Today, several altcoins, particularly meme coins, are gaining significant attention in the cryptocurrency market. The driving factors behind their momentum include increasing social dominance, whale accumulation, and unexpected exchange listings. Among the top trending altcoins are Comedian (BAN), Akash Network (AKT), and Sui (SUI).
Comedian (BAN) has seen a surge in price and trading volume after being listed on Binance and Bybit. The altcoin's price has increased by 82% in the last 24 hours, and its trading volume has risen by 300%. Technical analysis suggests that BAN's price could continue to climb above $0.30 and potentially reach $0.43, but if selling pressure increases, it could drop to $0.20.
Akash Network (AKT), a decentralized computing project, is also trending due to its listing on Binance futures. The altcoin's price briefly reached $4.25 before dropping to $3.73. The Awesome Oscillator suggests bullish momentum, with a potential climb to $4.52. However, if the hype around the Binance listing diminishes, AKT could decline to $2.91.
Sui, a layer-1 blockchain, is also experiencing market interest despite no major developments. Its price is currently at $3.67, down 6.60% from its all-time high. The Average Directional Index (ADX) indicates that SUI's price may continue to rise, but if the ADX reading falls below 25, the uptrend could weaken, and the price could decline below $2.38.
- Content Editor ( beincrypto.com )
- 2024-11-18
Why These Altcoins Are Trending Today — November 18