The crypto money market is trying to capture a new rise acceleration. Most large Altcoin remained relatively stable, while traders and investors have increased their interest in some subcoins. Crypto analyst Abody Oladokun takes a closer look at the 3 Altcoin project, which is the trend today.
Altcoin in the first row: Particle Network (Parti)
Parti is a new Layer-1 (L1) Coin. Token is traded for $ 0.37 by recording a 26 %increase in the last 24 hours. On Tuesday, the Particle Network completed the token production activity and AirDrop. As you can follow from Kriptokoin.com, it was then listed on large stock exchanges such as Partı, Binance, Okx and Gate.io.
Although the party has made double -digit gains last day, the hourly graph shows that there was a consolidation period after the $ 0.44 -day day summit in Tuesday’s trading session. Altcoin was forced to break the resistance of $ 0.37 while finding support for $ 0.31.
This consolidation is reflected by the plain of the money flow (CMF) in Chaikin Money Flow (CMF), which is a tendency to show that there is no strong purchase or sale pressure in the market. This shows that neither the bulls nor their bears have full control and reflect the instability or consolidation in the price movement. If the demand is strengthened and the party rises above $ 0.37, it can maintain the rise trend and climb to $ 0.40. However, if the sellers gain dominance and profit purchases increase, their party may decrease below $ 0.35 and may drop to $ 0.33.
Parti Price Analysis. Source: Gecko TerminalNext is Ondo Finance (Ondo)
Ondo is one of the most sought -after subcoins today. During the article, it changes hands for $ 0.93 by recording a 6 %price increase in the last 24 hours. The rising relative power index (RSI) confirms the increasing print pressure of Onddo among the market participants. The basic momentum indicator increased in the press-time rise trend and above the 50-nötr line.
The RSI indicator measures the market conditions of an asset excessive purchase and over -selling. This value varies between 0 and 100. While the values of over 70 show that the asset is over -purchased and will experience a price drop, the values below 30 indicate that the asset is sold overly sold and may witness a recovery. When the RSI of a being rises above the central line, it points to a shift towards the ascension momentum. This shows that the ond purchase pressure has increased and potentially supports more price gain. If the procurement pressure gains momentum, it may extend the ond rise and climb to $ 1.03. On the contrary, if the profit makes a return, the price of Ondo may drop to $ 0.87.
Ondo price analysis. Source: TradingViewAltcoin in the last row: Sui (water)
Another Altcoin is the trend today. The price increased by 6 %in the last 24 hours and is currently traded for $ 2.51. While the price increased, the transaction volume of SUI decreased by 7 %during the examination and created a negative deviation. Price/volume negative decomposition is a decrease signal and indicates that the price increase of SUI is not caused by real demand for Altcoin, but instead is fed with speculative procedures and becomes unsustainable. If this persists, the water may lose its last earnings and may drop to $ 2,10.
On the other hand, a real demand for Altcoin will invalidate this decline projection. In this scenario, the price of Altcoin may rise to $ 3,17.
Water Price Analysis. Source: TradingView
