Trending Coins for Today, July 30: TOMI, GSWIFT, WLD, KRW, and SHIB
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Today’s list of trending coins exhibits a high ratio of gaining to losing tokens. This is evident from this week’s findings, where three out of the five coins we are analyzing have experienced significant gains.
tomiNet (TOMI)
Major Bias: Bearish
Following the initiation of the bear market on June 22 at the $5.00 price level, tomiNet has demonstrated consistent and gradual progress towards the demand zone. Currently priced at $3.05, it appears that the market is establishing a favorable support base for a potential bounce.
Both the Relative Strength Index (RSI) and the Moving Average Convergence and Divergence (MACD) indicator indicate that the market is on the verge of entering oversold territory. This suggests an imminent upturn in the market’s direction.
Current Price: $3.210
Market Capitalization: $209,099,013
Trading Volume: $20,788,034
GameSwift (GSWIFT)
Major Bias: Bullish
Among the markets featured on this week’s list, GameSwift has achieved remarkable gains in the last 24 hours. The market surged by an impressive 88.29% just a couple of hours ago, propelling it to the second position on the trending market list on CoinMarketCap. Presently, GSWIFT is approaching the $0.1500 resistance level, which it seems to be managing effectively, as evident by the establishment of a near support level around $0.12722. This newfound support level is likely to exert pressure on the critical resistance, potentially sustaining the ongoing uptrend.
Current Price: $0.1483
Market Capitalization: $7,904,096
Trading Volume: $6,773,137
Worldcoin (WLD)
Major Bias: Bullish
Worldcoin, a recently launched coin, has emerged among the top performers on this week’s trending coin list on CoinMarketCap. With a market capitalization of $270 million and a trading volume of $164 million, this coin has garnered significant attention. Over the past 7 days, it has witnessed an impressive price increase of 39.04%, and today alone, it recorded a gain of 5.65%. Undeniably, Worldcoin is currently in the spotlight.
However, for a comprehensive analysis, we need to examine the 1-hour market chart of this cryptocurrency. On the chart, the price action indicates that the token’s value has surpassed the middle limit of the Bollinger Band. Yet, the past two hours have held ground at its new higher demand level. Going by the overall direction of the market, it is likely the market continues in an upward direction, even though, due to the resistance, the Relative Strength Index (RSI) shows the market correcting itself back into the buy zone.
Current Price: $2.39
Market Capitalization: $270,445,094
Trading Volume: $163,511,822
KingDeFi (KRW)
Major Bias: Bullish
The KRW/USDT pair is a new market that has been displaying impressive bullish momentum over the past few weeks. However, since July 23, the market has encountered resistance at $0.000789, prompting the formation of a robust bullish support level at $0.000784, which is in close proximity to the key resistance.
During this week, the market exhibited an impressive performance, pushing the bullish price action against the crucial resistance level. As per KingDeFi’s self-reported Market Capitalization, it stands at $9.45 million, with a trading volume of $9.79 million in the past 24 hours, representing a 22.03% increase.
Looking ahead, there is a likelihood that the market might overcome the resistance and transform it into a support level, given the overall positive performance of the market in recent times.
Current Price: $0.000788
Market Capitalization: $9,448,159
Trading Volume: $9,782,743
Shiba Inu (SHIB)
Major Bias: Bullish
It appears that Shiba Inu has reached a potential bottom, as its price has exhibited consistent growth over the last seven days. As of the current moment, the token boasts a market capitalization of $5 billion and a 24-hour trading volume of $228 million. Notably, it has recorded a price surge of 9.06% over the past week, which also includes the 4.46% gain within the past 24-hours.
On the daily chart, this cryptocurrency’s price action successfully breached the resistance at the 50 Fibonacci retracement level in the previous daily trading sessions.
At present, the MACD lines have surpassed the equilibrium level, and the corresponding bar displays a green color. Traders can foresee a potential upside correction targeting the 0 Fibonacci Retracement level at the price point of $0.00000866.
Current Price: $0.000008543
Market Capitalization: $5,034,765,531
Trading Volume: $227,837,743
