Biggest Altcoin Gainers of the First Week of September 2024

Helium Daily Analysis. Source: TradingView

The rising OBV on the daily chart suggests increased accumulation, which played a key role in HNT’s rise above $8. If buying pressure continues, HNT could reach $8.51. However, if interest in the token weakens, its price may drop to $6.88.

Starknet (STRK)

STRK, the native cryptocurrency of the Ethereum Layer-2 blockchain, made a surprising appearance among the top altcoin gainers this week. Since its launch, STRK had struggled to post significant price gains.

However, the token surged to $0.40 shortly after Ethereum co-founder Vitalik Buterin transferred over 2 million STRK tokens to a new wallet. Currently, the altcoin is trading at $0.43, after briefly dipping to $0.39.

The Bull Bear Power (BBP) indicator shows that bullish momentum has once again surpassed bearish pressure, suggesting another potential upswing. Additionally, STRK has broken above its descending trendline, further supporting the bullish outlook.

Starknet Daily Analysis. Source: TradingView

If sustained, STRK’s price might jump to $0.48. On the other hand, the cryptocurrency risks falling to an all-time low if it breaks below the support at $0.35.

Uniswap (UNI)

UNI’s inclusion in the biggest altcoin gainers list is connected to the blockchain protocol settlement with the Commodities Futures Trading Commission (CTFC). Moments after the development, the price jumped to $6.40, bringing the cumulative weekly increase to 8%.

As of this writing, UNI is trading at $6.22, having dropped from its weekly peak. On the daily chart, the altcoin is close to slipping below the 20-day Exponential Moving Average (EMA).

Typically, breaking above the EMA signals a bullish trend, but if UNI falls below this level, the price could dip below $6 and reach $5.60. The Relative Strength Index (RSI) also points to bearish momentum, reinforcing this downward outlook.