The market is on fire but these 3 altcoins still attract investors.

In the last 24 hours, trading volume in the crypto market has dropped sharply, with the total market capitalization evaporating more than $96 billion. This deep decline reflects increased cautious sentiment from investors, along with the temporary "cooling" of large-scale trading activities.

However, despite the overall difficult situation of the current market, some altcoins like SUI, TON, and VIRTUAL are still attracting strong attention from investors.

Sui (SUI)

Layer-1 SUI is one of the standout names today with a current price hovering around 3.28 USD, falling 6% in the last 24 hours. On the daily chart, the Balance of Power indicator (BoP) being negative indicates that selling pressure is prevailing. As of now, this indicator stands at -0.88.

BoP is an indicator measuring the relative strength between buyers and sellers, helping to identify changes in market momentum. When this index is at a positive level, buying pressure will dominate and may push prices up. Conversely, when BoP is negative, the selling side will prevail and may pull prices down.

If this trend continues, the selling pressure could pull SUI down to the 3 USD mark.

SUI Price Chart | Source: TradingViewHowever, if demand increases significantly, SUI may break through the resistance level of 3.31 USD and move towards the mark of 3.55 USD.

Toncoin (TON)

TON – the altcoin associated with the Telegram platform – is also a prominent name today, although it has fallen nearly 2% in the past 24 hours. At the time of writing, TON is trading at 3.18 USD, reflecting selling pressure from the broader market.

On the daily chart, TON has just broken the 20-day EMA line, indicating a reversal signal as selling pressure begins to surpass buying pressure. This could signal a continued correction phase if buyers do not soon regain control.

If demand continues to weaken, TON may slide down to the 2.99 USD range.

TON price chart | Source: TradingViewConversely, if buying pressure surges again, the price of TON could recover to 3.39 USD.

Virtuals Protocol (VIRTUAL)

In the past 24 hours, although the price of VIRTUAL has fallen by nearly 6%, the daily trading volume has surged by 40%, reaching 350 million USD – indicating that selling pressure is significantly increasing.

The price fall accompanied by a surge in trading volume is often a clear sign of bearish sentiment and strong selling pressure. If no solid support level is established, the price of VIRTUAL may continue to plummet.

In this scenario, VIRTUAL could fall to a level of 1.93 USD.

Price chart of VIRTUAL | Source: TradingViewOn the contrary, if the demand improves, this token may break through the resistance area of 2.07 USD to move towards the target of 2.14 USD.

Itadori