Why These Altcoins Are Trending Today — May 9

The past 24 hours have seen a sharp surge in intraday trading activity across the crypto market, with sentiment turning increasingly bullish. This momentum is reflected in the total market capitalization, which has climbed by over $221 billion. 

With strengthening buying pressure across the market, SAROS, MOODENG, and PEPE are some of today’s most searched assets.

Saros (SAROS)

SAROS is up by a modest 3% today. It is one of the trending altcoins traders are considering today. It currently trades at $0.15, and technical indicators suggest that the altcoin may extend its rally. 

For example, readings from its Moving Average Convergence Divergence (MACD) indicator confirm this bullish outlook. On the daily chart, SAROS’ MACD line (blue) lies above its signal line, indicating a bullish trend. 

Additionally, the histogram bars, which reflect the strength of that momentum, have gradually grown in size over the past few days, reflecting the growing demand for the altcoin.

When an asset’s MACD is set up this way, upward momentum is building, and buyers are gaining control. If accumulation continues, SAROS could revisit its all-time high of $0.17. 

SAROS Price Analysis. Source: TradingView

However, if profit-taking resumes, the token could fall to $0.14.

Moo Deng (MOODENG)

The pygmy hippo-themed meme coin MOODENG is another altcoin trending today. It currently trades at $0.12, a 153% price hike. At its current price, MOODENG exchanges hands at a price level last observed on January 31.

On the daily chart, MOODENG’s Chaikin Money Flow (CMF) is in an upward trend, indicating the climbing demand for the meme coin. It currently stands at 0.22.

This momentum indicator measures money flow into and out of an asset. A positive CMF reading like this signals traders’ preference for MOODENG accumulation. This bullish trend hints at the continuation of the meme coin’s rally.

If buying activity remains high, MOODENG could climb to $0.15.

MOODENG Price Analysis. Source: TradingView

On the other hand, a bearish reversal in the current trend could send MOODENG’s price to $0.09.

Pepe (PEPE)

PEPE is another meme coin that traders are paying attention to today. The frog-themed meme coin has seen its value rocket 32% over the past day. 

During that period, its trading volume has soared by over 290%, highlighting the surge in investor interest and active participation in the market. 

When an asset’s price and trading volume rally simultaneously, it signals strong bullish momentum and growing conviction among traders. The increased volume confirms that PEPE’s price move is backed by real demand rather than speculation.

If this continues, the token’s value could reach $0.000014.

PEPE Price Analysis. Source: TradingView

Conversely, PEPE’s price could drop to $0.000012 if selloffs commence.