Trending Coins for February 10, 2024: DYM, GORILLA, MAVIA, DRAGON, JUP

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RESULTS

It’s all newly launched coins this weekend on this week’s list of trending coins. Surprisingly, no coin on this week’s list has been in existence for more than three months. Yet, they have gathered significant traction and fame, which stands to reason for their appearance on the list of top five most sought-after coins, over the past 7-days.

Dymension (DYM)

Major Bias: Bullish

The Dymension token tops this week’s list of trending coins. While it saw a price surge of over 88% over the week, this token has, as of today, printed an additional 0.53% price increase. Also, the token has a market cap of $1.10 billion and a 24-hour trading volume of $240.99 million. While this coin was launched around the 7th of this month (February), its price action has been rising upwards, making new highs.

This market has started latching on to higher marks, as depicted by the price candle corresponding to the ongoing session. Consequently, this token now trades above the red and green sets of the Guppy Multiple Moving Average curves. Likewise, the Stochastic Relative Strength Index (SRIS) indicator has delivered an upside crossover around the 20 marks of the indicator. With the ensuing lines projected upwards, one can deduce that prices may be heading toward the $8.00 mark.

Current Price: $7.522 Market
Capitalization: $1.10 billion
Trading Volume: $240.99 million
7-Day Gain/Loss: 88.22%

Gorilla (GORILLA)

Major Bias: Bullish

The Gorilla token has also displayed an impressive performance this week. Consequently, this has placed the token in the second spot on this week’s list of trending coins. Today alone, this token has seen a price increase of 20.79%. Meanwhile, the past 7 days have yielded a price increase of 117% for this token. Its market cap stood at $5.84 million as of the time of writing, while its trading volume was $3.58 million.

On the daily chart, price action started rising more vigorously when it hit the base level at the $0.002029 mark. Over time, this market rose past multiple price marks and now trades above the two sets of the GMMA indicator lines. Meanwhile, the ongoing session has tested the $0.008000 mark but seems to be strong resistance, as price action was rejected. Nevertheless, the SRSI indicator lines retain their upside bearing despite converging for a crossover. Consequently, this suggests that traders can continue to make use of bullish crypto signals for this token with targets around the $0.008100 mark.

Current Price: $0.007075 Market
Capitalization: $5.85 million
Trading Volume: $3.58 million
7-Day Gain/Loss: 117%

Heroes of Mavia (MAVIA)

Major Bias: Bullish

The Heroes of Mavia token has also arrived in the third spot on this week’s list of trending coins. The token has recorded an additional price increase of 28.40% today and has seen a surpassing price increase of 154.32% over the past 7 days. Although it has a self-reported market capitalization of $218.60 million, the token has a sizeable 24-hour trading volume of $156.54 million.

The price action of this token shows that buyers are active in this market, as the price action has continued rising upwards a couple of hours after the token’s launch. While the ongoing session continues to occur above the GMMA lines, which suggests that this market has a bullish characteristic, the ongoing session has produced a minor downward correction of price. Nevertheless, the SRSI lines have an upside trajectory despite the minor correction seen on the leading indicator curve. Therefore, traders can still hold on to the hope of price action rising towards the $7.500 price level.

Current Price: $7.106 Market
Capitalization: $218.60 million
Trading Volume: $154.32 million
7-Day Gain/Loss: 154.32%

DragonCoin (DRAGON)

Major Bias: Bearish

The DragonCoin seems to be the only token on this list of trending coins that has been bearish for the past 7 days. Likewise, today, the token has seen a further price decline of 31.00%, while over the week, the token saw a 63.46% price decline. Furthermore, this token only has a self-reported market cap of just $1.210 million but a more significant trading volume of $3.90 million. The trading chart for this token has further revealed what’s going on in this market.

The market has been falling toward support over the past two trading sessions. The ongoing session has brought the market to now stand on the very first line of the red GMMA lines. Meanwhile, the SRSI indicator suggests that the trend may continue as the indicator line keeps falling into the oversold region of the indicator. Therefore, traders can brace to see price action in this market fall towards the $0.00001226 mark.

Current Price: $0.00001226
Market Capitalization: $1.210 million
Trading Volume: $3.90 million
7-Day Gain/Loss: 63.46%

Jupiter (JUP)

Major Bias: Bullish

The Jupiter token has slipped from last week’s position at the top of this list to a meager fifth position in this week’s list of trending coins. This token has seen a price decline of about 10.11% over the past 7 days, while today has seen a recovery of just 1.28%. Also, the market cap of this token was $689.33 million at press time, while its trading volume was $246.31 million. Coming to the token’s market chart, it could be seen that price action seems to be aligned at a psychological level that has remained generally unbroken.

Although the activity of the GMMA and the SRSI indicator lines seems to threaten the ability of this support at the $0.5000 mark to hold, the appearance of a tiny green price candle for the ongoing session seems to offer some challenges to headwinds in this market. Also, a closer look at the SRSI indicator line reveals that the indicator seems oriented more sideways now, due to the appearance of the last green price candle on this chart. Consequently, traders can anticipate a rebound, at least towards the $0.5150 mark.

Current Price: $0.5075
Market Capitalization: $689.33 million
Trading Volume: $246.31 million
7-Day Gain/Loss: 1.28%

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