TOP 3 altcoins with prominent trends today – April 23

The cryptocurrency market is witnessing a strong recovery wave in the past 24 hours, as the total market capitalization unexpectedly surged by an additional 178 billion USD – a figure that indicates the robust return of capital.

This dynamic development has ignited widespread trading enthusiasm, pushing a series of altcoins into the spotlight. Among them, names like Stafi (FIS), Zerebro (ZEREBRO), and Virtuals Protocol (VIRTUAL) are attracting special attention from investors due to their impressive performance and outstanding growth potential.

Stafi (FIS)

FIS is currently emerging as one of the most sought-after altcoins of the day. This coin is trading around the $0.17 mark, soaring 26% in just the past 24 hours.

The trading volume of FIS also witnessed a remarkable breakthrough, increasing by over 1,700% compared to the previous day, reaching 96 million USD. The fact that both price and volume are rising sharply indicates that buying pressure is overwhelming, while also reinforcing the belief that this upward trend is not just temporary but has a solid foundation.

FIS/USDT Daily Chart | Source: TradingViewThe surge in volume is a clear sign that investors are genuinely putting money into FIS, rather than just experiencing short-term fluctuations due to low liquidity. If buying pressure continues to be sustained, FIS has a strong potential to conquer the $0.20 level in the near future.

However, if profit-taking pressure increases, the price of FIS may reverse and fall back to the support area around $0.12, erasing most of the recent growth.

Zerebro (ZEREBRO)

ZEREBRO recorded an impressive increase of up to 163% within just 24 hours, rising to trade at $0.073 – the highest price since March 4th.

However, according to technical indicators, this strong upward momentum may soon come to a halt. The Relative Strength Index (RSI) – a tool for measuring the level of overbought or oversold of an asset – is currently at 84.89, indicating that ZEREBRO is deep in the overbought territory.

! altcoin-noi-batDaily ZEREBRO/USDT chart | Source: TradingViewTypically, RSI fluctuates between 0 and 100; When the index crosses the 70 level, the asset is at risk of correction due to increased profit-taking pressure. Conversely, the RSI below 30 reflects an oversold and potential for recovery.

With the current high RSI level, ZEREBRO is likely to face a short-term correction. If buying momentum weakens, this altcoin could drop to the support area around the $0.019 mark.

However, in a more positive scenario, if the buying power continues to be maintained and strengthened, ZEREBRO could very well approach the important psychological milestone of $0.10.

Virtuals Protocol (VIRTUAL)

VIRTUAL – the foundational token of the Virtuals Protocol, a decentralized ecosystem specialized in the creation and commercialization of AI agents – is attracting significant attention in the market today. In the past 24 hours, the price of VIRTUAL has impressively surged by 34%, currently trading around $0.77.

VIRTUAL/USDT Daily Chart | Source: TradingView According to the observation from the daily chart, the Chaikin Money Flow (CMF) of VIRTUAL is showing a clear positive signal as it surpasses the 0 threshold and reaches a level of 0.09 – a reading indicating that buying pressure is dominant. A consistently positive CMF usually reflects strong accumulation activity, suggesting that investors are leaning more towards accumulation rather than selling.

If this upward momentum continues, VIRTUAL has the potential to expand its increase and aim for the next resistance level at $0.96.

However, negative scenarios also need to be considered. In the event that the market experiences profit-taking pressure or a wave of selling, the price of VIRTUAL could pull back to the support level around $0.41.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do thorough research before making decisions. We are not responsible for your investment decisions.

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