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As we journey further into the post-Bitcoin halving period, more newly launched coins are beginning to emerge. Some are quickly gaining traction, while others are still fighting to find solid ground. This week’s list of trending coins has arrived with some new coins, while some more prominent cryptocurrencies from the previous week have been displaced. Let’s dive deeper for more insight.
Biaoquing (BIAO)
Major Bias: Bullish
The most trendy of all the coins on this week’s list is the BIAO token. This coin has seen an impressive price movement of 102.41% today alone and a 246.85% price increase over the past 7 days. Meanwhile, this coin only has a self-reported market capitalization of $22.29 million and a trading volume of $5.64 million.
The line chart for the token appears green, signaling that upside forces are in control of price movement. Likewise, bullish volatility seems to have increased in this market since around 8 a.m. today. This has led to the market witnessing some positive volatility, with price action reaching higher support levels and picking up from there. In the meantime, this market may soon hit the $0.02500 mark.
Current Price: $0.02300
Market Capitalization: $22.29 million
Trading Volume: $5.64 million
7-Day Gain/Loss: 246.85%
Notcoin (NOT)
Major Bias: Bullish
The second-most trendy coin this week is Notcoin. This coin has also recorded significant price increases in today’s trading activity alone. The price in the Notcoin daily market has increased by 3.66% today. Meanwhile, the coin’s price has increased by 7.72% over the past 7 days. At the same time, the coin’s market cap has reached $2.13 billion, and its trading volume stands at $1.1 billion.
The token’s price action stands above the 20, 50, and 100-day Exponential Moving Average (EMA) lines. The Moving Average Convergence Divergence (MACD) indicator lines have risen past the equilibrium level, and the bars of the indicator have resumed appearing solid green above the equilibrium level. The last price candle on the 4-hour price chart has a moderately sized body and pokes through the Fibonacci Retracement level of 38.20 as resistance. Although the price in the market seems to have settled below a previous resistance, bulls seem to have the needed strength to push further towards the $0.02500 mark.
The STRUMP token has taken the third spot on today’s list of trending coins. Nevertheless, this coin seems to be the only cryptocurrency here that’s in a downtrend. As of the time of writing, the coin has seen a price decline of roughly 10%. Meanwhile, the same token has recorded an approximate 15% price decline over the past 7 days. Furthermore, this coin has a market cap of $30.30 million and a trading volume of $7.36 million.
On the daily price chart, price action in the market has been consistently correcting towards lower levels for the past five sessions. However, a bullish reversal sign seems to have shown up in today’s trading session. The last price candle here appears as an inverted hammer price candle, sitting on important technical landmarks, such as the 20-day EMA line and the Fibonacci Retracement level of 50. Consequently, technical indications suggest that an upside rebound may occur at this point. Meanwhile, the MACD lines are above the equilibrium level, but their bars are still appearing below the equilibrium level. Nevertheless, traders can trust the effectiveness of the Fibonacci, EMA lines, and candle pattern for an upside rebound towards the $0.02000 mark.
Current Price: $0.01661
Market Capitalization: $30.30 million
Trading Volume: $7.36 million
7-Day Gain/Loss: 15%
io.net (IO)
Major Bias: Bullish
The io.net token stands in the fourth spot on this week’s list of trendy cryptocurrencies. This crypto has printed an additional price increase of 3.49% in today’s trading activity, while it has recorded a 19.19% increase over the past 7 days. The token has a market cap of roughly $510 million and a trading volume of $495 million.
This crypto was recently launched, so it seems convenient to study its price action on an hourly price chart. On the price chart, we can see that the market is staying close to its all-time high. Meanwhile, we can see that price action has been lurking above the 23.60 Fibonacci Retracement level. Also, the last price candle can be seen tightening and appearing almost like a spinning price candle while positioned above the 20 and 50-day EMA lines. Likewise, the MACD lines are still above the equilibrium level and are still trending upward. This suggests that traders might still want to use long crypto signals in this market, as there are still signs pointing to the possibility of a continued price increase.
Current Price: $5.34
Market Capitalization: $510 million
Trading Volume: $495 million
7-Day Gain/Loss: 19.19%
Toncoin (TON)
Major Bias: Bearish
Toncoin has appeared in the 5th spot on this week’s list of trending cryptocurrencies. The coin, as of the time of writing, has seen a 1.32% price increase over the past 24 hours. Meanwhile, the past 7 days have seen the coin register an 11.32% price increase. The token has the biggest market cap among all the coins on this list, at $19.53 billion. Likewise, it has an impressive trading volume of $486.81 million.
On the price chart, we can see that the market has been on an uptrend. This is evident as price action has been making higher support levels, while subsequently taking off from there towards higher marks. Also, despite the minimal downward correction in this ongoing session, the coin continues to trade above the $8.00 mark and the 20-day EMA line. Additionally, the MACD lines are still projected upwards above the equilibrium level, while its bars are solid green. Therefore, it appears that price action may still hit the target at the $9.00 mark soon.
Current Price: $8.72
Market Capitalization: $19.53 billion
Trading Volume: $486.81 million
7-Day Gain/Loss: 11.32%
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