Top Trending Coins for Today, December 10: JTO, SFUND, BONK, BTC, and SOL
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This week’s compilation of top-performing coins paints a vivid picture of bullish momentum, as a sea of green dominates the charts. Virtually every cryptocurrency on the list exhibits noteworthy surges in value, reflecting a substantial uptick in market activity. All the markets shortlisted for the top trending list this week are in green. However, in all of the top five markets, in the last 24 hours, they have experienced some losses.
Jito (JTO)
Major Bias: Bullish
At the forefront of this week’s trending coins is the Jito market. Given that its price activities first appeared on the chart on December 7, it suggests that the market may be relatively new. Nevertheless, within the past few days of its inclusion on the chart, the market has demonstrated remarkable performance in favor of the bulls. The market initiated an upward trend from the price level of $1.729, overcoming several resistance levels to peak at a high of $4.4193 on December 9. Despite a subsequent decline due to bearish activities in the last 24 hours, the price is now seeing support around $3.2109, indicating a bullish recovery in progress.
Current Price: $3.389
Market Capitalization: $383,279,952
Trading Volume: $875,876,481
Seedify.fund (SFUND)
Major Bias: Bullish
Since June, this market has exhibited trading patterns within a remarkably narrow price range, indicative of prolonged indecision among investors. While a lack of interest could potentially explain this long-term price stagnation, the substantial trading volume observed since June suggests active participation in the market. Towards the end of October, the trade volume indicator revealed a notable decline in market activity. It was during this period that the bull market initiated a breakout, propelling prices upward and gaining momentum as the bullish trend continued. Following a bullish November, December witnessed an even more pronounced surge, leading to heightened volatility. Subsequently, after reaching a peak at $4.79, significant bearish resistance emerged, though the prevailing sentiment in the market remains predominantly bullish.
Current Price: $3.96
Market Capitalization: $221,158,093
Trading Volume: $17,390,413
Bonk (BONK)
Major Bias: Bullish
In the third position among the top trending markets is Bonk. Similar to the Seedify.fund market, Bonk has maintained a consistent value since its chart debut in January, hovering around $0.0000002563. The period between August and September saw a notable flatness in price, possibly attributed to waning interest among traders. However, in October, bullish traders initiated a breakout, evident in the significant increase in trade volume as more participants entered the bull market.
Throughout this week, the bull market has experienced substantial growth, leading to heightened volatility. This surge created formidable resistance around $0.000015, resulting in a sharp price decline. Nonetheless, bulls are actively intervening to mitigate the bearish market conditions, as indicated by today’s trading session featuring a long-legged doji candlestick. There are signs that a support level may be forming, potentially serving as a pivot for the continuation of the trend.
Current Price: $0.000010889
Market Capitalization: $670,428,275
Trading Volume: $245,864,374
Bitcoin (BTC)
Major Bias:Bullish
Bitcoin maintains its position on the top-five list, securing the fourth spot in the rankings. Since October, Bitcoin has exhibited an upward trend, breaking free from indecision around the $26,000 price level. The bull market propelled the price to reach $37,542, where a period of equilibrium between demand and supply ensued until December.
December witnessed increased bullish momentum for Bitcoin. Breaking through the resistance at the $37,000 price level, the market easily surpassed the $40,000 resistance, currently maintaining a sideways range around $43,523. This level may present another significant resistance point, given the sideways movement observed. The diminishing trade volume signals a potential consolidation around this level. Traders should remain vigilant regarding the outcome of this consolidation, as it may potentially lead to a bearish move.
Current Price: $43,853
Market Capitalization: $858,046,045,303
Trading Volume: $14,180,988,361
Solana (SOL)
Major Bias: Indecision
Solana’s bullish trajectory mirrors that of Bitcoin. The commencement of its bull market in October propelled the price to $60, initiating a phase of contention between bulls and bears. However, the bulls regained control in December, propelling the price above the $70 threshold. Despite indicators suggesting a slight overbought condition, the prevailing sentiment in the market remains bullish. Traders are potentially eyeing the $80 price threshold as their next target.
Current Price: $57.06
Market Capitalization: $24,153,397,174
Trading Volume: $764,357,415
