Altcoins Trending Today — OM, PAIN and SHADOW
After a few days of sharp declines, the cryptocurrency market showed signs of recovery, with total market capitalization growing by $58 billion in the past 24 hours.
In this rebound, many altcoins have attracted great attention due to ecosystem renewal and famous price changes. This is a careful study of today’s trend tokens.
Spell (if)
om, local coins In the real world asset (RWA) layer, the Layer 1 (L1) blockchain spell is one of the Altcoins trending today. It has attracted investors’ attention thanks to Mantra’s new Rwaccelerator, a startup accelerator program powered by Google Cloud, which can be powered by Tokenization Actual Assets (RWAS).
The plan is Consensus Hong Kongwill provide funding, mentoring, AI-driven resources and technical support to real estate and financial startups.
However, its price performance is still shocked by this development. At press time, the coin was trading at $7.37 and noted a 3.2% drop in the past day. During this period, its trading volume totaled $219 million, down 43%.
The decline in asset prices and trading volume signals weaken market interest and reduce liquidity. So if this trend persists, the OM risk drops to $5.41.
On the other hand, a surge in demand for Altcoin could trigger the historic height of $8.12 for the rally.
Pain (pain)
Newly launched Solana-Meme Coin Pain is another trend substitute today. Pain reached a market cap of $168 million within 17 hours of launch, with trading volume of $93 million, reaching $168 million.
As of this writing, the meme coins traded at $16.99, down 10% in the past 24 hours. Its relative strength index decreases (RSI) confirmed the decrease in demand for pain on the hourly chart. It is on a downward trend of 56.87
An RSI reading of 56 indicates moderate bullish momentum, but its decline indicates a weaker buying pressure. If the downward trend continues, it may indicate a shift toward neutral or bearish territory.
If this decline continues to drop, the painful price could drop to $5.74.
On the other hand, if demand climbs, its price could hit $57.13
Shadow (shadow)
The shadow is another Trend Altcoins Today, because its value has soared by more than 50% in the past 24 hours. It is currently trading at $168.27, and demand from market participants continues.
This reflects its positive power balance (BOP), which was 0.77 at press time. This indicator measures the strength of buyers and sellers in the market. A positive BOP shows that buyers have greater control and the signal is bullish momentum.
If the buying pressure remains high, Shadow may recoup its all-time high of $199.68.
Instead, the peak of the sell-off could cause the price to fall to $154.13.
Disclaimer
and 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 accurate and impartial 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.
