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There are just two new entries in this week’s list of trending cryptocurrencies. The majority of the coins on this list have remained from last week. More interestingly, they have held onto their positions and have not been displaced from their spots. Let’s take a closer look at each of these coins for more insight into their performance.
AI Companions (AIC)
Major Bias: Bullish
The AI Companion token has reached the top of this week’s list of trending cryptocurrencies. This token was just launched last month, as reflected in its price activity. As of today, its price has increased by 1.22%, while it has declined by 11.66% over the past seven days. Additionally, the token has a self-reported market capitalization of $80.10 million and a trading volume of $3.46 million.
On the price chart, the coin’s price action peaked at $0.1503 as its price soared after launch. More recent price candles reveal that the market appears to have settled just above the 50% Fibonacci Retracement level. The last price candle on the chart is green, indicating a possible upside rebound off the 50% Fibonacci Retracement level. Meanwhile, the Stochastic Relative Strength Index (Stochastic RSI) lines are trending sideways deep in the oversold region. Any hopes of a bullish rebound toward $0.0900 should be approached with caution.
Current Price: $0.08009
Market Capitalization: $309.37 million
Trading Volume: $112.90 million
7-Day Gain/Loss: -26.41%
Bitcoin (BTC)
Major Bias: Bullish
Bitcoin retained its second position on this week’s list of trending cryptocurrencies. The coin has experienced an upward price rebound of 1.56% today, though its price has declined by 1.75% over the week. Its market cap has bounced back, now standing at $1.25 trillion, with a trading volume of $23 billion.
Bitcoin saw a sharp upside rebound off the support level at $60,000. The last price candle can be seen poking through the middle limit of the Bollinger Bands. However, headwinds appear to be acting against upside progress in the session, as indicated by the upper shadow on the last price candle. Nevertheless, the Stochastic RSI indicator lines are still pointing upwards after an upside crossover in the oversold region. This suggests the market may eventually break the $64,000 level and reach even higher.
NEIRO is the third coin on this week’s list of trending cryptocurrencies. The coin has re-entered the list, having appeared a few weeks ago. It saw a price increase of 22.54% today, with a remarkable 122.31% surge over the past seven days. It has a market capitalization of $900.44 million and a trading volume of $794.99 million.
The token’s price chart reveals that it has been moving toward higher levels. Currently, the price action is hugging the upper limit of the Bollinger Bands. The last price candle on the chart is considerably larger than the previous one and has significantly pushed the market higher. The Stochastic RSI lines are converging for another upside crossover at the 80 mark, suggesting that the upward momentum may continue, possibly breaking the $0.002200 level.
Current Price: $0.002137
Market Capitalization: $900.44 million
Trading Volume: $794.99 million
7-Day Gain/Loss: +122.31%
Sui (SUI)
Major Bias: Bullish
Sui has also retained its position on the list of trending cryptocurrencies from last week. This may be attributed to its strong performance today and over the past seven days. The price of this coin has increased by 9.67% today and by 29.43% over the past week. It has a market capitalization of $6.16 billion and a trading volume of $1.08 billion.
The token’s price chart shows that the coin is now worth more than it was eight months ago. The ongoing session suggests that buyers still have significant strength. The Stochastic RSI indicator has just delivered a bullish crossover above the 20 mark, indicating that the market may continue higher and potentially reach the $2.400 threshold soon.
Solana has remained on the list of trending cryptocurrencies since last week. The coin has seen an additional price increase of 1.63% today and a 3.03% rise over the past week. It has a solid market capitalization of $68.90 billion and a trading volume of $1.37 billion.
Looking at the price chart, the coin’s movement has a slight upward trajectory, as indicated by the drawn upside-sloping trendline. However, recent trading activity has been occurring below the middle band of the Bollinger Bands. Nevertheless, the Stochastic RSI has just delivered a bullish crossover at the 20-mark. The last price candle is green and is currently testing the middle limit of the Bollinger Bands, suggesting the market may soon surpass this level. As a result, traders can utilize crypto signals with higher targets, potentially supporting a retracement to the $150 price level.
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