CHILLGUY Reaches $0.58 on Smart Money Flow, Falls 18% on Selling Pressure
VIRTUAL Rises to $0.71 on Strong RSI: Rise Could Continue if Buying Continues
AIXBT Gains 75%, New ATH: $0.09! Trading Volume Increases 487%!
While the cryptocurrency market lost $8 billion in total market value in the last 24 hours, some altcoins gained momentum despite this general decline and reached new all-time highs (ATH). Here are three of the cryptocurrencies that rose today:
Just a Chill Guy (CHILLGUY), a meme coin based on the popular internet character, has seen a huge increase in value since its launch on November 15. Having recorded a new ATH of $0.58 during the Asian session on November 25, CHILLGUY is currently trading at $0.47, marking an 18% drop from its peak.
Blockchain data provider Nansen reported on Nov. 25 that CHILLGUY received $108,450 worth of smart money net flows in the last 24 hours. This suggests that large investors (institutional and high-volume) continue to increase their holdings. If this trend continues, the CHILLGUY price could retest the ATH level. However, if selling pressure increases, the price could drop below $0.40.
VIRTUAL coin is a token that is used to create and monetize AI agents on its decentralized platform. Having reached an all-time high of $0.71 today, VIRTUAL is currently trading at $0.65, down just 8% from its peak price.
VIRTUAL’s rise is supported by real demand for the altcoin. This is confirmed by the rising Strength Index (RSI), with the RSI reading at 69.48. The RSI indicator indicates whether an asset is overbought or oversold. Values above 70 indicate overbought conditions, while values below 30 indicate oversold conditions. At this level, it shows that VIRTUAL’s buying activity has overcome selling pressure. If this trend continues, the VIRTUAL price could revisit the ATH level of $0.71. However, if profit-taking begins, the price could drop to $0.57, which could weaken the bullish outlook.
AIXBT is currently trading at $0.08 and is up 75% on the day. The coin recorded a new ATH today, reaching $0.09. Over the past 24 hours, its trading volume has increased by a massive 487%, reaching $6.05 million.
When the price of an asset increases in line with the volume, it indicates strong market interest and participation. The rise in AIXBT shows that active buying is supporting the price increase and that there is increasing confidence in the market. If this momentum continues, AIXBT could experience further gains while maintaining its ATH level. However, it should be noted that if selling pressure begins, the price could drop to $0.07.
These increases stand out as important developments to watch out for in the crypto market. Investors should be careful in this volatile environment and consider potential risks in both directions.