Altcoins Trending Today — November 22: MYTH, MAD, MODE
Several altcoins are gaining popularity today for various reasons. CoinGecko data shows that all of these cryptocurrencies have one thing in common: their prices have increased over the past 24 hours.
This notable rise may be tied to a broader market recovery. That said, three of the hottest altcoins today are Mythos (MYTH), MAD (MAD), and Mode (MODE).
myth (myth)
Mythology tops popular list Altcoins Today, especially since the price has increased by 45% in the past 7 days. As a project built on the Ethereum blockchain, the price of MYTH has also increased due to the appreciation of ETH.
As of the time of writing, MYTH is trading at $0.27 but is encountering resistance near the same area. However, the Momentum Oscillator (AO), which measures momentum, shows that sentiment surrounding the altcoin remains bullish.
In this case, the price of MYTH may rebound to $0.32. However, this may not happen if the momentum turns bearish and the AO reading drops into negative territory. If this is the case, the altcoin’s value could drop to $0.21.
food (food)
Another cryptocurrency among the popular altcoins today is MAD, Meme coin based on Solana Blockchain. MAD is trending because its value has surged 85% in the past 24 hours and more than 600% in the past seven days.
The price increase may be related to a surge in buying pressure. From a technical perspective, despite the price gains, Bull Bear Power (BBP), which measures the strength of buyers relative to sellers, shows bulls remain in control.
If this situation continues, the price of MAD may rise to $0.00010. However, this may not happen if cryptocurrency holders decide to sell in large quantities. Conversely, the altcoin’s value may drop to $0.000045.
mode (pattern)
Just like yesterday, Mode is also one of the popular altcoins today. Unlike the price action on November 21, the price of MODE increased by 26.50% in the past 24 hours.
From August into the first few days of this month, MODE’s price traded within a descending triangle. This bearish pattern ensured that altcoin values failed to rise significantly.
However, as of press time, it broke outAs BeInCrypto predicted before. At the current price trend, MODE is likely to rise by $0.022 in the short term. But that may not happen amid rising selling pressure. Instead, it may drop to $0.012.
Disclaimer
conform to trust project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.