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Top 3 Crypto Gainers This Week: MATIC, KLAY, & FET
#Matic #FET #Klay #Gainers
This week, Bitcoin (BTC) set a bullish tone with an 8% gain, leading the broader crypto market rally. Top performers included Polygon (MATIC), Klaytn (KLAY), and Fetch.ai (FET), each showing strong upward trends.
Polygon (MATIC) Eyes $1 Target
Polygon (MATIC) surged 32.19%, breaking out of a 145-day falling wedge pattern. Currently trading at $0.5341 with a market cap of $5.321 billion, MATIC is poised for further gains, driven by the upcoming upgrade to POL in September 2024. The rally has seen MATIC break above its 50-day EMA, with the 200-day EMA as the next target.
Klaytn (KLAY) Rebounds from Lows
Klaytn (KLAY) gained 32.69% this week after breaking out of its own falling wedge pattern. Now trading at $0.1705, KLAY's rally is fueled by anticipation for the Kaia mainnet launch on August 29th. With increased spot volume, KLAY could either consolidate or continue its upward momentum.
Fetch.ai (FET) Rallies with AI Alliance
Fetch.ai (FET) jumped 28.44%, driven by its role in the new Artificial Superintelligence Alliance with Ocean Protocol and SingularityNET. FET, trading at $1.060, saw a 52% spike in volume, signaling strong demand. The breakout from its falling wedge pattern indicates potential for further gains, especially if it surpasses the 50-day and 200-day EMAs.
