The Altcoins Trending Today
The cryptocurrency market has been in a downturn this week, with many digital assets facing continued price declines. Today is no different, with global cryptocurrency market cap falling by 2% over the past 24 hours.
In this wider downturn, some altcoins have attracted attention rather than because of their recent ecosystem development.
Berachaain (Bera)
Berachain Official emission Its “proof of liquidity” blockchain on Thursday. The project also carried out Bera token air conditioning, which distributed about $1.17 billion worth of coins to its community members.
However, the air conditioner was followed by a surge in selloffs, which led to a decline in the value of the coin. Bella traded for $7.39 at press time and noted that the price fell 17% over the past 24 hours.
It is worth noting that coin trading volumes soared by more than 150,000% during this period, reflecting the high sales pressures for Bera holders. Asset prices fall and trading volume increases indicate sales pressure. This shows that more and more traders are unloading assets, thus lowering pressure toward their prices.
If the sell-off continues, Bella’s price could drop to $5.36. Without sufficient bullish support, the price of the coin could drop further to $3.89.
On the other hand, if Bella’s accumulation rises again, its price could climb to $8.47.
ondo (ondo)
Ondo, an asset based on RWA, is another Altcoin trend today. The main factor driving this is Ondo Finance announced its plan Start the layered chain of its design Tokenized real assets.
After the announcement of this, the world’s free finance – a decentralized finance (defi) The platform backed by President Donald Trump has purchased 42,000 ondo tokens for $42,000 and on the cattle agreement for $470,000.
But despite these developments, Ondo’s performance remains unpredictable. It has accounted for 0.1% of its value in the past 24 hours. At press time, Altcoin traded at $1.40.
If Ondo’s demand weakens further, it could extend its decline in the near term, causing its price to drop to $1.23.
However, the shift to accumulation of market trends could put Ondo at a value of up to $1.57.
notcoin (no)
At press time, No trading $0.0026. It has lost 40% of its value in the past week. In fact, on Monday, Altcoin fell to a nine-month low of $0.0021 before rebounding slightly.
Its radius index of older adults confirms the need for bad things not among market participants. At press time, this was -0.0019. This indicator measures the buying and selling pressure of an asset by comparing its price to an exponential moving average (EMA).
When the index is negative, this indicates that the bear is in control, which means sales pressure is dominant and prices may continue to fall. If it doesn’t drop, its price could revisit Monday’s multiple month lows.
Conversely, if the purchase activity resumes, it may not push its value to $0.0039.
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.
