Following a lackluster performance in the crypto market over the weekend, the new week has started with a subtle recovery. Global crypto market capitalization has increased by 2% in the last 24 hours, indicating a minor rise in trading activity and an improving sentiment among market participants.
In this context, certain made-in-USA tokens are experiencing significant gains today and may be worth monitoring in the coming sessions.
SuperVerse (SUPER)
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SUPER has emerged as the top performer, soaring 45% over the past day. On the daily chart, the token is trading well above its 20-day exponential moving average (EMA), signaling that bullish momentum is gaining strength. The key moving average offers dynamic support below SUPER at $0.581 at the time of writing.
The 20-day EMA gauges an asset’s average price over the last 20 trading days, placing more emphasis on recent prices.
When a token’s price surpasses this level, it suggests that buyers have the upper hand and that short-term sentiment is tilted towards growth. If this trend continues, SUPER could further extend its gains and rise to $0.841.
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Conversely, if selloffs begin, the token’s price may drop below $0.761.
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Horizen (ZEN)
ZEN’s price has surged 11% today as the market starts to regain traction. As of this writing, the altcoin is trading at a three-month high of $7.192.
This double-digit increase is supported by rising On-Balance Volume (OBV) on the one-day chart, confirming that buy-side pressure is driving the price upward. Currently, the momentum indicator is at 30.27 million.
The OBV employs volume flow to forecast changes in an asset’s price. An uptick indicates increasing demand, which may persist if sentiment remains positive.
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If bullish trends continue, ZEN’s price may surpass $7.327 and possibly reach $8.012.
However, if bearish activity resumes, a correction toward $6.220 could occur.
DASH
DASH is another made-in-USA coin to keep an eye on this week. Its price has risen nearly 10% over the past day, buoyed by increasing daily trading volume.
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On the daily chart, the rising Chaikin Money Flow (CMF) indicates a bullish outlook for the altcoin. Currently, this indicator stands at 0.01, having just crossed the zero line.
The CMF gauges the flow of capital into and out of an asset by integrating price and volume data. A move above the zero line, as seen with DASH, signals that traders are committing more capital to the asset.
If DASH’s CMF remains positive, it could bolster prospects for further gains towards $23.
In contrast, a decline in accumulation could result in a price drop to $21.68.
