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Power has shifted in this week’s list of trending coins. Leading the pack is the Fort Knox (FORT KNOX) token, which has emerged as the most popular coin, likely due to its recent launch and the significant hype surrounding it. Several other tokens have also made the list. Let’s dive into the details below.
Fort Knox (FORT KNOX)
Major Bias: Bullish
The Fort Knox token tops this week’s list of trending coins, having gained 139.91% in the past 24 hours and 139.66% over the past 7 days. It holds a market capitalization of $1.96 million and a trading volume of $4.85 million. At the time of writing, FORT KNOX is trading at $0.001987.
On the price chart, the trend line is green and maintains an upward trajectory, indicating a bullish market run. This aligns with the token’s position at the top of the trending list. Given the sustained upward momentum, traders might target the $0.002200 price level. However, a potential trend reversal should also be considered.
Current Price: $0.001987
Market Capitalization: $1.96M
Trading Volume: $4.85M
7-Day Gain/Loss: +139.66%
Pi (PI)
Major Bias: Bearish
Pi (PI) holds the second spot on this week’s trending list but has not recorded any gains in the past 7 days or 24 hours. Instead, PI has dropped by 26.20% in the past 24 hours and 20.14% over the past 7 days. It has a market capitalization of $9.58 billion and a trading volume of $805.45 million. At the time of writing, PI is valued at $1.32.
Price action continues to trend downward, moving toward lower levels. The 20-day and 100-day Moving Average (MA) lines are converging for a bearish crossover above the price action, reinforcing the bearish outlook. Additionally, while the last price candle appears as a small green candle, the crossover suggests that downward pressure remains strong.
The Stochastic RSI lines are moving sideways in the oversold region, indicating that selling pressure remains dominant.
Current Price: $1.32
Market Capitalization: $9.58B
Trading Volume: $805.45M
7-Day Gain/Loss: -20.14%
SuperRare (RARE)
Major Bias: Bullish
The SuperRare (RARE) token takes the third spot, having recorded a 32.86% gain in the past 24 hours and an 8.28% increase over the past 7 days. It has a market capitalization of $50.55 million and a trading volume of $157.48 million.
Since January, RARE has been retracing lower price levels, but recent price action suggests a possible breakout from bearish influences. The last price candle shows a sudden price surge, despite some downward contraction. The token’s price remains above the 20-day MA line, and the Stochastic RSI is projected upward, signaling continued bullish momentum.
If the session closes above the 20-day MA line, RARE may continue its upward retracement toward the $0.00700 price level.
Current Price: $0.0623
Market Capitalization: $50.55M
Trading Volume: $157.48M
7-Day Gain/Loss: +8.28%
OG Fan Token (OG)
Major Bias: Bearish
The OG Fan Token takes the fourth spot, recording a 7.68% gain in the past 24 hours and a 5.59% increase over the past 7 days. It has a market capitalization of $16.39 million and a trading volume of $102.70 million.
The last price candle appears as an inverted hammer, signaling potential uncertainty. However, price action remains above the 20-day and 50-day MA lines, indicating some bullish resilience. Despite the bearish look of the last price candle, it remains convergent below the previous price action, suggesting support may be holding.
Additionally, the Stochastic RSI is projected upward and sits above the 50 mark, hinting at further upside potential. If the momentum sustains, OG may proceed toward the $6.00 level.
Current Price: $3.984
Market Capitalization: $16.39M
Trading Volume: $102.70M
7-Day Gain/Loss: +5.59%
THORChain (RUNE)
Major Bias: Bearish
Last but not least, THORChain (RUNE) rounds out this week’s trending coins. As of the time of writing, RUNE has gained 3.03% in the past 24 hours but declined by 7.52% over the past 7 days. It holds a market capitalization of $427.13 million and a trading volume of $248.44 million.
On the price chart, price action remains stagnant, consolidating just above the $1.200 price level. Even the current session appears bearish, with price trading below all MA lines.
Additionally, RUNE is hovering around the 20-day MA line, while the Stochastic RSI continues its descent into the oversold region, reinforcing bearish sentiment. Given these conditions, a breakdown below the $1.200 support level seems likely.
Current Price: $1.217
Market Capitalization: $427.13M
Trading Volume: $248.44M
7-Day Gain/Loss: -7.52%
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