Top Trending Coins for Today, June 4: PEPE, LINA, TRUMPINU, IS, and XRP
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Once again, in this week’s review of the trending coins, we have some newcomers to the market. Some of them are newly released tokens. For some of these new tokens, being newly launched has given them a place among the top trending coins because the bullish sentiments are on the high side due to the hype. Pepe Coin, however, has kept its top position on the list as it was able to make a decent recovery after the price consolidation.
Pepe (PEPE)
Major Bias: Bullish
PEPEUSD was able to keep its position at the top of the list of trending coins this week. With a $90,106,436 trading volume and a market capitalization of $523,443,389, the PEPE has increased in value by 5.44% during the past 24 hours. However, over the last 7 days, the value of this coin has decreased by 11.16%. But we have noticed a bit of bullish price recovery, the market is bouncing off the $0.00000119 support level. On a smaller timeframe, the market may be regarded as bullish, but on a daily chart outlook, the market could still be regarded as ranging or bearish because it is below the 20-day moving average. The stochastic RSI indicator portrays the market in the oversold region. However, the market now has a bullish crossover in the oversold territory.
Current Price: $0.000001484
Market Capitalization: $523,443,389
Trading Volume: $90,106,436
Linear Finance (LINA)
Major Bias: Bullish
The Linear Finance market is regarded as still being bullishly biased as long as it remains above the 20-day moving average. Also, according to the stochastic RSI, the market still has very strong bullish momentum. From another point of view, however, we can also consider the market bearish. This is because, according to the Fibonacci retracement indicator, the market has hit the 23% Fib retracement level, so the market will likely continue with the bearish trend.
Current Price: $0.01903
Market Capitalization: $105,784,646
Trading Volume: $231,361,991
Trump inu (TRUMPINU)
Major Bias: Bullish
The Trump Inu market is a newcomer, and based on the information provided by the Coinmarketcap platform, we can assess its performance for this week. According to the Coinmarketcap ranking, the Trump Inu took the third position. Its market capitalization is $5,493, and its trading volume is $5,938,356. Although its market capitalization and trading volume are rather low, based on its performances this week, it took the third position on the Coinmarketcap ranking. Investors can consider this new market.
Current Price: $0.000000002489
Market Capitalization: $5,493
Trading Volume: $5,938,356
Injustice Samurai (IS)
Major Bias: Indecision
Another newcomer to the crypto market is the Injustice Samurai. According to the Coinmarketcap platform, this market has witnessed a more than 1000% increase in the past 24 hours. Although its market capitalization and trading volume are low, it has performed well to earn its fourth position on the Coinmarketcap ranking. Investors can also consider this market.
Current Price: $0.000000001689
Market Capitalization: $1,165,232
Trading Volume: $9,707,763
Ripple (XRP)
Major Bias: Bullish
In the past 24 hours, we have noticed some significant bullish activity in the XRP market. However, the current level of the market may be the take-profit level, as the candlestick representing today’s trading session suggests a possible imminent trend reversal. Also, according to the Fibonacci retracement level, the market has hit the 23% Fib retracement level. Most likely, the market should turn to the downside from here.
Current Price: $0.523
Market Capitalization: $27,227,348,285
Trading Volume: $899,793,579
