Trending Coins for February 24, 2024: STRK, JASMY, EGO, UNI, COTI

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RESULTS

The list of coins that appeared on the top 5 trending coins for last week has been completely replaced by a new set. This shows that the crypto market is getting more active as we approach Bitcoin Halving Day. Without delay, let’s examine each of these tokens one after the other.

Starknet (STRK)

Major Bias: Bullish

The Starknet token has appeared in the top spot of this week’s list of trending coins. As of the time of writing, it has recorded a price decline of 6.62%, while it saw a much larger 18.94% decline over the past 7 days. It also has a market capitalization of $1.39 billion and a trading volume of $491 million. This is a recently launched token and therefore will be studied in a time frame of 1 hour.

On the daily chart, the price of this token peaked at the $3.00 mark, and over time it seems to settle above the $1.90 mark. However, the ongoing session has produced minimal upside correction. This saw the current price of the token rise above three lines of the green Guppy Multiple Moving Average (GMMA) curves. Furthermore, the Moving Average Convergence Divergence (MACD) lines are converging, with the indicator bar below the centerline now pale. Consequently, this suggests that upside forces are gaining momentum. As a result, prices may rise to around the $2.00 mark.

Current Price: $1.91
Market Capitalization: $1.39 billion
Trading Volume: $491 million
7-Day Gain/Loss: 18.94%

JasmyCoin (JASMY)

Major Bias: Bearish

JasmyCoin stands in the second spot on this week’s list of trending coins. The token saw a 17.10% price decline in 24 hours. Meanwhile, its price had increased by 107.58% over the past seven days. Its market capitalization is $625 million, while its trading volume is $390 million.

On the daily chart, it could be seen that the price of this token had terminated its recent price spike at the $0.01600 mark. As a result, the market corrected downward sharply for two sessions, above the GMMA indicator lines. In the current session, it appears that buyers are resuming activity in the market as a hammer price candle has shown up on the chart and above the GMMA lines. In addition, the MACD indicator lines still have an upside orientation above the equilibrium level. This is so despite the pale green appearance of the indicator’s bar above the centerline. At this point, the use of bullish crypto signals still seems okay, as prices may rebound upwards from here toward the $0.01600 mark.

Current Price: $0.01297
Market Capitalization: $625 million
Trading Volume: $390 million
7-Day Gain/Loss: 107.58%

EGO

Major Bias: Bullish

EGO is the third token on this week’s list of trending coins. It saw an additional price increase of 3.81% over the past 24 hours and a 19.88% price increase over the past 7 days. However, the token has a market capitalization of just $2.4 million but a much bigger daily trading volume of $3.26 million.

Looking at the token’s daily chart, we can see that it seems to have been in an uptrend when the market is observed on a medium-term basis. About three sessions ago, the market moved upwards considerably. The ongoing session has shown upside intentions. Also, the token has continued trading above the GMMA line with the aid of the last price candle on the chart. Furthermore, the MACD indicator lines have risen past the equilibrium level, and its latest bar is now solid green in appearance, which suggests that upside forces are strong. With this, traders can hope that prices will approach the $0.0500 mark.

Current Price: $0.04255
Market Capitalization: $2.4 million
Trading Volume: $3.27 million
7-Day Gain/Loss: 19.88%

Uniswap (UNI)

Major Bias: Bullish

Uniswap has arrived in the fourth position on this week’s list. The coin saw a significant price increase today and has seen a 67.28% price increase over the past seven days. It has a market capitalization of $7.5 billion and a daily trading volume of $2.6 billion.

Over the past two sessions, we have seen that the market has spiked upward. Today’s trading activity has brought the market above the $12.00 threshold. Trading activities are now above the GMMA indicator lines. At the same time, it could be seen that the MACD indicator lines are still rising upwards above the centerline of the indicator. Consequently, we can expect that the market may extend the upside retracement towards the $13.00 mark at least.

Current Price: $12.450
Market Capitalization: $7.5 billion
Trading Volume: $2.6 billion
7-Day Gain/Loss: 67.28%

COTI

Major Bias: Bullish

The COTI token has clinched the fifth spot on this list of trending coins. The coin has performed quite well today, as its price increased by an impressive 43.81%. It has also seen a price increase of 55.16% over the past 7 days. Meanwhile, it has a market capitalization of $213 million and a daily trading volume of $177 million.

On the daily chart, this market has been on a sharp uptrend since early this month (February). The uptrend seems to have increased in momentum since the previous session. The ongoing session saw the token’s price rise through the $0.1300 resistance. This has further pushed the token’s price above the GMMA indicator. Likewise, the MACD lines have risen further upwards above the equilibrium level. The bars of the MACD have grown taller above the equilibrium level, despite the moderate downward correction seen in the last price candle on this chart. Consequently, this suggests that the market may hit the $0.1500 mark shortly.

Current Price: $0.1393
Market Capitalization:$213 million
Trading Volume: $177 million
7-Day Gain/Loss: 1.28%

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