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Best Crypto Gainers Today, March 13 – PEPE, IP, AVAX

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Highlights:

  • Today’s best crypto gainers are PEPE, Story, and Avalanche, which are rising amid the market volatility.
  • PEPE has reached the Fibonacci level that may signify a reversal of the bearish run, given that this support holds.
  • IP and AVAX demonstrate positive divergences which suggests that greater upward action could be imminent.

The crypto market witnessed a positive sentiment following the drop in U.S. CPI data from 0.3% in January to $0.2% in February. The global market cap and 24-hour trading volume have declined to $2.70 trillion and $98 billion, respectively. However, the fear and greed index has dropped to 21, indicating a fear sentiment in the market. 

Bitcoin trades at around $83K, while major altcoins display mixed sentiment. Ethereum is trading below the $2K mark, while XRP and Dogecoin recorded mere gains. Amidst this mixed sentiment, here is a look at the best crypto gainers, such as PEPE, Story, and Avalanche.

Best Crypto Gainers Today

1. PEPE

The frog-themed memecoin, PEPE, is leading the best crypto gainers today after surging by 16% in the past 24 hours. At press time, the memecoin trades at $0.000007378 with a market cap and a trading volume of $3.05 billion and $1.06 billion, respectively. Despite this recent bullish trend, PEPE is down 30% on the monthly chart.

Best Crypto Gainers Today - March 13, PEPE, IP, AVAX
Source: CoinMarketCap

The PEPE price has dropped to a major Fibonacci support zone, indicating a critical level for potential market movements. Analyst Marzell highlights this level as a strong buying opportunity, with expectations of a rebound. A successful bounce could push PEPE toward key resistance levels at 0.00002072 USDT and 0.00002789 USDT.

However, failure to hold this zone could lead to further declines before any recovery. Traders should closely monitor the price action for confirmation of support. A strong reversal from this level may signal the next upward move.

2. Story (IP)

IP has shown a remarkable rally since its launch on February 14th. It is down 18% from its all-time high of $7.33, set on February 28th. At press time, the altcoin is trading at $6, up 9% in the past 24 hours. In addition, IP has surged by 100% over the past month, elevating the market cap to $1.48 billion. 

Source: CoinMarketCap

The IP price forms a breakout from a symmetrical triangle pattern on lower timeframes. Volume is rising, indicating strong momentum. The breakout level suggests a potential move of 60-70%, making it a key level to watch. The price has already breached the descending trendline, confirming bullish momentum.

Moreover, the structure aligns with previous trends, where similar breakouts led to significant rallies. The next resistance is near $10, while support remains at $4. If volume sustains, the price could see further upside.

3. Avalanche (AVAX)

Avalanche is trading at $19.20, up 7.90% in the past 24 hours. On the weekly and monthly charts, however, the altcoin is down 12% and 28%, respectively. Moreover, its market cap has surged to $7.93 billion while the trading volume declined to $418 billion.

Source: CoinMarketCap

According to a recent analysis, the AVAX price shows signs of a potential surge. A chart shared by Crypto Elites highlights a series of higher lows, forming an ascending trendline. The price has reached a critical support zone, suggesting a possible reversal. AVAX is near $17.76, aligning with previous bottom points preceding rallies.

A breakout from this level could push AVAX significantly higher, with a target of $150. The analyst suggests that the current dip presents an opportunity. The trendline support reinforces the likelihood of a bullish move. Additionally, he notes that fear in the market often leads to strong rebounds.

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