.33 local high.
Ethena’s price performance
The charts show that the cryptocurrency has a solid chance of breaking above its previous $1.52 all-time high and registering a new peak in a matter of weeks.
Of course, all of the above hinges on its ability to hold the $0.89 price level as support.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.