The total cryptocurrency market capitalization remains steady at $2.81 trillion, with minor losses recorded over the last 24 hours. While the majority of major cryptocurrencies have remained stable, some altcoins are attracting more interest from investors and traders. Here’s a list of the trending altcoins today.
Particle Network (PARTI)
The newly launched Layer-1 (L1) coin, PARTI, is one of the trending altcoins today. It is currently trading at $0.37, having experienced a 26% increase in the last 24 hours.
On Tuesday, Particle Network completed its token creation event and airdrop, allowing PARTI to start trading on major exchanges such as Binance, OKX, and Gate.io.
Although PARTI has achieved double-digit gains in the last 24 hours, its hourly chart indicates that it entered a consolidation phase after rising to $0.44 during Tuesday’s trading session. The altcoin is struggling to break through the resistance at $0.37 while finding support at the $0.31 level.
This consolidation is reflected as a flat line in the Chaikin Money Flow (CMF) indicator, suggesting that there is no strong buying or selling pressure in the market, meaning neither buyers nor sellers have full control, and price movements are showing uncertainty or consolidation.
If demand strengthens and PARTI breaks through the $0.37 resistance, it could sustain its upward trend and rise to $0.40. However, if sellers gain the upper hand and profit-taking increases, PARTI could fall below the $0.35 level and decline to $0.33.
Sui (SUI)
SUI is another trending altcoin today. Its price has risen by 6% in the last 24 hours, reaching $2.51.
Despite the price increase, SUI’s trading volume has decreased by 7% during the review period, creating a negative divergence. This price/volume negative divergence signals a potential decline, indicating that SUI’s price rally is fueled by speculative trading rather than genuine demand, making it unsustainable. If this trend continues, SUI could lose its recent gains and drop to $2.10.
On the other hand, if genuine demand for the altcoin increases, this negative forecast could be invalidated. In that case, the coin’s price could rise to $3.17.
Ondo (ONDO)
The RWA token, ONDO, is one of the most sought-after altcoins today. It is currently trading at $0.93, with a 6% price increase in the last 24 hours.
The rising Relative Strength Index (RSI) confirms that buying pressure in the market is increasing. This important momentum indicator is currently in an upward trend and has surpassed the neutral line at 50.
The RSI measures whether an asset is overbought or oversold, ranging from 0 to 100. Values above 70 indicate that the asset is overbought and a price decline is expected, while values below 30 suggest that the asset is oversold and may experience a recovery.
When an asset’s RSI crosses above the centerline, it signals a shift towards bullish momentum. This indicates that buying pressure for ONDO is increasing, potentially supporting further price increases.
If buying pressure strengthens, ONDO could continue its rally and rise to $1.03. Conversely, if profit-taking comes back into play, ONDO’s price could decline to $0.87.
Important Warning: This news does not constitute investment advice. Cryptocurrency markets carry high risks, and there is a possibility that your investments may lose value. We recommend conducting your own research and consulting a financial advisor if necessary when making investment decisions.
