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As the cryptocurrency market capitalization surpassed $3 trillion, many standout altcoins have captured investors’ attention.  As a result, some of these are the hot trending altcoins today, according to CoinGecko. Driven by recent developments, price movements, and surges in trading volume, this article examines why these coins are taking center stage and what’s fueling the excitement behind each one. Notcoin (NOT) Today, Notcoin (NOT), the cryptocurrency tied to the Telegram messaging app, is first on the list of the hot trending altcoins. NOT is trending today because of its notable price increase. Over the last few months, the altcoin’s value experienced a massive decline and showed signs of hitting a new all-time low. However, the price has now increased by 30% within the last seven days while trading at $0.076. This significant resurgence has brought NOT back into the spotlight, with the token now having many mentions on several social media platforms.  From a technical standpoint, NOT’s price experienced this rally due to a breakout from the falling wedge on the daily chart. The increase also materialized because of the surge in the buying pressure on the spot market. For context, a falling wedge is a bullish chart pattern that appears when the price consolidates between two downward-sloping, converging trendlines. Notcoin Daily Analysis. Source: TradingView As seen below, Notcoin’s breakout occurred after a bullish engulfing candle appeared out of the wedge. While the altcoin seems to be facing resistance at $0.0082, the support at $0.0076 looks likely to prevent another drawdown.  If that happens, Notcoin’s price could climb toward $0.010. In a highly bullish situation, it might rise to $0.013. However, if bulls fail to defend the price, it could decrease to $0.0056. Dogecoin (DOGE) Dogecoin’s position among the top trending altcoins may come as no surprise to dedicated market…

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Filed under: News - @ November 12, 2024 6:28 pm