Why are these altcoins in trend today – January 27

The cryptocurrency market today is experiencing a descending trend, affecting many altcoins. The global market capitalization of cryptocurrencies today is 3.37 trillion dollars, which has decreased by 6% by 6% over the past 24 hours.

Among the wider decline, three altcoin – official Trump (Trump), Ondo (Ondo) and Jupiter (JUP) – are attracted to significant attention. While Jupiter (JUP) saw an increase in value, and Trump (Trump), and ondo (ONDO) collided with a decrease.

Official Trump (Trump)

Today, on the Trump, based in Solan, is a popular altcoin. Currently, it is trading at $ 26,16, noting that over the past 24 hours the price fall by 14%.

During printing, the memes coin are traded under the red line of their super -trend indicator, which helps traders determine the direction of the market, placing a line higher or lower than the price of the voltility of the asset.

As in the case of Trump, when the price of the asset is traded below the Super Trend line, it signals a bear’s trend, indicating that the market is in a descending trend or that the sale of the sale is dominant.

Trump’s price analysis. Source: TradingView

If the pressure on the sale remains dominant, the price of Trump can extend its decrease and fall by $ 10.33. Converged, the increase in the activity of the purchase can lead to the cost of Meme coin to $ 36.69

ONDO (ONDO)

Asset token in the real world (RWA) ONDO is one Altcoin trend today. It is traded at $ 1.29, monitoring the price of 9% in the last 24 hours.

This reduction in prices is associated with a weakening of demand for altcoin, reflected by its relative force (RSI). During printing, the indicator is in a descending trend of 45.89

The RSI indicator measures the resold and overwhelmed market conditions of the asset. It ranges from 0 to 100, and the values ​​of more than 70 indicate that the asset is overdue and the correction may be attested. Conversely, the values ​​below 30 indicate that they are resold and are subject to rebound.

ONDO prices analysis. Source: TradingView

In 45.89 and in the descending trend, the RSI ONDO indicates that the pressure of sales is gaining speed. If this intensifies, the price of ONDO can break through below 1.23 dollars and fall by $ 1.03. On the other hand, if ONDO requires bursts, it can lead to its value up to $ 1.57.

Jupiter (JUP)

JUP is in trend today, because this is the best winning market. During the press, it is traded at 0.97 US dollars, which over the past 24 hours records 5%.

This surge is accompanied by an increase of 181% in the daily trading volume, which indicates that the increase in prices is associated with actual demand for JUP tokens. If demand intensifies, the cost of altcoin may rally by $ 1.08.

Price analysis. Source: TradingView

However, if sales begin, the price of UPA can fall below $ 0.95 and the trends by 0.81 US dollars.

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