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An entirely new set of crypto coins has taken the stage for this week’s list of trending cryptocurrencies. On this week’s list, the WLFI coin takes the lead, with SLAY in the second spot, followed by BOOST. Most of these coins have witnessed notable gains over the past 24 hours, many of which hold the promise of registering further growth.
World Liberty Finance (WLFI)
Major Bias: Bullish
The WLFI coin has a strong head start on this week’s list of trending cryptocurrencies. The coin registered a price increase of 14.87% in the past 24 hours. It also holds a commanding $5.5B market cap with a trading volume of $1.95B as of the time of writing.
Since the token was recently launched, it is best to study its price action on a 4-hour chart for convenience. Here, price action resides above the 9-day Exponential Moving Average (EMA) line, but the market has been descending toward the EMA line over the past two sessions. The Stochastic Relative Strength Index (SRSI) indicator lines have taken a bearish turn, descending toward the 80 threshold of the indicator. Should price action fall below the 9-day EMA curve, this would signal a stronger downward retracement toward the $0.1900 price level.
Current Price: $0.2218
Market Capitalization: $5.50B
Trading Volume: $1.95B
24-hour Gain: 14.87%
SatLayer (SLAY)
Major Bias: Bullish
The SatLayer coin sits in second place on this week’s list of trending cryptocurrencies. It has seen a larger price increase than the previously examined coin. As of the time of writing, the token had registered a price increase of 21.43%, while its market cap was $12.95M and its trading volume was $44.71M.
The SLAY token’s price action is in a clear uptrend, with the market climbing steadily over the past two sessions. The ongoing session has its base above the 9-day EMA curve, while the corresponding price candle remains green. The lines of the SRSI indicator are rising steadily upward without interruption. At this point, the market seems aligned for more upward movement and may proceed toward the $0.03000 mark.
Current Price: $0.02885
Market Capitalization: $12.95M
Trading Volume: $44.71M
7-Day Gain: 21.43%
Boost (BOOST)
Major Bias: Bullish
The Boost coin takes the third spot on this week’s list of trending cryptocurrencies. Its price has increased by an impressive 25.57% in the past 24 hours. Its market capitalization was last recorded at $14.8M, while its trading volume stood at $49.83M.
On the daily chart, the BOOST token has truly received a significant lift, with price action leaping to a multi-month high over the past two sessions. Price action remains green and continues to trade above the 9-day EMA curve. At the same time, the SRSI indicator lines can be seen merging and rising steadily into the peak of the overbought region. Despite the overbought condition, the market may still advance toward the $0.2500 price level.
Current Price: $0.2410
Market Capitalization: $14.80M
Trading Volume: $49.83M
7-Day Gain: 25.57%
Akedo (AKE)
Major Bias: Bullish
In fourth place on this week’s list of trending cryptocurrencies is the Akedo token. It has witnessed a modest price growth of 6.58%. Its market capitalization was recorded at $18.71M, while its trading volume stood at $46.97M.
The Akedo token is best studied on a 4-hour chart. Recent price candles on the chart can be seen hovering around the 9-day EMA curve. The last price candle is green but modest in size. The SRSI indicator lines are converging in the oversold region. Nevertheless, the presence of price action below the 9-day EMA curve suggests that the market may still head downward toward the $0.08000 price level.
Current Price: $0.0008261
Market Capitalization: $18.71M
Trading Volume: $46.97M
7-Day Gain: 6.58%
INFINIT (IN)
Major Bias: Bearish
Last but not least on this week’s list of trending cryptocurrencies is the IN token. In line with its position, it has recorded the smallest gains in the past 24 hours, with just a 1.39% increase. Its market cap stood at $12.89M, while its trading volume was $32.18M.
On the daily chart, price candles remain below the 9-day EMA curve, appearing compressed under strong headwinds. At the same time, the lines of the SRSI indicator are converging in the oversold region. However, the last two price candles are green, suggesting bullish efforts in the market. Should price action rise above the 9-day EMA curve, the market may advance toward the $0.08000 price level.
Current Price: $0.005682
Market Capitalization: $12.89M
Trading Volume: $32.18M
7-Day Gain: 1.39%
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