Top Trending Coins for Today, June 18: PEPE, BNB, SQUIDGROW, SUI, and ADA
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There is no doubt that today’s top-trending crypto markets are having their own share of the hardship imposed on them by the ongoing dispute between the US Securities and Exchange Commission (SEC) and some top crypto exchange platforms. However, some of them, despite the crisis in the crypto market, have seen some significant gains in the past seven days. The Pepe coin market and the Binance coin market are examples of coins that have seen considerable gains in the past seven days.
Pepe (PEPE)
Major Bias: Bullish
The Pepe coin market continues to maintain its top position after almost losing it to Cardano in last week’s market. So far in the past seven days, Pepe Coin has made a 5.58% gain. Looking at the market from the perspective of a 4-hour timeframe, we noticed that the market might be on a quest to claim the $0.0000010497 price level, as bulls have continuously tested this key resistance since Friday, June 16. However, the bullish price has been rejected, and the market is currently retracing to around $0.0000009694, but the market is still above the 20-day moving average, so it continues to maintain a bullish sentiment.
Current Price: $0.0000009712
Market Capitalization: $379,400,733
Trading Volume: $100,451,382
BNB (BNB)
Major Bias: Bearish
There was massive selling in the BNB market that started on June 5 and did not stop until it had completed the bearish cycle, bringing the market even slightly below the $242.6 price level, which is the main support price level for the year. So, at the $219.8 price level, the market is at its year’s low. The market is now recovering from this level and is back above the $242.6 price level. In my opinion, I consider this market bearish as long as it is still below the 20-day moving average. Also, according to the Relative Strength Index (RSI), the bullish price recovery is still at the 34.83 level. But this market took the second position because of its 5.04% gain in the past 7 days and its 1.38% gain in the past 24 hours. For the BNB market, more demand is needed to confirm and establish the trend in a bullish direction.
Current Price: $24706
Market Capitalization: $38,504,721,571
Trading Volume: $382,520,842
SquidGrow (SQUIDGROW)
Major Bias: Bearish
The current bear trend in the SQUIDGROW market was triggered by the hyper-bullish move that peaked at the $0.000000032489 price level on May 21. Perhaps what made it gain a third position on the top trending coins for today is how it was able to secure a slightly higher support level than the previous support level as the market retraces a lower level. The retracement from the $0.000000032489 price level has become a bearish trend as the market has been losing for the past seven days. The market had a 16.84% loss in the past seven days. But currently, the market seems to be making a U-turn from the new support level.
Current Price: $0.00000001232
Market Capitalization: $11,069,929
Trading Volume: $7,403,362
Sui (SUI)
Major Bias: Bullish
The Sui market has seen a staggering 25.64% gain in the past seven days. In the past 24 hours, the market has seen a 0.33% gain. On Friday, the market started pumping significantly, and in response to this, the Bollinger Bands indicator illustrated the changing price channel as now facing the bullish direction. Also, the indicator points to a high level of volatility in the market, as in the past 2 to 3 days, the interest of investors in the market has seen a significant increase. However, the market may be facing bearish resistance around the $0.775 price level, but it remains above the 20-day moving average.
Current Price: $0.76039
Market Capitalization: $455,605,300
Trading Volume: $260,199,826
Cardano (ADA)
Major Bias: Bearish
Cardano was forced to complete a full market cycle by a very aggressive bearish move that started on June 5. After falling slightly below the year’s key support level, the price began to rebound. However, the market has not been able to make much of a significant bullish recovery, but the little it has made earned it the fifth position on today’s top five trending coins. At the current level, the market has a greater likelihood of rising than falling beyond this level. The Relative Strength Index (RSI) supports this fact. The market recovers from below the threshold of the oversold region.
Current Price: $0.523
Market Capitalization: $27,227,348,285
Trading Volume: $899,793,579
