- BinaryX (BNX): Leading the Top Crypto Gainers at Press Time
- QNT: Forming a Double-bottom at Low
- FET: Retest After Breakout
This week, BNX, QNT, and FET emerged as the top crypto gainers, showcasing positive performance amidst an overall bearish sentiment in the market. Let's delve into why these coins stand out.
BinaryX (BNX): Leading the Top Crypto Gainers at Press Time
The BNX price has formed a bearish candlestick pattern at the major resistance level. After breaking above the 200-day EMA, BNX buyers lost momentum as the price failed to exceed the $1.60 resistance level. If sellers act on the bearish pattern, the price may drop by 20%. However, support on the 200-day EMA could lead to a pullback.
QNT: Forming a Double-bottom at Low
Quant was trading at $76.33, down 1.74% over the past 24 hours with a market cap of $921.38 million and a 24-hour trading volume of $17.21 million, which increased by 60%. The bearish trend halted at $55, forming a double-bottom pattern. The price rose 35% over the past 5 days, crossing the 20-day EMA. Trend reversal is possible if the price surpasses the 200-day EMA. Otherwise, it might present a selling opportunity.
FET: Retest After Breakout
The technical chart indicates FET was declining within a descending channel but broke out and retested the trendline, resulting in a 30% rise. If the price surpasses the 200-day EMA, buyers may show interest. The formation of an inverted head and shoulders pattern could lead to further gains. Otherwise, profit booking may cause selling pressure.
BNX, QNT, and FET showed strong performance despite a bearish market. QNT and FET have reversed their downward trends, while BNX continued its upward momentum, trading near its 52-week high.
Comments