The Altcoins Trending Today—SUI, XRP, and LINK
February is taking bearish notes. This week, on the rise volatilitythe global crypto municipal government fell to its lowest level of the year.
As traders prepare for everything that March brings, some altcoins are starting to stand out and attract investors’ interest.
On (SUL)
Layer 1 (L1) Coins Sui It is one of the most searched assets today. Its value has been affected by a wider decline in the past 24 hours, with its value falling by 10%. Now, it trades at $2.63, with its lowest point in November 2024.
SUI decline The volume during the review confirmed the high sales pressure in its spot market. That totaled $1.12 billion, down 15% over the past day.
When the price and trading volume of assets fall at the same time, it confirms that market interest is weakened and reduces buying pressure. This trend indicates insufficient demand for SUI, so it is more likely to decline further as liquidity changes.
If the price drops, the SUI trades at $2.10. If this level cannot be maintained, the price of the coin may be less than $2 For sale for $1.57.
On the other hand, if the purchase activity can drive Sui’s Value above $3.
XRP (XRP)
XRP is today’s trend alternative token, as investors speculate Corrugated litigation After a closed-door meeting was held at the U.S. Securities and Exchange Commission (SEC) on February 27.
As regulators recently dismissed cases against major crypto companies Common casesuniswap and Robinhood, expect whether Ripple can be the next one Regulatory relief line.
At press time, XRP was trading at $2.05. The price of XRP has reflected a decline in the general market over the past 24 hours, with the price of XRP falling by 9%. On the daily chart, it trades for $2.13.
If speculation about the SEC’s potential to dismiss its case against Ripple-driven increases demand for XRP, its price could be Rised to $2.81.
However, if bearish momentum continues, XRP can expand It fell to $1.47.
Chain links (links)
ChainLink’s link is one of the trendy altcoins today. It has dropped 11% in the past 24 hours and as of this writing, it has been trading at $13.89.
On the daily chart, Aroon’s downline confirms the strength of Link’s price decline. At press time, it is 100%.
The Aroon indicator measures the intensity and direction of the trend by tracking the time since the highest or lowest high and low occurred. When Aroon’s downline is 100% like this, it indicates that the asset has recently fallen to new lows and there is a strong downward trend, indicating continued Bearish momentum.
Link does, which trades at a four-month low and drops further as buying pressure worsens. If the price drops, the link may drop to $10.
Frankly, Link’s increased demand could invalidate this bearish outlook. In this case, the price of the token Can climb to $15.81.
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.
