Trending Coins for Today, April 2: ARB, XRP, SHIBA, BTC, and BLUR

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RESULTS

This week’s most searched coin on CoinMarketCap is a fair mix of coins from last week and new ones, though not entirely new to being on this list. Meanwhile, the majority of these cryptos are in a downtrend despite being highly searched. Let’s commit more study to these coins.

Arbitrum (ARB)

Arbitrum has retained the top spot on this list as the most sought-after coin on CoinMarketCap. This ARB has a market capitalization of $1,679,100,905 and a trading volume of $675,117,036. This crypto has declined in value by 3.75% in 24 hours. Meanwhile, in the past 7 days, the price of ARB has increased by nearly 6%. On the daily market, ARB/USD price action appears to be in a downtrend. Price action has crossed below the 9-day Exponential Moving Average (EMA) line since about two trading sessions ago. The last price candle on this chart is bearish. Similarly, the Moving Average Convergence Divergence (MACD) indicator is also pointing out that the market looks set to fall lower. Red bars have started appearing on this indicator below the equilibrium level. Also, the lines of this indicator are now trending slightly downward. Going by indications from technical indicators, prices in this market may trend towards support at $1.200 soon.

Current Price: $1.288
Market Capitalization: $1,679,100,905
Trading Volume: $675,117,036
7-Day Gain/Loss: 6%

Ripple (XRP)

During the week, the Ripple market seems to have benefited significantly from favorable fundamentals. This results in the coin’s price ramping upward from around the $0.3750 mark to the $0.5500 mark. However, now this crypto has a market capitalization of $26,509,234,642 and a trading volume of $2,030,303,133, while its price stands at $0.5115. Furthermore, this market has lost 3.50% in value over the past 24 hours and has increased by an impressive 11.52% in the last 7 days. But on the daily chart, XRP still stands at an advantage despite the losses incurred in the past 24 hours. The current price level remains at a significant distance above the EMA curve. Although the MACD reveals a weakness in the uptrend, traders can still stay hopeful since price action and the MACD curves haven’t performed a crossover. Therefore, we may stay hopeful that price action will resume its upward move toward the $0.580 mark. Nevertheless, traders should prepare to exit should the price fall below the $0.475 threshold.

Current Price: $0.5115
Market Capitalization: $26,509,234,642
Trading Volume: $2,030,303,133
7-Day gain/Loss: 11.52%

Shiba Inu (SHIB)

Shiba Inu comes in third on this week’s list with a market capitalization of $6,437,040,681, a trading volume of $216,220,507, and a market price of $0.00001092. Meanwhile, the price of this coin has increased by 2.06% in the last 24 hours and 2.73% in the past seven days. Consequently, this implies that the majority of the profit in this market was recorded today. Looking at the daily chart, it appears that the SHIB/USD market has remained consistent with minimal profits. However, this ongoing session is showing more upside characteristics, as price candles have now crossed above the 9-day EMA line. Additionally, the MACD indicator curve seems to have lately increased momentum towards the 0.00 mark. Similarly, the bars of the Moving Average Convergence Divergence indicator is now green to indicate a gain in bullish momentum. Therefore, price action seems ready to break the $0.00001100 mark and may rise further from there.

Current Price: $0.00001092
Market Capitalization: $6,437,040,681
Trading Volume: $216,220,507
7-Day gain/Loss: 2.73

Bitcoin (BTC)

Bitcoin comes in fourth on this week’s list of the most searched cryptocurrencies on CoinMarketCap. The crypto king also seems to have gained more than it recorded losses. BTC prices have decreased by just 0.25% in the past 24 hours and have increased by roughly 3% over the past 7 days. Also, the market capitalization of this coin is $548,307,019,099, with a trading volume of $13,528,687,462, while its price stands at $28,359.46. On the daily chart, BTC/USD still has a fair chance of hitting the $30,000 mark. However, the last price candle on the chart stays above the 9-day EMA curve. The activities on the Moving Average Convergence Divergence indicator point out a gloomy outlook; a tiny red bar appeared on it. Consequently, this suggests that the price may fall. Also, the Relative Strength Index (RSI) indicator curves are about to give a bullish crossover, which may see prices fall below the $28,000 mark.

Current Price: $28,359
Market Capitalization: $548,307,019,099
Trading Volume: $13,528,687,462
7-Day Gain/Loss: 2.94%

Blur (BLUR)

Blur, a crypto that was recently launched, takes the fifth position on this week’s list. The coin has a market capitalization of $266,771,444 and a trading volume of $130,001,115, and its price stands at $0.6267. This crypto has increased in price by 3.69% in the past 25 hours, while its price has also increased by nearly 19% in the past 7 days. Nevertheless, the ongoing success in the BLUR/USD market shows that some losses have been recorded. The last price candle in this chart is bearish but remains above the EMA curve. Also, the RSI lines keep rising higher into the overbought region, while the bars of the MACD is green and growing taller. Judging by the signs here, we can predict that the BLUR price may rise toward the $0.7000 price mark.

Current price: $0.6267
Market capitalization: $266,771,444
Trading volume: $130,001,115
7-Gay Gain/Loss: 18.94%

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