Trending Coins for Today, June 4: PEPE, LINA, TRUMPINU, IS, and XRP

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RESULTS

On this week’s trending coins we have a handful of new tokens that were launched during the past seven days. Despite that, most of these coins have experienced some profit in the past 7 days and 24 hours. Let’s take a closer look at these coins.

Pepe (PEPE):

Major Bias: Bullish

Pepe Coin continues to dominate the trending coin list. This coin seems to have retained the number one spot on this list for more than a month now. The PEPE has gained 5.44% in value in 24 hours, with a trading volume of $90,106,436 and a market capitalization of $523,443,389. However, this coin has recorded an 11.16% value depreciation over the past 7 days. On the daily chart, it could be seen that the price of this crypto is gradually picking up some momentum towards the higher price marks. The last two price candles here have been green in appearance. Also, the Relative Strength Index (RSI) indicator is indicating that upside momentum is growing in this market. This can be observed as the lines of this indicator are steadily rising following a bullish crossover. At this pace, price action may retrace the $0.000001484 shortly.

Current Price: $0.000001484
Market Capitalization: $523,443,389
Trading Volume: $90,106,436
7-Day Gain/Loss: 11.16%

Linear Finance (LINA)

Major Bias: Bearish

The Linear Finance token is occupying the second spot on this week’s list of trending coins on CoinMarketCap. This coin has witnessed a loss of 26.57% within the past 24 hours, while it has gained about 67.02% in the past 7 days, with a market capitalization of $105,784,646 and $231,361,991. On the daily chart, price action had recently triggered headwinds when it ramped through multiple resistance levels, which started around seven trading sessions ago. Very recently, there has been a sharp downward retracement through the 38.20 Fibonacci Retracement level as a support. Also, the RSI indicator lines seem to have delivered a bearish crossover at the 100 level of the indicator. Subsequently, these lines have started trending towards the 70 mark. Consequently, this suggests that price action may at least retrace the $0.01777 mark.

Current Price: $0.01903
Market Capitalization: $105,784,646
Trading Volume: $231,361,991
7-Day Gain/Loss: 67.02%

Trump Inu (TRUMPINU)

Major Bias: Bullish

Trump Inu is a recently launched token that has gained significant traction over the past few days. Consequently, this has placed it in the 3rd spot on this week’s trending coin list, even with its tiny self-reported market capitalization of $5,493 and a trading volume of $5,938,356. However, considering the above-gathered information, they seem to be doing quite well, and investors can consider TRUMPINU for a long-term investment.

Current Price: $0.000000002489
Market Capitalization: $5,493
Trading Volume: $5,938,356
7-Day Gain/Loss: 81.17%

Injustice Samurai (IS)

Major Bias: Bullish

The Injustice Samurai token stands in the 4th spot on this week’s list of trending coins, having witnessed a whopping 1105.83% price increase in the past 24 hours and 1223.56% in the past week. The IS has a self-reported market capitalization of $1,165,232 and a trading volume of $9,707,763. Nevertheless, this coin seems like a good investment opportunity considering the movement it has gathered within a very short period of time since its launch.

Current price: $0.000000001689
Market capitalization: $1,165,232
Trading volume: $9,707,763
7-Day Gain/Loss: 1223.56%

Ripple (XRP)

Major Bias: Bullish

Ripple seems to have gained significant traction in the past 24 hours and over the past 7 days to have arrived at the last spot on this week’s list of the top 5 trending coins on CoinMarketCap. Ripple has an impressive market capitalization of $27,227,348,285 and a 24-hour trading volume of $899,793,579. XRP/USD price action broke through the medium-term price resistance level at $0.4813. However, the resistance at $0.5307 continues to stand firm. This is because the last red price candlestick on this chart signifies that prices have retraced off the resistance price mark at $0.5307. Likewise, the RSI lines have also taken a downward trajectory following a crossover in the overbought region. Although the Moving Average Convergence Divergence (MACD) indicator lines have risen above the equilibrium level, the bars of this indicator suggest that upside forces may be weakening. Consequently, traders may expect a downward retracement to occur toward the $0.5000 mark.

Current price: $0.5230
Market capitalization: $27,227,348,285
Trading volume: $899,793,579
7-Day Gain/Loss: 10.54%

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