The crypto money market has witnessed an increase in trading activities in the last 24 hours. In this period, the total market value increased by 50 billion dollars. While investors pursued profitable investments, he attracted the attention of traders with a few subcoin price movements. Crypto analyst Abiodun Oladokun, Bmost talked about He puts three Altcoin on the table.
Altcoin in the first row: Gunz (Gun)
Layer-1 Coin Gun is one of today’s trend subcoins. The last day did not participate in the general market rally and the price fell. Gun traded for $ 0.056 during the article, 24 %decreased last day. After the launch on March 31, Altcoin has witnessed important sales that have created downward pressure on the price since its climbing for $ 0.15, which is the highest level of all time.
In the meantime, the falling balance volume of the token (OBV) confirms this. OBV, which was -1,77 billion during the article, fell by 413 %in three days. The OBV indicator measures the cumulative purchase and sale pressure of an asset by adding the volume in the rise days and removing the volume in the days of fall. When it falls in this way, it gives the signal of the decline tendency and the weakening price momentum that the sales pressure increases. If this persists, it may drop to $ 0.052 a day.
Gun price analysis. Source: TradingViewWalrus (Wal) is in the second place
Wal, the local token of Walrus, the decentralized data storage protocol, is another Altcoin that attracts the attention of investors today. During the article, it is traded for $ 0.57 with an increase of 6 %in the last 24 hours. However, the decline in WAL’s daily transaction volume offers a negative deviation that points to a short -term price correction. This figure was $ 221 million and fell 20 %in the last day.
As the price of an asset rises, the decrease in the transaction volume indicates that there is no strong belief behind the price movement. This segregation shows that Wal’s rise is unsustainable and that the transaction volume may reversed if it does not increase to support the rise tendency. In this scenario, the price of Altcoin may drop to $ 0.54. If this support does not hold the ground, the token price may decrease to $ 0.46.
Wal Price Analysis. Source: TradingViewAltcoin in the last row: Berachain (Bera)
Bera is another Altcoin with trend today. He’s currently traded for $ 7 and recorded a price decrease of 2 %last day. In the daily graph, the Bera’s paraboolic stop and reversing (SAR) indicator created a dynamic resistance of $ 8.98 above its price. This emphasizes the increasing sales pressure between the Bera Trader today.
The parabolic SAR indicator of an asset also determines the potential trend direction and reverse turns. The market tends to decline when the points are above the price of an asset. This indicates that the price of the existence has fallen and the decline can continue. If the bera continues to decline, the price may drop to $ 6.11.
Bera Price Analysis. Source: TradingView
