Trending Coins for October 5, 2024: HMSTR, BTC, LUNARLESS, SUI, and SOL
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Trending Coins for October 5, 2024: HMSTR, BTC, LUNARLESS, SUI, and SOL

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Azeez Mustapha

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This week’s list of trending coins has seen significant movements and displacements. Coins like HMSTR and BTC have remained, while others from the previous week have been replaced by new top performers. Let’s examine each of these coins for fresh insights into their price movements.

Trending Coins for October 5, 2024: HMSTR, BTC, LUNARLESS, SUI, and SOL

Hamster Kombat (HMSTR)

Major Bias: Bearish

The Hamster Kombat token has stayed in the top spot on this week’s list of trending coins, despite the fact that the coin has seen only minimal gains in today’s trading activity. The price of the token increased by just 0.26% today and has decreased by 26.41% over the past seven days. The token maintains a market capitalization of $309.37 million and a trading volume of $112.90 million.

On the 4-hour chart, the last price candle seems to be settling at the middle limit of the Bollinger Bands (BB) indicator. The market has a slight upward trajectory, with the $0.00500 price level presenting strong resistance to further price increases. The Stochastic Relative Strength Index (Stochastic RSI) lines can be seen oscillating above the 80 mark, indicating that the resistance at the $0.00500 threshold may continue to present a challenge since the market appears to lack direction at the moment.

Current Price: $0.004804
Market Capitalization: $309.37 million
Trading Volume: $112.90 million
7-Day Gain/Loss: -26.41%

Trending Coins for October 5, 2024: HMSTR, BTC, LUNARLESS, SUI, and SOL

Bitcoin (BTC)

Major Bias: Bearish

The second spot on this list is held by Bitcoin. The cryptocurrency saw a minor price decline of 0.17% in today’s trading, while it experienced a more significant 5.86% decline over the last seven days. Its market capitalization stands at $1.22 trillion, with a trading volume of $15.24 billion.

Price action in Bitcoin’s daily market has managed to hold above the $60,000 price level. However, today’s session has produced a slight price decline, keeping trading activity below the middle bands of the BB indicator. Meanwhile, the Stochastic RSI can be seen rising from the oversold region, although this movement can largely be attributed to the previous session’s price increase. Nonetheless, traders may anticipate a retracement toward the middle limit of the BB indicator, potentially guiding the price toward the $67,000 mark.

Current Price: $61,906
Market Capitalization: $1.22 trillion
Trading Volume: $15.24 billion
7-Day Gain/Loss: -5.86%

Trending Coins for October 5, 2024: HMSTR, BTC, LUNARLESS, SUI, and SOL

Lunarlens Coin (LUNARLENS)

Major Bias: Bullish

Lunarless occupies the third spot on this list. The coin saw a price increase of 3.47% today, despite a 5.09% decline over the last seven days. The token has a self-reported market capitalization of $103.39 million and a trading volume of $7.79 million.

Price action in this market has been moving upward following a rebound off the lower limit of the BB indicator. A price surge occurred during today’s trading session, but price action hit a barrier at the $6.00 mark, causing a subsequent pullback. Nevertheless, the market remains above the middle band of the BB indicator. The Stochastic RSI lines are still projected upward from the oversold region, suggesting that the market may aim toward the $6.00 mark in upcoming sessions.

Current Price: $5.19
Market Capitalization: $103.39 million
Trading Volume: $7.79 million
7-Day Gain/Loss: -5.09%

Sui (SUI)

Major Bias: Bullish

Sui ranks fourth on this week’s list of trending cryptocurrencies. The coin saw a price decline of 0.71% today but posted a 7.27% price increase over the past seven days. The token’s market capitalization is $4.86 billion, with a trading volume of $517.76 million.

The price chart reveals that the market has encountered a strong barrier at the $2.00 mark, although it remains largely above the $1.6483 support level. Similarly, the market is staying above the middle band of the BB indicator. While the ongoing session has seen only a minimal price decline, the Stochastic RSI lines are deep in the oversold region. Despite this, the market appears poised for an upside retracement toward the $2.00 mark.

Current Price: $1.7558
Market Capitalization: $4.86 billion
Trading Volume: $517.76 million
7-Day Gain/Loss: +7.27%

Solana (SOL)

Major Bias: Bearish

Solana rounds out the list of trending coins. The token has been mostly bearish over the past seven days, producing a price decline of 0.39% today and a reduction of 9.27% over the week. The coin’s market capitalization stands at $66.72 billion, with a trading volume of $1.22 billion.

The price chart shows that Solana’s price activity is currently below a key resistance level. The upside retracement seen in the previous session failed to continue, with a red price candle forming in the current session. The Stochastic RSI indicator has delivered an upward crossover in the oversold region. Additionally, the last price candle is testing the resistance at the middle limit of the BB indicator. Traders may wait for the market to rise above the BB indicator’s middle limit before committing to further upward moves.
Current Price: $19.67
Market Capitalization: $66.72 billion
Trading Volume: $1.22 billion
7-Day Gain/Loss: -9.27%

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