Trending Coins on GeckoTerminal

The cryptocurrency market is undergoing a notable shift. Memecoins, which experienced a significant rally earlier in November, are now showing signs of losing steam.

The cryptocurrency market is seeing a notable shift with memecoins, which saw a significant rally earlier in November, now showing signs of losing steam. At the same time, favorable market conditions and growing investor interest are driving a rally in DeFi tokens. Recent data points to a clear divergence, with memecoins slowing down while DeFi assets continue to trend upward. Meanwhile, tokens across other sectors are printing gains. This article curates the most trending coins on GeckoTerminal.

Trending Coins on GeckoTerminal

The OLAF trading pair on the Raydium platform has shown notable price fluctuations throughout the day, ranging from $0.0015 to $0.0021. Meanwhile, GALA has maintained a relatively stable trading range between $0.0380 and $0.0400. VIRTUAL has experienced notable intraday price swings, while UBC has shown a significant downward trend during the observed period.

Flockerz ($FLOCK), a newly launched meme coin project, is approaching the end of its presale phase. It has raised $3.64 million to date, just shy of its $3.89 million goal. Separately, a massive $15 trillion Bitcoin price wager has helped stabilize a sudden wave of crypto sell-offs.

1. OLAF (OLAF)

The OLAF trading pair on the Raydium platform has experienced significant price volatility, ranging between $0.0015 and $0.0021 over the day. The current price of $0.001685 represents a moderate decline from the day’s high. Moreover, the candlestick patterns on the chart suggest a highly volatile market, with significant price swings in both directions. This indicates substantial buying and selling pressure in the market as traders attempt to capitalize on the rapid price movements.

Additionally, the trading volume has been elevated, particularly during periods of rapid price movement, further underscoring the active participation in the market.

Due to this heightened volatility, traders will likely be focused on managing their risk exposure and identifying potential support and resistance levels to guide their trading decisions. They may employ strategies such as stop-loss orders and position sizing to mitigate the risks associated with the market’s unpredictability.

$OLAF listed on @gate_io ! ❄️https://t.co/e1vyqiCJf6

— Olaf (@Olafonsolana) November 29, 2024

From a technical analysis perspective, the price currently trades above the 20-period moving average, suggesting a potential bullish bias. However, the Relative Strength Index (RSI) is in the neutral zone, not providing a clear signal for the direction of the trend. Consequently, traders may need to exercise caution and closely monitor the market conditions before entering any positions, as the volatility in the market could lead to significant risk exposure.

2. Gala (GALA)

GALA has exhibited a relatively range-bound price movement, oscillating between $0.0380 and $0.0400 daily. The current price of $0.03916 represents a marginal increase from the day’s opening price.

The candlestick patterns on the price chart suggest a consolidation phase, with the price finding support and resistance at various levels. This indicates that buyers and sellers are currently in a state of equilibrium, unable to push the price significantly in either direction. The trading volume has been moderate, further reinforcing the notion of a balanced market sentiment.

In this market environment, traders may be focused on identifying potential breakout or breakdown levels that could signal the next directional move. A breakout above the current range could open the door for a bullish rally, while a breakdown could lead to a bearish downtrend. Careful analysis of the support and resistance levels and the overall market dynamics will be crucial for traders to capitalize on future price movements.

Epic Gala Sweepstakes UPDATE – The free tickets you collect throughout the week will no longer expire with each drawing… so feel free to strategize and maximize your entries!! 😎 Have fun! #web3gaming #GalaGames $GALAhttps://t.co/fG62mG0S6V

— Gala Games (@GoGalaGames) November 27, 2024

From a technical analysis perspective, the price trades slightly above the 20-period moving average, suggesting a potential bullish bias. However, the Relative Strength Index (RSI) is in the neutral zone, not providing a clear signal for the direction of the trend. Consequently, traders may need to wait for a decisive break above or below the current range to identify the next likely price movement and execute their trading strategies accordingly.

3. Virtual Protocol (VIRTUAL)

VIRTUAL has exhibited significant price volatility over the day. The price has ranged between $1.2800 and $1.4200, with the current price of $1.3434 representing a