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Notable volatility is beginning to return to the altcoin market. This week’s list of trending cryptocurrencies features coins that have seen significant price increases in the past 24 hours. Let’s dive into the details of each coin below.
XPR Network (XPR)
Major Bias: Bullish
The XPR network token has taken the top spot on this week’s list of trending cryptocurrencies. The coin has seen a price increase of over 26.61% in the past 24 hours and a 123.24% increase over the past seven days. It also has a market cap of $139.86M and a trading volume of $171.30M.
The price chart shows a massive increase in price volatility over the past 24 hours. However, the ongoing session has appeared as a moderately large price candle. It has considerably dipped the market but keeps prices above the $0.00500 level. This token is still trading above all the Moving Average lines, and the Stochastic RSI lines remain above the 80 mark. The lead line of the RSI is deflected sideways due to the downward retracement seen in the ongoing session. Nevertheless, this market has the potential to continue upward past the $0.00600 price level.
Current Price: $0.0052298
Market Capitalization: $139.86M
Trading Volume: $171.30M
7-Day Gain/Loss: 123.24%
Litecoin (LTC)
Major Bias: Bullish
Litecoin is the second token on this week’s list of trending cryptocurrencies. This token has seen a price increase of 5.32% within the last 24 hours, which is significant given its current price. It also saw a 1.93% price increase over the past seven days. LTC has a market cap of $9.58B and a trading volume of $1.45B.
Today’s trading activity has been quite profitable in the LTC market, as displayed by the last price candle on the chart. As a result, the market is approaching the $130.00 mark, which is a psychological resistance level. Yet, price action remains above all the MA lines. Meanwhile, the Stochastic RSI indicator lines are rising steadily following a crossover just above the 40 level. Given the indications arising from this price chart, it seems likely that price action will eventually breach the $130.00 price mark.
Current Price: $127.02
Market Capitalization: $9.58B
Trading Volume: $1.45B
7-Day Gain/Loss: 1.93%
SPT (STPT)
Major Bias: Bearish
The SPT token ranks third on this week’s list of trending coins. Judging by recorded price increases, this token has seen the second-largest price increase in the past 24 hours, with a 47.99% increase at the time of writing and an 87.70% increase over the past seven days. It has a market cap of $254.16M and a trading volume of $634.81M.
Interestingly, this market has been retracing higher since the past five sessions, although price movement has been moderate. However, today’s trading saw a considerable surge, causing the last price candle to push through multiple resistance levels. There has been some downward price retracement in the ongoing session, but the token’s price remains above the $0.1300 level and all MA lines. The Stochastic RSI lines are still in the overbought region, indicating strong bullish momentum. Traders can anticipate an upside rebound off the $0.1300 level, though the market may retrace to the $0.1200 support.
Current Price: $0.13186
Market Capitalization: $254.16M
Trading Volume: $634.81M
7-Day Gain/Loss: 47.99%
Jupiter (JUP)
Major Bias: Bullish
Jupiter (JUP) ranks fourth on this week’s list of trending coins. The price of Jupiter has increased by an impressive 18.46% in the past 24 hours, although it has decreased by 1.89% over the past seven days. It has a market cap of $1.70B and a trading volume of $663.36M.
The upside retracement in the ongoing session is rooted in the previous session when price action rebounded off the $0.8000 mark. Today’s session has seen a more significant price surge, causing the market to rise past the $1.00 mark. The market is continuing to test the 100-day MA line as resistance. Meanwhile, the Stochastic RSI indicator lines have delivered an upside crossover just below the 40 level. Therefore, targeting the $1.200 mark has a high chance of success.
Current Price: $1.0065
Market Capitalization: $1.70B
Trading Volume: $663.36M
7-Day Gain/Loss: 1.89%
Vine Coin (VINE)
Major Bias: Bearish
Vine Coin takes the last spot on this week’s list of trending cryptocurrencies. This is a recently launched coin with limited price history, but it has performed impressively, recording a 112.74% increase over the past 24 hours and a 72.02% increase over the past seven days. It has a market cap of $319.91M and a trading volume of $1.1B.
As noted earlier, this token was recently launched and is currently being analyzed on a 1-hour market timeframe. The last price candle on the chart is red and above all the MA lines, standing above the $0.3000 level. However, downward forces seem to be weakening as price action approaches the technical support at the $0.3000 level. The Stochastic RSI lines are still falling slightly toward the 40 mark. Nonetheless, the $0.3000 price level may serve as a strong support for price action to regain traction towards the $0.4000 price level.
Current Price: $0.3000
Market Capitalization: $319.91M
Trading Volume: $1.1B
7-Day Gain/Loss: 72.02%
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