Trending Coins for October 28, 2023: PEPE, USDP, BTC, RLB, and SOL

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RESULTS

The past seven days have been quite eventful, with Bitcoin rallying through the $30,000 mark to the $35,000 price level. Meanwhile, other crypto has delivered some impressive performance too, but most of them haven’t made it to this week’s list of trending coins.

Pepe (PEPE)

Major Bias: Bullish

Pepe has risen to the top of this week’s list of trending coins, with its price as of the time of writing standing at $0.000001196. Meanwhile, today’s trading activities saw the token record a price decline of 0.98%, while it printed a price increase of 72.22% over the week. This token has a market capitalization of $499 million and a trading volume of $165 million. On the daily chart, this token broke out of trading below the $0.0000007725 price mark via a massive price increase during the past five trading sessions.

While the previous session brought a moderate downward correction, the ongoing session remains bullish despite recording a rejection considering the upper shadow on the price candle that represents the session. Nevertheless, price action stands above the Guppy Multiple Moving Average (GMMA) lines. Consequently, this suggests that the upside retracement may continue towards the $0.0000013000 mark, despite the bearish stand of the Relative Strength Index (RSI) indicator.

Current Price: $0.000001196
Market Capitalization: $499 million
Trading Volume: $16.19 billion
7-Day Gain/Loss: 10.55%

Pax Dollar (USDP)

Major Bias: Bearish

An uncommon participant has appeared on this week’s list of trending coins. What’s unusual about this is the fact that it is a stablecoin. However, this list isn’t about price increases alone; it’s about how sought-after a token has been over the week. Pax Dollar has made it to the second spot on this week’s list of trending coins. Despite the fact that it is a stablecoin, it has witnessed an increase of 0.38% during today’s market activity and a price increase of 0.10% over the past seven days. It also has a market capitalization of $483 million and a trading volume of roughly $3 million.

On the daily chart, the price candle for the ongoing session has been cheap on gains but has risen above the green set of the GMMA line. Also, the Relative Strength Index (RSI) leading line can be seen bent sideways as if attempting a bullish crossover. Therefore, it appears that this stablecoin will bounce back closer to $1.00 from here.

Current Price: $0.9998
Market Capitalization: $483 million
Trading Volume: $3 million
7-Day Gain/Loss: 0.10%

Bitcoin (BTC)

Major Bias: Bullish

Bitcoin has gathered significant traction in recent times, with its price action ramping upwards from near the $27,000 mark through $30,000 to visit the $35,000 mark. Currently, the token price stands above the $34,000 mark. Bitcoin, as of the time of writing, costs $34,114, while its market capitalization stands at $667 billion. Also, it has a trading volume of $14 billion. During today’s trading, this token has printed an additional price increase of just 0.38%, while the week’s trading has seen the token’s price rise by over 14%.

On the daily chart, it could be seen that a green price candle has appeared for the ongoing season, representing the printed profits in this market. The current price of BTC stands above the GMMA lines, which indicates that upside momentum may still be on. Nevertheless, the RSI indicator maintains a bearish trajectory towards the 75 mark of the indicator. It appears more likely that this coin may resume approaching the $35,000 mark.

Current Price: $34,114
Market Capitalization: $667 billion
Trading Volume: $14 billion
7-Day Gain/Loss: 14%

Rollbit Coin (RLB)

Major Bias: Bearish

The Rollbit Coin has moved two places down on this week’s list of trending coins from last week. This coin has seen a price decline of 2.98% today and a price increase of 7.93% over the week. Also, RLB has a market capitalization of $585 million and a trading volume of roughly $4 million. Signs coming from the daily chart of this coin seem bearish, as the Moving Average Convergence Divergence indicator suggests that market momentum is declining, despite the fact that the lines of this indicator are above the equilibrium level.

However, to that effect, it could be seen that the market has been printing losses since the past two trading sessions until now. The ongoing session is represented by an inverted dashed-shaped red price candle, which shows that bears are still active here. Additionally, price action has started descending below the GMMA curves. Therefore, this market may head towards the $0.1600 mark.

Current Price: $0.1768
Market Capitalization: $483 million
Trading Volume: $3.7 million
7-Day Gain/Loss: 7.93%

Solana (SOL)

Major Bias: Bullish

Similar to the RLB token, Solana has also been on this list of trending coins since last week, when it started gaining significant traction. Nevertheless, this token has only moved a place down from where it was last week. Meanwhile, this token has seen a price decline of 1.51% today and a 9.99% price increase over the past week. Additionally, it has a market capitalization of $13.4 billion and a trading volume of $583 million.

On the daily chart, a green price candle has shown up after price action fell through the first GMMA line. Nevertheless, the appearance of the green price candle for the ongoing session has demonstrated that this market may be picking up some upside momentum at this point. Also, this may be a good spot to do that, as price action is still very much above the GMMA lines and the MACD line, which are still above the equilibrium level. Consequently, Solana may be heading towards $34.00 from here.

Current Price: $31.88
Market Capitalization: $13.4 billion
Trading Volume: $584 million
7-Day Gain/Loss: 9.99%

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