Trending Coins for Today, March 26: ARB, CAKE, ETH, OP, and XRP

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RESULTS

This week’s most searched cryptocurrency has arrived, and most of the crypto from last week has been displaced from this list. Subsequently, a mostly new set of crypto has been most sought after during the past seven days for some reason. Nevertheless, most of these cryptos have recorded some losses today, and only a few have recorded some profits.

Arbitrum (ARB)

Arbitrum is the first crypto on this week’s list of top trending coins on CoinMarketCap. Arbitrum price stands at $1.24, after recording a loss of 13.50%. Meanwhile, over the past 7 days, this crypto has lost 89.48% of its initial price. Furthermore, ARB has a market capitalization of $1,597,196,828, and a trading volume of $1,923,585,412. Coming to the price chart for Arbitrum, one will observe that this cryptocurrency was launched quite recently. Additionally, ever since then, the price of this crypto has decreased quite rapidly. In the ongoing session, price action seems to be climbing towards the 78.60 level of the Fibonacci retracement level. Consequently, price action in this market seems to be heading towards the $1.28 mark in the main session.

Current Price: $1.25
Market Capitalization: $1,597,196,828
Trading Volume: $1,923,585,412
7-day gain/loss: 89.48%

PancakeSwap (CAKE)

The PancakeSwap token has made it to the second spot this week. This token is one of the cryptos that has stayed around on this list for a while. CAKE has only recorded minimal profits today, with its price standing at $3.71. PancakeSwap has a market capitalization of $690,142,543, and a trading volume of $48,704,011, with a price decline of 6.36% over the past 7 days. The CAKE/USD daily chart shows that the crypto’s price action is in a downward retracement. Nevertheless, the last price candle shows that buyers are currently making attempts to retrace the resistance at the $3.80 mark. The applied Stochastic RSI indicator for this chart is pointing out that prices may fall lower in this market. This can be seen as the lines of this indicator continue to fall toward level 50 of the indicator. Therefore, it’s likely that price action may retrace lower towards $3.50.

Current Price: $3.71
Market Capitalization: $690,142,543
Trading Volume: $48.704,011
7-day gain/loss: 6.36%

Ethereum (ETH)

The vice president of all crypto has fallen a step from its original position to the third spot on this list. As of today, Ethereum’s price has depreciated by 1.77%, and 4.20% in the last 24 hours, as its price now stands at $1,745.44. This altcoin has a trading volume of $8,613,592,762 and a market capitalization of $213,652,951,017, with a price decline of 4.37% in the past 7 days. The ETH/USD daily chart reveals that price action may still be heading higher. The Bollinger Bands indicator can be seen tilted in the upside direction, while price action remains above the midline of the Bollinger Bands. The Moving Average Convergence Divergence (MACD) indicator curves are above the equilibrium level. Meanwhile, these lines appear to be preparing to fall below the 0.00 level of the MACD. Nonetheless, price action in this market may still extend profits toward the $1,800 resistance price level.

Current Price: $1,745.44
Market Capitalization: $213,652,951,017
Trading Volume: $8,613,592,762
7-day gain/loss: 4.37%

Optimism (OP)

Optimism has been appearing on this list for a while now, at least for the past three weeks. This token now stands in the fourth position for this week with a price of $2.24 and a price decline of 2.40% on the day. Additionally, this token has declined more significantly over the past 7 days by 21.83%. Optimism has a market capitalization of $702,710,734 and a trading volume of $146,524,912. On the daily chart, OP/USD price action is on a clear downward retracement. The curves of the Stochastic RSI are now falling fast toward the oversold region of the indicator. Also, the MACD lines have fallen below the 0.00 point of the indicator. Furthermore, the downward retracement seems to be gaining momentum. Consequently, Optimism may retrace the support at $2.045.

Current Price: $2.265
Market Capitalization: $702,710,734
Trading Volume: $146,524,912
7-day gain/loss: 21.83%

Ripple (XRP)

Ripple comes last on this week’s top 5 most searched cryptos on CoinMarketCap. XRP has made a more significant profit from this week’s traffic. Ripple’s price has increased by 3.36% within the past 24 hours, and by 16.11% over the past 7 days. Meanwhile, this token has a market capitalization of $22,644,689,115 and a trading volume of $1,528,160,164. On the daily chart, Ripple’s price action appears to be rising and may rise further beyond the 23.60 Fibonacci Retracement resistance level. The lines of the MACD continue to rise upward and above the equilibrium level of the indicator. Also, the last bar of this indicator can be seen to have turned vivid green from the previous pale green color. Furthermore, the Relative Strength Index (RSI) indicator curves are approaching a bullish crossover above level 60 of the indicator. Therefore, XRP’s price may rise toward the $0.4750 mark.

Current price: $0.445
Market capitalization: $22,644,689,115
Trading volume: $1,528,160,164
7-day gain/loss: 16.11%

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