The Altcoins Trending Today
The cryptocurrency market resumed its downward trend today, losing $125 billion in market cap over the past 24 hours.
However, some Altcoins have violated a broader downtrend, attracting traders’ attention with their price movements.
Official Trump (Trump)
Donald Trump chain of Solana meme coins trump card It is one of the most searched Altcoins today. This is due to a double-digit surge in Melania’s value surge in the past 24 hours, which makes it ranked the highest earnings in the market.
Trump traded at $18.33 at press time, with prices up 6% in the past 24 hours. However, despite such a rally, its 12-hour chart readings suggest that bearish control over meme coins remains large.
For example, as of this writing, its senile ray index is -7.09. This indicator measures the relationship between the buying and selling pressures of assets in the market. When the index is negative, this indicates that the seller is under control and the price of the asset may face downward pressure.
If this is excellent, Trump may make recent gains, falling to $16.
On the other hand, if the Bulls regain market control, they can push the value of the meme coins to $28.23.
Venice Token (VVV)
VVV is the Altcoin of today’s trend. Despite allegations of misconduct against the developer team, its price has risen 44% in the past 24 hours.
A series Post On X, analyst Ormu claims that the team illegally issued $5.7 million worth of VVV tokens List of plug-ins in totalimprove transparency issues.
According to Ormu’s analysis, the team allegedly sold $450,000 worth of tokens through new wallets associated with their multi-signature wallet.
However, these claims are still unproven as VVV notes today’s double-digit spikes. Altcoin could hit $6.75 if the rally continues.
Instead, price corrections may cause VVV to drop below $5 to be redeemed at $3.65.
Layer 1 (L1) coin sol Today is also a popular altcoin. As of this writing, it was trading at $205.13, with its price dropping less than 1%. The value of coins has dropped by 12% over the past week due to market declines and low activity on the Solana network.
On the SOL/USD one-day chart, the coin’s Directed Movement Index (DMI) reading reflects the bearish outlook. At press time, the positive direction index (+di, blue) is lower than the negative direction index (-di, orange), confirming the intensity of Sol Bears.
This indicator uses two key lines to measure trend strength and direction: the positive and negative direction index. When +di is below -di, bearish momentum is stronger than bullish momentum, indicating a prevailing downward trend.
If the downtrend continues, the SOL price may be below the key level of $200 to $187.71.
However, if market sentiment returns from negative and SOL accumulation, its price may climb to $229.03.
Disclaimer
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