Trending Coins for Today October 14, 2023: BIGTIME, BNB, LOOM, BTC, and SOL

Today’s list of trending coins continues to present intriguing opportunities, similar to last week’s market dynamics. Notably, Bitcoin and Solana have seen some changes in their rankings, while new entrants are soaring to more prominent positions.

Big Time (BIGTIME)

Major Bias: Bullish

Big Time (BIGTIME) is a relatively new project that has quickly gained traction, securing the top spot on today’s list of trending coins. It boasts a daily trading volume of $151.21 million but has experienced an 18.29% price decline. Over the week, however, it has surged by an impressive 197.44%, indicating a strong presence on this week’s trending list.

While the price action has seen minimal gains in the 45-minute market, it’s important to note that trading still occurs below the 21-day Moving Average (MA) line. The Moving Average Convergence Divergence (MACD) indicator shows its lines converging just below the equilibrium level, with the bars becoming shorter. This technical analysis suggests that the token may gain further upside momentum towards the $0.2250 mark.

Current Price: $0.2109
Market Capitalization: Not available
Trading Volume: $151.21 million
7-Day Gain/Loss: 197.44%

BNB

Major Bias: Bearish

BNB, while not the best-performing token for the day, secures the second spot on this list. Daily trading has yielded a minimal profit of 0.22%, but the week has witnessed losses of 3.50%. It maintains a market capitalization of $31.71 billion and a trading volume of $268.87 million.

Examining the daily chart, the outlook appears bearish. Volatility has reduced significantly, and price action remains below the MA line. The MACD indicator’s lines maintain a bearish tone, heading towards lower levels. Although the bars on the MACD indicate a decline in bearish momentum, it’s more likely that prices in this market will fall closer to the $200 threshold, considering other prominent market indicators.

Current Price: $206
Market Capitalization: $31.71 billion
Trading Volume: $268.87 million
7-Day Gain/Loss: 3.50%

Loom Network (LOOM)

Major Bias: Bullish

Loom Network (LOOM) has experienced steady and moderate growth throughout the week. The token has gained 2.33% today and a remarkable 73.55% over the week. It has seen a trading volume of $275.41 million and a market capitalization of $327.90 million.

On the daily market, there has been extended bullish momentum, although the previous session suggested a temporary pause. The ongoing session shows that buyers are making an effort to continue the uptrend. The MACD indicator’s lines project higher levels, indicating the potential for further growth, although the uptrend may be slightly overheated.

Current Price: $0.2703
Market Capitalization: $327.93 million
Trading Volume: $275.41 million
7-Day Gain/Loss: 73.55%

Bitcoin (BTC)

Major Bias: Bullish

Bitcoin secures the fourth position on today’s list, with a modest price increase of 0.32%. Over the week, Bitcoin has experienced losses of 4.00%, dropping from near $28,000 to the $27,000 price level. It boasts a market capitalization of $524.50 billion and a trading volume of $14.34 billion.

Analyzing the daily trading chart reveals that price action in this market corrected off support at the $26,546 price mark. Although the ongoing session appears set to extend the upside correction, it’s also evident that headwinds are exerting pressure. The MACD lines remain above the equilibrium level, but the bars have turned solid red, indicating potential headwinds winning the session. With price action still under the MA curve, a bearish outlook persists, and traders may anticipate prices falling toward the $26,000 threshold.

Current Price: $26,878
Market Capitalization: $524.50 billion
Trading Volume: $14.34 billion
7-Day Gain/Loss: 4.00%

Solana (SOL)

Major Bias: Bullish

Solana holds the last position on this week’s list of trending coins. Despite the losses it has witnessed over the past week, Solana has displayed a promising outlook. It has recorded a daily trading volume of $280.41 million and a market capitalization of $9.23 billion. It has experienced a 3.93% price increase and a 6.31% price decline over the past week.

On the daily chart, this market has been forming higher lows, indicating an upward-sloping trendline. The ongoing session has placed Solana’s price above the 21-day MA line. While the MACD indicator maintains a bearish outlook, with red bars below the equilibrium point, the lines of the MACD are trending.

Current Price: $21.96
Market Capitalization: $9.23 billion
Trading Volume: $280.41 million
7-Day Gain/Loss: 6.31%

Do you want to take your trading to the next level? Join the best platform for that here.