The cryptocurrency market continues to decline today, but some altcoins are attracting the attention of traders and investors and showing remarkable performance.
Among today's popular assets are ONDO, TIA, and KAITO. They have recorded significant gains despite the overall downtrend.
ONDO
The real-world asset (RWA) token ONDO is one of the most searched assets today. It is currently trading at $0.98 and has seen a 2% price increase in the last 24 hours.
After a prolonged downtrend, ONDO's Relative Strength Index (RSI) suggests that this altcoin may be preparing for a bullish reversal. The momentum indicator is currently at 31.70, indicating a downward trend.
The asset's RSI measures overbought and oversold market conditions. It ranges from 0 to 100, with values above 70 indicating the asset is overbought and a decline is expected.
Conversely, values below 30 indicate the asset is oversold, and a rebound may be anticipated. At 31.70, ONDO's RSI suggests the token is almost in oversold territory, and a positive price adjustment could occur if new demand enters the market.
In this case, ONDO's price could rise above $1 and reach $1.23.
However, if the downtrend continues, ONDO's price could fall to $0.87.
TIA
TIA, the native coin of the modular blockchain network Celestia, is another popular altcoin today. It has recorded a 21% increase in the last 24 hours, ignoring the overall market decline.
The positive Balance of Power (BoP) reflects high demand for the altcoin among spot market participants. The current BoP is 0.70.
An asset's BoP compares the strength of buyers and sellers by analyzing price movements over a given period. A positive value indicates that buyers are dominating the market, suggesting strong bullish momentum and the potential for further price increases.
If TIA maintains its rally, the price could reach $6.78.
Conversely, a decrease in demand could push TIA down to its all-time low of $2.35.
KAITO
The newly launched AI token KAITO is a popular altcoin today. Despite the general market decline, its price has increased by 7% in the last 24 hours.
The Aroon Up Line, evaluated on the hourly chart, confirms the strength of KAITO's uptrend. It is currently at 100%.
The Aroon indicator measures the strength of an asset's trend and identifies potential reversal points. When the Aroon Up line is at 100%, it indicates the asset has recently recorded a new high, suggesting strong bullish momentum. If KAITO maintains its rally, it could revisit its all-time high of $2.10.
Conversely, if buying pressure decreases, the price could fall to $1.82.
