Why These Altcoins Are Trending Today — November 5
Today’s trending coins list includes a major top 10 cryptocurrency alongside two altcoins that made the list just yesterday. While some of these altcoins saw notable gains over the past 24 hours, another experienced a sharp decline.
That said, the altcoins trending today, November 5, include Dogecoin (DOGE), Ethervista (VISTA), and Grass (GRASS).
Dogecoin (DOGE)Dogecoin tops the list of today’s trending coins simply because it has outperformed every other cryptocurrency in the top 10. At press time, DOGE’s price is $0.17, representing a 10% increase in the last 24 hours.
This increase is linked to rising speculation that a win for the US former president could boost Dogecoin’s price. On the technical side, DOGE formed a bullish flag, suggesting that the consolidation period is over and that the price might continue to climb.
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Dogecoin 4-Hour Analysis. Source: TradingView
Should that be the case, then Dogecoin’s price could surpass the local top at $0.18. On the flip side, a breakdown below the $0.15 support might invalidate this prediction. In that scenario, DOGE’s price might drop to $0.12.
Ethervista (VISTA)Yesterday, Ethervista was on the list of trending altcoins. But contrary to its performance on Monday, it is part of today’s trending coins because of a notable rebound.
Over the last 24 hours, VISTA’s price has increased by 15% and currently trades at $47.86. On the 4-hour chart, the altcoins appear to be seeing an increase in buying pressure, indicated by the recently climbed Accumulation/Distribution (A/D) line.
Ethervista 4-Hour Analysis. Source: TradingView
This notable increase suggests that bulls are protecting VISTA’s price from going down again. If this continues, then the altcoin could rise to $61.03. However, if distribution takes over, that prediction could be invalidated, and VISTA might drop to $21.41.
Grass (GRASS)Last on today’s trending coins list is Grass, which has consistently appeared here since its launch on October 28. However, unlike yesterday, the altcoin is not trending because of an increase in price.
Instead, the token has been swinging sideways, suggesting the trader’s indecision. This current condition could be linked to the uncertainty in the market as Bitcoin (BTC) and other top altcoins remain range-bound. From a technical point of view, GRASS bulls need to defend the $1.55 support to prevent a notable decline.
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Grass 1-Hour Analysis. Source: TradingView
If successful, the altcoin’s price might jump to $1.78. On the other hand, a breakdown below this support level could cause a significant correction that could send GRASS down to $1.28.
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