The Altcoins Trending Today – ORCA, ZRO, and BUBB
The cryptocurrency market has reversed its recent gains, with trading activity declining today. Over the past 24 hours, the global crypto market capitalization has dipped by $72 billion, signaling a cooldown after a few days of bullish momentum.
Despite this pullback, some altcoins have continued to attract significant attention. Among the most trending tokens today are Orca (ORCA), LayerZero (ZRO), and Bubb (BUBB), each showing notable market activity.
Orca (ORCA)
ORCA is a trending altcoin today. Its price is up 174% over the past day and currently trades at $4.14.
This triple-digit rally follows an announcement from Upbit, South Korea’s largest crypto exchange by trading volume, confirming that ORCA will be listed on its platform starting March 21 at 17:00 KST.
Although ORCA’s surging trading volume indicates the high buying pressure in the market, its Relative Strength Index (RSI) readings show that the altcoin is overbought and could witness a pullback. This key momentum indicator currently stands at 83.20.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100, with values above 70 indicating that the asset is overbought and due for a decline. Converesly, values under 30 suggest that the asset is oversold and could witness a rebound.
At 83.20, ORCA’s RSI signals that it is significantly overbought and due for a pullback. In this case, the altcoin’s price could fall to $3.20.
On the other hand, if demand soars, ORCA could continue its surge and climb toward $5.43.
LayerZero (ZRO)
ZRO is another altcoin trending today because it has bucked the general market’s decline. It trades at $3.14, a 23% hike over the past day.
On the daily chart, ZRO’s Chaikin Money Flow (CMF) signals the surge in demand for the token. As of this writing, this momentum indicator is in an uptrend at 0.16.
The CMF indicator measures how money flows into and out of an asset. A positive CMF reading like this shows a preference for accumulation over selloffs among ZRO market participants.
If accumulation continues, the token could maintain its rally and break past the resistance at $3.35.
However, if the bears make a comeback, the token’s price could reverse its current trend and drop to $2.76.
Bubb (BUBB)
The newly launched BUBB meme coin is another asset trending today. The token is up 746% over the past 24 hours and trades at $0.032.
As assessed on an hourly chart, its accumulation/distribution (A/D) line is in an uptrend at press time, confirming the high buying activity in the market. This currently stands at 2.18 million.
The A/D line measures an asset’s buying and selling pressure by analyzing its price movements and trading volume. When it climbs, it indicates strong accumulation, meaning buyers are driving demand and pushing prices higher.
If this continues, BUBB could breach the $0.033 resistance to revisit its peak of $0.04.
Conversely, the meme coin’s price could plummet to $0.027 if bullish pressure wanes.
Disclaimer
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