Top Trending Coins for Today, March 18: BTC, SHIB, TABOO, FET, and CFX
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Across the top trending market for this week, we noticed that most of the coins had a tough week while some had a great week, but towards the end of the week, the bull market seemed to be breaking away from the deadlock as well as attaining an impressive height.
Bitcoin (BTC)
The market has been bullish this week. Taking up from the $20,000 price level with significant moves, strong buying pressure pushed the price to the level of $24,322. The three-day continuous bullish session hits the $25,000 resistance level. The market continued to move around this level until Friday, when the bull market took the price above the $27,000 price level. It has been a good week for Bitcoin. The market has had about a 36% gain this week. The Bollinger Bands indicator, on the other hand, does not appear to support a bullish sentiment but rather points to increasing volatility as the lower standard deviation curve refuses to follow along with other Bollinger Bands indicator pointers. It may be that we see a downturn in the market, as even today’s market outlook on the chart is represented by a doji candlestick.
Current Price: $27,509
Market Capitalization: $531,515,187,450
Trading Volume: $42,969,724,549
Shiba Inu (SHIB)
The Shiba Inu bull market has to deal with the selling pressure as it brings the price back to equilibrium. The daily trading session on Wednesday was dominated by sellers. This increased the price to $0.00001039, a higher support level than the previous support level. The market is back around the resistance level. In today’s market, however, traders are undecided as to which side of the market to take as the forces of demand and supply match each other. In the past 24 hours, SHIB has gained by 3.77%, even though it continues to hold to a flat market due to indecision.
Current Price: $0.00001124
Market Capitalization: $6,626,787,986
Trading Volume: $315,683,733
Taboo (TABOO)
After the Taboo market hit the $0.001793 price level, the bears gained sufficient vigour to turn the market to the downside. However, the bulls are resilient, and with much effort, they were able to absolve the bearish pressure. This resulted in a price consolidation within the $0.001275 and $0.0015 price levels. The bulls were able to preserve the bullish move of February 11 at $0.001182. More bullish action is needed to break the market away from indecision.
Current Price: $0.001643
Market Capitalization: $16,074,797
Trading Volume: $1,377,321
Fetch.ai (FET)
At the $0.4867 resistance price level, sellers put an end to the deadlock, sending the market to the downside. However, the bearish trend did not last. It was not even sufficient to turn the trend of the market. The bulls were quick to salvage the price at the support level of $0.317, and from here, the price rallied. But the market hit a brick wall at a $0.453 price level, which is slightly lower than the previous resistance level. This means bears slightly have the upper hand in the market, even though in the past 24 hours the market recorded a 3.6% gain.
Current Price: $0.4481
Market Capitalization: $366,965,840
Trading Volume: $137,955,693
Conflux (CFX)
The Conflux market had a really exciting week. The bull market experienced massive buying, which made the price skyrocket. However, as the market reached the key resistance level around the $0.31 price level, they had a bit of a hindrance at that level, but it did not take too long to smash through the bearish resistance. Currently, the market is testing the $0.42 price level, but the sellers around this level are cutting short the bullish price, limiting the market to the threshold of $0.40. The Relative Strength Index (RSI) and the Moving Average Convergence and Divergence (MACD) are very bullish on today’s market, but the Bollinger Bands indicator points to increasing volatility as bears gather momentum around the key resistance level. In the past 24 hours, the market has gained about 24%.
Current Price: $0.4084
Market Capitalization: $1,084,381,693
Trading Volume: $1,144,971,835
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