Top Trending Coins for Today, April 1: ARB, XRP, SHIB, BTC, and BLUR  

 Across the trending crypto market, we notice a bit of a pullback in the bull market. The previous weeks have favored the bulls, and we are now beginning to see a growing bearish sentiment, which may be the reason behind the general stagnancy of the price across the trending crypto market. 

 Arbitrum (ARB)

The analysis of the Arbitrum market shall be based on a smaller time frame than the daily time frame because it appears that this market is new. It has very little historical data representation on the trading chart. However, in the past week, the market made an impressive bullish move to rally to the March 23 price level, which is $1.488. The $1.488 could also refer to the inception price for this market. The market has remained pegged along the way to its mark. The $1.39 price level and the $1.42 price level are major strongholds to capture before getting to the $1.488 price level.

Current Price: $1.34

Market Capitalization: $1,712,140,022

Trading Volume: $791,020,728

Ripple (XRP)

The Ripple (XRP) bullish run may still be considered to be in progress, even though, for now, the market is pegged at around the resistance level of $0.546. The growing bearish sentiments among traders seem not to be powerful enough to trigger a bearish cycle. The market will continue its upside trend after this brief faceoff between the buyers and the sellers at the current price level. According to the Relative Strength Index (RSI), the price pullback is a result of the market’s correction from overbought territory. XRP still maintains its bullish sentiment.

Current Price: $0.516

Market Capitalization: $26,236,264,314

Trading Volume: $1,971,582,949

Shiba Inu (SHIB)

The SHIB market is settling into a price consolidation trend. As the proximity between the demand level and the supply level increases, the market actions on the chart look like they are forming a symmetrical triangle pattern. The symmetrical triangle pattern could be a sign that the indecision in the market may still continue for a while. The Bollinger Bands portray the intensifying tug-of-war with its converging bands. At the climax of the bands’ convergence, we should see a decisive market break out. That may happen when the volume of trade increases.

 Current Price: $0.00001122

 Market Capitalization: $6,376,114,914

 Trading Volume: $191,365,462

Bitcoin (BTC)

Some traders in the BTC market decide to short their position after the bullish price enters the $28,000 zone. However, the market still retains bullish sentiment as the bulls contain the bears above the $28,000 price level. The face-off between bulls and bears at this level is the reason for the price consolidation trend. The support level at $27,278 is a strong brick wall for the bear market, but the resistance level is not far away at $28,330, making the contention for the price very intense. However, for the past three days, the resistance level has been under pressure even with the minimal volume of trade.

Current Price: $28,428
Market Capitalization: $550,145,254,329
Trading Volume: $16,268,654,656

Blur (BLUR)

The blur bear market was triggered after the bull market reached its all-time high of $1.40. The Blur bulls were able to find their footing at the $0.49 price level to turn the market back to the north. However, they did not go too far as they encountered the $0.665 price level. The bullish run was aborted as the sellers took over the market, but they could not drive the price below the key support level. The tug-of-war intensifies near the demand line until the impressive bullish move of March 30 and 31 pushes the price to the $0.665 resistance level. The buyers have brought the pressure to the resistance level.

Current Price: $0.6421
Market Capitalization: $273,188,735
Trading Volume: $159,211,787

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