Trending Coins for Today, August 19: CYBER, BTC, XRP, SHIB, and SEI

There have been significant changes from last week’s to this week’s list of trending coins. For example, Bitcoin has moved up by three places to claim the second spot on this week’s list. However, most of these tokens haven’t seen much of a profit today, while some have been bearish for the past seven days.

CyberConnect (CYBER)

Major Bias: Bearish

CyberConnect stands in the first position on this week’s list of trending coins. This token witnessed a price increase of 127.35% over the past seven days, while today has brought losses of the magnitude of 7.59%. Furthermore, the token has a market capitalization of $45.3 million and a trading volume of $49,618,116 today. Price action in CYBER’s hourly market as of the time of writing is trading in a symmetrical triangle pattern.

Although price action in its hourly market seems about to break out on the upside as the last price candle is green and appears to have rebounded off the support of the trendline that forms the base of the triangle. Meanwhile, trading activities are occurring below the 9- and 21-day Simple Moving Average (SMA) curves, and the Moving Average Convergence Divergence (MACD) indicator curves are trending downward below the equilibrium level. Consequently, technical indicators seem to align against the opinion of an upside rebound in this market. Traders can brace for impact as the price may fall to the $4.00 mark.

Current Price: $4.098
Market Capitalization: $45.3 million
Trading Volume: $49,618,116
7-Day Gain/Loss: 127.35%

Bitcoin (BTC)

Major Bias: Bearish

As earlier mentioned, BTC has moved three places up on this week’s list of trending coins. However, its market isn’t performing that well even at this point. This coin has a price decline of about 0.19% today and an 11.51% price drop over the week as of the time of writing. Also, it has a market capitalization of $507 billion and a daily trading volume of approximately $16 billion. Meanwhile, its daily chart shows that the token has experienced a sharp price decline over the past three trading sessions.

This caused price action to fall through the $28,000 and $27,000 price marks. Likewise, the MACD indicator here suggests that downside pressure may grow stronger. This could be seen as its lines have just crossed below the equilibrium level, while its histogram bars are increasing in length on the negative axis. Consequently, this seems to point out that the downward retracement may extend to the $25,000 region.

Current Price: $26,135
Market Capitalization: $507 billion
Trading Volume: $105,063,191
7-Day Gain/Loss: 11.51%

HarryPotterObamaPacMan8Inu (XRP)

Major Bias: Bullish

The HarryPotterObamaPacMan8Inu token seems to be the only one on this week’s list of trending coins to be gaining as of the time of writing. This is a recently launched token, but it has made it to the third position on this week’s list. This coin has recorded a significant gain of 28.26% as of the time of writing, while it has gathered a whopping profit of 114% over the past seven days.

Meanwhile, it has a self-reported market capitalization of $74.2 million and a 24-hour trading volume of $6.2 million. On its market chart, this token seems to be maintaining an upside trajectory. The line chart of this token shows that price action in this market is already heading toward the $0.8000 price mark. However, price action may only hit this mark if traders continue to rally behind the bulls in this market.

Current price: $0.7424
Market Capitalization: $74.2 million
Trading Volume: $6.2 million
7-Day Gain/Loss: 114%

Shiba Inu (SHIB)

Major Bias: Bearish

Shiba Inu comes in fourth on this week’s list of trending coins. This crypto has rallied towards the $0.00001100 mark in the previous week. However, it seems to have met strong resistance around the $0.00001050 level. As of the time of writing, this token has seen losses of the magnitude of 0.43% and a more significant 21.95% over the past 7 days. Shiba Inu’s market capitalization stands above the $5 billion mark while witnessing a trading volume of $225 million today.

The daily market chart for this token has shown that price action has recovered above the Fibonacci Retracement level of 50. While that is good, the ongoing session has brought a downward correction back toward the mentioned level. Meanwhile, the MACD maintains a strong bearish tone for this market. Consequently, this suggests that bears may still cause a downward retracement toward the $0.000008000 price mark.

Current price: $0.000008000
Market capitalization: $5 billion
Trading volume: $225 million
7-Day Gain/Loss: 21.951%

Sei (SEI)

Major Bias: Bearish

The Sei token is also a recently launched crypto, but it has gained just enough traction to make it to the 5th spot on this week’s trending cryptocurrencies. This crypto has witnessed the most traction over the past 7 days, as it has seen a price increase of 1860.83%, while today’s trading has brought a minimal loss of 1.07%. Furthermore, this token has a market capitalization of approximately $282 million and a trading volume of $174 million.

On the hourly market chart, trading activities have been occurring around the 9- and 21-day SMA lines. Nevertheless, the last price candle has plunged prices below the two mentioned lines. As it stands, price behavior has indicated a bearish trend. Also, the MACD indicator lines are now below the equilibrium level and seem to have delivered a bearish crossover there. By implication, this suggests that price action may be heading towards the $0.1487 price mark.

Current Price: $0.1591
Market Capitalization: $282 million
Trading Volume: $174 million
7-Day Gain/Loss: 1860.83%

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