This week, the global market capitalization of cryptocurrencies fell from $1.41 trillion to $1.38 trillion. However, some assets bucked the trend while others succumbed to the bears. Below are Kaspa ( KAS ), Render ( RNDR ), and Cardano ( ADA ).

 

Kasper (KAS)

Kaspa is one of the biggest gainers of the week, ranking third among the top 100 crypto assets on CoinGecko in terms of weekly gain. Launched last year, KAS has continued to reach impressive heights over the past few months, recently recording encouraging momentum.

This week’s rally began on November 13, after prices had fallen to $0.0780. The asset quickly rebounded from the decline, posting consecutive daily gains from November 14 to 18. Kaspa is up 1.55% today and is on track for its sixth consecutive intraday gain.

However, the biggest price increase occurred on November 15, when the asset rose 30%, one of its largest intraday gains. This upward trend was widely supported by prominent cryptocurrency exchanges such as Uphold and Binance. On November 16, Binance announced plans to launch KAS perpetual contracts.

 

(RNDR)

Render has also seen some big moves this week, gaining an impressive 40% since November 13. The asset’s recovery is commendable, recovering from two consecutive days of losses at the beginning of the week (down 6.64% on November 13 and November 14).

On November 15, RNDR recovered these losses with a massive 26.2% surge. The surge was sparked by bullish price action in the broader cryptocurrency market, with Bitcoin surging to a new yearly high of $37,980. Render rode the momentum to record even bigger gains.

With the surge on November 16, RNDR became the biggest gainer among the 100 largest assets by market cap. During the uptrend, the asset surged to a 21-month high of $3.59. Render last saw this price level in February 2022.

RNDR is trading at $3.46, up 10% in the past 24 hours. The asset is the third-biggest gainer of the week with a gain of 40.4%. Render is using the ongoing rally to reclaim the $4 area. However, the asset needs to overcome key resistance levels at $3.526, $3.734, and $3.999.

 

(THERE IS)

Despite the strong performance from the bulls, Cardano was one of the assets that succumbed to bearish pressure this week. ADA is down just 1.9% from the $0.3835 price at the start of the week. The start of the week was unfavorable for the asset, which fell 6.94% on November 13.

However, on November 14, when the rest of the market fell, ADA staged a comeback and fought off the bears. The next day, Cardano saw intraday gains of up to 5.84%. The asset eventually broke through the $0.40 level for the first time since April on November 16, surging to a high of $0.4095 before facing significant resistance.

Since falling from the $0.4095 high, ADA continues to hold the $0.3488 support level. The asset rallied to $0.3791 today but encountered another obstacle, resulting in another decline. To conquer the coveted $0.40 area, ADA must break above the Fibonacci 1 level (currently at $0.3824).

 

qLooking forward to an explosion...