Trending Coins for Today, July 8: PEPE, ETH, KEK, SOL, and BTC

Today’s list of trending coins on CoinMarketCap contains coins that have been doing better within 24 hours than over the past seven days. Most of these coins have seen some form of profit today. This suggests that more profits may still be up for grabs in this market, so let’s dedicate more study to that effect.

Pepe (PEPE)

Major Bias: Bullish

 

The Pepe remained the most trendy of all cryptos. This is because it has remained in the number one spot on the list of trending coins week in and week out for over a month. With a market capitalization of $613 million and a 24-hour trading volume of 106 million, this coin has only witnessed a profit of 1.75% on the day and a loss of 0.05% over the past 7 days.

 

This reveals that Pepe Coin hasn’t been doing that badly since the last analysis. However, the daily market is showing that price action may have hit very strong support above the 21-day Moving Average (MA). This is indicated by the appearance of the last candle here, which appears to be an inverted hammer with a thin body.

 

Meanwhile, the Stochastic Relative Strength Index (RSI) indicator is pointing out that we may witness a continued upside retracement. This can be seen as the lines of the RSI seem to be approaching a bullish crossover on their way to the oversold region. Therefore, this may set price action on the path toward the $0.000002000 mark.

 

Current Price: $0.000001565
Market Capitalization: $613M
Trading Volume: $106
7-Day Gain/Loss: 0.05%

Ethereum (ETH)

Major Bias: Bearish

 

Ethereum has appeared in the second spot on today’s list of trending coins on CoinMarketCap. This crypto has experienced more losses than gains over the past seven days. ETH has experienced a price decline of 2.77% over the week while recording a profit of just 0.24% within 24 hours.

 

It also has a trading volume of 5.3 billion and a market capitalization of 224 billion. The daily chart has revealed that during the past 7 days, this crypto has tested and corrected off the resistance price mark at the 1,960 mark.

 

However, in the previous session, price action seemed to have found support at the 1,847 mark, but the ongoing session is suggesting that that support may fail should downward forces persist. The last price candle here has also fallen below the 21-day MA line.

 

Also, the Moving Average Convergence Divergence indicator has delivered a bearish crossover. Another red bar can be seen on the MACD, which signifies that prices may revisit the $1,847 support.

 

Current Price: $0.00003792

Market Capitalization: $766 million

Trading Volume: $944 million

7-Day Gain/Loss: 55.74%

KEKE (KEK)

Major Bias: Bullish

 

The KEK coin seems to have made huge gains over the week, as it has moved by a whopping 42.33% in the past seven days. However, as of today, this coin has seen a price decline of 2.56%. Although this token has a self-reported capitalization of just 1.7 million, it has performed quite well over the past seven days.

 

Also, on the daily chart, it could be seen that today’s trading activity has plunged prices below a very important support formed by the 21-day MA line. At the same time, it could be seen that the bars of the MACD are now pale green, which is an indication that buyers may be exiting this market.

 

Now if the price action will resume its upside retracement, there must be a rebound at the 9-day MA line, or else the price may bleed out towards the $0.00000002000 mark.

 

Current Price: $0.00000002276
Market Capitalization: $1.7 million
Trading Volume: $4.3 million
7-Day Gain/Loss: 42.33%

 Solana (SOL)

Major Bias: Bullish

 

The Solana coin has performed impressively well today, despite the fact that it has only appeared in the 4th position on this week’s list of trending coins. It could be perceived that this coin has moved by 12.44% today, while it has moved by 20.86% over the past 7 days. It also has a market capitalization of $8.94 billion and a trading volume of $1 billion.

 

Also, the daily chart displays that the price action in this market seems to be preparing to break a medium-term resistance around the $23.00 mark. There are indications that support these possibilities in this market. For over eight sessions, price action has remained above the 9- and 21-day MA lines.

 

Also, the MACD curves are now above the equilibrium level of 0.00 and are now at 0.85 and 0.56 levels, while the bars of this indicator are solid green. All indications here suggest that prices may soon hit the 23.50 mark in this market.

 

Current price: $22.20
Market capitalization: $8.94 billion
Trading volume: $1 billion
7-Day Gain/Loss: 20.86%

Bitcoin (BTC)

Major Bias: Bearish

 

The king of crypto has managed to remain in the top 5 most searched coins on CoinMarketCap by occupying the 5th position on this week’s list of trending coins. With a 24-hour trading volume of $10.4 billion and a capitalization of $587.50 billion, this crypto has only recorded a profit of 0.43% today while seeing a more significant decline of 0.66% over the past 7 days.

 

However, trading activities in this market have remained above the $30,000 support level, as the price candlestick for the previous session seems to have found support around the $29,868 mark. Nevertheless, the last price candle on this chart has fallen below the 9-day MA line.

 

Likewise, the MACD curves are now journeying slightly downward and toward equilibrium. This seems to have brought price action to focus on the physiological support at the $30,000 price level.

Current price: $30,241
Market capitalization: $587.50illion
Trading volume: $10.40 billion
7-Day Gain/Loss: 0.66%

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