Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Bitcoin is slowly recovering from its recent dip, and other altcoins are beginning to regain bullish momentum. This is reflected in this week’s list of trending coins, which features a completely new set of tokens replacing those from the previous week. Let’s examine each of these coins one by one.
Toncoin (TON)
Major Bias: Bullish
Toncoin takes the top spot on this week’s list of trending coins, having seen a price increase of 16.42% in the past 24 hours and 17.44% over the last seven days. As of the time of writing, the coin has a market capitalization of $8.51 billion and a trading volume of $760.34 million.
On the price chart, the price action shows an upside retracement in the previous session. As a result, despite the occasional dip in the ongoing session, the coin remains above the 20-day moving average (MA). However, the 50-day MA appears to have formed resistance, as the previous session rebounded from this technical landmark.
The Stochastic Relative Strength Index (RSI) lines remain in the overbought zone. However, the indicator lines appear somewhat hyperextended, suggesting that bullish momentum may weaken soon. The $4.00 mark could serve as a strong resistance level in the near term.
Current Price: $3.45
Market Capitalization: $8.51B
Trading Volume: $760.34M
7-Day Gain/Loss: +17.44%
Redstone (RED)
Major Bias: Bullish
RedStone ranks second on this week’s trending coins list. The token has registered a 35.29% price increase in the past 24 hours and a 40.11% gain over the past seven days. It has a market capitalization of $230.64 million and a trading volume of $248.25 million.
As a recently launched token, its price action is best analyzed on a 4-hour chart. This chart shows that price action has been consolidating over the past two sessions, but the market is still trading above the 20-day and 50-day MA lines. The Stochastic RSI lines are slightly declining toward the 80 mark, reflecting the ongoing consolidation. However, with buyers maintaining control, the market could be headed toward the $1.00 mark.
Current Price: $0.8227
Market Capitalization: $230.64M
Trading Volume: $248.25M
7-Day Gain/Loss: +40.11%
Notcoin (NOT)
Major Bias: Bullish
In third place on the trending coins list is Notcoin (NOT), which has experienced a 15.31% price increase in the past 24 hours and an 18.54% gain over the past seven days. At the time of writing, the token’s market capitalization stands at $252.53 million, with a trading volume of $318.33 million.
The market has been declining from one support level to another. However, price action recently rebounded from a psychological support level. While the ongoing session is bearish, the price decline has been minimal, with the token still trading above the 20-day MA. The Stochastic RSI lines are trending upwards, but their exaggerated movement raises concerns that further gains may be limited. A price target of $0.002600 may be reasonable.
Current Price: 0.002497
Market Capitalization: $252.53M
Trading Volume: $318.33M
7-Day Gain/Loss: +18.54%
Ancient8 (A8)
Major Bias: Bullish
Ancient8 takes the fourth spot on this week’s trending coins list, despite experiencing one of the most significant price increases. As of writing, the token has surged 220% in the past 24 hours and 155% over the past seven days. It has a market capitalization of $80.54 million and a trading volume of $79.61 million.
On the price chart, a large bullish candle has recently appeared, pushing the market above the 100-day and 200-day MA lines. However, price movements appear somewhat volatile and unpredictable. The Stochastic RSI lines are rising from deep within the oversold region, suggesting that bullish momentum may continue. A $0.4500 price target could be a reasonable expectation.
Current Price: 0.4091
Market Capitalization: $80.54M
Trading Volume: $79.61M
7-Day Gain/Loss: +155%
Jelly My Jelly (JELLYJELLY)
Major Bias: Bearish
JELLY JELLY rounds out this week’s list of trending coins, though it has posted a remarkable 160.44% price increase in the past 24 hours and 147.23% over the past seven days. The token has a market capitalization of $14.61 million and a trading volume of $44.82 million.
Despite being a newly launched token, the price chart reveals that the market has been undergoing a strong downward correction. However, the previous session saw a significant bullish recovery, pushing the token above the 20-day MA. While the ongoing session remains bearish, the price is still holding above the 20-day MA after rebounding from resistance at $0.0200. Traders may anticipate a retest of this $0.0200 resistance level.
Current Price: $0.01423
Market Capitalization: $14.61M
Trading Volume: $44.82M
7-Day Gain/Loss: +147.23%
Do you want to take your trading to the next level? Join the best platform for that here.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
