Ethereum

Pendle

Toncoin

Dogecoin

Note

The crypto market is in a volatile state with Bitcoin’s halving on the immediate horizon. With most investors sitting on the edge not knowing if to sell and cash out before the event or seek more exposure, it might be prudent to follow the behavior of whales who have been focused on trending crypto like Dogecoin (DOGE), Toncoin (TON), Ethereum (ETH) and Pendle (PENDLE).
<h2 class="p1" id="1-dogecoin-doge">1. Dogecoin (DOGE)</h2>
DOGE has been trading in a tight range near the $0.20 mark, a significant psychological barrier it crossed three weeks prior. On the last day, the price dipped below $0.2, suggesting a possible downward movement. Still, the outlook remains positive for many in the market, reflecting a broader optimistic view on cryptocurrencies.
Dogecoin’s recent price action shows oscillations between $0.21 and $0.16, indicating a 2% increase. Over the last month, its value has risen by 7%, a notable achievement despite the mixed market signals of bullishness and bearishness, making a strong momentum elusive.
<figure id="attachment_190676" aria-describedby="caption-attachment-190676" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-190676" src="https://coingape.com/wp-content/uploads/2024/04/DOGE_7D_graph_coinmarketcap.jpeg" alt="trending crypto to buy" width="1378" height="760" srcset="https://coingape.com/wp-content/uploads/2024/04/DOGE_7D_graph_coinmarketcap.jpeg 1378w, https://coingape.com/wp-content/uploads/2024/04/DOGE_7D_graph_coinmarketcap-300x165.jpeg 300w, https://coingape.com/wp-content/uploads/2024/04/DOGE_7D_graph_coinmarketcap-1224x675.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/04/DOGE_7D_graph_coinmarketcap-768x424.jpeg 768w, https://coingape.com/wp-content/uploads/2024/04/DOGE_7D_graph_coinmarketcap-150x83.jpeg 150w" sizes="(max-width: 1378px) 100vw, 1378px">
 <figcaption id="caption-attachment-190676" class="wp-caption-text">
 Dogecoin price chart
 </figcaption>
</figure>
Data from <a rel="noopener noreferrer nofollow" href="https://www.coinglass.com/currencies/DOGE">Coinglass</a> reveals a 5.04% decrease in DOGE’s derivatives volume, which has fallen to $3.97 billion. Additionally, there’s been a 1.44% drop in open interest, now at $1.66 billion. This points to a declining market interest for <a href="https://coingape.com/why-dogecoin-price-fell-despite-crypto-market-recovery/" rel="noopener noreferrer nofollow">DOGE</a>, with the OI-weighted funding rate decreasing to 0.0347%, highlighting a growing bearish market sentiment.
If bearish pressure intensifies, <a href="https://coingape.com/price-predictions/dogecoin-doge-price-prediction/" rel="noopener noreferrer nofollow">Dogecoin</a> might fall below $0.18, possibly reaching a $0.15 support level, signaling a market trend shift to bearish. Conversely, a bullish resurgence could propel the price back to $0.2 and potentially towards the $1 landmark. Achieving such a milestone depends on Dogecoin overcoming significant resistance levels and maintaining momentum.
<h2 id="2-toncoin-ton">2. Toncoin (TON)</h2>
On Tuesday,&nbsp;<a href="https://coingape.com/toncoin-ton-price-hits-new-all-time-high-whats-behind-the-rally/" target="_blank" rel="noopener noreferrer nofollow">Toncoin</a>&nbsp;surged to an all-time high of $7.08, making it one of the top-performing cryptocurrencies in the market. However, following this peak, there was a slight correction as the price retraced back to $6.71. Despite this temporary dip, Toncoin’s overall momentum remains bullish.
With a soaring market capitalization of $23.38 billion, TonCoin now ranks among the top 10 cryptocurrencies. A staggering 263% surge in trading volume within a single day, amounting to $880 million, reflects the heightened interest and optimism surrounding Toncoin’s potential.
<figure id="attachment_190636" aria-describedby="caption-attachment-190636" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-190636" src="https://coingape.com/wp-content/uploads/2024/04/TONUSDC_2024-04-09_16-54-50.png" alt="Toncoin Price trending crypto" width="1154" height="588" srcset="https://coingape.com/wp-content/uploads/2024/04/TONUSDC_2024-04-09_16-54-50.png 1154w, https://coingape.com/wp-content/uploads/2024/04/TONUSDC_2024-04-09_16-54-50-300x153.png 300w, https://coingape.com/wp-content/uploads/2024/04/TONUSDC_2024-04-09_16-54-50-768x391.png 768w, https://coingape.com/wp-content/uploads/2024/04/TONUSDC_2024-04-09_16-54-50-150x76.png 150w" sizes="(max-width: 1154px) 100vw, 1154px">
 <figcaption id="caption-attachment-190636" class="wp-caption-text">
 Toncoin Price chart
 </figcaption>
</figure>
Toncoin exhibits a promising uptrend, signaling potential entry into a bullish phase. If this trend persists, breaking the $7 resistance level appears imminent. A sustained rise could very well propel its value close to, if not beyond, the $10 mark, with aspirations of reaching $20 in the foreseeable future.
<h2 id="3-ethereum-eth">3. Ethereum (ETH)</h2>
Ethereum hovers above $3,600 support after the bullish move it exhibited on Monday waned at $3,729 – the most recent high.
The bearish outlook from the Relative Strength Index (RSI) shows that ETH could claw back the accrued gains and possibly retest support at $3,500. Note that the 20-day Exponential Moving Average (EMA) reinforces this support area in the four-hour range.
<figure id="attachment_190633" aria-describedby="caption-attachment-190633" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-190633" src="https://coingape.com/wp-content/uploads/2024/04/ETHUSD_2024-04-09_17-29-14.png" alt="Ethereum price chart | Tradingview" width="2694" height="1444" srcset="https://coingape.com/wp-content/uploads/2024/04/ETHUSD_2024-04-09_17-29-14.png 2694w, https://coingape.com/wp-content/uploads/2024/04/ETHUSD_2024-04-09_17-29-14-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/04/ETHUSD_2024-04-09_17-29-14-1224x656.png 1224w, https://coingape.com/wp-content/uploads/2024/04/ETHUSD_2024-04-09_17-29-14-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/04/ETHUSD_2024-04-09_17-29-14-1536x823.png 1536w, https://coingape.com/wp-content/uploads/2024/04/ETHUSD_2024-04-09_17-29-14-2048x1098.png 2048w, https://coingape.com/wp-content/uploads/2024/04/ETHUSD_2024-04-09_17-29-14-150x80.png 150w" sizes="(max-width: 2694px) 100vw, 2694px">
 <figcaption id="caption-attachment-190633" class="wp-caption-text">
 Ethereum price chart | Tradingview
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</figure>
The lower the RSI drops into the neutral region, the stronger the sellers get, increasing the chances of further decline. More conservative investors may wait until Ethereum price rebounds either from $3,600 or the grey band hosting both the 50-day EMA and the 200-day EMA before going all-in in ETH for a breakout to $4,000.
The only significant barrier runs from $3,666 to $4,811 which means if broken, Ethereum price would be on course to achieve new all-time highs.
<h2 id="4-pendle-pendle">4. Pendle (PENDLE)</h2>
Pendle emerges as a trailblazer in the cryptocurrency sector with its groundbreaking restaking protocol. It stands out for its novel feature of tokenizing and detaching yield from the base assets’ ownership.
This cutting-edge functionality empowers users to refine their yield management techniques and facilitates the trading of future yields in a secondary marketplace.
Unlike its counterparts, Pendle elevates DeFi yield management by significantly boosting liquidity and adaptability, transforming the way investors manage their portfolios.
<figure id="attachment_190659" aria-describedby="caption-attachment-190659" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-190659" src="https://coingape.com/wp-content/uploads/2024/04/PENDLE_7D_graph_coinmarketcap.jpeg" alt="Pendle price chart" width="1378" height="760" srcset="https://coingape.com/wp-content/uploads/2024/04/PENDLE_7D_graph_coinmarketcap.jpeg 1378w, https://coingape.com/wp-content/uploads/2024/04/PENDLE_7D_graph_coinmarketcap-300x165.jpeg 300w, https://coingape.com/wp-content/uploads/2024/04/PENDLE_7D_graph_coinmarketcap-1224x675.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/04/PENDLE_7D_graph_coinmarketcap-768x424.jpeg 768w, https://coingape.com/wp-content/uploads/2024/04/PENDLE_7D_graph_coinmarketcap-150x83.jpeg 150w" sizes="(max-width: 1378px) 100vw, 1378px">
 <figcaption id="caption-attachment-190659" class="wp-caption-text">
 Pendle price chart
 </figcaption>
</figure>
One PENDLE token is worth $6.31 – the prevailing exchange rate. Its value has gone down by almost 3% in the last 24 hours,&nbsp;<a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/pendle/#About" target="_blank">CoinMarketCap</a>&nbsp;data shows.
The post <a href="https://coingape.com/markets/4-trending-crypto-whales-are-selling-this-week/" rel="noopener noreferrer nofollow">4 Trending Crypto Whales Are Selling This Week</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

4 Trending Crypto Whales Are Selling This Week

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