Top Trending Coins for Today, November 26: CTC, SELO, ROAR, PYTH, and SOL
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The current compilation of trending coins is marked by the emergence of several new markets that have secured prominent positions on the list. Notably, Solana stands out as the sole market from last week’s contenders that continues to maintain its presence on the list. Despite facing stiff competition, Solana is resiliently holding the fifth position, and it the most valuable market among its counterparts in this trending coin lineup.
Creditcoin (CTC)
Major Bias: Bullish
The bearish phase in the Creditcoin market concluded in October, finding a strong support level at $0.13, which acted as a pivotal barrier against further downward trends. Subsequently, bullish momentum gained traction, propelling the market towards the $0.200 price level. Over the past seven days, the market has showcased an impressive 26% gain.
However, what may potentially elevate this market to a prominent position is its notable volatility, evident in the rapid oscillation between the $0.200 and $0.100 price levels. Given the erratic nature of this market, there is a likelihood that, in the upcoming week, prices could stabilize into consolidation around the $0.15 level.
It is crucial to highlight that, despite its volatility, the market exhibits low trading activity, as reflected by the histograms depicting minimal volume. This suggests a cautious approach for traders, considering the unpredictability of price movements and the subdued trade volumes in the current market scenario.
Current Price: $0.102
Market Capitalization: $68,871,093
Trading Volume: $34,522,211
Selo+ (SELO)
Major Bias: Bullish
The Selo market currently boasts a market capitalization of $23,597,933. Since November 6, there has been a noteworthy surge in trading volume, evident from the discernible increase in the volume histograms. Despite this, the actual price action, as depicted by the candlesticks, has remained relatively flat. This suggests an ongoing standoff between demand and supply, with neither side exerting decisive influence on the market’s direction.
However, a notable shift occurred last Wednesday, marking a significant breakout in the bull market that propelled prices towards the $0.600 level. This bullish surge heightened market volatility, as indicated by the expanding divergence of the Bollinger Bands. It’s important to note that this increased volatility may introduce substantial resistance for the bull market around the $0.600 price level.
Current Price: $0.57
Market Capitalization: $23,597,933
Trading Volume: $1,322,854
AlphaDEX (ROAR)
Major Bias: Bullish
The market commenced the week on a modest note but experienced substantial gains as the week progressed. Over the last seven days, AlphaDEX demonstrated an exceptional surge of 404%, coupled with an impressive 57% gain within the past 24 hours. However, it’s observed that the market has encountered resistance at the $1.10 price level.
Presently, the market is in a retracement phase, seeking a robust higher support level to sustain its upward trajectory. While $0.5 currently acts as a support level, there’s a necessity for an elevated support level to thwart potential bearish pressure stemming from the $1.10 price level.
Current Price: $0.936
Market Capitalization: $51,027,716
Trading Volume: $31,432,154
Pyth Network (PYTH)
Major Bias:Bearish
The Pyth Network market appears to be a newcomer, making its debut on Thursday, November 23. Upon analysis of the 1-hour chart, the market’s performance is notably commendable, securing the fourth position among trending coins. It suggests that the market has completed a full cycle, starting at the $0.4338 price level and now retracing back to this point.
Entering the new week, there is a potential for a significant upward trend, supported by historical data indicating that bearish pressure is unlikely to breach this established support level. The prevailing indication is for the market to move in an upward direction. Furthermore, the Relative Strength Index (RSI) signals an oversold market with a measure of 32, suggesting an increased likelihood for traders to make bullish decisions in response to this market condition.
Current Price: $0,447
Market Capitalization: $671,262,461
Trading Volume: $71,402,631
Solana (SOL)
Major Bias: Indecision
In recent weeks, the Solana market has demonstrated notable bullish momentum, nearly approaching the $70 price threshold in the last week’s trading session. The onset of a bear market was initiated at this high, yet the prevailing bullish sentiment is currently causing the market to move sideways.
Solana secures the 5th position among the top trending coins for this week, largely attributed to its ability to maintain a stable range, preventing a significant decline in the price level. Despite this, Solana incurred a 4.17% loss over the course of the week. It’s worth noting, however, that the market has still retained an impressive 77.57% gain over the past 30 days.
Current Price: $57.06
Market Capitalization: $24,153,397,174
Trading Volume: $764,357,415
