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The list of trending cryptocurrencies over the past 7 days has arrived for this week with notable changes. The majority of the coins here are, as of the time of writing, correcting towards higher price marks. Let’s further examine each of these cryptos for more insights.
Shiba Inu (SHIB)
Major Bias: Bullish
Shiba Inu seems to have returned to its bullish ways as its price action gained significant upward traction over the past ten days. This coin possesses a market capitalization of $6,463,499,148 and a 24-hour trading volume of $684,931,376. Also, as earlier mentioned, SHIB has witnessed an overall price increase of 8.24% over the past seven days, while seeing another price increase of 8.24% today as well. The daily chart for this token has revealed that price movements are significantly bullish and maintain the possibility of further price increases.
The last price candle here keeps trading activities occurring above the Guppy Multiple Moving Average lines. Meanwhile, the Moving Average Convergence Divergence MACD indicator lines keep suggesting that bullish momentum is increasing in this market. Although the long shadow of the last price candle on this chart suggests that headwinds are already fighting back, traders can stay hopeful of a continued price increase toward the $0.00001150 mark.
Current Price: $0.00001091
Market Capitalization: $6,463,499,148
Trading Volume: 684,931,376
7-Day Gain/Loss: 8.24%
Pepe (PEPE)
Major Bias: Bullish
Pepe has appeared in the second spot on this week’s list of trending coins. Very much like Shiba Inu, Pepe has also gathered notable bullish momentum. However, the upside correction is of less magnitude. PEPE has a market capitalization of $527,629,573 and a daily trading volume of $105,063,191. Also, there has been a price increase of 18.39% over the past seven days, and an impressive 8.24% today. Price action in this market is making significant progress in the upside direction. Price movements in this market has risen above the green set of the GMMA curves.
Furthermore, the last price candlestick has placed the current price level above 2 out of the 5 sets of red GMMA curves. Also, the MACD indicator hints that price action may rise further upwards, subsequently placing prices possibly above the $0.000001400 price mark. This is drawn from the fact that the lines of the MACD have just delivered a crossover, and these lines continue to diverge in the upside direction, which by implication signals rising upward momentum.
Current Price: $0.000001091
Market Capitalization: $527,629,573
Trading Volume: $105,063,191
7-Day Gain/Loss: 18.39%
XRP
Major Bias: Bearish
XRP now occupies the third coin on this week’s list of trending coins. This token possesses an impressive market capitalization of $33,264,121,115 and a sizeable 24-hour trading volume of $590,096,328. Nevertheless, today’s trading has incurred enough losses of 0.48% to effectively cancel out the gathered seven days’ profits of 0.48%. Going by the provided statistics above, one can readily see that the market is consolidating.
However, this consolidation has been occurring within a narrow range of $0.6285 and $0.6431. XRP’s daily chart shows that trading activities are caught between the GMMAs. Nevertheless, the headwind seems to be growing weaker, going by the appearance of the MACD bars. Additionally, the reduced size of the recently formed price candle shows that volatility is reducing. Nevertheless, it looks like prices may test support at the $0.6270 mark.
Current price: $0,6262
Market Capitalization: $33,264,121,115
Trading Volume: $590,096,328
7-Day Gain/Loss: 0.48%
Worldcoin (WLD)
Major Bias: Bullish
Worldcoin arrived in the 4th position on this week’s trending coin list. The token has been crashing through multiple supports as if in search of a strong one from which it could rebound. This coin has a market capitalization of $220,726,082 and a trading volume of $72,877,885. During the past seven days, this token has recorded a considerable loss of 16.13%, while today’s trading has only recovered about a quarter of that (4.41%).
The WLDUSDT 4-hour market revealed that price action found support near the $1.000 mark. The located support held and has offered considerable upside traction to price movements. This token now trades above the green GMMA curves at the $1.817 mark. Also, the Moving Average Convergence Divergence (MACD) indicator continues to indicate that upside momentum is still growing in this market. Consequently, traders can anticipate that the upside retracement may see prices regain the $2.00 mark.
Current price: $1.81
Market capitalization: $220,726,082
Trading volume: $72,877,885
7-Day Gain/Loss: 16.31%
Bitcoin (BTC)
Major Bias: Bearish
Bitcoin takes the lowest position on this week’s list of trending coins, as it stands at the 5th position on this week’s list. This has happened despite the fact that BTC has the biggest market capitalization of $572,384,411,909 and a trading volume of $7,749,839,650. Over the past seven days, bitcoin has only gathered 1.35% in profit, causing its price action to flirt with the $30,000 mark.
On the other hand, today’s trading has incurred a price decline of 0.25%. Price action on the daily shows that price movements remained tangled between the two sets of GMMA lines. Such activities show that the market is in a state of indecision, which therefore makes it quite challenging to predict future price moves. Furthermore, the MACD lines hint that upside forces are weaker than before. This is seen as the bars of the MACD losilt their solid green appearance. Also, the curves of this indicator are now more sideways-oriented, which hints that price actionay may correct toward the support level at the $29,300 price mark.
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