Trending Coins for November 25, 2023: PYTH, TABOO, BLUR, TIA, and SOL

In this week’s list of trending coins, a recently launched coin, PYTH, has performed well enough to appear in the top spot on this list. Meanwhile, Solana, the most valuable of all the coins on this list, has taken a rather modest position. Will there be more movements in these markets? Let’s dive in to find out.

Pyth Network (PYTH)

Major Bias: Bullish

The Pyth Network Token, while sitting in the top spot of this week’s list of trending coins, has been bearish going by its available price metrics. This token has a price decline of 9.73% today and a more significant price decline of 25.48% over the past seven days. Meanwhile, it has a self-reported market capitalization of $732 million and a 24-hour trading volume of approximately $200 million.
On the contrary, the 1-hour price chart reveals a steady uptrend, and the token has been recording minimal profits since the previous trading session. The applied Moving Average Convergence Divergence (MACD) lines are nearly touching the equilibrium level from above. Nevertheless, its bars are still pale, suggesting that downward forces are losing momentum. Likewise, going by price history and technical indications, prices may rise toward the $0.5400 mark.
Current Price: $0.4894
Market Capitalization: $732 million
Trading Volume: $200 million
7-Day Gain/Loss: 25.48%

TABOO TOKEN (TABOO)

Major Bias: Bearish

Going by available metrics, the TABOO TOKEN has lost a fraction of $0.72, which is part of its gain over the past 7 days. Yet the token has appeared in the second spot on this week’s list of trending coins. The token has only gathered a modest 2.42% profit over the week. Furthermore, the TABOO TOKEN has a market capitalization of roughly $26 million and a trading volume of $1.1 million. On the daily chart, it can be seen that price action had previously broken free from below the $0.001281 resistance. Consequently, this caused the token to trade above the $0.002500 mark.
However, there were downward rejections that subsequently pushed prices back below the $0.002500 mark. At this point, the price candle for the session has brought prices even below the Bollinger Bands’ Moving Average. At the same time, the MACD lines now have a downward bearing, while a red bar has appeared below its equilibrium point. Technically, all these align with the fact that price movements may approach support at the $0.002000 mark.
Current Price: $0.002404Market Capitalization: $26 millionTrading Volume: $1.1 million7-Day Gain/Loss: 2.42%

Blur (BLUR)

Major Bias: Bearish

While the Blur daily market chart suggests that the token has a bearish bias, the available metrics suggest otherwise. Here, it can be seen that this token has been consistently bullish over the past seven days. Blur has seen an additional price increase of 0.91% while seeing a more significant one of approximately 99% over the week. It also has a market capitalization of $986 million and a much bigger trading volume of $920 million. On the daily chart, the general price uptrend started when price activity broke through the middle limit of the applied Bollinger Bands indicator.
Things got more explosive in the past three trading sessions as price movements gained more volatility, ramping through the uppermost limit of the Bollinger Bands. Meanwhile, the ongoing session has brought some downward corrections, yet price action seems set to keep going up. The MACD lines stay oriented upward, while price action remains above the uppermost limit of the Bollinger Bands. Therefore, it could be predicted that this market may keep going towards the $0.7000 mark shortly.

Current Price: $0.6124
Market Capitalization: $986 million
Trading Volume: $920 million
7-Day Gain/Loss: 99%

Celestia (TIA)

Major Bias: Bearish

While the TIA token has been around on the list of trending coins for a couple of weeks, the available metrics for this token show that today’s trading session has printed a modest profit of 1.47% for the token. Meanwhile, over the past seven days, there has been a more significant price decline of 17.33%. Additionally, the token has a market capitalization of $818 million and a trading volume of $150 million. In the hourly market, the last price candle is sitting just atop the middle limit of the Bollinger Bands.
Meanwhile, the MACD indicator seems to be hinting that the found support may fail soon. The MACD indicator leading line is now bent sideways after it tested the equilibrium level. Also, the histogram bars of the indicator are now pale green while appearing shorter. Consequently, all these signs suggest that downward forces are taking the lead and will likely cause further price declines towards the $5.40 mark.
Current Price: $5.57
Market Capitalization: $818 million
Trading Volume: $150 million
7-Day Gain/Loss: 17.33%

Solana (SOL)

Major Bias: Bullish

Also, the Solana token has remained on the list of trending coins for more than a month now. Concerning that, available metrics maintain that the market is still presenting swing traders with some profits. As of today, the price of this token has increased by 2.96%, while it has seen a price increase of 4.60% over the past seven days. SOL has a market capitalization of $24.84 billion and a trading volume of $1.48 billion. The price action for this token had bounced off the support at $51.61 in the past three sessions.
Subsequently, trading activities in this market have remained at a considerable occurrence above the $55.00 mark ever since then. With price action above the middle limit of the Bollinger Bands, the ongoing session seems to be eyeing a resurgence above the $60.00 mark. Meanwhile, the MACD hints that downward forces are losing momentum since its latest bar is now pale red. Therefore, traders can eye an upside correction towards the $62.00 mark.

Current Price: $58.53
Market Capitalization: $24.82 billion
Trading Volume: $1.48 billion
7-Day Gain/Loss: 2.96%

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