Trending Coins for Today, May 14: PEPE, LADYS, SUI, PULSE, and CAPO

Memecoins have taken over the top 5 positions on CoinMarketCap list of trending coins. This implies that these coins were the most searched for on CoinMarketCap over the week. More interestingly, most of these coins have benefited from the traffic that each of them has attracted. Let’s further study them.

Pepe (PEPE)

Major Bias: Bullish

PEPE/USDT prices have stayed between the 61.80 and 78.60 Fibonacci Retracement levels after there was a sharp price decline that plunged price action below the 61.80 Fibonacci Retracement level. In today’s trading session, this coin’s price action recorded a profit of 46.64%, while a loss of 32.66% was recorded over the past 7 days. On the 4-hour market, price action had rebounded off the resistance at the 61.80 Fibonacci Retracement level at $0.000001997, to bring prices to $0.000001855. Likewise, the lines of the Stochastic Relative Strength Index (RSI) indicator are now interwoven in the 90 levels of the indicator. Consequently, this suggests a retracement towards $0.000001608 may occur.

Current Price: $0.000001855
Market Capitalization: $744,020,545
Trading Volume: $1,202,974,348
7-Day Gain/Loss: 32.66%

Milady Meme Coin (LADYS)

Major Bias: Bullish

Milady Memecoin is the second coin on this week’s CoinMarketCap most sought-after list. The coin has gained 26.41% today while losing 87.83% in the past 7 days. It should be noted that this is a newly launched coin and must be studied in a shorter time frame. Recently, its price action oscillated within the 61.80 and 50 Fibonacci Retracement levels. However, its price action on the 30-minute chart has nearly retraced the middle limit of the Bollinger Bands indicator. Also, the Moving Average Convergence Divergence indicator curves have displayed a crossover. Consequently, this suggests that price action may cross below the middle limit of the Bollinger Bands, leading to a downtrend toward $0.0000000774.

Current Price: $0.0000000812
Market Capitalization: $61,231,076
Trading Volume: $86,711,101
7-Day Gain/Loss: 87.83%

Sui (SUI)

Major Bias: Bullish

The third posting on this list is the Sui coin. Over the past 24 hours, Sui has gained 2.63% while losing a more significant 15.20% over the past 7 days in value. Recently, its price action crossed above the 9-day Moving Average (MA). However, most recently, price action in this market poked through the 21-day MA as well. But the headwind quickly acted on price action and plunged it back below the 21-day MA curve to $1.10. Consequently, the price decline was reflected on the Moving Average Convergence Divergence (MACD) indicator line, as the last bar of this indicator has just turned pale green. Nevertheless, the curve of the MACD continues to trend slightly upwards as price action remains above the 9-day MA curve. So, traders can still anticipate an upside retracement of the $1.15 price mark.

Current Price: $1.11
Market Capitalization: $581,541,832
Trading Volume: $233,905,368
7-Day Gain/Loss: 15.20%

IL CAPO OF CRYPTO (CAPO)

Major Bias: Bearish

IL CAPO OF CRYPTO seems like the only coin on our list this week to be on a downtrend. However, this crypto has moved significantly upwards in the past 7 days, moving by 338.45%. Nevertheless, today’s trading activities have brought some losses of the magnitude of 51.27%. About three trading sessions ago, price action only managed to cross above the 9-day MA curve, but lost traction at the 21-day MA. Subsequently, downward retracements occurred, and in the ongoing session, price action has fallen below both the 9 and 21-day MA curves. Furthermore, the MACD indicator has reflected the price activity, as the bars look pale green and get shorter. At this point, a clear downtrend may develop, plunging the price towards the $0.005000 price mark.

Current price: $0.008050
Market capitalization: $2,912,753
Trading volume: $30,151,410
7-Day Gain/Loss: $30,151,410

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