Here are some of the most profitable cryptocurrencies in the last week
The first half of June is coming to an end, and the previous days were marked by an upward trend in the altcoin market.
The altcoin market witnessed an upward trend this week, with notable gains seen in JasmyCoin (JASMY) , Wormhole (W) и Toncoin (TON) .
JasmyCoin (JASMY) has seen a remarkable surge of 46% in the past seven days, reaching a price not seen since March 2022.
The bullish momentum evident in JASMY's Elder-Ray index readings and moving average convergence/divergence (MACD) suggests a potential rally to $0.055. However, a downward correction may occur if buyer interest wanes.
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The price of the GameStop cryptocurrency meme has shot up 120% - here's whyMeanwhile, investors in Wormhole (W) enjoyed a 30% increase in value, accompanied by a remarkable jump in trading volume, reaching a peak of $238 million.
Chaikin's positive cash flow (CMF) indicates a strong capital inflow into the W market, potentially driving its value to $0.68, although a drop to $0.63 cannot be ruled out.
Toncoin (TON) has rallied 16% over the past week as it seeks to break the upper limit of its ascending channel.
Trading above its 20-day exponential moving average suggests bullish sentiment with a potential rally to $7.80. However, a pullback to $7.01 could occur if the sellers regain control.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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