3 Potential Tokens to Follow in the 4th Week of July: ZORA, MGO, EPIC with a Weekly Pump of Over 100%, Buyers Are Taking Control of the Market

In the past week, driven by market sentiment and a rebound in investor confidence, Crypto Assets trading activity has seen a significant rise. Over the past seven days, the global Crypto Assets market capitalization grew by 3%, which fully reflects this growth. As market attention returns to alts, the pump of ZORA (ZORA), Mango Network (MGO), and Epic Chain (EPIC) has attracted attention.

ZORA Price Analysis

ZORA is one of the most notable Crypto Assets that experienced the largest pump last week. As of today (22nd) during the Asian midday trading, the token's trading price is $0.0250, having risen over 105% in the past seven days.

During the review period, the trading volume of the token surged by 293%, reaching 161.17 million USD. The rise in both the token's price and trading volume indicates a strong bullish momentum in the market, with increasing investor interest.

This trend indicates that market participation is supporting the price rise. If this trend continues, the price of ZORA may break through $0.0215 and climb to $0.0253.

On the other hand, if demand decreases, the value of ZORA may drop to $0.0186.

(Source: Trading View)

MGO Price Analysis

Layer1 (L1) token MGO was another notable pump last week. As of the time of writing, the trading price of this altcoin is $0.0279, which has risen by 132% over the past week.

The three-digit rise of MGO has pushed its price above the 20-day Exponential Moving Average (EMA). This key moving average is currently forming dynamic support at $0.017 below the token price.

The 20-day moving average measures the average price of an asset over the past 20 trading days and gives more weight to recent prices. When the price is above the 20-day moving average, it indicates a strong short-term bullish momentum and suggests that buyers are in control.

If this trend continues, MGO may continue to rise, trading at a price of 0.029 dollars.

(Source: Trading View)

EPIC Price Analysis

EPIC has risen 155% over the past week, with a current trading price of $2.50. On the daily chart, the Elder-Ray index of this altcoin has consistently shown significant bars over the past four days, indicating that market participants are aggressively accumulating.

As of the time of publication, the indicator is 2.28, reflecting a sustained bullish momentum.

The Elder Ray Index measures the strength of bulls and bears in the market by analyzing the difference between asset prices and their Exponential Moving Average (EMA). When bulls dominate, the Elder Ray Index is positive, indicating that prices are above the EMA, suggesting strong buying momentum.

This indicates that EPIC buyers are dominant and may continue to pump the price in the short term. In this case, the altcoin may rebound to above $2.63.

However, if demand plummets, EPIC may reverse the current pump and drop to $2.21.

(Source: Trading View)