The cryptocurrency market has continued its upward momentum, marking another day of gains as bullish sentiment strengthens across multiple assets.
KAITO (KAITO), Sui (SUI), and Clearpool (CPOOL) are some of the assets that have attracted significant investor interest today.
Kaito AI (KAITO)
The newly airdropped token KAITO is a trending altcoin today. It currently trades at $1.78, surging 42% in the past 24 hours.
The altcoin climbed to an intraday high of $1.87, pushing its market capitalization to $458 million during Friday’s early Asian trading hours. While its value has since corrected by 6%, trading activity remains significant.
Over the past 24 hours, about $2.70 billion worth of KAITO tokens have been exchanged among market participants, highlighting significant demand from traders.
If buying pressure remains strong, KAITO could rally to $2.03, its highest price since its launch.
Conversely, if traders commence profit-taking activity, the token’s price could fall to $1.72.
Sui (SUI)
Layer-1 (L1) coin SUI is another altcoin that is trending today. Mirroring the broader market trend, SUI has witnessed a 5% price uptick in the past 24 hours and currently trades at $3.51.
SUI’s positive Balance of Power (BoP) indicator suggests that its rally is fueled by actual demand for the altcoin and not by speculative trades. At press time, this indicator is at 0.46.
The BOP indicator measures the strength of buyers and sellers by analyzing price movements within a given period. When BOP is positive, it signals that buying pressure dominates the market. It indicates bullish momentum and hints at a potential uptrend in the asset’s price.
If this holds true, SUI’s price could revisit its all-time high of $5.35.
However, if demand wanes and distribution begins, SUI’s price could fall to $3.17.
Virtuals Protocol (VIRTUAL)
VIRTUAL, the native token that powers the decentralized platform for the creation and monetization of AI agents, Virtuals Protocol, is also a trending altcoin today. It exchanges hands at $1.29, having recorded a 25% price rally in the past day.
This double-digit price spike is accompanied by a corresponding uptick in trading volume, which has totaled $200 million and climbed 48% within the same period.
When an asset’s price and trading volume surge simultaneously, it signals strong market interest and increased buying pressure. This often indicates bullish momentum and hints at the likelihood of further gains.
If buying pressure remains high, VIRTUAL’s price could rocket toward $3.25.
Converesly, if selloffs resume, the token will lose its recent gains and fall to $0.56.
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Disclaimer
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