Trending Coins for December 15, 2024: SHANG, MAD, BTC, EGO, and DOGE

Most of the coins from last week’s list of trending coins have stayed on this week’s list. This includes coins such as BTC, MAD, and EGO. This shows that these coins are resilient and their price movements have managed to gather and sustain interest. There are a few new coins on this week’s list too. Let’s take a closer look at each of them.

Shanghai Inu (SHANG)

Major Bias: Bullish

This coin is bullish and has reached the top spot on this week’s list of trending coins. This token has seen a price increase of 19.62% in the past 24 hours, while its price has pumped by a whopping 338.91% over the past 7 days. The token has a self-reported market cap of $1.37M, while its trading volume is $4.6M.

The token price chart reveals that this token is experiencing a strong rally. More recently, the token’s price action can be seen to have ramped upwards, bringing the token to now trade at $0.000000000186. Furthermore, the price chart suggests that prices are still progressing slightly upward. At this point, it seems price action is heading toward the $0.000000000200 price level.

Current Price: $0.000000000186

Market Capitalization: $1.37M

Trading Volume: $4.6M

7-Day Gain/Loss: 338.91%

Mad (MAD)

Major Bias: Bearish

The MAD token is one of the coins that has stayed on from last week’s list of trending coins. As of the time of writing, the coin has seen a price increase of 2.69% and a price increase of 24.66% over the past 7 days. Its market cap stood at $51.62M with a trading volume of $12.85M as of the time of writing.

Meanwhile, the token’s price chart shows that price activity is quite volatile. Consequently, this has assisted the market to make some reasonable upside progress. The ongoing session remains in the green, suggesting that upside forces are still in the lead. The last price candle on this chart is standing at a distance above all the Moving Average (MA) lines.

Nevertheless, the Stochastic Relative Strength Index (RSI) lines have been recently moving sideways at the 80 mark of the indicator. However, a more recent part of the indicator line is now slightly downwards. With price action still above all the MA curves, traders in the market may remain bullish toward the $0.00006000 threshold.

Current Price: $0.00005234

Market Capitalization: $51.62M

Trading Volume: $12.85M

7-Day Gain/Loss: 24.66%

Bitcoin (BTC)

Major Bias: Bullish

While Bitcoin’s price has seen an impressive breakthrough of the $100,000 price level, this token has only reached the third spot on this week’s list of trending coins. The price of BTC has progressed further above the $100,000 threshold level and as of today has seen a price increase of 1.61%. Over the past seven days, it has also seen a price increase of 2.75%, with a market cap of $2.04T and a trading volume of $42.12B.

The price chart for this coin reveals that market participants are generally eyeing the next technical price level at the $105,000 price level. The last price candle on the chart is green, and the price of the coin is placed further higher above all the MA curves on the chart. Likewise, the Stochastic RSI lines can be seen to have aborted a bearish crossover and the lines are now progressing upwards. Technically, indications here align to suggest that the market may soon hit the $105,000 resistance level.

Current Price: $102,788

Market Capitalization: $2.04T

Trading Volume: $42.12B

7-Day Gain/Loss: 2.75%

EGO

Major Bias: Bearish

Even though the EGO token’s price action seems subdued, this coin has been able to sustain trading above important technical landmarks on the daily chart. Going by the available metrics, this token has seen a price increase of just 1.20% today and a price decrease of 9.10%. This coin also has a market cap of just $1.36M and a trading volume of $2.40M.

On the daily price chart, the token’s price action can be seen struggling to see a considerable movement off the MA lines. The last price candle here has appeared as a red price candle with a tiny body. The mentioned price candle keeps the price of the token hugging the 20-day MA curve. Be that as it may, the Stochastic RSI lines can be seen rising out of the oversold region. Therefore, despite the current setbacks, this market seems headed towards the $0.0300 mark.

Current Price: $0.02402

Market Capitalization: $1.36M

Trading Volume: $2.40M

7-Day Gain/Loss: 9.10%

Dogecoin (DOGE)

Major Bias: Bearish

And last but not least, the Dogecoin. This coin recently appeared on this list but missed out last week. As of today, the coin saw a price increase of 1.50% and a price decline of 12.85% over the past 7 days. It has a market cap of $59.36B and a trading volume of $2.99B.

Price action in this market has derailed off the path of making short-term higher lows. This downward rebound brought the market below the 20-day MA curve. Subsequent sessions have been occurring below the 20-day MA line. The current session has appeared as a small green price candle above the rest of the MA curves. The Stochastic RSI lines can be seen falling slightly lower into the oversold region. Nevertheless, market participants can remain bullish towards the $0.4500 price level since price action remains above most of the RSI lines.

Current Price: $0.4027

Market Capitalization: $59.36B

Trading Volume: $2.99B

7-Day Gain/Loss: 12.85%

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