Why These Altcoins Are Trending Today — April 23

18h ago•

bullish:

bearish:

The crypto market is witnessing a major rebound today, with total market capitalization surging by nearly $178 billion in the past 24 hours.

This has sparked a growth in trading activity across the board, sending several altcoins into the spotlight. Among the top altcoins drawing investor attention today are Stafi (FIS), Zerebro (ZEREBRO), and Virtuals Protocol (VIRTUAL)

Stafi (FIS)

The FIS token is one of the most searched altcoins today. It currently trades at $0.17, noting a 26% price rally over the past day.

Today, its trading volume is up by over 1,700%, and currently totals $96 million. When an asset price and trading volume climb like this, it signals strong market interest and momentum behind the rally.

The surge in volume confirms that FIS’s surge is backed by genuine buying activity rather than low-liquidity fluctuations. If trading activity strengthens, FIS could extend its spike and climb to $0.20.

FIS Price Analysis. Source: TradingView

Conversely, if traders resume profit-taking, the altcoin’s value could lose recent gains and plunge to $0.12.

Zerebro (ZEREBRO)

ZEREBRO has risen by 163% in the past 24 hours. At press time, the altcoin trades at $0.073, a price high last observed on March 4.

However, readings from its Relative Strength Index (RSI) indicate that ZEREBRO is overbought and could witness a price pullback in the near term. At press time, this key momentum indicator, which measures an asset’s overbought and oversold market conditions, is at 84.89.

The RSI ranges between 0 and 100, with values above 70 indicating that the asset is overbought and due for a correction. Conversely, values below 30 indicate that it is oversold and may experience a rebound.

ZEREBRO’s RSI reading signals that it might be overbought, and could witness a dip once buyer exhaustion manifests. In this scenario, the altcoin’s price can fall to $0.019.

ZEREBRO Price Analysis. Source: TradingView

On the other hand, if buying pressure strengthens, ZEREBRO could reach $0.10.

Virtuals Protocol (VIRTUAL)

VIRTUAL, the native token that powers the decentralized platform for the creation and monetization of AI agents, Virtuals Protocol, is another trending asset today. Its price is up 34% over the past day, and it currently trades at $0.77.

On the daily chart, VIRTUAL’s Chaikin Money Flow (CMF) is trending upward and currently sits above the zero line at 0.09, signaling strong buying pressure. A CMF value above zero indicates that accumulation outweighs distribution, meaning more traders are buying more VIRTUAL tokens rather than selling them.

If this persists, VIRTUAL could climb further to reach $0.96.