Look Into Today’s Trending Tokens: SOL, PEPE & LINK

The crypto market is clearly showing signs of volatility. While some coins have managed to break all barriers and give sweet ROI, some have tanked. As a result, there have been widescale panic and confusion in the crypto community. Even after such a tumultuous time, some cryptos are trending. This reason can be variable and depends from one coin to another. Here are three coins that are trending today and why:  

SOL 

Data from Santiment shows that SOL was one of the most trending tokens today. This attention came right after Solana-based token Libra made some headlines and captured investor attention. However, this was mostly negative attention as most people inferred that LIBRA is a glorified pump-and-dump scheme. 

 As a result, investors faced major losses. Due to such negative attention, SOL prices suffered greatly. In just 24 hours, the pricing fell by 10.5% and currently being traded at $168. This decline also invalidated the upward wedge pattern and replaced it with a bearish momentum. Analysts believe that the current bearish momentum will persist for a short term.  

PEPE 

PEPE made headlines recently as the meme coin landscape is getting saturated, and the said coin is getting sidelined. This is increasing general competition for PEPE, which is affecting its overall pricing. Despite all of these things, PEPE is still maintaining its legacy as one of the top-performing meme coins in the market. 

PEPE is currently being traded at a value of $0.00000995. Interestingly enough, the coin is holding well over the downtrend line. As a result, it suggests stability. If this continues, PEPE could easily surpass the $0.00001146 resistance level and inch toward the previous high of $0.00001369.  

LINK 

Another trending token that is making all the rounds is the LINK token. LINK’s price is currently holding above the downtrend line and is currently being traded at $18.20. The downtrend line has been acting as a support since the beginning of the year. Seeing this, many analysts believe that the token is priming itself for a potential rebound if the pricing breaches the $19.23 mark. 

Flipping the $19.23 into a support level would immediately signal a bullish momentum. This momentum can catapult the coin towards the $22.03 marker, a crucial point. If the token manages to breach this level, it could recover its recent losses and boost investor confidence.