Trending Cryptocurrencies for September 7, 2024: BTC, DOGS, NEIRO, TON, and SOL

Most of the trending cryptocurrencies from last week have been able to retain their trendiness. As such, they have remained in the list of the top five most sought-after coins. BTC has been trending for all the bearish reasons, as its price fell below the $56,000 and $55,000 levels. The majority of coins on this list are bearish.

Bitcoin (BTC)

Major Bias: Bullish

Bitcoin has seen a price increase of 1.43% today and a price decline of 7.14% over the past seven days. Also, its market cap has reduced and now stands at $1.08 billion, with a trading volume of $31.95 billion.

The price movement of the king of crypto has also been impressive. The market can be seen dipping rapidly through psychological price levels within two sessions. However, the ongoing session has presented a moderate price recovery toward the lost support at the $56,000 level. Meanwhile, the market lies below all the Guppy Multiple Moving Average (GMMA) lines. Additionally, the Stochastic Relative Strength Index (Stochastic RSI) is still projected downward into the oversold region. Despite the minimal price recovery, headwinds are likely to keep pressuring the market through the $54,000 mark.

Current Price: $54,800
Market Capitalization: $1.08 billion
Trading Volume: $31.95 billion
7-Day Gain/Loss: -7.14%

DOGS

Major Bias: Bullish

The Dogs token has dropped from the top spot on the list of trending cryptocurrencies last week to occupy the second position this week. The token has recorded a price decline of 5.28% during today’s trading and a 19.32% price decrease over the past seven days. Its market cap is $544.53 million, with a trading volume of $421.61 million.

The token was only launched a few weeks ago, so its price action will be studied on a 4-hour chart. Volatility in this market has thinned. However, the last price candle has placed the token’s price above the highly converged green GMMA lines. Meanwhile, the Stochastic RSI lines are still slightly descending into the oversold region. Therefore, traders should limit bullish speculations through the $0.001100 mark as the market remains largely pressurized by headwinds.

Current Price: $0.001050
Market Capitalization: $544.53 million
Trading Volume: $421.61 million
7-Day Gain/Loss: -19.32%

Neiro Ethereum (NEIRO)

Major Bias: Bearish

The Neiro Ethereum token stands in the third spot on this week’s list of trending cryptocurrencies. The coin has experienced a price reduction of 7.32% today, despite an impressive price increase of 135.91% over the past seven days. The token has a market cap of $138.78 million and a trading volume of $103.57 million.

This market has risen significantly, crossing above all the GMMA indicator lines during the past three sessions. The last price candle representing the ongoing session has appeared as a green but dashed candle. This has placed price action below two of the green GMMA lines. Also, the Stochastic RSI lines are still falling towards the oversold region. This suggests that although the market lies above most of the GMMA lines, it may approach the support level at the $0.1276 price mark.

Current Price: $0.1398
Market Capitalization: $138.78 million
Trading Volume: $103.57 million
7-Day Gain/Loss: 135.91%

Toncoin (TON)

Major Bias: Bullish

Toncoin has taken the fourth spot on this week’s list of trending cryptocurrencies, maintaining the same position as last week. The coin has experienced a price reduction of 1.90% today and a 13.36% price reduction over the past seven days. Meanwhile, the coin has an impressive market cap of $11.82 billion and a trading volume of $263.44 million.

Price action reveals that the market is gradually rising through the green set of the GMMA lines. Although the Stochastic RSI lines have a downward trajectory, they appear to be converging. Nevertheless, traders in this market may want to be cautious with crypto signals targeting prices above the $5.00 threshold.

Current Price: $4.671
Market Capitalization: $11.82 billion
Trading Volume: $263.44 million
7-Day Gain/Loss: -13.36%

Solana (SOL)

Major Bias: Bullish

In the last spot is the Solana token. The token has only seen a minimal price increase of 0.69% in today’s activity and a 5.45% price reduction over the past seven days. Meanwhile, the coin has an impressive market cap of $60.31 billion and a trading volume of $2.59 billion.

On the price chart, price action has rebounded off the $123.27 and $120.00 support levels. The last price candle on the chart has now placed the coin’s price at $128.85. Nevertheless, price action remains below most of the GMMA lines. Meanwhile, the Stochastic RSI lines are now sideways and flat at the 20 mark of the indicator. This signals that the moderate upside correction has encountered another headwind, and prices may descend toward the $123.27 price level.

Current Price: $128.85
Market Capitalization: $60.31 billion
Trading Volume: $2.59 billion
7-Day Gain/Loss: -5.45%

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