Why These Altcoins
Are Trending
Today —
November 28
This November, many altcoins have shown that they are ready to challenge
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s (BTC) dominance. As a result, some of these cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта are
part of the top trending assets.
While outperforming BTC is not the only reason these cryptos are on the list,
BeInCrypto reveals other reasons in this analysis. Using CoinGecko data, the
top three altcoins trending today, November 28, include Thena (THE), Sui
(SUI), and Just a Chill Guy (CHILLGUY)
THENA (THE)
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THE, the native token of the decentralized exchange built on the BNB Chain, is
part of the trending altcoins today due to its price increase. In the last 24
hours, THENA’s price has increased by 130% and currently sits at $3.88.
This development was also aided by Binance• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Binance s support of the
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта through its listing some days ago. Before the development, THE
was swinging between $0.15 and $0.50. However, it appears that the Binance• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Binance
listing has brought more attention to the altcoin.
As a result, the volume has also increased. Should volume continue to climb as
well as the price, then THE could hit $5. On the other hand, if profit-taking
increases, this might not happen. In that case, the value could decline below
$2. THENA Daily Analysis. Source: TradingView
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Sui (SUI)
Like THENA, Sui is also one of the trending altcoins today due to its price
increase. However, it is important to note that the crypto did not replicate
THE’s performance. Instead, it climbed slightly by 5% in the last 24 hours.
Despite the altcoin’s increase, the Money Flow Index (MFI) on the daily chart,
has dropped below the neutral line. The MFI measures the level of buying and
selling pressure around a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
When it rises, it means buying pressure in the present. However, since it has
dropped in SUI’s case , it indicates selling pressure. Considering this
current condition, the altcoin’s value might drop to $2.38. Sui Daily
Analysis. Source: TradingView
But if buying pressure comes into play again, this forecast might be
invalidated. In that situation, SUI’s price might rally above $3.95.
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Just a Chill Guy (CHILLGUY)
CHILLGUY is one of the trending altcoins today, with reasons similar to THENA.
Just yesterday, Binance• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Binance listed the Solana meme coin on its perpetual market,
causing a brief spike in the token’s value.
However, in the last 24 hours, the price has decreased by 16.40%, suggesting
that the listing was a “buy the rumor, sell the news” event. On the 4-hour
chart, the volume around the token has decreased. Hence, the price is likely
to continue to drop, with possible targets around $0.45. Just a Chill Guy
4-Hour Analysis. Source: TradingView
On the other hand, if interest in CHILLGUY jumps again , this might not
happen, and the price might rise to $0.70.
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Disclaimer
In line with the Trust Project guidelines, this price analysis article is for
informational purposes only and should not be considered financial or
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