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As Bitcoin revisits the $100,000 price level once more, the crypto market has witnessed another surge of excitement. This seems to have propelled some altcoins, such as Ethereum, Brett, and Super Trump Coin, into the limelight this week. Also, the EGO token and Bitcoin have seen some notable movement, as they climb to the first and second spots on this week’s list of trending cryptocurrencies.
EGO
Major Bias: Bullish
The first coin on this week’s list of most sought-after cryptocurrencies is the EGO coin. This coin has seen a price increase of 2.45% today. However, this is more than the recorded 1.07% price increase in the past 7 days. The coin has a market cap of just $1.4M while its trading volume is $2.6M.
On the price chart, it is revealed that price action in this market hasn’t seen much movement from last week. However, price action can be seen sustaining above all the Moving Average (MA) lines, while the last price candle has appeared green. As a result, it seems that the 20-day MA line has formed a strong support below price action. Albeit the Stochastic Relative Strength Index (RSI) curves have fallen deeply into the oversold region. Nevertheless, the appearance of the last price candle on the chart has pointed out that upside forces may push towards the $0.03000 mark at least.
Current Price: $0.02542
Market Capitalization: $1.46M
Trading Volume: $2.6M
7-Day Gain/Loss: 1.07%
Bitcoin (BTC)
Major Bias: Bearish
The great market driver, Bitcoin, has continued to flirt with the $100,000 threshold. The market has just poked through the mentioned price level today and, as such, has gained much attention, propelling it to the second spot on this week’s list of trending cryptocurrencies. As of the time of writing, Bitcoin holds a price increase of 0.28%, while over the past seven days it saw an overall price increase of 3.11%. Also, it has a market cap of roughly $1.97T and a trading volume of $63.12B.
The token’s daily price chart has revealed that the ongoing session is hotly contested by price forces. The corresponding price candle to the ongoing session has appeared more like a red doji price candle, which hints at a face-off between market forces. The applied RSI indicator line still has a general upward trajectory, but the lead line seems deflected to the side, reflecting the ongoing struggle in the market. Traders can still anticipate that price action can approach the $100,000 mark over subsequent sessions.
Current Price: $99,628
Market Capitalization: $1.97T
Trading Volume: $63.12B
7-Day Gain/Loss: 3.11%
Super Trump Coin (STRUMP)
Major Bias: Bullish
And the third coin on the list is the STRUMP coin with a price increase of 42.40% as of today’s trading activities. Also, the coin has seen a price increase of 33.74% over the past 7 days. As of the time of writing, STRUMP has a market cap of $5.25M and a trading volume of $5.17M.
The price chart shows that this market has seen only moderate price increases. The market has been almost flat as it dwells below all the MA lines. However, the last price candle has poked through the 20-day MA line. Meanwhile, the movement of the Stochastic RSI lines seems a bit exaggerated as it is already in the overbought region of the indicator. Technically, this hints that upside momentum may not be too strong to breach the technical resistance at the $0.005000 price level up ahead.
Current Price: $0.002975
Market Capitalization: $5.25M
Trading Volume: $5.17M
7-Day Gain/Loss: 33.74%
Brett (Based) BRETT
Major Bias: Bullish
The BRETT token has taken the 4th spot on this week’s list of most sought-after coins. The coin, as of the time of writing, has seen a modest price increase of 6.30% and an 18.12% price increase over the past seven days. Furthermore, the coin has a market cap of $2.11B and a trading volume of $99.11M.
The token’s price action stayed above the $0.2000 price level since the previous session. Also, the market, as of the time of writing, has seen an impressive bullish recovery following the contraction in the previous session. Consequently, the coin has advanced to a significant distance above all the MA lines. Also, the Stochastic RSI lines can be seen sticking to their upward trajectory around the 40 level of the indicator. Technically, this agrees with the opinion that suggests that the market may soon break the $0.2200 ceiling.
Current Price: $0.02542
Market Capitalization: $1.44M
Trading Volume: $2.75M
7-Day Gain/Loss: 23.78%
Ethereum (ETH)
Major Bias: Bearish
While Ethereum has repeatedly tested the $4,000 price level even today, it has only made it to the 5th spot on this week’s list of trending cryptocurrencies. However, this seems understandable as the coin has only seen the minutest price increase of 0.03% as of today and 8.90% over the past 7 days. Also, it has a market cap of $481.41B and a trading volume of $ 32.59 B.
On the price chart, the last price candle has a very small body. However, this price candle has appeared following a considerable downward contraction on the corresponding price candle to the previous session. Nevertheless, the token still trades above all the MA lines, while the Stochastic RSI lines are already in the overbought region of the indicator. At this point, it could be assumed that the market may progress toward the $4200 price level in subsequent sessions.
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