Top Trending Coins for Today, December 30: SOL, GORILLA, BONK, OGN, and ANALOS
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As the year draws to a close, Solana emerges as one of the most dynamic markets. For several weeks, Solana has consistently ranked among the top five trending markets, demonstrating commendable performance. Similarly, the Bonk market has showcased a notable trending trajectory, securing a prominent position in last week’s list. Let’s examine the top five markets that dominated the final week of 2023.
Solana (SOL)
Major Bias: Bullish
Solana (SOL) has demonstrated impressive performance throughout the last quarter of this year, maintaining a notable bullish trend. This momentum intensified after the price surpassed the $80 resistance level. However, as the market approached the $100 price mark, it encountered significant resistance. While the bearish sentiment around the $100 level might not be immediately evident on daily charts, a closer look at the candlestick for December 23 reveals pronounced fluctuations, indicated by both upper and lower shadows. These fluctuations suggest substantial shifts between demand and supply, though the bulls ultimately dominated the session. As the market reached the $120 threshold, bearish momentum strengthened, prompting a retracement. Yet, Solana’s market resilience is evident, especially given the traders’ active involvement around the $100 mark, redirecting the market towards an upward trajectory.
Current Price: $106
Market Capitalization: $46,771,298,931
Trading Volume: $4,379,331,671
Gorilla (Gorilla)
Major Bias: Indecision
The Gorilla market currently holds the second position. Despite appearing to be a newer entrant, it achieved a high of $0.0165 in early December. Subsequently, a bearish trend pushed the price down to the $0.0040 level. However, renewed trader interest emerged at this point, propelling the market upward. The market’s price movements have been characterized by volatility, likely due to its relatively low trading volume of $3,491,748. Such low trading volume diminishes the impact of both demand and supply on the charts. Nevertheless, the presence of higher lows indicates a strengthening bullish sentiment, though significant resistance is evident around the $0.008 mark. This resistance suggests a potential scenario where the market consolidates near the $0.008 price level.
Current Price: $0.00747
Market Capitalization: $5,590,872.
Trading Volume: $3,491,748
Bonk (BONK)
Major Bias: Bullish
Based on current indicators, the Bonk market appears to be favoring bearish sentiments. Despite being a relative newcomer, its third-place position in this week’s trending markets could be attributed to heightened hype. Over recent 4-hour sessions, the market has experienced significant trading volume, yet the price action lacks a distinct directional trend. This surge in activity might influence its position in this week’s rankings. While the Bollinger Bands suggest a downward price channel, the bulls appear to be establishing a pivotal support level around $0.000015, maintaining market equilibrium.
Current Price: $0.00001576
Market Capitalization: $958,983,020
Trading Volume: $476,388,295
Origin Protocol (OGN)
Major Bias: Bullish
The Origin Protocol market is predominantly on an upward trajectory, as evidenced by the Bollinger Bands indicator. While the trend exhibits a subtle bullish movement rather than sharp price spikes, this nuanced progression often suggests sustained momentum without the abrupt corrections associated with rapid surges. However, as the market approaches the $0.160 price level, significant resistance becomes evident, accompanied by heightened volatility. This heightened activity may be attributed to traders’ increased interest as the market nears the pivotal $0.160 mark. Should the market surpass this critical level, it could potentially gather further bullish momentum, potentially targeting the $0.180 price level and mitigating bearish sentiments.
Current Price: $0.144
Market Capitalization: $85,241,560
Trading Volume: $11,380,430
analoS (ANALOS)
Major Bias: Bullish
The analoS market, having debuted on December 24, has swiftly garnered attention within the crypto space, securing a position on this week’s trending coin list. Starting at $0.0004 on Sunday, it peaked at $0.0023 the following day. Subsequently, the market has experienced a bearish trend, registering a 23.27% decline over the past week. However, in today’s trading session, bullish sentiment has prevailed. Having found robust support around the $0.000285 level, the market has surged by approximately 54.8%. Yet bearish traders are showing early signs of resistance near the $0.0005 mark. This resistance level at $0.0005 could potentially hinder the continuation of the bullish market momentum.
Current Price: $0.000597
Market Capitalization: $47,178,110
Trading Volume: $71,369,141
