Trending Altcoins to Watch: RAI, OM, and RUNE
Promoted by 44% of transaction volume in the past 24 hours, the cryptocurrency market has soared today. Market activities declined on Thursday, and the total market value fell by 2%.
With the market recovery, REPLOY (RAI), Mantra (OM) and Thorchain (Rune) are some of today’s cottage trends.
Re -deploy (RAI)
Tokens based on artificial intelligence RAI is one of the popular cottages today. At present, its transaction price is $ 5.66, and the price has fallen by 4%in the past 24 hours. The price decline accompanied by the surge of 10% of the daily transaction volume, which confirmed the surge in selling.
When the price of assets falls and the transaction volume rises, the market activities are intensified. More traders are selling assets, which may be due to fear or negative emotions. This difference indicates that the market is increased volatility And the possibility of further downward pressure.
With the increase in downward pressure, the price of RAI may fall to $ 3.76. On the contrary, the recovery of RAI demand may push the value of the token to $ 7.67.
Mantra (OM)
OM, the native currency of the real world asset (RWA) Layer-1 (L1) Blockchain truth It is another asset trend today. Its transaction price was $ 3.62, and the price has risen by 1%in the past 24 hours.
However, this slightly rising only reflects a wider market rising because the selling activities of the OM spot market are still ongoing. As of press time, the reading of its Elder-Ray index was -0.12, which confirmed this.
This indicator measures the strength of assets and shorts by comparing high -priced and low -prices with the index moving average (EMA). When the index is negative, it indicates that the short -term market is dominated, implying downward pressure and the trend of loser.
If this trend continues, the price of OM may fall to $ 3.10. However, if multi -headed re -obtain market control, they may push the price of token to a historical high of $ 4.63.
Thor (rune)
Thorchain’s Rune is currently at the lowest price since October. In the past 24 hours, its value has fallen by 19%. The price of RUNE is $ 2.40, which is located below the red line of its super trend indicator, indicating that the market has a strong drop pressure on the market.
This indicator is a trend tracking technology analysis tool that can place a line above or below the price chart according to the volatility of the asset to help traders identify the market direction. When the asset price is lower than the super trend line, it usually indicates that the trend of losses indicates that the market is in a downward trend or selling pressure on selling.
If the downward trend continues, The price of RUNE may fall to $ 1.92. On the other hand, the recovery accumulated by Rune may push its price to $ 4.17.
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