Several altcoins are currently attracting attention for various reasons. Data from CoinGecko shows that all of these cryptocurrencies have one thing in common: their value has increased over the past 24 hours.
This notable increase can be linked to the broader market recovery. However, the three most prominent altcoins today are Mythos (MYTH), MAD (MAD), and Mode (MODE).
Mythos (MYTH)
Mythos tops the list of featured altcoins today, especially due to its 45% price increase over the past seven days. As a project built on the Ethereum blockchain, MYTH price also increased thanks to the increase in the value of ETH.
At the time of writing, MYTH’s price was 0.27 USD but has encountered resistance around this area. However, the Awesome Oscillator (AO), which measures momentum, shows that sentiment around the altcoin remains bullish.
In this case, MYTH price is likely to bounce up to $0.32. However, if the momentum turns bearish and the AO indicator falls into negative territory, this may not happen. In that case, the value of the altcoin could drop to $0.21.
MAD (MAD)
Another cryptocurrency among the altcoins featured today is MAD, a Meme Coin built on the Solana blockchain. MAD attracted attention as its value has skyrocketed 85% in the past 24 hours and more than 600% in the past seven days.
This price increase may be related to an increase in buying pressure. From a technical perspective, despite the increase, the Bull Bear Power (BBP) indicator, which measures the strength of buyers relative to sellers, revealed that bulls still control the market.
If this continues, the value of MAD could increase to 0.00010 USD. However, if cryptocurrency holders decide to sell in large quantities, this may not happen. Instead, the altcoin’s value could drop to $0.000045.
Mode (MODE)
Like yesterday, Mode is also one of the prominent altcoins today. Unlike the price action on November 21, MODE’s price has increased by 26.50% in the past 24 hours.
Between August and the first few days of this month, MODE’s price was trading within a descending triangle. This bearish model ensures that altcoin values cannot achieve significant increases.
However, at this time, it broke out, as TinTucBitcoin predicted earlier. With the current price trend, MODE is likely to increase to $0.022 in the short term. But in a scenario where selling pressure increases, this may not happen. Instead, it could drop to $0.012.