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Two out of the five coins from the previous week’s list of trending coins have been able to stay on this week’s list of trending coins. Meanwhile, there are three new entrants to the list. Let’s commit more study to the list.
AI Cyclone (CYC)
Major Bias: Bullish
The CYC token is the top coin on this week’s list of trending coins. The token has registered a notable price movement. However, this market was recently launched and has used that as a dragnet to gather traction, as it registered a price increase of 65.73% in the past 24 hours. It also has a market capitalization of $218.22K and a trading volume of $27.26K.
The price of the token can be seen just reclining above the 9-day Exponential Moving Average (EMA) line as of the ongoing session. The noted price candle can be seen appearing red but sits above the 9-day EMA curve.
The Stochastic Relative Strength Index (SRSI) indicator lines can be seen not appearing on the chart due to the fact that the token is a recently launched token. Nevertheless, considering the position of the last price candle on the chart, it could be assumed that this market may still push its way toward the $0.0002000 level.
Current Price: $0.0001636
Market Capitalization: $218.22K
Trading Volume: $27.26K
24-hour Change: 65.73%
Midnight (NIGHT)
Major Bias: Bearish
The Midnight token can be seen to have climbed a step up to claim the second spot on the list of trending coins. It has registered a price increase of 27.1% in the past 24 hours. Similarly, the coin has a market cap of $1.54B with a trading volume of $5.83B.
Looking at the token on a daily chart, it can be seen that price action has been extending its upward correction from a base above the 9-day EMA. However, the last two price candles on the chart face a strong contraction, leaving the token with only minimal upside progress.
The SRSI indicator lines are merged and keep dragging sideways at the 100 mark of the indicator. Considering the overbought condition, the market may pull back but retains a path toward the $0.1000 price level.
Current Price: $0.09
Market Capitalization: $1.54B
Trading Volume: $5.83B
24-hour Change: 27.1%
RateX (RTX)
Major Bias: Bullish
The RTX token has taken the third spot on this week’s list of trending coins. The coin holds a market capitalization of $58.98M. Meanwhile, the token has a trading volume of $585.87M. As of the time of writing, the coin has seen a price increase of 60.72% over the past 24 hours.
The RTX token was launched not too long ago. The last price candle stands above the 9-day EMA curve, despite the fact that the ongoing session is a red price candle. Likewise, the SRSI indicator lines have fallen into the oversold region.
Also, the terminal of the indicator lines continues to keep a downward trajectory. However, considering the fact that price action stands above the EMA line, this hints that this market may still push toward the $4 price level.
Current Price: $3.54
Market Capitalization: $58.98M
Trading Volume: $585.87M
24-hour Change: 60.72%
Yooldo (ESPORTS)
Major Bias: Bearish
The ESPORTS token can be seen retaining the same spot from last week. Despite this, the token has registered a price decline of 3.37% in the past 24 hours. Also, its market capitalization stood at an impressive $106.95M, while its trading volume was $855.41M.
On the token’s daily chart, price activity has an upward trajectory. The corresponding price candle for the ongoing session, however, is a red price candle. But the mentioned price candle seems quite small and presents the impression that upside forces may easily keep the trend, since trading remains above the 9-day EMA curve.
The SRSI indicator lines are still rising steeply upward into the oversold region. As such, this market aligns to proceed toward the $0.5000 price level.
Current Price: $0.4634
Market Capitalization: $106.95M
Trading Volume: $855.41M
24-hour Change: 3.37%
Velo (VELO)
Major Bias: Bullish
The last, but definitely not the least, token on this week’s list is the VELO coin. The token has recorded a price decline of 0.3% in the past 24 hours. Meanwhile, its market capitalization stood at an impressive $108.86M. Its trading volume was registered at $174.34M as of the time of writing.
Looking at the daily chart reveals that price action has been proceeding upward but with a significant amount of friction. This can be observed as price candles appear thinner as they rise through the 9-day EMA curve.
The last price candle on the chart is a green one but seems heavily compressed. At the same time, the lines of the SRSI have risen very high into the overbought region via the lead line.
Meanwhile, the lagging line stands just at the 60 mark of the indicator, while the lead line is already at the 92 threshold. Technically, this affirms dwindling bullish momentum, as the market may pull back toward the $0.00600 mark.
Current Price: $0.006214
Market Capitalization: $108.86M
Trading Volume: $174.34M
24-hour Change: 0.3%
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