All the coins on this week’s list of trending cryptocurrencies are in the red. While most of the coins on last week’s list have been replaced by new ones, BTC and the STRUMP token have managed to stay. Let’s examine each of these tokens one after the other.
French on Base (FRENCH)
Major Bias: Bearish
The French on Base coin is newly launched, yet it has made it to the top of this week’s list. As of the time of writing, this coin has recorded a price decline of 16.18% on the day and a 9.72% price increase over the past 7 days. Furthermore, the token has a self-reported market capitalization of $8.69 million and a trading volume of $1.62 million.
The coin’s line price chart shows that the market is bearish, as indicated by the red appearance of the line. Also, we can see that price movement has corrected downward off the $0.009000 mark. Considering the mounting bearish momentum in the market, traders can anticipate further price declines towards more technical support at the $0.008000 price level.
Current Price: $0.008900
Market Capitalization: $8.69 million
Trading Volume: $1.62 million
7-Day Gain/Loss: 9.72%
Bitcoin (BTC)
Major Bias: Bearish
Bitcoin has seen a price decrease of 0.85% today while posting a price decrease of 5.04% over the past seven days. The king of coins has a market cap of $1.20 trillion and a trading volume of $22.05 billion. Although Bitcoin has the smallest price decline, it only stands in the second spot.
The price chart reveals that the coin’s price action has been hugging the $60,000 threshold. For about six sessions now, the market has lacked the strength to take a significant leap off that baseline. As it stands, this market is only above the 200-day Exponential Moving Average (EMA) line, while the 20, 50, and 100-day EMAs are above it. This constitutes significant downward pressure on price movement. As a result, the market may still break the support here, dipping towards the $59,000 price level.
The Super Trump token takes the third spot on this week’s list of trending coins. The token has held its ground from last week’s list to retain its current position. As of today, the token has recorded a price decrease of 1.98%. It also has a market cap of $21.66 million and a trading volume of $6.58 million.
On the price chart, we can see that the current session is under huge pressure, as indicated by the appearance of the corresponding price candle. The resistance offered by upside forces is likely to fail because the market has fallen below the 20 and 50-day EMA lines. The MACD lines are now crossing below the equilibrium level, while the bars of the indicator are indicating strong downward momentum. Therefore, traders might still want to utilize bearish crypto signals targeting around the $0.00900 mark.
Current Price: $0.01182
Market Capitalization: $21.66 million
Trading Volume: $6.58 million
7-Day Gain/Loss: 6.01%
Notcoin (NOT)
Major Bias: Bullish
The fourth coin on this week’s list is Notcoin. Again, this coin was launched not more than two months ago but seems to have been making appearances in the big leagues. The token has posted a price reduction of 3.39% and a 0.69% price decline over the past 7 days. It also has a market cap of $1.49 billion and a trading volume of $240 million as of the time of writing.
Meanwhile, on the price chart, price action recently touched down on the 200-day EMA lines and rebounded with a minimal bounce. The last price candle here appears green but hasn’t presented much price increase above the 200-day EMA lines. Also, the MACD lines are now below the centerline, taking a sideways bearing. The bars of the MACD indicate a decline in bearish momentum, but the market seems pressured toward the $0.01400 price level.
Current Price: $0.01456
Market Capitalization: $1.49 billion
Trading Volume: $240 million
7-Day Gain/Loss: 0.69%
Blast (BLAST)
Major Bias: Bearish
Blast has occupied the last place on this week’s list of trending coins. This crypto has recorded a price decline of 9.18% during today’s trading activity and a much smaller price decrease of 1.72% over the past 7 days. Its market cap is $352 million, while its trading volume stands at roughly $200 million.
The token was also recently launched, so its price movement will be examined on an hourly price chart. The price of the token has reduced a bit; however, it hasn’t fallen too far from its highest point since launching. Be that as it may, it should be noted that price movement has fallen below the EMA lines on the chart. This has happened even though the MACD lines are still steadily rising upward from below the equilibrium level. Likewise, the last price candle appeared solid green but had a tiny body. Technically, it appears that the market may rise back above the 20 and 50-day EMA lines, which will likely propel the market to the $0.02250 mark.
Current Price: $0.02250
Market Capitalization: $352 million
Trading Volume: $200 million
7-Day Gain/Loss:1.72%
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