Why These Altcoins Are Trending Today — May 12

There has been an uptick in crypto trading activity today, following a breakthrough announcement in global trade relations.

The United States and China have agreed to temporarily reduce tariffs on each other’s goods for 90 days. Amid this renewed risk appetite, several altcoins are gaining attention for their price moves and growing social momentum.

Bertram The Pomeranian (BERT)

Meme coin BERT is a trending asset today. Its price is up 50% over the past day, and it currently trades at a four-month high of $0.035. 

On the daily chart, the token’s Aroon Up Line is at 100%, highlighting the strength of BERT’s current uptrend. 

This indicator measures the strength and direction of an asset’s price trend by tracking the time since the highest and lowest prices over a given period. It comprises two lines: Aroon Up, which measures bullish momentum, and Aroon Down, which tracks bearish pressure. 

When the Aroon Up line is at 100 or near it, the asset has recently reached a new high. This is true of BERT, which now trades at a four-month high. This signals a strong upward momentum and a dominant bullish trend. 

If this continues, BERT’s price could reach $0.036.

BERT Price Analysis. Source: TradingView

On the other hand, if profit-taking commences, its price could break below the support formed at $0.034=3 and fall toward $0.023.

Lumia (LUMIA)

LUMIA is another altcoin trending today. It currently trades at $0.41, having recorded an 8% price increase in the past 24 hours.

Its rising Chaikin Money Flow (CMF) confirms the spike in bullish demand for LUMIA. At press time, this momentum indicator sits above the zero line at 0.16.

The indicator measures the flow of money into and out of an asset. A positive CMF reading like this signals a surge in buying pressure among market participants. It is a bullish indicator that, if sustained, suggests further upside potential.

Therefore, if LUMIA’s rally continues, it could exchange hands at $0.47.

LUMIA Price Analysis. Source: TradingView

However, if the bears regain market control, they could trigger a price dip to $0.37. 

dogwifhat (WIF)

Solana-based meme coin WIF is another altcoin trending today. It trades at $1.18, witnessing a 35% price surge today.

During the review period, its trading volume is up 100% and exceeds $1 billion. When an asset’s price and trading volume surge simultaneously, it indicates strong investor interest and market conviction. 

This suggests that the WIF’s price movement is backed by substantial liquidity, making it more likely to continue. In this case, the meme coin could rally to $1.37.

WIF Price Analysis. Source: TradingView

Conversely, WIF’s price could fall to $1.05 if selloffs resume.