Trending Coins for June 8, 2024: NOT, MINU, BRISE, DOG, and CPOOL

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RESULTS

The newly launched but trendy Notcoin has retained the top spot on the trending coin list. The coin reached the top spot last week and has held on tightly since. While other newly launched coins have made it to the list of top 5 most trendy tokens, let’s examine them one after the other.

Notcoin (NOT)

Major Bias: Bearish

Notcoin has delivered some impressive performance over the past week, as its price has increased by 65% in the past 7 days. Meanwhile, the market has seen a price decline of 7.05% in today’s trading activity. This coin has a market cap of $2.09 billion and an equally impressive trading volume of $1.28 billion. All these truly depict the coin’s trending characteristics.

Price action in the 4-hour market can be seen rebounding upward, off the 50-day Exponential Moving Average line. Be that as it may, the current session has also bounced off the 20-day EMA line as resistance. Nevertheless, the token continues to trade above the psychological level of $0.02000. The Moving Average Convergence Divergence (MACD) lines can be seen attempting to remain above the equilibrium level. The bars of the MACD are now pale red as the lines of this indicator are turning sideways. Looking at the overall trend of the market, a continued upside correction toward $0.02250 may be anticipated.

Current Price: $0.02024
Market capitalization: $2.09 billion
Trading Volume: $1.28 billion
7-Day Gain/Loss: 65%

Minu (MINU)

Major Bias: Bullish

The Minu token has made it to the second spot on this week’s list of trending cryptocurrencies. The token has gained some traction today and over the past 7 days. Today’s trading activity has seen the token gain 9.59% in value. Meanwhile, over the past seven days, its price has only increased by 10.25%. This coin has a market capitalization of $2.89 million, while its trading volume appears much larger at $5.35 million.

The market broke through two technical levels at once during the past eight sessions. The market had broken through another technical level at the $0.0000006000 mark more recently, but headwinds forced the market to retreat below that price level. The current session has kept trading activities above the EMA lines, testing the $0.0000005000 mark as resistance. Furthermore, the MACD lines are still above the equilibrium level. They can be seen maintaining a slightly upward trajectory, even though the indicator bars are pale green. Therefore, traders can still anticipate a resurfacing above the $0.0000005000 price level towards the $0.0000006000 level.

Current Price: $0.0000004843
Market Capitalization: $2.89 million
Trading Volume: $5.35 million
7-Day Gain/Loss: 10.25%

Bitgert (BRISE)

Major Bias: Bearish

The BRISE token stands in the third spot on this list of trending coins but has only seen an overall price decline over the past 7 days and so far today. The token has printed a price decline of 6.41% in today’s trading activity and a 2.31% price decline over the past 7 days. The token’s market cap as of the time of writing was $63.97 million, with a trading volume of $13.77 million.

Price action in this market has been on a gradual decline over the past two sessions. The current session has placed the token’s price below the EMA lines. At the same time, the MACD indicator lines are convergent for a bearish crossover near the equilibrium level. At this point, the market is looking for support at the $0.0000002000 mark, and it seems like the most probable occurrence. Crypto signals having that mark as a target may be worth using.

Current Price: $0.0000001606
Market capitalization: $63.97 million
Trading Volume: $13.77 million
7-Day Gain/Loss: 2.31%

Dog (DOG)

Major Bias: Bearish

Hanging in the third position is the DOG token. The coin has seen a price decline of 1.20% so far in today’s trading activity, and over the past seven days, it has recorded a price increase of 3.34%. Furthermore, the token has a market cap of $779.34 million as of the time of writing and a trading volume of $56.50 million.

Price action in this market has steadily made its way into the bear zone. As a result, price action can be seen retreating below a technical price level in that region. Nevertheless, it appears that headwinds are now pulling the brakes near the Fibonacci Retracement level as support. This behavior can be seen through the reducing size of subsequent price candles since two sessions ago. Trading activity in this market remains at a considerable distance above the 20-day EMA line. However, the MACD lines can be seen converging for a bullish crossover above the equilibrium level. By implication, this suggests that headwinds may push the market toward the EMA lines at $0.006689 for support.

Current Price: $0.007770
Market Capitalization: $777.34 million
Trading Volume: $56.50 million
7-Day Gain/Loss: 3.34%

Clearpool (CPOOL)

Major Bias: Bearish

Last but not least on this week’s list of trending cryptocurrencies is the CPOOL token. This coin has seen a price decrease of 9.24% in today’s trading activity alone. Meanwhile, it has seen a price increase of 23.51% over the past 7 days. Its market cap stood at $144.05 million as of the time of writing, with a trading volume of just $5.03 million.

As of the time of writing, the CPOOL token was trading just above the 50 level of the Fibonacci Retracement tool. The ongoing session is bearish but is occurring above the 20- and 50-day EMA lines at a considerable distance. The MACD indicator continues to reflect the momentum gain of downward forces, as the last bar of this indicator is now pale green. At this point, the market may either rebound upwards through the $0.2500 mark or fall below the important level at $0.2012.

Current Price: $0.2290
Market Capitalization: $144.05 million
Trading Volume: $5.03 million
7-Day Gain/Loss: 23.51%

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