2024-12-4 18:00 |
It’s altcoin season, and as expected, many non-Bitcoin cryptocurrencies will be on the radar of several traders. Due to this shift in momentum, the altcoin trending today’s list comprises tokens whose prices have all surged in the last 24 hours.
These surges could be linked to rising demand and significant trading volumes. According to CoinGecko, the top three trending altcoins include Bertram The Pomeranian (BERT), Koma Inu (KOMA), and Hyperliquid (HYPE).
Bertram The Pomeranian (BERT)On Monday, BERT was part of the trending altcoins. During that period, the token saw notable market interest as ex-Binance CEO Changpeng Zhao interacted with the project’s handle on X (formerly Twitter).
Today, BERT is trending because its price has significantly increased. In the last 24 hours, the meme coin’s value has increased by 35% and trades at $0.12. From a technical point of view, the 4-hour chart shows an increase in the Bull Bear Power (BBP).
When this BBP falls, it means bears are dominant, and the price might decrease. But since the indicator is in the positive region, it means the Solana meme coin could experience a continued upswing.
Bertram The Pomeranian 4-Hour Analysis. Source: TradingViewIf that is the case, the altcoin’s value could rise to $0.18 in the short term. However, if selling pressure rises, this might not happen. Instead, BERT could decline to $0.072.
Koma Inu (KOMA)Another token on the list of altcoins trending today is Koma Inu, a meme coin built on the BNB Chain. KOMA is trending because its price has increased 71% in the last 24 hours, coincidentally with the day BNB’s price broke its previous all-time high.
On the 4-hour chart, Koma Inu has formed a golden cross. A golden cross happens when the shorter Exponential Moving Average (EMA) rises above the longer one. As seen below, the 20 EMA (blue) has crossed over the 50 EMA (yellow).
As such, KOMA’s price could climb to $0.086 as long as it breaks above the overhead resistance at $0.073. On the other hand, if the token fails to rise past the hurdle, the price might tumble to $0.063.
Koma Inu 4-Hour Analysis. Source: TradingView Hyperliquid (HYPE)Since its launch, Hyperliquid has appeared on the altcoins trending today list several times, mainly due to its price. Today, it is no different, as HYPE’s price has continued to climb since the Token Generation Event (TGE).
Over the last 24 hours, HYPE’s price has increased 43.40% to $12.95. Its 24-hour trading volume has also surpassed $270 million, indicating notable interest in the token.
Hyperliquid Price Chart. Source: CoinGeckoShould the volume and price continue to rise, HYPE could get closer to $15. On the flip side, if selling pressure rises, this might not happen, and the altcoin might decline.
The post Why These Altcoins Are Trending Today — December 4 appeared first on BeInCrypto.
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