Trending Coins for Today February 12: GMT, VRA, TABOO TOKEN, CAKE, OXAI

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RESULTS

During the previous week, a mostly new set of altcoins rose to positions 1-5 on Coinmarketcap’s list of the most searched crypto. Some of these cryptos are still on their upward path, while others have started retracing lower support levels.

STEPN (GMT)

The price of this crypto has increased by 1.75% today, while its overall price has declined by 14.61% over the past 7 days. The STEPN token has bounced off the Fibonacci support level of 78.60 after price action in this market tested that level. However, this pullback has been very minimal and started three trading sessions ago. The last price candle on this chart has pushed the price to the $0.4401 mark. The applied Stochastic RSI indicator curves appear a bit mangled, but seem to have performed another crossover, but seem to be moving sideways at the moment. Furthermore, the MACD indicator has started to indicate that downward forces may be weakening. This could be seen through the MACD bars, which are now looking pale red. Therefore, the GMT price may rise to the $0.500 level.

Current price: $0.4401

Market capitalization: $264,994,372

Trading volume: $51,020,500

7-day gain/loss: 14.61%

Verasity (VAR)

This token has been increasing in value for the past seven days and for the past 24 hours. The VRA token seems to have converted its popularity into a value increase. Within the past 24 hours, the Verasity token has increased by an impressive 8.31%, while it has increased by 31.37% over the past seven days. Furthermore, price action in this market has reclaimed its upward path. The ongoing session has seen the price of this token rising above the 23.60 Fibonacci support level. Consequently, the price of this token has arrived at $0.01037. Additionally, the applied Stochastic RSI is now about to give a bullish crossover above the 30 levels. Meanwhile, the MACD indicator lines are still moving upward above the equilibrium point, with its histogram bars now appearing solid green. Sings on applied technical indicators support the idea that the Verasity token’s price will continue to rise toward $ 0.01399.

Current price: $0.01037

Market capitalization: $106,646,158

Trading volume: $33,524,465

7-day gain/loss: 31.37%

TABOO TOKEN (TABOO)

This token has also put in an impressive performance over the past seven days and within the last 24 hours. The TABOO token has gained 5.52% in the last 24 hours and approximately 20% in the last week. This cryptocurrency has been able to largely maintain its trading in the drawn upside-sloping price channel even after a bearish price candle appeared on this chart. Also, its price action stays above the middle limit of the Bollinger Bands indicator. Both the used RSI and MACD indicator curves are sticking to their upside trajectories. The RSI curve continues to rally toward the overbought area, while the MACD keeps moving upward following a crossover above the equilibrium point. Therefore, traders can still hope that the TABOO token may rise further toward the $0.002000 mark.

Current price: $0.001637

Market capitalization: $16,630,365

Trading volume: $456,242

7-day gain/loss: 19.98%

PancakeSwap (CAKE)

The PancakeSwap Token has remained in the top 5 most searched tokens in the past week. This cryptocurrency has increased in price by nearly 1% today while losing a more significant 5.97% over the past seven days. Also, the price action from two trading sessions ago remains below the 9-day moving average line. Meanwhile, the MACD curves continue to fall toward the equilibrium point. Also, the RSI indicator lines are in the oversold zone, however, the tip of the faster RSI curves seems to be attempting a bullish crossover. But the appearance of the MACD indicator negates this possibility. This is because the histogram bars of the MACD are indicating that the downward forces may be strong. Consequently, this may avert any price upside attempts in this CAKE/USD market, and the price may fall toward the $4.00 mark.

Current price: $4.18

Market capitalization:$712,068,171

Trading volume: $32,290,904

7-day gain/loss: 5.97%

OxAI.com (OXAI)

This is a recently launched token, yet it has made it into the top 5 most searched cryptos in the past seven days. Consequently, this performance may be revealing that this crypto has a good future. However, OXAI’s price has been on a downtrend. The value of this crypto has declined by 8.42% over the past 24 hours and by 45.63% over the past seven days. The latest price candle in this market remains under the 9-day MA line. Meanwhile, the used RSI indicator curve is approaching another bearish crossover. Therefore, this is revealing that the value of this crypto may fall further toward the $0.00001300 mark.

Current price: $0.00001126

Market capitalization: —

Trading volume: $1,114,305

7-day gain/loss: 45.60%

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