The past week saw Mogcoin, Aave, and Ronin as the biggest gainers in the crypto market, with Mogcoin leading with a 32.51% increase. Conversely, Render, Dogwifhat, and Akash Network were the biggest losers, with Render experiencing an 8.85% decline. Despite some losses, the overall market trend was positive.
The US debt ceiling deal has boosted the cryptocurrency sector, with Bitcoin and select altcoins showing signs of a short-term up-move. However, sustaining the rally at higher levels may prove difficult for the bulls. The charts of Bitcoin, XRP, Arbitrum, EOS, and AAVE suggest important levels to watch out for. Bitcoin has reached the overhead resistance zone, while XRP has formed an inverse head and shoulders pattern. Arbitrum has potential for a recovery, EOS is oscillating between $0.78 and $1.34, and AAVE has been falling inside a descending channel pattern.