The Altcoins Trending Today
The cryptocurrency market has added $77 billion in value over the past day. This suggests that this may shift to bullish momentum as investors increase their trading activity.
In this active market movement, some altcoins have attracted attention due to their price action.
Berachaain (Bera)
1 layer coin Bella Today is a popular altcoin. Currently, it is trading at $5.90, noting an 8% increase over the past 24 hours.
However, the Chaikin currency flow (CMF) on its four-hour chart marks a bearish divergence, indicating a potential price correction in the near term. At press time, BERA’s CMF was below zero of -0.04.
This indicator measures the buying and selling pressure of an asset by analyzing quantity and price changes over a specific period. When the price of an asset rises and its CMF trend falls or becomes negative, bearish divergences will form. This difference indicates a weaker buying pressure and potential future price corrections.
If corrected, Bella’s price may be below $5.44 support, trading at $3.93. On the other hand, if it maintains its current uptrend, its price could rise to $8.11.
But you (but)
Described as “son Hebrew and BNB’s Protector,” Koma, a dog-themed meme coin, is one of the most searched assets today. It traded at $0.06 at press time, and its price surged 13% in the past 24 hours.
The double-digit rally marks the continuation of Koma’s extended price rally, which fell to $0.022 at its all-time low on February 3. Since then, the value of Meme Coin has soared by 186%.
If this uptrend continues, Koma will trade at $0.086.
However, if profits start, its price may drop to $0.051.
Sonic (Previous. FTM)(S)
Sonic’s S. Today is another altcoin trend. It exchanged hands for $0.55, and the price rose 17% over the past day.
According to the Moving Average Convergence Difference (MACD) metric, it is expected to expand its growth in the near term. At press time, Altcoin’s MACD line (blue) is located on its signal (yellow) line, indicating pressure on the market.
The MACD indicator of an asset determines the trend and motivation of its price movement. It can help traders discover potential buying and selling signals through the intersection between the MACD and the signal line. When established in this way, buying activities dominate the market, suggesting further price growth.
In this case, the Sonic’s value could violate $0.59 for a price of $0.76.
Instead, negative changes in market trends may cause the price of S to fall to $0.33.
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.
