Trending Coins for Today, July 29: WLD, XRP2, XRP, SHIB, and PEPE

The ratio of gaining and losing tokens on today’s list of trending coins is high. This is revealed as this week’s list has it that three out of five of the coins that we shall be examining have seen considerable gains today.

Worldcoin (WLD)

Major Bias: Bullish

Worldcoin is a recently launched coin that has managed to make it to the top of this week’s trending coin list on CoinMarketcap. This coin has a $280 million market capitalization and a trading volume of $143 million. Also, over the past 7 days, it has experienced a price increase of 39.04%, while it has seen a gain of 6.79% today. This coin is hot!

However, for the sake of proper analysis, we will have to examine the 1-hour market chart for this crypto. On the market chart, it can be seen that the price action for this token has crossed above the middle limit of the Bollinger Band. Nevertheless, the past two hours have brought some downward correction to prices in this market.

Meanwhile, the RSI curves are plunging into the oversold region. Simultaneously, it could be seen that the Moving Average Convergence Divergence indicator curves are now converging for a downward crossover. Consequently, it is logical to conclude that a correction toward support at the $2.26 mark may occur.

Current Price: $2.83
Market Capitalization: $280 million
Trading Volume: $143 million
7-Day Gain/Loss: 6.79%

XRP2.0

Major Bias: Bullish

The XRP2.0 is also a newly launched token but has made it to the second spot on this week’s list of trending coins. This token has a 24-hour trading volume of $6.6 million. Also, the gains experienced today alone are 451%, while it has seen only 60% losses in the past 7 days.

For this coin, we shall also study its 1-hour chart due to its young existence. It could be seen that price action in this market has pushed the upper band of the Bollinger Bands indicator. Subsequently, there has been a minor downward correction, but upside momentum seems to be staging strong resistance to any strong downward correction here.

Consequently, this has caused prices to remain above the middle limit of the Bollinger Band. The last price candle on this chart shows that buying is still ongoing in this market. Also, the MACD lines are still above the equilibrium level, although their bars are pale. Therefore, we can expect an upside correction toward $0.000000000001500.

Current Price: $0.000000000000998
Market Capitalization: —-
Trading Volume: $6.6 million
7-Day Gain/Loss: 451%

XRP

Major Bias: Bearish

XRP has moved a place up to the third position on this week’s list of trending coins. This coin has a market capitalization of $37.3 billion and a daily trading volume of $740 million as of the time of writing. However, since the price surge in the XRP market on June 13th, this market has been fighting headwinds to remain above the $0.7000 price mark.

And since about four trading sessions ago, volatility has significantly decreased in this market. As a result, this has only placed price action above the middle limit of the Bollinger Bands. Nevertheless, the MACD indicator lines continues to trend slightly toward the equilibrium level, with no sign of a possible crossover. Therefore, traders can anticipate a correction toward the $0.7000 price level.
Current Price: $0.7026

Market Capitalization: $37.3 billion
Trading Volume: $740 million
7-Day Gain/Loss: 7.18%

Shiba Inu (SHIB)

Major Bias: Bullish

Shiba Inu seems to have bottomed out, as its price has been steadily increasing over the past seven days. As of the time of writing, this token has a market capitalization of $4.9 billion and a 24-hour trading volume of $195 million.

Also, this token has experienced a price increase of 7.12% over the past 7 days and a gain of 1.50% today. On the daily chart, the price action of this crypto has burst through the resistance at the 61.80 Fibonacci retracement level during the previous trading session.

Furthermore, today’s trading activity has advanced price action towards the 50 Fibonacci retracement level. Meanwhile, the MACD lines are now above the equilibrium level, with its bar appearing green. Traders can anticipate that the upside correction may approach the 50 Fibonacci Retracement level at the $0.00000866 mark.

Current price: $0.00000836
Market capitalization: $4.9 billion
Trading volume: $195 million
7-Day Gain/Loss: 7.12%

Pepe (PEPE)

Major Bias: Bearish

PEPE has slipped to the last spot on this week’s list of trending tokens on CoinMarketcap. And going by the available metrics, this token has been down-trending consistently for about 30 days. It could also be seen that the past seven days have brought 12.14% losses to this crypto. Meanwhile, today it has seen an additional 1.20% price decrease. Nevertheless, this token has a market capitalization of $523 million and a trading volume of $59 million as of the time of writing.

At the same time, this token has fallen below the Fibonacci Retracement level of 61.80. Meanwhile, the MACD indicator continues to fall below the equilibrium level. However, the bars of this indicator are now pale in appearance, which hints that downward momentum is weak. Additionally, this correlates with the size of the recently formed price candles on this chart, as they all have tiny bodies. Nevertheless, traders can only hope for a correction toward the $0.0000014650 price mark.

Current Price: $0.0000014
Market Capitalization: $523 million
Trading Volume: $59 million
7-Day Gain/Loss: 12.14%

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