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This week’s list of trending cryptocurrencies reflects a prevailing bullish sentiment across the market. Most of the featured coins are experiencing notable price increases as of the time of writing. Let’s dive into the details below.
Litecoin (LTC)
Major Bias: Bullish
Litecoin has taken the top spot on this week’s list of trending cryptocurrencies. The coin’s price has surged by a whopping 17.65% in the past 24 hours, while the 7-day performance shows a significant 22.46% gain. It currently holds a market capitalization of $8.97B and a trading volume of $2.05B.
On the price chart, Litecoin has maintained an upward trajectory over the past seven days. The latest daily candle shows strong gains, standing above the upper limit of the Bollinger Bands (BB) indicator. Additionally, the Smoothed Rate of Change (SROC) indicator continues a smooth upward trend above the equilibrium line. Although a modest pullback could occur, the market remains poised to test the $120 level.
Current Price: $117.74
Market Capitalization: $8.97B
Trading Volume: $2.05B
7-Day Gain/Loss: +22.46%
Tezos (XTZ)
Major Bias: Bullish
Next on the list of trending cryptocurrencies is Tezos (XTZ), which has recorded an impressive 44.38% gain in the last 24 hours and 75.61% over the past week. As of writing, it holds a market cap of $1.20B and a trading volume of $1.44B.
The daily chart shows that XTZ has strongly broken through the upper limit of the BB indicator in the previous session. The ongoing session continues with similar momentum, with the price standing tall above the BB’s upper band. Simultaneously, the SROC indicator is rising sharply above its equilibrium level, reinforcing the bullish momentum. The market appears poised to reach the $1.500 mark in the near term.
Current Price: $1.1531
Market Capitalization: $1.20B
Trading Volume: $1.44B
7-Day Gain/Loss: +75.61%
Chainlink (LINK)
Major Bias: Bullish
In third place is Chainlink (LINK), which continues a multi-week upside recovery. As of now, LINK has gained 9.75% in the last 24 hours and 22.83% over the past seven days. It currently has a market capitalization of $13.515B and a trading volume of $914M.
On the price chart, the current candle remains above the upper Bollinger Band, indicating sustained upward momentum. The SROC indicator also shows continued strength above the equilibrium level. Technically, the market appears to be heading toward the $25 mark, though a potential pullback may occur along the way.
Current Price: $19.45
Market Capitalization: $13.515B
Trading Volume: $914M
7-Day Gain/Loss: +22.83%
Conflux (CFX)
Major Bias: Bearish
Conflux (CFX) takes the fourth spot this week’s list of trending cryptocurrencies. Despite a 60.03% gain in the past 24 hours, the token has only increased 50.54% over the past seven days, showing today’s spike outpaces the weekly trend. The token holds a market cap of $838.73M and a trading volume of $481.32M.
On the daily chart, the most recent candle has broken through resistance levels, including the upper BB band and the $0.1600 price level. The SROC indicator is climbing sharply above the equilibrium line. However, since the token now trades above the upper BB limit, a short-term pullback may be expected before a potential continuation toward the $0.2000 mark.
Current Price: $0.1678
Market Capitalization: $838.73M
Trading Volume: $481.32M
7-Day Gain/Loss: +50.54%
Alpaca Finance (ALPACA)
Major Bias: Bullish
Rounding out the list is Alpaca Finance (ALPACA). While the token has seen a daily increase of 18.81%, it has declined 34.78% over the past seven days, indicating a recent recovery after a broader downtrend. It currently has a market cap of $7.64M and a trading volume of $9.64M.
The chart shows a rebound in the previous session, with price action staying above the BB’s middle band. The most recent candle appears contracted, with an upper shadow suggesting selling pressure. Meanwhile, the SROC indicator is trending slightly upward above the equilibrium level. This hints that ALPACA could attempt a move toward the $0.1000 resistance level.
Current Price: $0.5049
Market Capitalization: $7.64M
Trading Volume: $9.64M
7-Day Gain/Loss: –34.78%
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