Several altcoins are trending today for various reasons. CoinGecko data shows that all of these cryptocurrencies have one thing in common: their prices have risen in the past 24 hours.

This remarkable increase can be attributed to the broader recovery of the market. That said, the top three altcoins trending today are Mythos (MYTH), MAD (MAD), and Mode (MODE).

MYTH

Mythos tops the trending list. altcoins Today, especially because of its 45% price increase in the last seven days. As a project built on the Ethereum blockchain, the price of MYTH also increased due to the increase in the value of ETH.

As of this writing, MYTH is trading at $0.27 but has encountered resistance in the same area. However, the Awesome Oscillator (AO), which measures momentum, shows that sentiment around the altcoin remains bullish.

In this scenario, MYTH price is likely to move towards $0.32. However, if momentum turns bearish and AO readings fall into negative territory, this may not happen. If that happens, the price of the altcoin could drop to $0.21.

food (food)

Another crypto in altcoins that is trending today is MAD, a A meme coin created on 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 price may be associated with an increase in buying pressure. From a technical perspective, despite the rise, Bull Bear Power (BBP), which measures the strength of buyers versus sellers, shows that 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 price of the altcoin could sink to $0.000045.

mode

like yesterday, Mod is also one of the trending altcoins nowadays. In contrast to its price action on November 21st, MODE price has gained 26.50% in the last 24 hours.

Between August and the first few days of that month, MODE’s price traded within a descending triangle. This bearish pattern ensures that the value of the altcoin does not increase significantly.

However, at press time, It brokeAs previously predicted by BeInCrypto. With the current price movement, MODE is likely to increase $0.022 in short term. But in a scenario where selling pressure increases, this may not happen. Instead, it could drop to $0.012.