The cryptocurrency market is undergoing a notable shift. Memecoins, which experienced a significant rally earlier in November, are now showing signs of losing steam.
At the same time, DeFi tokens are gaining traction, driven by favorable market conditions and growing investor interest. Recent data points to a clear divergence, with memecoins slowing down while DeFi assets continue to trend upward. Meanwhile, tokens across other sectors are printing gains. This article curates the most trending coins on GeckoTerminal.
Trending Coins on GeckoTerminal
The OLAF trading pair on the Raydium platform has shown notable price fluctuations throughout the day, with values ranging from $0.0015 to $0.0021. Meanwhile, GALA has maintained a relatively stable trading range between $0.0380 and $0.0400. VIRTUAL has experienced notable intraday price swings, while UBC has shown a significant downward trend during the observed period.
Flockerz ($FLOCK), a newly launched meme coin project, is approaching the end of its presale phase. It has raised $3.64 million to date, just shy of its $3.89 million goal. Separately, a massive $15 trillion Bitcoin price wager has helped stabilize a sudden wave of crypto sell-offs.
1. OLAF (OLAF)
The OLAF trading pair on the Raydium platform has experienced significant price volatility, ranging between $0.0015 and $0.0021 over the day. The current price of $0.001685 represents a moderate decline from the day’s high. Moreover, the candlestick patterns on the chart suggest a highly volatile market, with significant price swings in both directions. This indicates substantial buying and selling pressure in the market as traders attempt to capitalize on the rapid price movements.
Additionally, the trading volume has been elevated, particularly during periods of rapid price movement, further underscoring the active participation in the market.
Due to this heightened volatility, traders will likely be focused on managing their risk exposure and identifying potential support and resistance levels to guide their trading decisions. They may employ strategies such as stop-loss orders and position sizing to mitigate the risks associated with the market’s unpredictability.
$OLAF listed on @gate_io ! ❄️https://t.co/e1vyqiCJf6 pic.twitter.com/eOnHhqNdsu
— Olaf (@Olafonsolana) November 29, 2024
From a technical analysis perspective, the price currently trades above the 20-period moving average, suggesting a potential bullish bias. However, the Relative Strength Index (RSI) is in the neutral zone, not providing a clear signal for the direction of the trend. Consequently, traders may need to exercise caution and closely monitor the market conditions before entering any positions, as the volatility in the market could lead to significant risk exposure.
2. Gala (GALA)
GALA has exhibited a relatively range-bound price movement, oscillating between $0.0380 and $0.0400 daily. The current price of $0.03916 represents a marginal increase from the day’s opening price.
The candlestick patterns on the price chart suggest a consolidation phase, with the price finding support and resistance at various levels. This indicates that buyers and sellers are currently in a state of equilibrium, unable to push the price significantly in either direction. The trading volume has been moderate, further reinforcing the notion of a balanced market sentiment.
In this market environment, traders may be focused on identifying potential breakout or breakdown levels that could signal the next directional move. A breakout above the current range could open the door for a bullish rally, while a breakdown could lead to a bearish downtrend. Careful analysis of the support and resistance levels and the overall market dynamics will be crucial for traders to capitalize on future price movements.
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— Gala Games (@GoGalaGames) November 27, 2024
From a technical analysis perspective, the price trades slightly above the 20-period moving average, suggesting a potential bullish bias. However, the Relative Strength Index (RSI) is in the neutral zone, not providing a clear signal for the direction of the trend. Consequently, traders may need to wait for a decisive break above or below the current range to identify the next likely price movement and execute their trading strategies accordingly.
3. Virtual Protocol (VIRTUAL)
VIRTUAL has exhibited significant price volatility over the day. The price has ranged between $1.2800 and $1.4200, with the current price of $1.3434 representing a slight decline from the day’s high. The price action is characterized by large candlestick bodies, indicating substantial buying and selling pressure in the market. This heightened volatility is further reflected in the elevated trading volume, particularly during periods of rapid price movement. As a result, traders will likely be focused on identifying potential support and resistance levels to guide their entry and exit decisions.
From a technical analysis perspective, the price currently trades above the 20-period moving average, suggesting a potential bullish bias. However, the recent pullback and the overall volatility in the market may lead traders to exercise caution. The Relative Strength Index (RSI) is in the neutral zone, not providing a clear signal for the direction of the trend.
https://t.co/uKfLfwrdJ3
— Virtuals Protocol (@virtuals_io) November 26, 2024
Given the dynamic nature of the market, traders may need to monitor conditions closely and be prepared to adapt their strategies accordingly. Significant price swings and elevated trading volume present opportunities for traders to identify and capitalize on the market’s momentum.
4. Universal Basic Compute (UBC)
UBC has experienced a significant downward price trend over the period shown. The price opened the day around $0.0305 but has steadily declined, reaching a low of $0.0289 before closing at $0.02968. The trading volume has been relatively high, indicating active market participation.
The consistent lower lows and lower highs on the candlestick chart suggest a strong bearish sentiment in the market. The price action is characterized by a series of red candles, which signifies selling pressure. As a result, traders will likely be closely watching for a potential support level or reversal pattern to emerge before considering any bullish positions.
From a technical analysis perspective, the price is trading well below the 20-period moving average, which is a clear bearish signal. Additionally, the Relative Strength Index (RSI) is in oversold territory, potentially indicating an opportunity for a short-term bounce.
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— Universal Basic Compute – $UBC (@UBC4ai) November 28, 2024
However, it is important to note that the overall trend remains firmly bearish, and traders should approach any potential bullish positions with a high degree of caution. Given the sustained downward momentum and the bearish technical indicators, traders may consider adopting a cautious stance.
5. Flockerz ($FLOCK)
Flockerz ($FLOCK) is a new meme coin project nearing the completion of its presale. So far, it has raised $3.64 million from its $3.89 million target. Tokens are currently priced at $0.006175, with a limited window of under three days before the next price increase.
The project introduces a vote-to-earn (V2E) mechanism, which enables token holders to participate in key decision-making processes. This model emphasizes community involvement and has earned Flockerz the title of the “people’s meme coin.” It aligns with a growing trend of retail investors shaping cryptocurrency markets.
Some analysts have compared Flockerz to Chill Guy ($CHILLGUY), a meme coin that achieved extraordinary growth earlier this year. Chill Guy’s rise turned one investor’s $160 into significant millions, highlighting the lucrative potential of meme coins.
The Flock just passed 3.5M!!!!
What a big day for this flock. From humble beginnings to worldwide notoriety the flock isn't ready to stop anytime soon!
Here's to the next! 🔥💙🐦 pic.twitter.com/Go1L3mDsTm
— Flockerz (@FlockerzToken) November 28, 2024
This cycle of cryptocurrency growth is driven largely by retail investors rather than larger players. Crypto analysts call this trend “The People’s Bull Run.” Projects like Flockerz appear to benefit from this shift, especially with their community-driven governance models and accessible entry points.
Flockerz has also undergone audits by Coinsult and SolidProof, adding a layer of security and transparency for investors. It further incentivizes participation through a staking option that offers an annual percentage yield (APY) of 670%. This rewards users while increasing their voting power, creating additional value for early adopters.
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