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Most of the coins on this week’s list of trending tokens are gaining momentum. Many of these coins have just experienced a rebound following a downtrend. Most of them haven’t been on this list for a long time but have suddenly become active. Let’s examine each of them one at a time.
Core (CORE)
Major Bias: Bullish
CORE takes the top spot on this week’s list of trending coins. As of the time of writing, the token has registered a price increase of 17.42% in the past 24 hours and 3.59% over the past seven days. Meanwhile, this coin boasts a market capitalization of $464.71M and a trading volume of $102.92M.
The market has been in a prolonged consolidation phase, with price action moving sideways since February. However, today’s session recorded a strong price surge, as seen in the large corresponding price candle. Although the session started strong, the price has pulled back below the 50-day Moving Average (MA), indicating a possible contraction. Nevertheless, the Stochastic RSI lines are trending upwards after crossing at the 50 level, suggesting that the retracement may continue toward the $0.5000 price level.
Current Price: $0.4662
Market Capitalization: $464.71M
Trading Volume: $102.92M
7-Day Gain/Loss: 3.59%
FUNToken (FUN)
Major Bias: Bullish
FUNToken continues to live up to its name, posting significant gains in today’s trading session. It currently holds the second spot on this week’s trending coins list. As of today, the token has recorded a 48.03% price increase and an impressive 178.88% gain over the past seven days. It has a market capitalization of $65.88M and a trading volume of $128.16M.
On the price chart, trading activity has been very strong, with significant price surges in two consecutive sessions. The token is now trading above all the MA lines despite some contractions. Additionally, the 20-day and 50-day MA lines are converging below the price action, signaling a potential bullish crossover. Meanwhile, the Stochastic RSI indicator lines are moving sideways at the 100 level, indicating possible consolidation before the next move.
Current Price: $0.006034
Market Capitalization: $65.88M
Trading Volume: $128.16M
7-Day Gain/Loss: 178.88%
Alpaca Finance (ALPACA)
Major Bias: Bullish
Alpaca Finance ranks among the top-performing coins and takes the third position on this week’s trending list. As of the time of writing, the token has seen a 20.57% price increase in the past 24 hours and 3.58% over the past seven days. It has a market capitalization of $9.31M and a trading volume of $27.83M.
The Alpaca Finance token has been in a downtrend but experienced a sudden price surge today. However, price action has retraced below the 20-day MA line, placing the market below all MA lines. This could indicate resistance ahead. Meanwhile, the Stochastic RSI remains on an upward trajectory after a recent crossover at the 20 level, signaling the possibility of a steady recovery toward the $0.1000 price mark.
Current Price: $0.0595
Market Capitalization: $9.31M
Trading Volume: $27.83M
7-Day Gain/Loss: 3.58%
EOS
Major Bias: Bullish
EOS holds the fourth position on this week’s trending coins list. This follows an 8.03% price increase in the last 24 hours and 4.75% over the past seven days. This suggests that the token has gained momentum, with its recent daily gain nearly doubling its weekly growth rate. EOS has a market capitalization of $929.71M and a trading volume of $217.24M.
On the daily chart, price action is making steady progress, climbing from one support level to another. The latest price candle is positioned just above the 20-day MA line. While there has been some contraction, the token remains above both the 20-day and 50-day MA lines. Additionally, the Stochastic RSI has dropped to the 80 mark but is showing signs of an imminent upward crossover. Traders may consider long positions targeting the $0.6500 price level for short-term gains.
Current Price: $0.5960
Market Capitalization: $929.71M
Trading Volume: $217.24M
7-Day Gain/Loss: 4.75%
LUKSO (LYX)
Major Bias: Bullish
Finally, LUKSO (LYX) rounds out this week’s list of trending coins. The token has recorded a 44.16% price increase in the last 24 hours and a 23.05% gain over the past seven days. It has a market capitalization of $32.14M and a trading volume of $3.55M.
The daily chart shows that today’s session experienced a strong upward retracement before a subsequent pullback. Despite the correction, the token continues to trade above the 20-day MA curve. Meanwhile, the Stochastic RSI indicator remains in an upward crossover just below the 40 level, signaling potential upside momentum. However, with price action still below most MA lines, the market remains vulnerable to further declines toward the $0.9500 level.
Current Price: $1.0065
Market Capitalization: $32.14M
Trading Volume: $3.55M
7-Day Gain/Loss: 23.05%
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