Why These Altcoins Are Trending Today — May 14

The crypto market has seen an uptick in trading activity today, with the total market capitalization climbing by over $45 billion in the past 24 hours. This trend signals growing investor interest in riskier assets.

Among the top trending tokens capturing attention today are Grass (GRASS), Sudeng (HIPPO), and Walrus (WAL).

Grass (GRASS)

GRASS is up 36% today, and it currently trades at a two-month high of $2.26. On the daily chart, readings from its Chaikin Money Flow (CMF) show a spike in demand for the altcoin.

The momentum indicator currently stands at 0.09 and is in an uptrend, reflecting the market’s buying activity. The CMF indicator measures how money flows into and out of an asset.

A positive CMF reading like this indicates strong buying pressure and suggests that capital flows into the asset. This signals bullish sentiment and potential for continued upward price movements for GRASS.

If this happens, it could climb to $2.35.

GRASS Price Analysis. Source: TradingView

However, if selling pressure gains dominance, GRASS could shed recent gains and fall to $2.19.

Sudeng (HIPPO)

Sui-based meme coin HIPPO is one of today’s trending altcoins. Its price is up 38%, and it exchanges hands at $0.0049 at press time.

Over the past day, HIPPO’s trading volume has soared by 50%, totaling $65 million. When an asset’s price and trading volume climb simultaneously, it indicates strong market conviction behind the price move. This signals that HIPPO’s rally is backed by genuine investor interest and may continue in the same direction.

In this case, the meme coin’s price could reach $0.0067.

HIPPO Price Analysis. Source: TradingView

On the other hand, if selloffs resume, HIPPO’s price could drop to $0.0039.

Walrus (WAL)

WAL trades at $0.73, climbing 13% today. It is also one of today’s trending altcoins. Its rising Relative Strength Index (RSI) confirms the demand for the altcoin among market participants. At press time, it is at 65.51.

The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.

At 65.51, WAL has more room to extend its price gains before being overbought. In this case, it could rally to $0.77.

WAL Price Analysis. Source: TradingView

Conversely, a decline in buying activity could cause WAL to decline to $0.69.