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On this week’s list of trending cryptocurrencies, it can be observed that Bitcoin has eventually been displaced from the list. Other newly launched cryptos have appeared on this list. Meanwhile, VOXEL and PEPE have retained their appearances on the list. Let’s try to gain more insight into these markets.
Ethena (ENA)
Major Bias: Bullish
The Ethena token leads this week’s list of trending cryptocurrencies. The token has recorded a price increase of 2.98% in 24 hours and an overall 7-day price increase of 3.63% as of the time of reckoning. Furthermore, the token has a market capitalization of $1.31 billion and a trading volume of $207.77 million.
On the price chart, the coin is trading above the $0.866 mark. The ongoing session has printed profits corresponding to the ones seen on the given metric. Meanwhile, this keeps the coin testing the middle limit of the Bollinger Bands. Likewise, the upper and lowest limits of the Bollinger Bands can be seen converging, suggesting that the market may be pushed upwards. The Stochastic Relative Strength Index (SRSI) seems to be orienting sideways above the 50 mark of the indicator. This suggests that upside momentum may be kindling in this market.
The KLAY token stands in the second spot on this list of trending cryptocurrencies. As of the time of capture, the token has seen a price decline of 0.09%, while it has seen an overall price decline of 8.68% over the past 7 days. The token has a market cap of $609 million and a trading volume of $9.26 million. The price chart reveals that the market has been making lower lows.
The previous session has been portrayed by the last previous price candle, which printed a considerable price decline. The ongoing session has shown that the trend may continue in the meantime. Price action continues to hover around the lowest limit of the Bollinger Bands. The SRSI indicator lines have delivered a crossover, indicating that the market may continue towards lower price levels. As it stands, traders may target the price level at the $0.1500 price mark, considering the prevalent trend in this market.
Current Price: $0.1682
Market Capitalization: $609 million
Trading Volume: $9.26 million
7-Day Gain/Loss: 8.68%
Ready to Fight (RTF)
Major Bias: Bullish
The RTF token has made it to the third spot on this week’s list of trending cryptocurrencies. The token has recorded one of the most significant gains in today’s trading activities. The RTF token printed a price increase of 27.08%. Meanwhile, over the past seven days, the market saw a price increase of 56.24%. Its market cap wasn’t recorded, while its trading volume was $12.27 million.
Meanwhile, the price chart indicates that price action has been hovering around the uppermost limit of the Bollinger Bands. The SRSI indicator lines are in the overbought region. The lines of this indicator are trending sideways to reveal that the uptrend has been generally persistent. A minor downward correction can be perceived to have occurred in the ongoing session. This suggests that traders may want to stick to the trend towards the $0.2000 mark but place trades with crypto signals targeting that price level.
Current Price: $0.1813
Market Capitalization: —
Trading Volume: $12.27 million
7-Day Gain/Loss: 56.24%
Voxies (VOXEL)
Major Bias: Bullish
The Voxies market has done one better today than its previous performance over the past seven days. While the token sits in the fourth position, it printed a price increase of 3.38% in 24 hours, while it saw a price decline of 10.49% over the past 7 days. As of the time of writing, the market cap of this token is just $38.64 million, while its trading volume is $2.86 million.
On the price chart, it appears that the upside forces are making their stand above $0.02200. The current session has produced minor gains as presented by the given metrics above. Nevertheless, the market stays generally depressed as trading activities are still below the middle limit of the Bollinger Bands. At the same time, it could be perceived that the SRSI indicator lines have delivered a bullish crossover in the overbought region. This aligns with the minimal upside correction on the price chart. However, it’s safe to say that the market may extend towards the $0.200 mark.
Current Price: $0.2211
Market Capitalization: $38.64 million
Trading Volume: $2.86 million
7-Day Gain/Loss: 10.94%
Pepe (PEPE)
Major Bias: Bullish
The PEPE token has also delivered an impressive performance during today’s trading activities. The market has seen a price increase of 5.15% in 24 hours. The past 7 days have seen a price increase of just 1.39%. Meanwhile, this coin has a market cap of $3.64 billion and a trading volume of $692.12 million. Ever since price action in this market leveled up near the $0.000005000 level, it can be seen that price action has been making higher highs.
This market can be seen to have broken another psychological level at the $0.00000800 mark. Also, the SRSI indicator lines are still rising upwards above the 60 level of the indicator. In addition, the upper and lower limits of the Bollinger Bands appear to still be converging, while trading activities are above the middle limit of the Bollinger Bands. This hints that the market may approach the $0.00001000 mark soon.
Current Price: $0.000008710
Market Capitalization: $3.64 billion
Trading Volume: $692.12 million
7-Day Gain/Loss: 1.39%
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