Top Trending Cryptos: Drift, Notcoin, and Grass Make Waves
In the ever-evolving landscape of cryptocurrencies, today’s top trending altcoins include Drift (DRIFT), Notcoin (NOT), and Grass (GRASS). Drift, the governance token of the Solana-based decentralized exchange Drift Protocol, is gaining traction following its recent listing on the South Korean exchange Upbit. The listing, which pairs DRIFT with Bitcoin (BTC), USDT, and the Korean Won (KRW), has led to a staggering 500% surge in trading volume and an 88% increase in price, currently sitting at $0.95. However, technical indicators suggest that DRIFT may be overbought, with a Relative Strength Index (RSI) reading of 77.05, indicating potential for a price retracement to $0.70 unless buying pressure continues to push it higher.
On the other hand, Notcoin (NOT) has not fared as well, experiencing a 16.69% decline in the last 24 hours, bringing its price down to $0.0063. Despite this downturn, Notcoin has formed a falling wedge pattern on the daily chart, which is typically a bullish reversal signal. If the price can hold above $0.0060, there is potential for a rebound towards $0.013. However, a drop below this level could see it fall further to $0.0056, indicating a precarious position for investors.
Grass (GRASS) continues to impress, having appeared on the trending list consistently over the past week. The token, associated with the Decentralized Physical Infrastructure Network (DePIN) project, has surged by 31.81% in the last 24 hours, making it one of the top performers among the top 100 cryptocurrencies. With a positive Moving Average Convergence Divergence (MACD) reading, there is optimism that GRASS could climb above $3.33. However, profit-taking by holders could lead to a decline below $2.50, highlighting the volatility inherent in the crypto market.