VINE, inspired by the defunct Vine app, saw a 267% rise, supported by strong buy-side pressure and bullish momentum.
The new trading week is off to a bullish start, and some altcoins are already standing out with impressive momentum.
While the broader market cooled off last week, a few assets weathered the pullback and have continued to post notable gains. This has positioned them for potential continuation rallies in the days ahead.
ZORA, the native token of the Zora Protocol, is one of the altcoins to watch this week. Per Coingecko, its value has rocketed by 325% to trade at $0.085 at press time.
Moreso, the altcoin briefly traded at an all-time high of $0.105 during yesterday’s intraday trading session. While it has since witnessed a 20% correction from this price high, ZORA is still up 8% over the past day.
During this period, its trading volume has surged to $500 million, marking a 12% increase. This uptick confirms that the rally is supported by growing investor demand and active participation in the market.
When both price and trading volume rise together, it is seen as a sign of a healthy, demand-driven rally. It means buyers are stepping in with conviction.
This combination validates ZORA’s uptrend and hints at a likely revisit of the all-time high at $0.105.
However, a push back from the bears could trigger a break below $0.084 and a fall to $0.068.
Solana-based meme coin URANUS is another top gainer on Coingecko to watch this week. Trading at $0.47 at press time, the altcoin has seen its value rise 235% in the past seven days.
Readings from the URANUS/USD one-day chart show the token’s price resting significantly above its 20-day exponential moving average (EMA), reflecting the buy-side pressure. As of this writing, URANUS’ 20-day EMA forms dynamic support below its price at $0.192.
This key moving average measures the asset’s average price over the past 20 trading days, giving more weight to recent price changes.
When an asset’s price trades above its 20-day EMA, it signals short-term bullish momentum. This trend suggests URANUS’ recent price action is strong and that its buyers are currently in control.
If they retain control, the token could extend its gains and climb above $0.497.
Conversely, if selloffs commence, the token could fall to $0.410.
VINE, a meme coin inspired by the defunct Vine video app, is up 267% over the past week, making it one of Coingecko’s top gainers to watch this week.
An assessment of the token’s Elder-Ray Index highlights the climbing buy-side pressure in the VINE spot markets. Over the past five days, this momentum indicator — which measures buying and selling pressures — has returned only green histogram bars, whose sizes have grown with each trading session.
This consistent uptick in buy-side strength suggests that bullish momentum around VINE is increasing. The expanding green bars indicate that buyers are steadily overpowering sellers, strengthening the recent rally and hinting at continued upside if demand holds.
In this scenario, VINE could touch $0.179.
On the other hand, if the bears regain dominance, they could trigger a price dip to $0.149.
