Trending Cryptocurrencies for April 27, 2024: PEPE, ESE, BTC, MEW, and VOXELS

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Having completed the Bitcoin halving, even more, new coins are getting rolled out. However, Bitcoin has remained relevant as one of the top trending cryptocurrencies in the crypto world since the completion of the Bitcoin halving event. This is so even though there hasn’t been much movement for the king of crypto. Be that as it may, let’s delve into some analysis of the top 5 most trendy coins.

Pepe (PEPE)

Major Bias: Bearish

Pepe is topping the list of this week’s trending cryptocurrencies, having displaced the king, BTC. This is so after recording a price decline of 7.70% but a price increase of 36.09% over the past seven days. Pepe has a market cap of $2.96 billion and a trading volume of $684 million.

Meanwhile, the daily chart shows that the market is at the $0.00007000 support level. The downward correction resulted from the previous session, while the ongoing session has continued the trend. At this point, the market seems to be attempting to stay off the support at the $0.00007000 mark. This is revealed through the appearance of the lower shadow of the last price candle on this chart. Additionally, the Stochastic Relative Strength Index (SRSI) lines are pointed towards the overbought region. Nevertheless, price activity stays above most of the Guppy Multiple Moving Average (GMMA) lines. Traders can take a chance at a rebound off this support towards the $0.0000800 mark.

Current Price: $0.00007050
Market Capitalization: $2.96 billion
Trading Volume: $684 million
7-Day Gain/Loss: 36.09%

Esee (ESE)

Major Bias: Bullish

The Esee token takes the second spot on this list of trending cryptocurrencies. It also appears to be the token to have seen the most significant price increases in today’s trading activities. As of today, the ESE coin has seen a price increase of 18.70% and a seven-day price increase of just 5.60%. The coin only has a self-reported market cap of $11.44 million and a trading volume of $6.15 million. However, it should be noted that the coin was only launched recently, and we’ll have to study the market through a 4-hour market chart.

On the price chart, the ongoing session has seen moderate price downward corrections. Nevertheless, the coin continues trading above most of the GMMA lines. On the contrary, the SRSI line now has a downward trajectory following a crossover in the overbought region. Consequently, this indicates that this market may hit the price level of $0.9100 shortly.

Current Price: $0.9139
Market Capitalization: $11.44 million
Trading Volume: $6.15 million
7-Day Gain/Loss: 5.60%

Bitcoin (BTC)

Major Bias: Bearish

Bitcoin has slipped to the third position on this week’s list of trending coins. As of the time of writing, the king of crypto has seen a price decline of 1.87%, while having seen a price decline of 1.14% over the past seven days. It has a market cap of 1.24 trillion and a trading volume of $21.85 billion.

Even after the halving, Bitcoin’s price hasn’t exited trading below the $70,000 mark ever since. Over the past four days, the coin has remained below the $65,000 mark. The last price candle on this chart has placed the pin below the GMMA lines. Likewise, the SRSI indicator lines are still trending towards the oversold region. Consequently, technical indicators aren’t hinting at much upside hope at the moment. However, traders can hope that the market may soon hit the $62,600 support.

Current Price: $63,187
Market Capitalization: $1.24 trillion
Trading Volume: $21.85 billion
7-Day Gain/Loss: 1.14%

Cat in Dogs World (MEW)

Major Bias: Bearish

Taking the fourth spot on this week’s list of trending coins is the MEW token. It was recently launched but has seen a significant price decline in today’s trading activities only. The market has declined by 17.08% today, compared to just 2.24% over the past seven days. The coin also has a market cap of $430.76 million and a trading volume of $60.76 million.

The MEW token was recently launched and will, therefore, be examined on a smaller time-framed market. On a 4-hour market chart, it could be seen that prices have been sliding downward, as indicated by the available metrics. However, the ongoing session has presented just a minimal rebound. This has placed the coin’s price back above the 50 Fibonacci Retracement level.

Also, the Moving Average Convergence Divergence (MACD) indicator bar is now pale red in recognition of the rebound that has occurred in the session. Nevertheless, the lines of the indicator are still below the equilibrium level. Consequently, this offers very little hope for upside potential. Traders can still target a lower price level using a bearish crypto signal, with targets at $0.004000.

Current Price: $0.004872
Market Capitalization: $430.76 million
Trading Volume: $60.76 million
7-Day Gain/Loss: 2.24%

Voxies (VOXEL)

Major Bias: Bearish

Voxies is the last coin on this list. The coin has printed the smallest amount of loss as of the time of writing, with a magnitude of the magnitude 0.70%. Meanwhile, it has posted an increase of 4.85% over the past seven days. Its market cap stands at $44.61 million and has a trading volume of $4.31 million.
From the daily price chart, it could be seen that the coin has been making higher highs since the coin’s price action tested the $0.2000 mark.

The ongoing session seems to mark the beginning of another upside correction from a higher support at the 61.80 Fibonacci Retracement level. The last price candle shows that the market is contracting upwards, which is a good sign despite the coin trading below the GMMA lines. Also, the MACD lines take a slightly upward path below the equilibrium level. The last bar of the MACD is now solid green. The behavior of price action suggests that the market may pick up towards the $0.2750 mark.

Current Price: $0.2543
Market Capitalization: $44.61 million
Trading Volume: $4.31 million
7-Day Gain/Loss: 4.85%

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