Trending Coins for Today, February 26: GMT, BLUR, SHIB, CAKE, and OP

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RESULTS

There are some new to this week’s list of the most sought-after cryptocurrencies. However, most of the cryptos on this list have been around for quite some time now. Nevertheless, virtually all the cryptocurrencies have failed to convert their popularity value within the past seven days into profits. Let’s, further examine these cryptocurrencies.

Stephen (GMT)

The GMT token has made it to the top of the most searched crypto-list during the past seven days. Today alone, the value of the crypto has declined by 6.01%, meanwhile, it has declined by 19.15% over the past 7 days. This crypto has been bearish and has failed to convert fame into profit. Also, looking at its price action, it appears that this market is poised to tear down the $0.350 price level. The applied Bollinger Bands indicator has been shaped to portray the market’s bearish characteristics. For over 4 trading sessions, bearish candles have been consistently appearing on this crypto’s daily chart. Additionally, the lines of the MACD indicator have crossed below the equilibrium level, indicating a downtrend in this market. Furthermore, the lines of the RSI are moving steeply toward the oversold region and are still at the 32 and 16 levels. Consequently, the price in this market may fall below the $0.350 mark.

Current price: $1.20

Market capitalization: $225,115,444

Trading volume: $77,056,599

7-day gain/loss: 19.15%

Blur (BLUR)

BLUR claimed the second spot on this crypto list. However, the token value declined by 5.50% in the past 24 hours. Likewise, it has depreciated by 32.07% over the week. Furthermore, on the daily chart, price action has stayed below the 9- and 21-day Exponential Moving Average curves, consequently revealing that this market is bearish. However, in recent sessions, price action seems to be climbing toward a 9-day EMA. Additionally, the lines of the RSI are now steadily rising towards the overbought zone, now at 61 and 44 levels. Therefore, it can be deduced that market bulls are making attempts to rise above the 9-day EMA curve at $0.8555. If this eventually happens, there will be an increase in bullish confidence in this market, and the price can then rise toward the $1.00 mark.

Current price: $0.8465

Market capitalization: $323,861,110

Trading volume: $378,248,472

7-day gain/loss: 32.07%

Shiba Inu (SHIB)

Shiba Inu prices have fallen by 2.20% within 24 hours, while they have fallen by 5.83% over seven days. Just like the two above-mentioned crypto markets, this one has been bearish, failing to convert its fame into profit. In recent trading sessions, price action decisively crossed below the 9 and 21-day moving averages, and at that point, this market became decisively bearish. Nevertheless, it could be observed that price action has started picking up minimal profits since the past trading session. The RSI indicator lines have reached deep into the oversold zone. Also, the two lines of this indicator have remained together and are now moving sideways at the five levels of the indicator. Consequently, this implies that price action lacks significant momentum since the RSI lines have remained unseparated. Therefore, the price level of $0.00001261 may be a strong resistance for this crypto.

Current price: $0.00001246

Market capitalization: $6,818,707,536

Trading volume: $250,924,958

7-day gain/loss: 5.83%

PancakeSwap (CAKE)

PancakeSwap has been on this list for more than three weeks in a row. However, just like the others, this crypto hasn’t displayed a very impressive performance at this point, as it has only recorded losses within the past 24 hours. Likewise, over the past 7 days, this crypto has dropped by 5.59% in price. Moving to the CAKE/USD daily market, it could be observed that price activity is now rising towards the 9-day EMA line. The last price candle on this chart is a dashed-shaped green price candle, which shows that bulls are facing opposition in their attempt to surpass the 78.60 Fibonacci level. Also, the RSI curves are now rising steadily toward the 50 mark of the Stochastic RSI indicator. Nevertheless, a keen observer will notice a minor sideways bend in the RSI leading line. As a result, price action appears to be encountering some resistance on its way up. Nonetheless, it appears the PancakeSwap price may rise further above the 78.60 Fibonacci level, and towards the $4.30 price mark.

Current price: $3.99

Market capitalization: $761,276,910

Trading volume: $27,784,956

7-day gain/loss: 5.59%

Optimism (OP)

Optimism is a newbie on this list as it hasn’t made it here in the past few weeks. This crypto has claimed the fifth spot on the weekly list of the most searched cryptos. Within 24 hours, OP presented a bearish market, as its price fell by 8.89%. Meanwhile, the cryptocurrency has risen by only 0.42% in the last seven days. The price action in this market has fallen sharply through a couple of Fibonacci Retracement support levels. There have been attempts to break the fall, but those attempts have subsequently failed. Price activities continue to occur below the 9- and 21-day EMA curves. Also, the RSI indicator curves have fallen deep into the oversold region. However, the last green price candlestick has caused the RSI indicator lines to move closer to each other in an attempt to perform a crossover. Nonetheless, the trader will have to wait and see if this market will be able to retrace above the 9-day EMA curve, as this may indicate that the price may rise toward the $2.90 mark.

Current price: $2.79

Market capitalization: $652,132,835

Trading volume: $880,962,630

7-day gain/loss: 0.42%

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