In the past 24 hours, the cryptocurrency market has witnessed a wave of active trading, clearly reflecting a positive shift in investor sentiment. This excitement is evidenced by an impressive increase of over $221 billion in total market capitalization.
In the context of widespread buying pressure, names like SAROS, MOODENG, and PEPE are becoming the center of attention, continuously making it onto the list of most sought-after assets of the day.
Saros (SAROS)
SAROS has recorded a slight increase of 3% in the past 24 hours, becoming one of the altcoins attracting significant attention from investors. This token is currently trading around $0.15, and technical signals suggest that the bullish trend may not be over yet.
Specifically, the MACD indicator – a popular momentum analysis tool – is reinforcing the bullish scenario. On the daily timeframe, the MACD line (blue) has crossed above the signal line, a typical sign indicating that a bullish trend is forming clearly.
Notably, the histogram bars – representing the strength of momentum – are also expanding in recent sessions, indicating that demand for SAROS is increasing.
When the MACD chart shows such a setup, it is often a sign that the buyers are in control of the market. If the accumulation phase continues, SAROS could very well return to its historical peak of $0.17 in the near future.
However, the possibility of a short-term correction cannot be ruled out if profit-taking pressure increases. In that scenario, the nearest support threshold is around $0.14.
Moo Deng (MOODENG)
MOODENG – a meme coin featuring a pygmy hippopotamus – is making headlines in the altcoin market today with an impressive increase. The price of this coin is currently at $0.12, equivalent to a rise of over 153%, bringing MOODENG back to the price range established on January 31.
On the daily chart, the Chaikin Money Flow (CMF) indicator is maintaining an upward trend, currently at 0.22 – a clear sign that buying pressure is increasing. CMF is a tool that measures the flow of money into and out of an asset, and when this metric is above 0, it indicates that investors are in an accumulation phase.
With positive cash flow signals and strong bullish momentum, MOODENG has the potential to continue climbing, aiming for the next resistance level around $0.15. However, if selling pressure appears and reverses the current trend, the nearest support area is identified around $0.09.
Pepe (PEPE)
PEPE – a meme coin inspired by the famous Internet frog – is also becoming the center of attention for investors today as it records a price increase of up to 32% within just 24 hours.
Along with the impressive price increase, the trading volume of PEPE has also surged over 290%, reflecting a strong influx from new capital and growing interest from the investor community.
When both price and trading volume rise together, it is often an indicator of a sustainable bullish trend – simultaneously confirming that buying pressure is coming from real demand rather than mere short-term speculation.
If this momentum is maintained, PEPE has the potential to reach the level of $0.000014. However, if the market experiences profit-taking pressure or widespread panic selling, the nearest support level may be around $0.000012.
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