Over the last 24 hours, the cryptocurrency market experienced a slight decline of 0.95%, with the total market capitalization reaching $2.25 trillion. Despite this dip, the trading volume increased by more than 31%, hitting $81.14 billion. The DeFi sector contributed $4.6 billion to this volume, representing 5.67% of the total trading activity.
#Stablecoins continue to dominate trading with a volume of $74.51 billion, accounting for 91.83% of all transactions. Despite the market correction, some altcoins have shown strong gains, notably Bonk (#BONKđ„đ„ ), Fantom (#FTM ), and Sui (#SUIđ„ ).
BONK: The Altcoin That Surprised with Its Growth
$BONK , one of the lesser-known altcoins, has seen a 9.37% increase over the last 24 hours, bringing its price to $0.00002572. This surge was driven by a significant 67.62% rise in trading volume, which now stands at $489.57 million. Market sentiment remains bullish, with the Relative Strength Index (RSI) at 74.83, indicating overbought conditions.
BONK continues to hold strong above key moving averages, with support at $0.00002170 and resistance around $0.00002590. If this trend persists, further growth can be expected, but traders should remain cautious due to the elevated RSI, signaling a potential correction.
Fantom: Rapidly Growing Cryptocurrency Attracts Attention
Fantom ($FTM ) surged by 9.01% in the last 24 hours, reflecting growing investor confidence. Its market capitalization increased by 8.30%, while the 24-hour trading volume reached $276.68 million. The volume-to-market-capitalization ratio stands at 15.33%, indicating stable trading activity. Fantom's RSI is at 68.27, suggesting the cryptocurrency is approaching overbought territory.
FTM maintains a #BullishTrend with support at $0.6798 and resistance at $0.7360. If the upward trend continues, Fantom could see further gains, though the market may soon encounter consolidation.
Sui: Steady Growth and Potential for Continued Success
Sui ($SUI ) recorded an 8.96% increase over the past 24 hours, reaching a price of $1.89. Its market capitalization rose to $5.17 billion, with a market cap ratio of 3.40%. The market sentiment is positive, with an RSI of 60.03, indicating a healthy balance between buyers and sellers.
SUI is well-supported by its 21-day moving average at $1.82 and faces resistance at $1.91. If SUI maintains its trading volume, it has the potential to break through this resistance and continue its upward trajectory.
These three altcoins are currently enjoying significant investor interest, demonstrating that despite the overall market decline, there are still growth opportunities.
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.â
