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The BOOK OF MEME coin has retained the top spot on this week’s list of trending coins. The coin was recently launched and seems to have gained the most attention since last week. Other cryptocurrencies have seen some meaningful attention, but all fall behind BOME. So, let’s delve deeper for more insight.
BOOK OF MEME (BOME)
Major Bias: Bullish
As earlier mentioned, the BOME token sits in the top spot of this week’s list of trending coins. The coin has recorded a price increase of 1.26% on the day. Meanwhile, the token has seen a price decline of over 44%. As of the time of writing, this coin has a market capitalization of $802.59 million and a trading volume of $879.04 million. The trading volume of this coin is a testament to how trendy it is and has been in recent times.
On the daily chart, it could be seen that the coin has a slight upside trajectory, going by the upward-sloping trendline. The last price candle here has appeared above the Guppy Multiple Moving Average lines, while the Stochastic Relative Strength Index (SRSI) lines have kept to their upside trajectory. Summing up emerging signs from trading indicators, traders can still set their trades utilizing bullish crypto signals as it appears that price action may at least approach the 38.20 Fibonacci Retracement Level at the price level of $0.04561.
Current Price: $0.01464
Market Capitalization: $802.59 million
Trading Volume: $879.04 million
7-Day Gain/Loss: 44.36%
Panda Swap (PANDA)
Major Bias: Bullish
In the second spot is the Panda Swap token. This coin has, as of today, seen a price increase of 17.31%, and over the past seven days, its value has increased by 134.74%. It has a market capitalization of $6.06 million and a trading volume of $4.49 million.
The price chart for this token reveals that price action in the market is quite volatile. However, the market can be characterized as making fairly higher lows as trading activity progresses. Considering the market of late, it appears that price activity has an upside trajectory and keeps closing in on the $0.008000 mark steadily.
Current Price: $0.007400
Market Capitalization: $6.06 million
Trading Volume: $4.49 million
7-Day Gain/Loss: 134.74%
Bitcoin (BTC)
Major Bias: Bullish
Bitcoin has been the center of attention in the cryptocurrency world, wherever it appears. Although it has appeared in the third position on this week’s list, it is still the crown jewel of all the coins on this list, even as we draw closer to the halving event. This coin has seen a price increase of 3.43% today and a price decline of 3.53% over the past week.
It has a towering market capitalization of $1.29 trillion and a trading volume of $32.34 billion.
On the price chart, it could be seen that the market has kept moving from one elevated support to another, even as the bitcoin halving draws nearer. The market had charged towards the $75,000 mark but soon retreated towards the $60,000 support. The ongoing session has printed some gains, bringing price action above the first green line of the GMMA. Although the Moving Average Convergence Divergence (MACD) indicator lines have a bearish trajectory, the last bar of the indicator is now pale red, showing that downward forces are weak. Traders can anticipate price action to approach the $67,000 mark.
Meme AI comes forth on this week’s list of trending coins. Currently trading at $0.00928, this coin has seen a price increase of 19.26% today and over the week seen a price increase of 25.09%. The crypto has a meager market capitalization of $6.76 million and a trading volume of $4.81 million.
On the trading chart, it could be seen that the token has been consolidating sideways between psychological price levels. However, the ongoing session can be seen appearing between GMMA lines. Also, the lines of the MACD indicator lines have continued trending upward; the bars of the MACD indicator lines appear solid green above the equilibrium level. Consequently, traders can still aim at the $0.01300 mark as trading continues for the day.
Current Price: $0.009840
Market Capitalization: $6.76 million
Trading Volume: $4.41 million
7-Day Gain/Loss: 25.09%
Ondo (ONDO)
Major Bias: Bearish
And in the last position on this week’s list of trending coins is the Ondo coin. Today hasn’t smiled that much on the coin as its price has only seen an increase of just 0.50%, while the coin has seen a price increase of 41.17% over the week. As of the time of writing, the coin has a market capitalization of $978.76 million and a trading volume of $225.13 million. On the market chart, it could be seen that price activity seems to be making an effort to return to the previous path of a steep upside trajectory.
Over the recent sessions, it could be seen that the market has steadily retraced to lower price levels. However, the ongoing session has presented some significant upside hopes. The last price candle can be seen placing the coin back above the green GMMA lines. Simultaneously, the last bar of the MACD indicator is now pale red, indicating that headwinds are now weaker. Consequently, this suggests that the market may progress towards the $0.7600 mark.
Current Price: $0.7224
Market Capitalization: $978 million
Trading Volume: $225.13 million
7-Day Gain/Loss: 41.17%
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