Trending Cryptocurrencies for December 29, 2024: HIVE, AIXBT, AGLD, XVG, and THE

This week’s trending coins list has arrived with only one surviving cryptocurrency from last week still on it. Other coins have also gained traction and arrived in the list of the top five most sought-after cryptocurrencies. Without delay, let’s dive into the analysis of each of the markets as presented on this week’s list of trendy coins.

Hive (HIVE)

Major Bias: Bullish

The Hive coin has stayed bullish as per major bias and remains at the top of the list of the week’s trending coins. As of today, the coin has recorded an additional price increase of 24.83% today and an overall price increase of 23.84% over the past seven days. This coin has a market cap of $210M as of the time of writing and a trading volume of $899M.

The price chart shows that the token’s price has surged today, but headwinds have caused some downward contraction. Nevertheless, price action in this market remains bullish despite the downward contractions. The Stochastic Relative Strength Index (RSI) lines remain projected upward since the last bullish crossover above the 75 level of the indicator. What’s more, is that the lines of this indicator are not much extended despite the significant price movement. Technically, this hints that upside forces are quite strong in this market and may still have what it takes to push the market further up toward the $0.4500 threshold subsequently.

Current Price: $0.4159

Market Capitalization: $210M

Trading Volume: $899M

7-Day Gain/Loss: 24.83%

aixbit by Virtuals (AIXBT)

Major Bias: Bullish

The AIXBT token has made it to the second spot on this week’s list of trending coins. As of the time of writing, the coin has seen a price increase of 34.99% and an overall seven-day price increase of 76.60%. This coin also has a market cap of $438.91M and a trading volume of $93.10M.

This coin was recently launched, and as such, its price movement is best studied on a 4-hour price chart. The price activity in this market can be seen to have taken an upward path since the 9th of December. However, more recently, this coin has seen a stronger upside retracement. As a result, price action in this market has moved further above the available Moving Average (MA) lines. Likewise, the Stochastic RSI lines are at the 100 level of the indicator and are now dragging sideways at that level. The last price candle on the chart remains green above a technical support level at the $0.5000 threshold. Be that as it may, traders should note that price action may be rejected downward soon, perhaps at $0.5500.

Current Price: $0.5125

Market Capitalization: $438.91M

Trading Volume: $93.10M

7-Day Gain/Loss: 76.60%

 

Adventure Gold (AGLD)

Major Bias: Bullish

The AGLD token takes the third spot on this week’s list of trending coins. As of today, its price has increased 34.66% and 51.19% over the past seven days. It has a market cap of $194.32M and a trading volume of $979.73M.

On the daily chart, it could be perceived that price action has gained massive volatility. This can also be seen in today’s trading activity so far as represented by the corresponding price candle. The corresponding price candle can be seen appearing green and still maintaining the value of the coin at a significant distance. However, it could be seen that downward forces have exerted some influence on prices in the ongoing session. The lines of the Stochastic RSI line seem a bit deflected from its downward trajectory. Therefore, it looks like upside forces are likely to maintain the upper hand given the position of price action above all the MA lines. Therefore, traders may still prepare for a breakthrough of the $2.500 threshold level.

Current Price: $2.454

Market Capitalization: $194.32M

Trading Volume: $979.73M

7-Day Gain/Loss: 34.66%

Verge (XVG)

Major Bias: Bearish

The Verge token comes fourth on this week’s list of trending coins. The token has a market cap of $227.78M while its trading volume stood at $214.17M. Also, as of today, its price has increased by just 33.35%, while over the past seven days its price rose by 16.37%.

On the daily chart, the corresponding price candle to the ongoing session has appeared bearish. This seems to have occurred after the market contracted downwards. Nevertheless, trading activity in this market remains above all the MA lines. Also, the Stochastic RSI lines can be seen still projected upwards. The lead line of the indicator has risen past the 50-threshold level of the indicator. This is so on the Stochastic RSI despite the seen downward rejection of price movement. Consequently, traders can remain hopeful of price action retracing its steps back toward the psychological resistance at $0.01600.

Current Price: $0.0137

Market Capitalization: $227.78M

Trading Volume: $214M

7-Day Gain/Loss: 16.37%

THENA (THE)

Major Bias: Bullish

And last but not least, the cryptocurrency on this week’s list of trending coins is the THENA coin. The token price has moved by 16.55% today while it saw a price increase of 32.93% over the past seven days. Furthermore, it has a market cap of $139.02M and $203.75M in trading volume.

This coin is a recently launched one and, as such, will be examined on a 4-hour price chart. The last price candle on this chart has appeared green, thereby indicating that upside forces are in the lead. Also, this is in keeping with the fact of the crossover on the 20- and 100-day MA curves. The Stochastic RSI lines can be seen as having delivered a bearish crossover above the 70 level of the indicator. The resulting lines can be seen descending toward the 70 level of the indicator. Therefore, price action can still proceed toward the $2.00 level.

Current Price: $1.667

Market Capitalization: $139.02M

Trading Volume: $203.75M

7-Day Gain/Loss: 32.93%

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