3 CoinGecko Top Gainers to Watch in the Fourth Week of July

Last week witnessed a significant increase in cryptocurrency trading activity, driven by improved market sentiment and investor confidence. This increase was reflected in the global cryptocurrency market capitalization rising by 3% over the past seven days.

As attention returned to altcoins, some lesser-known tokens emerged as leaders. According to Coingecko data, these are the top three price-rising tokens to watch in the third week of July:

Epic Chain (EPIC)

EPIC has increased by 155% over the past week and is currently trading at $2.50. On the daily chart, the altcoin's Elder-Ray index has consistently printed prominent histogram bars over the past four days, indicating strong accumulation from market participants.

The index stands at 2.28 at the time of writing, reflecting sustained price momentum.

The Elder-Ray index measures the strength of buyers and sellers in the market by analyzing the difference between an asset's price and its exponential moving average (EMA). A positive Elder-Ray index occurs when buyers dominate, meaning the price is trading above the EMA, indicating strong buying momentum.

This suggests that EPIC buyers are in control and may continue to push the price higher in the short term. In this scenario, the altcoin could rise above $2.63.

However, if demand decreases, EPIC could reverse its current rise and drop to $2.21.

Mango Network (MGO)

Layer-1 (L1) coin MGO is one of the top price risers to watch this week. Trading at $0.0272 at the time of writing, the altcoin increased by 128% over the past week.

MGO's three-digit increase today has pushed its price above the 20-day exponential moving average (EMA). This important moving average now forms a dynamic support below the token's price at $0.017.

The 20-day EMA measures the average price of an asset over the most recent 20 trading days, prioritizing recent prices. When the price trades above the 20-day EMA, it signals short-term price momentum and indicates that buyers are in control.

If this continues, MGO could extend its price increase to trade at $0.029.

However, if profit-taking continues, the coin's price could drop below $0.026.

ZORA

ZORA is one of the top cryptocurrency price risers to watch this week. At the time of writing, the token is trading at $0.0211, increasing nearly 90% over the past seven days.

In the past 24 hours, ZORA has recorded a 40% increase. During the review period, the token's trading volume increased by 293%, reaching $161.17 million. The token's price and volume increase indicate strong price momentum and high investor interest.

This trend suggests market participation is supporting the price increase. If this continues, ZORA's price could break through $0.0215 and climb to $0.0253.

On the other hand, if demand decreases, the altcoin's value could drop to $0.0186