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. The selective rally was not enough to prevent the total cryptocurrency market cap from shrinking by 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: Santíment

MOG Reaches 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, falling 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 rates.

The asset closed the week at $0.0000018355, registering a 67% increase. Its Commodity Channel Index (CCI) is currently at 130.83, suggesting that the asset is overbought and 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 bullish 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 Marathon Digital mining $16 million worth of KAS.

While 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 at the start of the new week. 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 bullish momentum, but bearish 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 part of the Bollinger Band, a region that presented robust resistance from the bears.

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

FET fell 27% from June 27 to June 29. Ultimately, it closed the week with a loss of 8.56%. Despite the recovery effort, the asset remains below the 20-day SMA. While this could indicate a bearish trend, FET’s MACD line remains above the signal line, suggesting bullish momentum. The market remains indecisive at the moment.

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