- The top three crypto gainers in the last 24 hours are GALA, MEW, and ICP.
- The global crypto market cap has dropped over 1.59% in the past 24 hours to $2.29 trillion.
The global crypto market is balancing between gains and losses. After two weeks of stable performance, the extreme falls were witnessed today. However, the bear market is slowly trying the recovery phase, but still, major cryptocurrencies like Bitcoin (BTC) and Ethereum are facing pressure.
Let’s focus on some of those recovering altcoins in this article. The top 3 crypto gainers for the day, according to CMC data, are cat in a dogs world (MEW), Gala (GALA), and Internet Computer (ICP).
Gala (GALA)
- Market Cap: $826.28M
- 24H Trading Vol: $126.73M
In the past 24 hours, the token has climbed over 9.71% from the low of $0.02236 to the high of $0.02453. At the time of writing, GALA has traded at $0.0232, retraced slightly, but is still above its crucial resistance level. If the token holds its foot above $0.22, it could see another jump above $0.25.
GALA Price Chart (Source: TradingView)
The 9-day EMA is above the price, indicating a bearish trend. Meanwhile, the RSI at 52.75 signals a neutral market condition, indicating that the asset is neither overbought nor oversold. But no extreme conditions are present.
For the week, GALA is expected to trade in the range between $0.2109 support and $0.2532 resistance.
cat in a dogs world (MEW)
- Market Cap: $835.48M
- 24H Trading Vol: $138.32M
While the leading memecoins are on the down, cat in a dogs world have climbed approximately 7.76% in the past 24 hours. The memecoin was launched in April this year. Since its launch, cat in a dogs world quickly captured market attention and secured the 80th rank. Two days ago, on Oct 21, the token recorded an All-Time High (ATH) of $0.01043.
MEW Price Chart (Source: TradingView)
The MEW price is above the 9-day EMA, indicating a bullish trend, while the RSI at 61.36 suggests the asset is approaching overbought territory. This combination signals strong upward momentum.
Internet Computer (ICP)
- Market Cap: $3.84B
- 24H Trading Vol: $84.13M
Finally, the Internet of Computer (ICP) has soared over 4.35% in the last 24 hours, from a low of $7.83 to a high of $8.17. Internet Computer blockchain incorporates a radical rethink of blockchain design.
However, ICP has been in a sideways consolidation phase for nearly three weeks, struggling to establish a decisive trend. At the press time, the altcoin was facing strong resistance amid uncertain conditions in the crypto market.
ICP Price Chart (Source: TradingView)
Further, the ICP price is above the 9-day EMA, signaling a bullish trend, while the RSI at 55.73 indicates that the asset is in a balanced range, not overbought or oversold. This combination shows positive momentum.
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