Trending Coins for Today, April 9: ARB, DOGE, ATX, CAKE, and SHIB

On this week’s top 5 trending coins on CoinMarketCap, the majority of the coins are currently showing some signs of gaining some upside traction. Some of these coins are doing better than others, as they have been able to record a more significant profit within the past 24 hours and the past 7 days.

Arbitrum (ARB)

Abitrum has retained the number one spot on this trending coin list, up from last week. The coin has a market capitalization of $1,490,421,602 and a trading volume of $212,312,488. The current price of this coin is $1.17 as it has recorded a loss of 1.90% in the past 24 hours and 8.06% in the past 7 days. However, ARB is fighting it out with headwinds as its price remains below the 78.60 Fibonacci level as a resistance. A dashed green price candle has appeared as the last price candle on this chart. Also, the Moving Average Convergence Divergence (MACD) indicator is suggesting indecision, as its line appears to heavily interwind. Also, the bars of this indicator are solid red but seem so short, plus the lines of this indicator are below the 0.00 level. Consequently, this suggests that this market isn’t ready to see the upside, and the price may fall to the $1.1718 price level.

Current Price: $1.1718
Market Capitalization: $1,679,100,905
Trading Volume: $675,117,036
7-Day Gain/Loss: 6%

Dogecoin (DOGE)

Dogecoin has managed to keep up with its good performance. Today, this coin has gathered a profit of 0.23%. Also, the market capitalization is $11,446,554,045 with a trading volume of $459,219,688. Additionally, in the past 7 days, this crypto’s price has increased by 5.05%. On the DOGE/USD daily market, a green price candle has just shown up after the bears drove down the price from above $0.0950 to near $0.0810. Even at such a rapid fall, price action remains above the middle limit of the Bollinger Bands indicator. Also, the lines of the MACD indicator are still above the equilibrium point at 0.029 and 0.022. Although bears have appeared very strong lately, the fact that the price remains above the middle band of the Bollinger Bands indicator suggests that the price may still retrace upwards. At this point, DOGE/USD may retrace the $0.0850 soon.

Current Price: $0.0830
Market Capitalization:
Trading Volume: $11,446,554,045
7-Day Gain/Loss: 5.05%

AstroX (ATX)

The AstroX token seems to be the best-performing coin on this list, yet it stands in the 3rd position. This coin has increased in price by an impressive 10.80% today alone. Meanwhile, its price has recorded a gain of 49.16% in the past seven days. Also, its trading volume today is $1,066,115, while its market capitalization is $831,691. The price action on the 4-hour market has a bullish tone after a significantly larger price candle showed up for the ongoing trading session. Such a rebound has pushed the coin’s price to retest the upper limit of the Bollinger Bands. Also, the curves of the applied MACD indicator have resumed trending upward, and the latest bar on this indicator is now solid green. Consequently, it appears that price action may continue toward the $0.0004000 price mark.

Current Price: $0.0003376
Market Capitalization: $831,691
Trading Volume: $831,691
7-Day Gain/Loss: 49.16%

 

PncakeSwap (CAKE)

The CAKE/USD price as of the time of writing stands at $3.67, while its trading volume is $28,273,307, with a market capitalization of $684,424,351. The last price candle on this coin’s daily chart suggests that buyers and sellers are contending for control of the market. The last rice candle here is a dashed-shaped one. Also, this candle appeared below the middle band of the Bollinger Bands indicator. At the same time, the curves of the MACD indicator appear to be almost moving in a straight line sideways. The perceived signs in this market are pointing toward a lack of momentum in either a downward or upward direction. Nevertheless, the Relative Strength Index (RSI) indicator shows that the price is more likely to fall. The lines of the RSI can be seen to have aborted a trend reversal move. Therefore, traders can expect to see the price falling towards the $3.55 mark.

Current Price: $3.67
Market Capitalization: $684,424,351
Trading Volume: $28,273,307
7-Day Gain/Loss: 1.95%

Shiba Inu (SHIB)

Shiba Inu is the last coin on this week’s top 5 trending coins on CoinMarketCap. SHIB has continued to record losses today as its price declined by 0.08%. Meanwhile, the coin has seen a loss of 3.08% in the past 7 days. Shiba Inu has had a trading volume of $105,504,663 today and a market capitalization of $6,430,545,016. Looking at the daily chart, it appears that the bears are finding it hard to break down the support at the $0.00001091 price mark. Also, the last price candle on this chart appears green and has a short body at the moment, while it is positioned above the middle limit of the Bollinger Bands. Furthermore, the RSI indicator is suggesting that price action in this market is heading downward. Additionally, the MACD is suggesting that the bulls are growing weaker. This could be seen through the indicator bars, which are now pale green and are getting shorter. Therefore, SHIB/USD may tear down the $0.00001080 support level.

Current price: $0.00001094
Market capitalization: $6,430,545,016
Trading volume: $105,504,663
7-Gay Gain/Loss: 3.08%

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