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This week’s list of trending coins features more well-established cryptocurrencies rather than newly launched ones. However, a newly launched token leads the pack due to its notable price movement over the past 24 hours and the last seven days. This is particularly striking given that the general crypto market is experiencing strong bearish pressure, especially in the Bitcoin market.
AND IT’S GONE (GONE)
Major Bias: Bullish
As mentioned earlier, the GONE token tops this week’s list of trending coins. The coin has recorded a 78.22% price increase over the past 24 hours and a 34.02% gain over the past seven days. It also has a market capitalization of $1.82M and a trading volume of $4.82M.
The token’s price chart is a line graph, and the color of the line indicates a bullish market. This suggests that upside forces are dominant. Likewise, the price chart shows significant fluctuations while maintaining a general upward trajectory. Currently, the trend suggests that price action is heading toward the $0.00200 price level.
Current Price: $0.001824
Market Capitalization: $1.82M
Trading Volume: $4.82M
7-Day Gain/Loss: 34.02%
Thorchain (RUNE)
Major Bias: Bullish
Coming in second on this week’s list of trending coins is RUNE. This coin has been trending throughout the previous week and has maintained its momentum. However, over the past seven days, it has seen a 2.01% price increase and a 2.78% decline. It has a market capitalization of $451.44M and a trading volume of $1.15B.
On the price chart, price action has fallen below the 20-day Moving Average (MA) line. The last two candlesticks are positioned below all MA lines and are closely hugging the 20-day MA line. The latest candlestick appears green.
Additionally, the Stochastic RSI lines are converging for a potential bullish crossover just above the 50 mark. If this crossover occurs, price action could rise above the 20-day MA line, leading to short-term gains toward the $2.00 price level.
Current Price: $1.284
Market Capitalization: $451.44M
Trading Volume: $1.15B
7-Day Gain/Loss: -2.78%
Stellar (XLM)
Major Bias: Bullish
Stellar takes the third position on this week’s list of trending coins. It has seen a 4.78% price increase over the past 24 hours but a 4.65% decline over the past seven days. The token has a market capitalization of $9.61B and a trading volume of $386.86M.
The ongoing session remains bullish but appears compressed below the 20-day MA line. However, the Stochastic RSI lines continue rising. While price action remains constrained beneath the MA lines, the Stochastic RSI’s sharp upward movement suggests potential exhaustion. As a result, the upside target may only reach the $0.3705 mark.
Current Price: $0.3126
Market Capitalization: $9.61B
Trading Volume: $386.86M
7-Day Gain/Loss: -4.65%
Hedera Hashgraph (HBAR)
Major Bias: Bullish
HBAR has also appeared on this week’s list of trending coins, ranking fourth. However, it has recorded notable price increases in recent sessions. Over the past 24 hours, HBAR has gained 7.78%, while over the past seven days, it has grown 18.24%. The token has a market capitalization of $10.38B and a trading volume of $898.16M.
Price action in the HBAR daily market has rebounded strongly from the $0.1906 price level. However, the 50-day and 100-day MA lines have crossed above price action, creating strong resistance. As a result, the current session has turned red, reflecting a slight price decline.
Meanwhile, the Stochastic RSI lines remain upward-facing, suggesting that price action may still test the resistance at $0.2674.
Current Price: $0.2462
Market Capitalization: $10.38B
Trading Volume: $898.16M
7-Day Gain/Loss: 18.24%
WhiteRock (WHITE)
Major Bias: Bullish
Last but not least on this week’s list of trending coins is WhiteRock (WHITE). The token has seen a massive price increase of 107.72% over the past 24 hours and a 433.24% gain over the past seven days. It has a market capitalization of $427.52M and a trading volume of $30.90M.
On the daily price chart, price action has hit resistance at the $0.001000 level. The market retraced significantly downward, but price action remains in bullish territory. Additionally, price action is still above the 20-day MA line.
The Stochastic RSI lines are converging at the 100 level, indicating overbought conditions. The lines are now moving sideways, suggesting a potential slowdown in momentum. However, price action may still progress steadily toward the $0.001000 resistance level.
Current Price: $0.0006510
Market Capitalization: $427.52M
Trading Volume: $30.90M
7-Day Gain/Loss: 433.24%
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