As an analyst with over two decades of experience in the financial markets, I have seen bull runs and bear markets come and go. The current altcoin season is no exception, and it’s fascinating to see which tokens are making waves.
Right now, it seems like the time for altcoins has arrived once more, just as anticipated. This change in direction means that various non-Bitcoin cryptocurrencies are drawing attention from many traders. Consequently, the list of trending altcoins today features tokens whose prices have all significantly increased within the past 24 hours.
These spikes might be associated with increasing interest and substantial transactions. As per CoinGecko, the three most popular altcoins currently are Bertram The Pomeranian (BERT), Koma Inu (KOMA), and Hyperliquid (HYPE).
Bertram The Pomeranian (BERT)
On a Monday, BERT was among the popular altcoins trending. At that time, the token attracted significant market attention due to interactions between the project and the account of ex-Binance CEO Changpeng Zhao, which took place on platform X, previously known as Twitter.
Currently, there’s a lot of buzz surrounding BERT due to its price surge. In fact, over the past 24 hours, its value has risen by approximately 35%, now trading at around $0.12. On a more technical note, the Bull Bear Power (BBP) on the 4-hour chart indicates an upward trend.
When the Big Balance Percentage (BBP) drops, it implies that bears have more influence, potentially leading to a price decline. However, given that the indicator resides within a positive zone, it suggests that the Solana meme coin may continue to rise.
Should it pan out as such, the value of the altcoin might spike up to about $0.18 within a short period. But if there’s increased selling, it may not materialize. On the contrary, the price could dip down to approximately $0.072 instead.
Koma Inu (KOMA)
Currently, one of the altcoins gaining attention is Koma Inu, a meme coin operating on the Binance Smart Chain. The buzz around KOMA is growing, as its price skyrocketed by 71% over the past 24 hours – an interesting coincidence given that BNB‘s price also reached a new all-time high on the same day.
On the 4-hour chart, Koma Inu has experienced a golden crossing. A golden crossing takes place when the shorter Exponential Moving Average (EMA) surpasses the longer one. Here, you can see that the 20 EMA (represented in blue) has gone above the 50 EMA (yellow).
If KOMA manages to surpass its current resistance level of $0.073, its price could potentially reach $0.086. Conversely, if it struggles to move beyond this barrier, there’s a possibility that the price could drop to $0.063.
Hyperliquid (HYPE)
As an analyst, I’ve noticed that Hyperliquid (HYPE) has consistently made appearances on the trending altcoins list, primarily due to its surging price. Today is no exception, as the HYPE price has persistently risen since the Token Generation Event (TGE).
In the past day, the value of HYPE has risen by a significant 43.40%, reaching $12.95. This surge suggests a substantial increase in demand, as its 24-hour trading volume exceeded an impressive $270 million.
As a crypto investor, I’m optimistic that if the trading volume and price trend upward, HYPE could potentially reach around $15. However, it’s crucial to keep in mind that an increase in selling pressure could counteract this trend, possibly leading to a dip in the altcoin’s value instead.
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2024-12-04 18:33