The cryptocurrency market is buzzing with exercise as a number of altcoins have stolen the highlight right this moment. From double-digit value surges to rising buying and selling volumes, these trending altcoins, and notably — meme cash, are gaining lots of market consideration.
Key components driving the momentum embrace surging social dominance, important whale accumulations, and sudden alternate listings. Notably, Comic (BAN), Akash Community (AKT), and Sui (SUI) are among the many high trending altcoins right this moment, November 18.
Comic (BAN), a meme coin based mostly on Solana, is amongst right this moment’s trending altcoins because of a shock Binance futures itemizing. Earlier right this moment, Binance disclosed that it’ll record the altcoin at 11:30 UTC, and merchants can use as much as 75x leverage.
Other than Binance, Bybit additionally introduced that it’ll record the token. In consequence, BAN’s value has elevated by 82% within the final 24 hours. Its buying and selling quantity has additionally elevated by 300% and presently sits at $255 million, indicating that traders have proven important curiosity within the token.
From a technical perspective, the 4-hour chart exhibits that BAN’s value has risen above the Ichimoku Cloud, a technical indicator that gauges assist and resistance.
When the value is beneath the cloud, it means there’s a sturdy resistance that would push the value down. However since it’s above it, it means BAN’s value may proceed to climb above $0.30.
If that is so, the altcoin’s value may rise to $0.43. Alternatively, if promoting stress comes into play, the token may drop to $0.20.
Akash Community (AKT)
The AI-based challenge Akash Community, which focuses on decentralized computing, is likely one of the high trending altcoins right this moment. Just like the Comic challenge, AKT is trending as a result of Binance can be itemizing on the futures market.
Following the event, AKT’s value rallied to $4.25 earlier than it just lately dropped to $3.73 on the time of writing. On the every day chart, the Superior Oscillator (AO) studying has elevated. The Superior Oscillator (AO) analyzes present information in opposition to historic information to gauge market momentum. It helps verify or problem current developments, determine whether or not a pattern is bullish or bearish
When the studying is adverse, the momentum is bearish. Nonetheless, since it’s constructive, momentum is bullish, suggesting that AKT’s value may proceed to rise. As seen on the every day chart, the value may climb to 4.52 achieve, which is the best level for the candlestick’s wick.
Nonetheless, if the hype across the Binance itemizing drops, this could possibly be invalidated. In that situation, AKT may decline to $2.91
Sui (SUI)
Sui is once more on the record of trending cash right this moment due to the market curiosity in it. Nonetheless, it is very important notice that the layer-1 blockchain didn’t have any main growth.
At press time, SUI’s value was $3.67, down 6.60% from its all-time excessive. Regardless of the decline, the Common Directional Index (ADX), which measures directional power, means that SUI’s value may proceed to climb.
It is because the ADX studying has elevated, and since SUI’s motion has been towards the upside for a while, the worth may proceed to rise. If this occurs, the altcoin’s worth may rise above $4.
Nonetheless, if the indicator’s studying slides beneath 25, the uptrend may grow to be weak. In that situation, the value may decline beneath $2.38.
Disclaimer
Consistent with the Belief Mission pointers, this value evaluation article is for informational functions solely and shouldn’t be thought-about monetary or funding recommendation. BeInCrypto is dedicated to correct, unbiased reporting, however market situations are topic to vary with out discover. All the time conduct your personal analysis and seek the advice of with an expert earlier than making any monetary selections. Please notice that our Phrases and Circumstances, Privateness Coverage, and Disclaimers have been up to date.
