Trending Altcoins Today — November 28: THE, SUI, CHILLGUY
This November, a number of altcoins showed that they were ready to challenge Bitcoin (BTC) dominance. As a result, some of these cryptocurrencies become part of the popular assets.
While outperforming BTC is not the only reason these cryptocurrencies make the list, BeInCrypto reveals other reasons in this analysis. According to CoinGecko data, the top three trending altcoins today (November 28) include Thena (THE), Sui (SUI) AND JUST A CHILLGUY (CHILLGUY)
Xena (THE)
THE is the native token of the decentralized exchange built on the BNB chain and is part of the trend Altcoins Today due to its price increase. The price of THENA has increased by 130% in the past 24 hours and currently stands at $3.88.
This development also benefited from Binance Support for Cryptocurrencies By listing a few days ago. Prior to development, THE fluctuated between $0.15 and $0.50. However, Binance’s listing appears to have brought more attention to altcoins.
As a result, the volume also increases. If volume and price continue to climb, THE could reach $5. On the other hand, this may not happen if profit taking increases. In this case, the value could fall below $2.
Sui (Sui)
Like Xena, Sui is also one It is a popular altcoin today due to its rising price. However, it is worth noting that the cryptocurrency did not replicate THE performance. Instead, it edged up 5% in the past 24 hours.
Despite the altcoin’s rally, the Money Flow Index (MFI) has fallen below the neutral line on the daily chart. The MFI measures the level of buying and selling pressure on a cryptocurrency.
When it rises, it means there is buying pressure currently. However, since it has Abandoned in case of SUIwhich indicates selling pressure. Considering the current situation, the value of the altcoin may drop to $2.38.
But if buying pressure comes into play again, this forecast may be invalidated. In this case, the price of SUI may rise to over $3.95.
Just a cold guy(CHILLGUY)
CHILLGUY is one of the popular altcoins today for similar reasons as THENA. Just yesterday, Binance lists Solana meme coin on its permanent market, causing a brief spike in the token’s value.
But in the last 24 hours, the price fell by 16.40%, indicating that the listing was a “buy on rumors, sell on news” event. On the 4-hour chart, Trading volume around the coin has been reduced. Therefore, the price is likely to continue falling, with a possible target around $0.45.
On the other hand, if you are interested CHILLGUY jumps againthis may not happen and the price may rise to $0.70.
Disclaimer
conform to 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 providing accurate and unbiased 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.
