Trending Cryptocurrencies for November 30, 2024: XRP, SXCH, HYPE, EGO, and BTC

Bitcoin continues to oscillate between the $100,000 and $95,000 price levels. Consequently, this has given it a trapped appearance. Most other coins have also been impacted, while some cryptocurrencies, like XRP, have shone brightly, claiming the top spot on this week’s list of trending cryptocurrencies. Let’s take a closer look at each of the coins that have attracted the most attention in the past 7 days.

XRP

Major Bias: Bullish

Bulls have been on a rampage in the XRP market. The coin has seen a price increase of more than 10% in today’s trading activity and a 27.86% increase in the past 7 days. XRP’s market cap has surged to an amazing $106.77B, with a trading volume of $16.76B. As a result, it stands in the first spot on this week’s list of trending cryptocurrencies.

On the price chart, the price action can be seen surging rapidly through multiple resistance levels. The latest price candle is still holding significant gains despite experiencing a downward contraction. The ongoing session’s price candle is comfortably above the $1.800 threshold. Trading continues at a significant distance above all the Moving Average (MA) ribbons on the chart. The Stochastic Relative Strength Index (RSI) indicator is rising sharply upwards, confirming the bullish trend in the market. While the ongoing session has seen considerable downward price contraction, it’s likely that this market may still progress towards the $2.00 mark.

Current Price: $1.866 Market Capitalization: $106.77B Trading Volume: $16.76B 7-Day Gain/Loss: 27.86%

SolarX (SXCH)

Major Bias: Bearish

The SolarX coin has seen a massive price surge in recent sessions. However, price action seems to have quickly come under bearish pressure. As of today, the SXCH token stands in the second position on this week’s list of trending cryptocurrencies and has seen a price decline of 3.89% and a 63.86% price increase over the past 7 days. Meanwhile, this token has a tiny market cap of just $1.61M and a trading volume of $4.40M.

Looking at the coin’s price chart, the past two sessions were particularly volatile. There was a sudden price surge as portrayed by the corresponding price candle. Subsequent sessions have only produced price declines, with the ongoing session minimally extending that trend. Yet, price action remains above all the MA lines, technically keeping bullish hopes alive. Also, the Stochastic RSI lines are still projected upwards, hinting that upside forces are still at an advantage. The latest price candle, appearing like an inverted hammer, suggests that downward forces may have hit a barricade and may not make further progress. Therefore, this market may rebound towards the $0.0400 mark.

Current Price: $0.03056 Market Capitalization: $1.61M Trading Volume: $4.40M 7-Day Gain/Loss: 63.86%

Hyperliquid (HYPE)

Major Bias: Bullish

The HYPE token comes third on the list of trending cryptocurrencies. The coin has seen a price increase of 68.60% today and a 175.04% increase over the past seven days. The token has a self-reported market cap of $2.94B and a trading volume of $420.67M.

On the price chart, price action gained notable volatility in the previous session. The latest price candle, corresponding to the ongoing session, has continued the trend, appearing bullish and still holding a considerable amount of gains despite the downward contraction in the session. Also, the token continues to trade above all MA lines, while the Stochastic RSI lines continue in an upward path. Consequently, all indications arising from this chart suggest that price action may advance upward in subsequent sessions, towards the $0.0900 mark.

Current Price: $0.08230 Market Capitalization: $2.94B Trading Volume: $420.67M 7-Day Gain/Loss: 175.04%

EGO

Major Bias: Bullish

EGO coin comes in the fourth position on this week’s list of trending coins. The coin has stayed bullish for the second consecutive session and, as of today, has seen a price increase of 13.66% and a 23.78% increase over the past 7 days. Its market cap stood at $1.44M with a trading volume of $2.75M at the time of writing.

Looking at the price chart, it can be seen that the market recently came to life, judging by the appearance of its price action. Since the previous session, the market has kept on gaining moderate upside traction. However, the ongoing session has seen increased bullish momentum, judging by the size of the corresponding price candle. Also, price action stays above all the MA lines, particularly above the recently crossed 20- and 200-day MA lines. In addition, the Stochastic RSI lines can be seen still rising upwards into the oversold region. Therefore, the market may more steadily approach the $0.03000 threshold level.

Current Price: $0.02542 Market Capitalization: $1.44M Trading Volume: $2.75M 7-Day Gain/Loss: 23.78%

Bitcoin (BTC)

Major Bias: Bearish

Bitcoin has fallen from the top spot on the previous week’s list to the fifth spot on this week’s list of trending coins. This seems to be a result of it being largely trapped between the $100,000 and $96,000 levels. As of today, the king recorded a price decline of 1.77% and an overall price reduction of 1.47% over the past 7 days. Its market cap stands at $1.91T at the time of writing, with a trading volume of $39.81B.

On the daily price chart, it can be seen that the current session is bearish and has presented minimal downward retracements. However, price action stays above all the MA lines on the chart. Likewise, the Stochastic RSI indicator lines can be seen to have risen past the 20 mark of the indicator. A deflection can be spotted on the leading line of the indicator, reflecting the minimal downward retracement on the price chart. Nevertheless, since trading activity still lies above all the MA lines, this maintains the impression that this market could journey towards the $100,000 mark shortly.

Current Price: $96,605 Market Capitalization: $1.91T Trading Volume: $39.81B 7-Day Gain/Loss: 1.47%

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