Top Cryptocurrencies to Watch This Week: MOG, KAS, FET

The prevailing bearish sentiment in the cryptocurrency market extended throughout June. Last week, Bitcoin (BTC) fell below the $59,000 threshold for the first time in eight weeks.

Widespread losses occurred across the market.

Some assets bucked the trend, posting new all-time highs. Selective optimism wasn’t enough to prevent the overall crypto market cap from falling 4.6% to $2.24 trillion.

Based on their strong performance last week, here are our top cryptocurrencies to watch this week:

MOG, KAS and FET Prices – June 30 | Source: Santiment

MOG hits new ATH

MOG Coin (MOG) witnessed a bullish week. Dubbed the internet’s first cultural currency, the meme coin started the week with the same bearish trend as the broader market, plunging 11.07% on June 23.

MOG surged 45.32% on June 24 and 25 thanks to increased social volume. Whale Insider confirmed that the rally solidified the token’s position as the largest cat-themed meme coin by market cap.

MOG reached a new all-time high of $0.00002123 on June 29 amid rising interest.

The asset closed the week at US$0.0000018355, registering an increase of 67%. Its Commodity Channel Index (CCI) is currently at 130.83, suggesting that the asset is overbought and that a pullback could be imminent.

Kaspa Slips Into Price Discovery After New ATH

Dandruff (KAS) also witnessed an uptrend last week. With a weekly increase of 25%, KAS recorded a less optimistic performance than MOG.

However, the PoW community-based asset entered a price discovery phase after breaking its previous all-time high of $0.1939 on June 30. This rally was partly due to reports of Marathon Digital mining US$16 million in KAS.

Although MOG fell after its new ATH, Kaspa continued to reach new record prices, entering the new week with this bullish momentum amid an 8.96% increase in the last 24 hours.

Consequently, KAS flipped PEPE to become the 23rd largest cryptocurrency with a market cap of $4.725 billion.

However, caution is advised as the new week begins. Notably, From Kaspa The daily relative strength index (RSI) has entered overbought territories, currently parked at 71.76.

This suggests an imminent pullback as buying pressure eases. The last time KAS was oversold, its price fell 31% in two weeks.

FET drops 27% in three days

Search.ai (FET) is also among our top cryptocurrencies to watch this week. The Ethereum token appeared to register similar upward momentum, but downward pressure erased most of its gains by the end of the week.

From June 23-26, FET soared 26% from $1,472 to a nearly 3-week high of $1,860 as AI-focused tokens enjoyed a massive uptrend.

However, this peak coincided with the upper Bollinger Band, a region that presented strong resistance from the bears.

Fetch.ai, a decentralized machine learning platform for applications such as asset trading and the gig economy, saw its corresponding coin collapse from this rally. Buying pressure was not enough to break through this resistance, resulting in massive declines over the next three days.

The FET fell 27% from June 27th to June 29th. It ultimately closed the week with a loss of 8.56%. Despite a recovery effort, the asset remains below the 20-day SMA. While this may indicate a downtrend, the FET’s MACD line remains above the signal line, suggesting bullish momentum. The market remains undecided at the moment.

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