Why These Altcoins Are Trending Today — February 26

As the broader crypto market continues its decline today,  some altcoins have stood out, gaining attraction from traders and investors alike.

Among today’s trending assets are Ondo (ONDO), Celestia (TIA), and KAITO (KAITO), each of which has défied the broader downturn with sizable gains.

Ondo (ONDO)

The Real-world asset (RWA) token ONDO is one of today’s most searched assets. It currently trades at $0.98, with a 2% price uptick in the past 24 hours.

Following an extended period of decline, readings from ONDO’s Relative Strength Index (RSI) suggest that the altcoin might be poised for a bullish rebound. At press time, this momentum indicator is in a downtrend at 31.70. 

An asset’s RSI measures its overbought and oversold market conditions. It ranges between 0 and 100, with values above 70 indicating that the asset is overbought and due for a decline.

On the other hand, values under 30 indicate that the asset is oversold and may witness a rebound. At 31.70, ONDO’s RSI signals that the token is nearly oversold and could experience a positive price correction if new demand enters the market.

ONDO’s price could climb above $1 to trade at $1.23 in this case.

However, ONDO’s price could fall to $0.87 if the decline continues. 

Celestia (TIA)

TIA, the native coin of the modular blockchain network Celestia, is another altcoin trending today. It has also bucked the broader market downturn to record 21% gains over the past 24 hours. 

Its positive Balance of Power (BoP) reflects the high demand for the altcoin among spot market participants. As of this writing, it is at 0.70. 

An asset’s BoP compares the strength of its buyers and sellers by analyzing price movements within a given period. When its value is positive, it indicates that buyers are dominating the market, signaling strong bullish momentum and potential for further price gains.

If TIA maintains its rally, its price could reach $6.78.

On the flip side, a decline in demand could push TIA to its year-to-date low of $2.35.

KAITO (KAITO)

The newly launched AI token KAITO is a trending altcoin today. Despite the general market decline, its price has risen 7% in the past 24 hours.

Its Aroon Up Line, assessed on an hourly chart, confirms the strength of KAITO’s uptrend. As of this writing, it is at 100%.

The Aroon Indicator measures an asset’s trend strength and identifies potential reversal points. When the Aroon Up line is at 100%, it signals that the asset has recently hit a new high and suggests a strong uptrend with bullish momentum. If KAITO maintains its rally, it could revisit its all-time high of $2.10.

Conversely, a dip in buying pressure could cause its price to drop to $1.82. 

Cet article provient d'Internet : Why These Altcoins Are Trending Today — February 26

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