Starknet (STRK), Helium (HNT), and Uniswap (UNI) Buck the Trend with Notable Price Gains

The first week of September 2024 saw a relatively calm market for altcoins, but a few assets from the top 100 by market capitalization managed to stand out.

As the first week of September 2024 unfolded, the altcoin market remained largely subdued, with minimal price movements across the board. However, a few assets managed to buck the trend with notable gains.

Among the top 100 cryptocurrencies by market capitalization, Starknet (STRK), Helium (HNT), and Uniswap (UNI) stood out with significant price gains, driven by market interest and key developments.

Here's a closer look at the TOP 3 Altcoin Gainers Of The Week:

Starknet (STRK) Native Token Surges 22% With Vitalik Buterin’s 2 Million STRK Transfer

Starknet (STRK), the native token of Ethereum's Layer-2 solution Starknet, surprisingly emerged as the best performer among the top 100 cryptocurrencies.

The STRK token price soared with a 22% weekly gain, hitting $0.40 after a massive transfer by Ethereum co-founder Vitalik Buterin, who moved 2 million STRK tokens to a new wallet on 31st August. This sparked a wave of buying interest in the token.

Following the initial surge, STRK continued to rally, reaching a high of $0.43 on 4th September. Throughout the first week of September, the token displayed strong technical strength.

Technical indicators, like the Bull Bear Power (BBP), pointed to bullish momentum, with STRK breaking above its descending trendline. This signaled a potential for further growth in the coming days.

If the bullish momentum continues, STRK could climb to $0.48. On the downside, a break below the $0.35 support level could lead to further declines.

Helium's Native Token HNT Surges 13% Despite Lack Of Major News Updates

Helium's native token, HNT, also known as "The People's Network Token," had a strong showing during the first week of September, surging 13% to $7.6.

This impressive performance came despite a lack of any major news updates regarding the blockchain protocol. However, it's worth noting that HNT has been rallying since mid-August, largely driven by traders' interest in the altcoin.

Interestingly, there were no major announcements from the Helium team during this period, and the HNT price increase appeared to be primarily driven by market interest, as observed in August with other altcoin gains.

From a technical standpoint, the On Balance Volume (OBV), a key indicator of buying and selling pressure, showed a steady increase since late August, suggesting strong accumulation of HNT.

The token rose to over $8, and if the current buying momentum continues, HNT could reach $8.51. However, a weakening interest might pull the price down to $6.88.

Uniswap (UNI) Token Up 8% Following Protocol's Settlement With CTFC

Uniswap (UNI) token benefited from a major regulatory development during the first week of September, with the blockchain protocol reaching a settlement agreement with the Commodities Futures Trading Commission (CTFC).

Following the announcement of this settlement on 31st August, the UNI token price started to climb, rising to $6.40 from $5.98, notching an 8% weekly gain.

Despite its initial rally, the UNI token faced some resistance at the 20-day Exponential Moving Average (EMA) during the first week of September.

The token's price dipped slightly afterward, reaching $6.22 by 4th September. It risked falling below its 20-day EMA, which could indicate a bearish trend.

If UNI drops further, it might slide to $5.60. However, should any positive news surface, the price could surge toward $6.91.

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