Trending Coins for November 11, 2023: SOL, BTC, BIGTIME, FTT, and TIA

There have been groundbreaking movements in this week’s list of trending coins as Solana moved to the top of this week’s list from the second position on last week’s list of highly sought-after tokens. Bitcoin has also moved to the second spot from nowhere as the coin gains significant traction, rising from below the $35,000 mark to now trade around the $37,000 mark.

Solana (SOL)

Major Bias: Bearish

The Solana token has continued to break through one resistance after another, even when the market appeared hyperextended. This token has gained an additional 16.95% today, accumulating a more significant price increase of 35.96% in the past 7 days. It has a market capitalization of $23.57 billion and a trading volume of $4.05 billion as of today.

However, its price action faced rejection after thrusting it out of the upper limit of the Bollinger Bands at the $54.00 mark. The rejection brought the token to trade at the $54.06 mark. Similarly, the Moving Average Convergence Divergence (MACD) indicator lines still have an upside bearing above the equilibrium level, reflecting the prevailing bullish momentum in the market. Consequently, this suggests that the upside retracement may continue towards the $60.00 mark.

Current Price: 54.06
Market Capitalization: $23.57 billion
Trading Volume: $4.05 billion
7-Day Gain/Loss: 16.95%

Bitcoin (BTC)

Major Bias: Bearish

As mentioned earlier, Bitcoin has gained significant traction recently, with its price action steadily rising from below the $35,000 mark to now trading very close to the $37,000 mark. Consequently, this token has secured the second spot on this week’s list of trending cryptocurrencies. However, it has only seen a marginal price increase of 0.86% today and 6.81% over the week. Its market capitalization has grown to approximately $725 billion, with a trading volume of $22.39 billion. On the price chart, it is evident that price activities bounced off the uppermost limit of the Bollinger Bands indicator, resulting in moderate losses.

Nevertheless, Bitcoin continues to trade above the middle limit of the Bollinger Bands, and the MACD lines remain higher above the equilibrium level. Additionally, the lines of this indicator appear tangled, with no clear indication of a downward crossover. Therefore, Bitcoin is likely to return above the $37,200 mark shortly.

Current Price: $36,995
Market Capitalization: $725 billion
Trading Volume: $22.39 billion
7-Day Gain/Loss: 6.81%

Big Time (BIGTIME)

Major Bias: Bearish

The Big Time token has secured the third position on this week’s list of trending coins. It experienced notable upside traction in today’s trading activities, with its price increasing by 18.09%, while it has gathered just 16.11% in the past 7 days. It boasts a market capitalization of $35.65 million and a trading volume of $63.15 million. However, due to its relatively short existence, we need to analyze it in a shorter time frame of 4 hours. In this time frame, the token seems less impressive than depicted by its gathered metrics.

Here, its price action corrected sharply downwards in the previous session, and the ongoing session continues the trend with reduced volatility. The MACD lines have risen above the equilibrium level, while trading activities persist above the middle limit of the Bollinger Bands. As it stands, prices may reach the $0.16041 price mark.

Current Price: $0.16571
Market Capitalization: $35.65 million
Trading Volume: $63.15 million
7-Day Gain/Loss: 18.09%

FTX Token (FTT)

Major Bias: Bearish

The FTX token recently experienced sudden volatility after consolidating within a narrow range of $1.00 and $1.50. This shift propelled the token to the fourth position this week, showcasing a significant price surge of 273.64% in the past seven days, with an additional increase of 64.38% within the last 24 hours. FTX boasts a trading volume of $849 million and a market capitalization of $1.45 billion.

Daily market price action minimally reversed after breaching the $4.00 mark, settling at $4.15. The price remains beyond the uppermost limit of the Bollinger Bands indicator. Furthermore, the MACD lines are steadily rising, with the leading line above the equilibrium level. Trading activities suggest that this market remains projected towards the $5.00 mark.

Current Price: $4.15
Market Capitalization: $1.45 billion
Trading Volume: $849 million
7-Day Gain/Loss: 64.38%

Celestia (TIA)

Major Bias: Bearish

The Celestia token maintains its position as the fifth-trending coin this week. Despite impressive metrics, including a 47.07% price increase in today’s session and an overall gain of 50.50% over the past seven days, coupled with a market capitalization of $520 million and a trading volume of $443 million, the price chart reveals a decline in upside momentum.

The MACD indicator lines generally project upwards, but the bars present a contradictory pale green appearance, indicating a diminishing bullish momentum. Consequently, both traders and holders of this token should be prepared for its price to approach the $3.50 mark.

Current Price: $3.25
Market Capitalization: $520 million
Trading Volume: $443 million
7-Day Gain/Loss: 14.87%

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