Trending Coins for June 1, 2024: NOT, STRUMP, DOG, MEW, and PEPE

Newly launched coins such as Notcoin have suddenly become hotter, topping this week’s list of trending coins. This token has displaced PEPE from the first spot on this list from last week, now becoming the trendiest of all coins at the time of writing. Other memecoins have also shown impressive performance, displacing some of the more prominent coins on this list. Let’s take a closer look at each of them:

Notcoin (NOT)

Major Bias: Bullish

Notcoin stands in the first spot on this week’s list of trending coins. The coin has seen an additional 15% price increase as of the time of writing. Meanwhile, over the past 7 days, there has been an additional price increase of 173%. Its market cap is $1.41 billion, with a trading volume of approximately $670 million.

On the price chart, the token has continued to make higher highs since upside forces won the battle on May 27. Trading activity is now taking place above all the Exponential Moving Average (EMA) curve lines. Today’s trading activity has seen an impressive price increase, taking off from a psychological support level at the $0.01200 mark and hitting the resistance at the $0.01400 level. The last price candle on the chart suggests that the market has hit a wall as prices contracted downward. Nevertheless, price action seems well positioned to break out of this resistance and toward the $0.01600 mark. Consequently, this maintains the relevance of crypto signals targeting around that price level.

Current Price: $0.01356

Market Capitalization: $1.41 billion
Trading Volume: $670 million
7-Day Gain/Loss: 173%

Super Trump (STRUMP)

Major Bias: Bullish

The Super Trump token has made it to the second spot on the list of the five most trendy coins. The token has also seen some impressive bullish thrusts, better than that of NOT. There has been an impressive price increase of 16.10% on the day while recording a price increase of 316% during the week. Its market capitalization is $26.85 million, with a trading volume of $11.69 million. Since this is a recently launched coin, we will examine the market on a 4-hour price chart.

The market has progressed very quickly today but seems to have hit resistance around the $0.01530 price level. The last price candle can be seen, placing the market just below the technical support at the $0.01500 mark. Nevertheless, trading activity continues above the EMA lines. Meanwhile, the SRSI indicator lines have continued downward after delivering a bearish crossover above the 60 level of the indicator. The lower shadow on the last price candle suggests that upside forces are presenting some opposition to further price declines. Consequently, a continuation can be expected towards the $0.02000 price line.

Current Price: $0.014996
Market Capitalization: $26.85 million
Trading Volume:$11.69 million
7-Day Gain/Loss: 316%

DOG GO TO THE MOON (DOG)

Major Bias: Bearish

The DOG token has arrived in the third spot on this week’s list of trending coins. However, it can be seen through its metrics that its prices have declined by 11.52% on the day. During the past 7 days, there has been a price increase of 75%. The market capitalization of the coin is $734 million, while its trading volume stands at $76.51 million.

Price action on the 4-hour chart can be seen correcting downward a bit. However, the market seems to have bounced off the support formed by the 20-day EMA line. In the ongoing session, another bearish price candle has appeared, pointing out that price action lacks what it takes to bounce significantly upwards. The SRSI indicator line is moving sluggishly sideways and has converged for a crossover while in the oversold region. Therefore, the market has the potential to test the psychological support level at the $0.07000 level.

Current Price: $0.07205
Market Capitalization: $734 million
Trading Volume: $76.51 million
7-Day Gain/Loss: 75%

Cat in Dog’s World (MEW)

Major Bias: Bullish

The coin on this week’s list is the MEW token. The coin has seen a price increase of just 0.09% today while printing a price increase of 25% over the week. The coin’s market cap is $382 million, while its trading volume is $81 million.

On the price chart, the MEW token seems to have stabilized after falling below the 20-day EMA line. Ever since price action has been trying to break the psychological resistance at the $0.004500 mark. The price candle for the current session has poked through the 20-day EMA line. Meanwhile, the SRSI lines have continued upward since they picked up from the oversold region. Consequently, this signals that price activity may soon break the resistance price level at the $0.004500 mark.

Current Price: $0.004401
Market Capitalization: $382 million
Trading Volume: $81 million
7-Day Gain/Loss: 25%

Pepe (PEPE)

Major Bias: Bullish

Pepe has fallen to the fifth spot on this list of trending coins. Price action in this market has experienced very little movement, according to the available metrics. The market has only printed a price increase of just 1.85% today, and a decline of 0.47% overall over the past 7 days. The token’s market capitalization is $6.42 billion, with a trading volume of $1.97 billion as of the time of writing.

Price action on the daily chart recently broke through the psychological resistance price level of $0.00001500. The market briefly visited above the $0.00001600 level but regressed below it shortly afterward. However, the last price candle on this chart seems to be lurking around this price line while standing above the EMA lines. Simultaneously, the SRSI lines are now converging for a crossover below the 50 level of the indicator. This suggests that price action may soon rise through the $0.00001600 to obtain support above that mark.

Current Price:$0.00001524
Market Capitalization: $6.42 billion
Trading Volume: $1.97 billion
7-Day Gain/Loss: 1.85%

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