Trending Cryptocurrencies for December 30, 2023: SOL, GORILLA, BONK, OGN, and ANALOS

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RESULTS

There have been major movements in this week’s list of trending cryptocurrencies. Only Solana and Bonk have been able to retain their trendy characteristics from last week until now. Meanwhile, other tokens have been replaced by Gorilla, Origin Protocol, and ANALOS. Let’s further examine each of these tokens, one after the other.

Solana (SOL)

Major Bias: Bearish

Solana now sits in the top spot on this week’s list of trending cryptocurrencies. Going by the available information, it can be said that this token has witnessed an additional price increase of 5.03% in 24 hours. Meanwhile, over the past few weeks, there has been a general price increase of 10.29%. It has also printed a market capitalization of $45.63 billion and a trading volume of $4.38 billion.

The ongoing session for this token has presented moderate losses. This has seen price action correct downward, plunging the token to trade at the $103.00 price level. However, this token still retains some of the profits from the previous session. This has kept the token trading above the $100.00 mark. Nevertheless, the token has remained above the middle limit of the Bollinger Bands. Meanwhile, the MACD indicator lines continue to converge towards each other for a bearish crossover. However, this will require more effort from the bears and may cause prices to tear down the support at the $100.00 mark.

Current Price: $103.51
Market Capitalization: $45.63 billion
Trading Volume: $4.38 billion
7-Day Gain/Loss: 10.29%

Gorilla (GORILLA)

Major Bias: Bearish

The GORILLA token comes second on this week’s list of trending cryptocurrencies, as it has seen a price increase of 3.72% and a price decline of 13.91% over the past seven days. Meanwhile, this token only has a market capitalization of $5.93 million and a trading volume of $660,526.

On the token’s 4-hour chart, it could be seen that price volatility has grown quite thin. This is revealed through the Moving Average Convergence Divergence (MACD) indicator. Also, the past price candle here can be seen with a thin body and just perching above the middle limit of the Bollinger Band indicator. Likewise, the MACD leading line can be seen turning completely sideways at the equilibrium level of the MACD indicator. There may not be too much movement in this market in the meantime, but should the support at $0.00736 hold, a rebound may occur through the $0.007700 mark.

Current Price: $0.007397
Market Capitalization: $5.93 million
Trading Volume: $660,526illion
7-Day Gain/Loss: 13.91%

Bonk (BONK)

Major Bias: Bearish

Bonk has recorded just a minimal price increase of 2.98% in the last 24 hours but has seen a more significant downward correction of 22.28% in the past 7-days. Meanwhile, the token has a market capitalization of $907.23 million and a trading volume of $388.11 million. The BONK token stands in the third position on the list of trending cryptocurrencies for this week.

Following the bull run that occurred in the BONK market weeks ago, which saw the token’s price poke through the resistance at the $0.00002500 mark, bulls seem to have turned tail. Though with reduced momentum, price action has been retracing to lower levels since then. It could be seen that price action has fallen below the middle limit of the Bollinger Bands. The MACD bars have remained solid red, suggesting that bears are strongly positioned to initiate a more downward correction. However, it should be noted that about two sessions ago, this market was ranging just sideways. Meanwhile, the ongoing session has revealed that price action may resume the downward retracement towards the $0.00001283 mark.

Current Price: $0.00001456
Market Capitalization: $907.23 million
Trading Volume: $388.11 million
Gain/Loss: 22.28%

Origin Protocol (OGN)

Major Bias: Bearish

The Origin Protocol token sits in the fourth spot on this week’s list. The token has been trending slightly upward for a while now, with a minimal price increase of just 0.65% within 24 hours. Meanwhile, it has experienced a price decline of 1.68%. As of the time of writing, the token has a market capitalization of $83.30 million and a trading volume of $11.58 million. On the price chart, price action has landed on the middle limit of the applied Bollinger Bands.

Carefully examining the last price candle here, it could be seen that the body of the price candle remains above the middle limit of the Bollinger Bands. At the same time, the MACD has delivered a bullish crossover, and the bars of the indicator suggest that downward forces have strong momentum. This suggests that price action may still break the support formed by the Bollinger Bands, causing the token to revisit the $0.1400 mark.

Current Price: $01447
Market Capitalization: $83.30 million
Trading Volume: $11.58 million
7-Day Gain/Loss: 1.68%

analoS (ANALOS)

Major Bias: Bearish

The ANALOS token has come in fifth on this week’s list of trending cryptocurrencies. The token, as of today, has seen a general price increase of 62.14%, while over the past week, it has experienced a price decline of just 16.39%. ANALOS also has a self-reported market capitalization of $50.34 million and a trading volume of $74.40 million.

This token was recently launched and has seen its lowest price since its launch. However, on the 1-hour market chart, it could be seen that price action has moved steadily off its lowest price mark at $0.0002100. Nevertheless, price activities in this market seem quite thin on volatility, while trading activities are occurring below the middle band of the Bollinger Bands indicator. Simultaneously, it could be seen that the MACD lines are trending slightly downwards towards the equilibrium level, depicting the thin volatility in the market. The majority of indications arising from this market support the deduction of further price declines, perhaps towards the $0.0003800 mark.

Current Price: $0.0004285
Market Capitalization: $50.34 million
Trading Volume: $74.40 million
7-Day Gain/Loss: 16.39%

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