The cryptocurrency market is attracting the attention of investors with its general downward trend today. The global cryptocurrency market value decreased by 6% in the last 24 hours, falling to $3.37 trillion. However, despite this decline, some altcoin projects stand out with their activity. Here are the three most talked about altcoins today:
Altcoin at the Top of the List: “Official Trump (TRUMP)”: Will the Decline Continue?
Solana-based meme coin TRUMP was one of the most notable assets of the day. It is currently trading at $26.16 and has lost 14% in the last 24 hours. TRUMP is trading below the red line of the Super Trend indicator. This indicates that the market is bearish and sellers are dominant.
If the selling pressure continues, TRUMP’s price could drop to $10.33. However, if buyer interest increases, the price may rise again to $36.69. Analysts state in their comments that TRUMP is currently in a downward trend, but a sudden buying wave may reverse this situation.
Ondo (ONDO): Is Selling Pressure Getting Stronger?
ONDO, a real-world asset (RWA) token, is currently trading at $1.29. It lost 9% of its value in the last 24 hours. The main reason for this decline is the weakening demand and the gradually decreasing RSI value. The RSI, currently at 45.89, indicates increasing selling pressure.
If this pressure continues, ONDO could decline below $1.23 and drop to $1.03. However, if demand strengthens again, ONDO’s price may rise to $1.57. Experts think that the RSI is in a downward trend and therefore it makes sense to wait and watch the market now.
Altcoin “Jupiter (JUP)”, Ranked 3rd on the List: Highest Gainer of the Day
Today’s star in the crypto market was JUP. It is currently trading at $0.97 and has gained 5% in the last 24 hours. The most important factor supporting this rise is the 181% increase in transaction volume. This proves that investors have shown great interest in JUP and purchases are driving the price up.
If demand continues, JUP could rise as high as $1.08. However, one analyst has a warning: “The price has risen rapidly, but investors taking profits may cause a decline.” If a selling wave begins, JUP could drop below $0.95 and drop to $0.81.
