Back

Why These Altcoins Are Trending Today — February 12

12 February 2025 14:30 UTC
Trusted
  • B3 token continues its bullish trend, rising 162% in 24 hours, with strong buying pressure and resistance at $0.012.
  • Solayer's LAYER token faces selling pressure post-genesis airdrop but could rebound above $1.13 if buying activity picks up.
  • BERA drops 8.4% amid market challenges, with a neutral RSI suggesting potential for downward momentum or a reversal.
Promo

Trading activity across the crypto market has once again slowed over the past 24 hours. This has contributed to a significant decline in the total market capitalization, which has dropped by over $50 billion. 

Amid this downturn, some altcoins have noted rallies, drawing attention from traders and investors.

B3 (Base)

Sponsored

The newly launched B3 token is one of the most talked-about altcoins today. Its rally has extended by another 162% in the past 24 hours. 

The setup of its Directional Movement Index (DMI) on a four-hour chart shows that buying pressure exceeds selling activity among B3 traders. At press time, its positive directional index (+DI) (blue) rests above its negative directional index (-DI) (orange). 

The DMI measures the strength of a trend by comparing the price movements in an upward direction (+DI) and downward direction (-DI). When an asset’s +DI is above its -DI, it suggests that the prevailing market trend is bullish, with upward price movement gaining strength.

If B3’s uptrend strengthens, its price could break above the resistance at $0.016 and attempt to revisit its all-time high of $0.019.

B3 Price Analysis
B3 Price Analysis. Source: Gecko Terminal

However, its price could slip to $0.011 if bearish trends gain momentum. 

Sponsored

Solayer (LAYER)

Solayer is a re-staking protocol built within Solana. Its native token, LAYER, is a trending altcoin today because of its just-concluded genesis airdrop conducted on Tuesday. 

According to the project, the genesis drop will grant immediate access to tokens for the initial claimants. Following this, users can claim additional tokens over the next six months through a mechanism known as “Epochs.”

However, with some token recipients selling their holdings, LAYER is under slight downward pressure. Its value has declined by 4.21% over the past 24 hours. At press time, the altcoin trades at $1.12.

Sponsored

If token selloffs continue, LAYER will extend this price drop and trade below $1 at $0.92.

LAYER Price Analysis
LAYER Price Analysis. Source: Gecko Terminal

On the other hand, if selling activity is reduced and buying pressure spikes, this bearish projection will be invalidated. In that case, LAYER’s price could break above $1.13 to trade at $1.21.

Berachain (BERA)

Since its launch, Berachain’s BERA has had a lackluster performance, struggling to gain momentum amid challenging market conditions. Currently trading at $5.49, it has experienced an 8.4% decline in price over the past 24 hours.

Sponsored

At press time, BERA’s Relative Strength Index (RSI), assessed on a four-hour chart, is below the 50-neutral line at 39.48. This momentum indicator measures an asset’s oversold and overbought market conditions.

At 39.48, BERA’s RSI indicates that the altcoin is in a neutral to slightly oversold condition, suggesting potential for downward momentum or an eventual price reversal if the trend weakens further.

Sponsored

If the downtrend continues, BERA could trade at $3.93.

BERA Price Analysis.
BERA Price Analysis. Source: TradingView

However, if it witnesses a bullish reversal, its price could rally to $8.11.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.