As the broader crypto market continues to remain trapped in the ongoing downtrend, some assets have gained the limelight due to their outstanding performance. Today, data from Phoenix Group highlighted top assets that are in the accumulation zone, pointed

Sonic (S) is at the top position, with its market valuation of $1.8 billion and a price growth of 20.10% over the past 24 hours.

As the broader crypto market continues to remain trapped in the ongoing downtrend, some assets have gained the limelight due to their outstanding performance. Today, data from Phoenix Group highlighted top assets that are in the accumulation zone, pointed out by assets’ performance and key metrics. The accumulation phase means that active investors are accumulating the assets, attracted by current price levels and enthusiastic by their market potential.

TOP ASSETS IN THE ACCUMULATION ZONE $S $COMP $GNO $AIOZ $ZRO $GLM $TFUEL $ID $CKB $ACH pic.twitter.com/bnXgblMFaf

Top assets in accumulation zone

Sonic (S)

Sonic is at the top position, with its market valuation of $1.8 billion and a price growth of 20.10% over the past 24 hours. The altcoin has been consolidating, forming what is called a “robust accumulation zone” since early last month. In other words, the asset has been developing and maintaining buying pressure, with traders accumulating the asset at current prices with the expectation of a breakout.

After a 160% price decline from all-time highs in March 2022, Sonic experienced a significant rebound of 117% from the December lows. This recovery was fueled by heightened on-chain activity, rising adoption, and increased investor interest. As the asset continues to recover, it is poised to break out from its current range and rise to new heights.

Compound (COMP)

Next up is Compound (COMP), a lending protocol token that has been performing remarkably well. The asset, which has a market capitalization of $397.1 million, saw a 2.20% price rise in the past 24 hours.

The asset has been trading within a major accumulation zone, signaling a looming bullish breakout. The altcoin has been facing increased buying pressure, with its price up 2.2% and 10.8% over the past seven days and two weeks ago, respectively. A potential breakout from this accumulation zone could contribute to a massive price surge soon.

Gnosis (GNO)

Gnosis is another asset that has been performing well and showing signs of strong accumulation. The asset, which specializes in decentralized derivatives trading, saw a 5.29% price surge in the past 24 hours.

The asset, which has a market capitalization of $340.4 million, saw a 5.9% price rise in the past seven days and 8.9% in the past two weeks. This indicates that buyers are still in control, setting the stage for higher price growth. A shift in momentum could occur if the asset manages to break out of the $0.60 resistance zone.

AIOZ Network (AIOZ)

AIOZ Network is a blockchain that provides a decentralized video streaming solution. The asset, which has a market valuation of $309.7 million, saw a 2.56% rise in the past 24 hours.

The asset’s price has been up 4.9% and 15.2% over the past seven days and two weeks ago, respectively, confirming its impressive buying trend over the past two weeks. This persistent growth showcases a strong foundation for bullish market sentiment and investor interest.

LayerZero (ZRO)

Last but not least is LayerZero, a blockchain interoperability protocol that is rapidly gaining popularity in the crypto space. The asset, which has a market capitalization of 309.7 million, saw a 22.21% growth in the past 24 hours.

Its value has been up 19.45% and 67.2% over the past seven days and two weeks ago, respectively, indicating continued accumulation momentum pushed by market interest. After a 99.9% decline from all-time highs in April 2022, ZRO experienced a significant recovery of 336% from the December lows.