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This week’s list of trending coins has introduced several new entries, with more prominent coins from last week being displaced. Bitcoin has gained significant traction and has appeared on this list for the first time. Other newly launched coins, like AEVO, have also made their debut.
Pepe (PEPE)
Major Bias: Bullish
Pepe has climbed to the top of this week’s trending cryptocurrency list. This crypto has recorded an additional 5.33% price increase in the ongoing session and a 62.40% price increase over the past 7 days. The market cap of Pepe, at the time of writing, was $6.38 billion, with a trading volume of $2.25 billion.
The price chart shows that the market is on an uptrend.
The last price candle almost tested the resistance level at the $0.00001600 mark. Additionally, price action is above the Exponential Moving Average (EMA) curve. Meanwhile, the Stochastic Relative Strength Index (SRSI) lines are in what would be a bearish crossover in the overbought region, but the indicator lines are moving sideways. This suggests that bulls are still in control and may push towards higher levels around the $0.00001600 mark.
The Hooked Protocol market has arrived in the second position on this week’s list of trending cryptocurrencies. However, its price has not seen significant upward movement. As of the time of writing, it has experienced a 1.91% price decline in the current session and an 11.89% price increase over the past 7 days. Its market cap stands at $134.35 million, with a trading volume of $13.12 million.
On the price chart, price action has risen past the 21-day EMA indicator line. However, a minimal downward correction has occurred over the past two trading sessions, yet price action remains above the EMA line. Meanwhile, the SRSI indicator lines are still in the overbought region but are trending downward bearishly. However, since price action is still above the EMA line, upside forces have the chance to stage a rebound, at least of the EMA line at the $0.8835 mark.
Current Price: $0.9239
Market Capitalization: $134.35 million
Trading Volume: $13.12 million
7-Day Gain/Loss: 11.89%
Notcoin (NOT)
Major Bias: Bullish
Notcoin, the newest coin on the block, has managed to gather some bullish traction. It has made its debut on this week’s list of trending cryptocurrencies. Today’s trading activity has seen a 16.48% price increase, despite a 15.90% price decline over the past 7 days. Its market cap is $566.61 million, with a trading volume of $187.95 million.
Market activity for this token is analyzed on an hourly price chart for a clear visualization of price behavior. The last price candle has appeared above the technical price mark at the $0.005000 mark, indicating intensified bullishness. Additionally, price activity is above the EMA lines, and the SRSI lines remain in the overbought region. This suggests the market is in an uptrend, with the potential to reach the $0.006000 mark.
Current Price: $0.005647
Market Capitalization: $566.61 million
Trading Volume: $187.95 million
7-Day Gain/Loss: 15.90%
Aevo (AEVO)
Major Bias: Bullish
The AEVO token is another newly launched coin, ranking fourth on this week’s list of trending coins. As of the time of writing, the coin has experienced a 2.56% price increase in the current session and a 7.68% price increase over the past 7 days. It has a market cap of $745.91 million and a trading volume of $59.68 million.
Price action in this market broke through the EMA lines three sessions ago on an hourly price chart and has remained above that line since. The ongoing session shows the market’s readiness to approach higher levels, as indicated by the last price candle. The SRSI indicator lines continue to rise towards the overbought region. Technically, both the SRSI and the EMA indicate that prices are likely to progress upwards towards the $0.900 mark.
Current Price: $0.879
Market Capitalization: $745.91 million
Trading Volume: $59.68 million
7-Day Gain/Loss: 7.68%
Ondo (ONDO)
Major Bias: Bullish
Ondo is the last token on this week’s list of trending cryptocurrencies. In today’s trading activity, the market has seen an additional price increase of 8.70%, with a 28.38% increase over the past 7 days. The market cap of the ONDO token is $1.69 billion, with a trading volume of $383.63 million at the time of writing.
The daily chart shows that the market has been in an overall uptrend since the token’s launch. Recently, the market has picked up more bullish momentum after prices consolidated around the $0.800 mark. Today’s trading activity has pushed the market further above the $1.00 technical level and the EMA line. Meanwhile, the SRSI lines have made a smooth U-turn upwards above the 80 mark, suggesting bullish crypto signals may still be useful in the market since price action may soon hit the $1.400 mark.
Current Price:$1.1973
Market Capitalization: $1.69 million
Trading Volume: $383.63 million
7-Day Gain/Loss: 28.38%
