MANTRA (OM), PAIN (PAIN), Shadow (SHADOW) Are Trending Altcoins Today: Here's Why

After a few days of broad decline, the crypto market is showing signs of recovery, with the total market cap rising by $58 billion in the past 24 hours.

After a few days of broad decline, the crypto market is showing signs of recovery, with the total market cap rising by $58 billion in the past 24 hours.

Amid this rebound, several altcoins are drawing significant attention due to ecosystem updates and notable price movements. Here is a closer look at today’s trending tokens.

PAIN (PAIN)

The newly launched Solana-meme coin PAIN has become a hot topic in the crypto community. Launched on May 25, PAIN has made a strong debut, grabbing investors’ attention with a market capitalization of $168 million within 17 hours of its launch, with a trading volume of $93 million.

However, PAIN’s price performance has taken a downturn in the past 24 hours, with the meme coin trading at $16.99, having declined 10% in price.

Its falling Relative Strength Index (RSI) on the hourly chart confirms the dropping demand for PAIN. It is in a downward trend at 56.87.

An RSI reading of 56 indicates moderate bullish momentum, but its decline suggests weakening buying pressure. If the downtrend continues, it could signal a shift toward neutral or bearish territory.

If this decline continues, PAIN’s price could drop to $5.74. On the other hand, if demand climbs, its price could touch $57.13