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This week’s list of trending cryptocurrencies features a different set from last week. Topping the list is Dogwifhat, with a price increase of 23.41%. This coin leads not because it has seen the largest 24-hour price increase, but due to the hype surrounding it. Let’s take a look at each of the coins below, one after the other.
Dogwifhat (WIF)
Major Bias: Bullish
Dogwifhat stands in the first spot on this week’s list of trending cryptocurrencies after recording a 23.42% price increase and 55.10% growth over the past seven days. The token has a market cap of $888.81 million and a trading volume of $833.01 million at the time of writing.
The price chart shows a rebound upward from the middle band of the Bollinger Bands indicator. Since the rebound, price action has gained strong upward momentum. The latest price candle is thrusting through the uppermost line of the Bollinger Bands.
The MACD lines are rising upward, following a bullish crossover above the equilibrium level. The MACD histogram bars remain green and above the equilibrium, confirming bullish dominance. The market may soon approach the $1.00 price level.
Current Price: $0.894
Market Capitalization: $888.81M
Trading Volume: $833.01M
7-Day Gain/Loss: 55.10%
Baby Doge Coin (BabyDoge)
Major Bias: Bullish
BabyDoge ranks second on this week’s list of trending cryptocurrencies, showing it has recently gained significant traction. As of today, it has increased by 16.98%, with a 42.14% gain over the past seven days.
On the daily chart, price activity has quickly retraced to higher levels. Although the market remains bullish, the current price candle has shown significant contraction.
Despite this, the token continues trading above the upper Bollinger Band. Similarly, the MACD lines are moving upward following a recent bullish crossover. The market may revisit the $0.0000000002000 level soon.
Current Price: $0.0000000001777
Market Capitalization: [Data not provided]
Trading Volume: [Data not provided]
7-Day Gain/Loss: 42.14%
Mubarak (MUBARAK)
Major Bias: Bullish
Mubarak is a newly launched token with limited price history. Although it had been in a steady decline, it recently surged. The token recorded a 17.49% increase today and 39.72% growth over the past seven days. Its market cap is $45.06 million, with a trading volume of $340.74 million.
The price chart shows significant upward momentum in the previous session. However, the current session has seen a pullback, bringing the price below the upper band of the Bollinger Bands indicator.
Nevertheless, the MACD histogram remains green and above the equilibrium level, suggesting that bullish momentum is still strong. Traders should exercise caution and aim for nearby targets around the $0.600 level.
Current Price: $0.448
Market Capitalization: $45.06M
Trading Volume: $340.74M
7-Day Gain/Loss: 39.72%
Xai (XAI)
Major Bias: Bullish
In fourth place is XAI, which posted the largest 24-hour price increase and a more than 60% gain over the past seven days. It appears to be the best-performing coin on this list of trending cryptocurrencies. It has a market cap of $123.80 million and a trading volume of $266.87 million.
The token has shown significant growth recently, starting a strong upward retracement from the $0.0403 support level. The current session has produced a notable price candle, though some early profits have been trimmed.
Still, the token trades above the upper Bollinger Band. The MACD lines continue to rise above the equilibrium, indicating the market may head toward the $0.1000 level.
Current Price: $0.0807
Market Capitalization: $123.80M
Trading Volume: $266.87M
7-Day Gain/Loss: 60%+
BNB
Major Bias: Bullish
BNB is the last coin on this week’s list of trending cryptocurrencies, despite being the largest by market cap. It recorded a 3.33% gain over the past 24 hours and a 9.70% increase over the past week. Its market cap stands at $92.53 billion, with a trading volume of $2.35 billion.
The token has retraced higher for five consecutive sessions, pushing it above the upper Bollinger Band. The latest candle is red, suggesting a minor price drop.
However, the token remains in bullish territory. The MACD lines continue upward, and green histogram bars indicate the bullish trend may persist. A $700 price target may still be within reach.
Current Price: $655.56
Market Capitalization: $92.53B
Trading Volume: $2.35B
7-Day Gain/Loss: 9.70%
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