Editor-DN
On December 5, trending altcoins include cryptocurrencies that have previously gained attention. The classification of these assets is the most debated and explored due to various factors.
According to CoinGecko, today’s trending altcoins are Hyperliquid (HYPE), RENDER, and The needle (SUI). Here’s why they made the list.
Hyperliquid (HYPE)
HYPE is the native token of the decentralized exchange Hyperliquid. Basically trend Because of its price action. In the last 24 hours, HYPE’s price has increased by 11.60% and trades at $13.45.
According to CoinGecko, the altcoin’s market capitalization has surpassed $4 billion thanks to this price increase. The trading volume, during the last 24 hours, has exceeded $275 million, which shows the growing interest in the token.
If volume continues to increase, the value of HYPE may increase. However, if the volume decreases, this may not happen, as the value of the altcoin may drop.
render (render)
Like Hyperliquid, RENDER is also trending due to its performance. Over the past 24 hours, the price of RENDER has increased by 15% and is now above $10. This makes the AI themed token the best performer. altcoins today
On the daily chart, the addition/distribution (A/D) line has risen. A/D shows whether there is overselling or buying pressure. When indicator readings rise, buying pressure prevails.
But if it’s the other way around, the seller is in control. So, with the current trend, bulls (buyers) have the upper hand. Thus, RENDER value may continue. To increase
If that happens, the altcoin could rise to $11.83, the latest weekly high. On the other hand, if the sellers seize it, this prediction could be invalidated, and RENDER could fall to $7.36.
Sui (SUI)
On several occasions, the trending of SUI altcoins has been reflected in today’s list. Each time it happened, it was for a different reason. Today, a layer-1 token Blockchain Trending is part of crypto as its price has increased by 15% and has been able to. Break the $4 mark..
A daily chart assessment shows that the token reached $4.18 due to the formation of a bull flag. This flag, which indicates the continuation of an uptrend after consolidation, suggests that the SUI price may continue to rise.
If this trend continues, the price of SUI could rise to $4.80. However, if the bears push the price below the lower trendline of the bull flag, this may not happen. Instead, the SUI could fall to $2.82.
Disclaimer
In line with Trust Project Guidelines, Price Analysis This 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 a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policyand Disclaimer has been updated.
