Trending Coins for Today, September 9: PEPE, BTC, PNB, PERP, and SHEPE

With the majority of the trending coins recording losses today, there have been major movements amongst the participants in ths week’s trending coins. This is demonstrated as Bitcoin moved three places up, from the fifth position to the second spot. It could also be said that most of these coins have seen considerable gains over the past seven days. Let’s see if there will be yet more profits.

Pepe Community (PEPE)

Major Bias: Bearish

The Pepe Community token has reached the top of this week’s list of trending coins with a 24-hour trading volume of $4.4 million. This token has lost 40.30% of its value today, while a price decline of 60.13% has spread over the past 7 days.

It appears that this token has been a favorite for short traders, as it has gathered bearish momentum. The chart for this token displays that its price may still be heading towards lower support near $0.003300 shortly, with more declines to come toward $0.003200.

Current Price: $0.003346
Market Capitalization: —
Trading Volume: $4.4 million
7-Day Gain/Loss: 60.13%

Bitcoin (BTC)

Major Bias: Bullish

Bitcoin is the number two coin on this week’s list of trending coins. This crypto has experienced this much movement even when its price broke through medium-term support. BTC has gathered just about 0.29% profit this week but has suffered a more significant loss of 1.09% in value today, with a market capitalization of $503 billion and a trading volume of $8.9 billion. This crypto now trades below the 38.20 Fibonacci Retracement level, below the $26,000 price mark.

Furthermore, the last price candle on this chart is a red one and has placed the price of Bitcoin below the 9- and 21-day Smooth Moving Average SMA curves. Meanwhile, the Relative Strength Index (RSI) lines are still oriented toward the overbought region from above the 50 level of the indicator. Consequently, this suggests that the token may resume trading above the 9-day SMA, around the $26,000 mark, soon.

Current Price: $25,879
Market Capitalization: $503 billion
Trading Volume: $8.9 billion
7-Day Gain/Loss: 0.29%

Pink BNB (PNB)

Major Bias: Bearish

The Pink BNB token is the third most sought-after token this week. This token has seen a price increase of 142.93% over the week, while today’s trading has seen it gain 38.50% in value. Meanwhile, the token has a self-reported market capitalization of $9.9 million and a trading volume of $1.8 million.

The price chart for this token reveals that PNBUSDT’s price action has rebounded from an all-time low near $0.00000005490. This rebound took prices to the $0.0000001954 resistance price mark. At that point, price action seemed to have hit a strong ceiling as it instantaneously corrected considerably in the opposite direction. However, price action remains at a significant distance above the 9- and 21-day SMA lines. Meanwhile, the RSI indicator lines have just performed a crossover in the overbought zone. As a result, this indicates that the downward correction may progress toward the $0.00000009000 mark.

Current price: $0.00000016200
Market Capitalization: $9.9 million
Trading Volume: $1.8 million
7-Day Gain/Loss: 142.93

Perpetual Protocol (PERP)

Major Bias: Bearish

In fourth place is the Perpetual Protocol token. This token has over the past week seen a price increase of 137.37%, while today’s trading has brought a loss of 5.78%. Additionally, this token has a market capitalization of $64.17 million and a trading volume of $208.6 million. Furthermore, the magnitude of the price increase over the past 7 days can be seen on the daily chart for this token.

This chart further reveals that a sharp downward correction occurred as soon as price action popped through the 23.60 mark of the Fibonacci Retracement level. The last price candle here can be seen behaving as if it has obtained support above the 38.20 Fibonacci Retracement level. On the contrary, the Stochastic RSI indicator lines appear to be revealing that prices may fall further towards the $0.9000 mark, as a downward crossover has been delivered in the overbought region of the indicator.

Current price: $0.9887
Market capitalization: $64.17 million
Trading volume: $208.6 million
7-Day Gain/Loss: 137.37%

Shiba V Pepe (SHEPE)

Major Bias: Bearish

The SHEPE coin was recently launched, about three days ago. This will require the analysis of this token on a 45-minute chart for a better understanding of price behavior. However. The SHEPE token has seen a price decline of 58.70% over the week, while it has seen an additional decline of 23.76% today. Also, it has a 24-hour trading volume of $3.3 million.

On the daily chart, we can see that the last price candle here is acting as if it has found support just above the 9-day Smooth Moving Average (SMA) line, amidst thinning trading activity. Brightening the hopes of further price increases from this point on is the RSI indicator curve, as it is now trending slightly upwards from above the 75 level of the indicator. If buyers could push prices above the 21-day SMA line, prices may rise further towards the $0.00000000400 mark.

Current Price: $0.00000000298
Market Capitalization: —
Trading Volume: $3.3 million
7-Day Gain/Loss: 58.70%

Do you want to take your trading to the next level? Join the best platform for that here.