Altcoins Trending Today – November 22: MYTH, MAD, MODE
A number of altcoins are trending today for various reasons. According to CoinGecko data, all these cryptocurrencies have one thing in common: their value has increased in the last 24 hours.
This significant hike can be linked to a broader market recovery. That said, the three trending altcoins today are Mythos (MYTH), MAD (MAD), and Mode (MODE).
MYTH
Mithos tops the list of trending altcoins today, especially with its 45% price increase over the past seven days. As a project built on the Ethereum blockchain, the value of MYTH has increased due to the increase in the value of ETH.
As of this report, MYTH is priced at $0.27 but has encountered resistance in the same area. However, the Awesome Oscillator (AO), which measures its momentum, shows that sentiment around the altcoin remains bullish.
In this case, the price of MYTH may rise to $0.32. However, if the momentum turns bearish and the AO reading drops into negative territory, this may not be the case. If this is the case, the price of the altcoin could drop to $0.21.
food
Another crypto among the trending altcoins today is Meme Coin, which is built on the Solana blockchain. MAD is trending as its value has increased by 85% in the last 24 hours and more than 600% in the last seven days.
This increase in prices may be linked to increased buying pressure. From a technical point of view, despite the hike, bull bear power (BBP), which measures the strength of buyers compared to sellers, shows that the bulls are still in control.
If this continues, the price of MAD may rise to $0.00010. However, if cryptocurrency holders decide to sell in large quantities, this may not happen. Instead, the altcoin price may sink to $0.000045.
mode
Like yesterday, Mod is still one of the trending altcoins today. Unlike the price action on November 21, MODE price has increased 26.50% in the last 24 hours.
Between August and the first few days of this month, the price of MODE traded in a descending triangle. This bearish pattern confirms that the altcoin value is unlikely to take a significant hike.
However, during the press conference, it happened as BeInCrypto predicted earlier. With current price movement, MODE may rise $0.022 in short term. But that may not be the case with increased sales pressure. Instead, it could drop to $0.012.
Disclaimer
In accordance with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always do your own research and consult with a professional before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
