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The crypto market has been lively today, and this week’s list of trending cryptocurrencies reflects that activity. Chainlink (LINK) is leading the pack, followed closely by OKB. All the tokens listed here have posted varying degrees of gains so far. Let’s examine each of them in more detail below.
Chainlink (LINK)
Major Bias: Bullish
The LINK token tops this week’s list of trending cryptocurrencies, displacing Bitcoin, which held the spot last week. LINK has recorded a 14.08% price increase in the past 24 hours, along with a similar gain over the last seven days. The token has a market capitalization of $16.70B and a trading volume of $1.65B.
On the daily price chart, LINK has been retracing upward, continuing a rebound that started in the previous session. Price action is currently testing the upper band of the Bollinger Bands (BB) indicator. The BB indicator is expanding, while the Stochastic Relative Strength Index (SRSI) lines are converging for another bullish crossover. This suggests that bullish momentum may strengthen, potentially driving the market toward the $28 price level.
Current Price: $24.62
Market Capitalization: $16.70B
Trading Volume: $1.65B
7-Day Gain: 14.08%
OKB
Major Bias: Bullish
OKB claims the second spot on this week’s trending list. The token has grown 12.74% in the past 24 hours and an impressive 156.58% over the last seven days. It holds a market capitalization of $2.61B and a trading volume of $496.04M.
The OKB/USDT market remains bullish, with the past four sessions registering strong upward moves. The latest candle continues to push against the upper band of the BB indicator. Despite some contraction in the ongoing session, the SRSI lines are still converging for a bullish crossover, suggesting traders may continue targeting the $125 price level.
Current Price: $118.53
Market Capitalization: $2.61B
Trading Volume: $496.04M
7-Day Gain: 156.58%
Merlin (POND)
Major Bias: Bullish
POND has overtaken Solana from last week’s third spot to secure this week’s position. The token has risen 33.75% in the past 24 hours and 32.56% over the past seven days. Meanwhile, it’s market cap stood at $87.76M while it has a trading Volume of $80.76M.
The POND/USDT chart shows that bulls are holding strong against downward pressures. A long green candle recently broke through the upper band of the BB indicator. While minor pullbacks have occurred, bullish momentum remains intact. The SRSI lines have just made a bullish crossover at the 80 level, signaling that the market may continue upward toward the $0.01200 mark.
Current Price: $0.01080
Market Capitalization: $87.76M
Trading Volume:$80.95M
7-Day Gain: 32.56%
Cyber (CYBER)
Major Bias: Bullish
CYBER takes the fourth spot on this week’s list. It has gained 18.95% in the past 24 hours and 55.36% over the past seven days. The token currently has a market capitalization of $144.40M and a trading volume of $209.60M.
The CYBER/USDT market rebounded in the previous session and has maintained a strong upside move in the ongoing session. Price action remains above the middle band of the BB indicator, which maintains an upward trajectory. Meanwhile, the SRSI lines are converging for a bullish crossover at the 50 level, suggesting that further upside retracements may push the market toward the $4 price level.
Current Price: $2.82
Market Capitalization: $144.40M
Trading Volume: $209.60M
7-Day Gain: 55.36%
Test (TST)
Major Bias: Bullish
TST rounds out the list in the fifth position. It has gained 12.72% over the past 24 hours and 21.26% in the last seven days. The token’s market capitalization stands at $29.64M, with a trading volume of $102.84M.
On the daily chart, the TST/USDT market has slipped below key technical levels. Price action is struggling to stay above the middle band of the BB indicator, facing repeated rejections. The BB indicator itself shows a downward slope, though the SRSI lines continue trending upward following a recent crossover. If the market succeeds in reclaiming the middle band, traders may see further upside movement toward the $0.04500 level.
Current Price: $0.03132
Market Capitalization: $29.64M
Trading Volume: $102.84M
7-Day Gain: 21.26%
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