TON struggles as bearish trends persist, while ONDO and RNDR show strong bullish momentum.
WIF sees bullish recovery, but TRX faces bearish pressure and declining trading volume.
RNDR gains strength with surging volume, hitting key resistance near $5.00.
The current crypto bull run has investors eyeing several altcoins that might outperform the market. Toncoin (TON), Ondo (ONDO), Tron (TRX), Dogwifhat (WIF), and Render (RNDR) are all showing interesting price action and market sentiment.
Each of these altcoins has displayed distinct price trends and market sentiments, positioning them as potential top performers during this market phase.
Toncoin (TON) has experienced a slight decline, with its price dropping by 2.28% over the past day to $6.50. Despite the decline, trading volume surged by 46.90%, indicating increased activity. However, the price trend reflects a bearish sentiment.
Source: Coinmarketcap
Significant resistance levels are noted at $6.70 and $6.65, where the price struggled to maintain upward momentum. On the other hand, support levels are observed at $6.50 and $6.45, which may offer short-term stability if the downward trend continues.
Meanwhile, Ondo (ONDO) has seen a notable price increase of 5.99% within the last 24 hours, reaching $0.7133. The trading volume also rose by 9.86%, suggesting growing interest and market activity.
Source: Coinmarketcap
The upward price movement indicates a bullish sentiment. Key resistance levels are identified at $0.72 and $0.71, where the price faces challenges in maintaining its upward trajectory. In contrast, support levels at $0.67 and $0.69 have provided a foundation for the price’s recent rise.
Tron (TRX) has encountered a different scenario, with its price decreasing by 4.74% to $0.1562. The trading volume dropped by 18.87%, reflecting diminished market activity. The overall price trend is bearish, as the downward movement dominated the day.
Source: Coinmarketcap
Resistance levels are evident at $0.1650 and $0.1600, where the price faced difficulties sustaining gains. Support levels at $0.1500 and $0.1450 may come into play if the decline persists.
Dogwifhat (WIF) has shown a price increase of 4.51%, bringing its value to $1.60. This upward movement is supported by a market cap rise of 4.51%, although the 24-hour trading volume decreased by 7.26%.
Source: Coinmarketcap
The bullish sentiment is evident as the price recovered from a low of $1.5327. Key support levels are identified at $1.53 and $1.55, which helped stabilize the price before its recovery.
Resistance levels are at $1.60 and $1.575, where the price may face challenges in sustaining its upward momentum.
Render (RNDR) has exhibited a robust 9.94% price increase to $4.96, reflecting strong buying momentum. The market cap surged by 10.13%, and the 24-hour trading volume jumped by 57.15%, highlighting significant market activity.
Source: Coinmarketcap
The bullish trend is supported by key resistance levels at $5.00, $5.10, and $5.20, where the price faces potential hurdles. Support levels are noted at $4.50 and $4.60, providing a base for the recent upward trend.
The post Altcoin Rally: TON, ONDO, TRX, WIF, and RNDR Outperform Market appeared first on Coin Edition.
