Why are these altcoins trending on March 20?

The crypto market has seen a significant surge in trading activity over the past 24 hours, with a total market capitalization increase of 97 billion dollars.

This liquidity has attracted interest in several altcoins, among which KOMA, EPIC, and KEKIUS are the most sought-after assets today.

Koma Inu (KOMA)

Koma Inu (KOMA), a dog-themed memecoin, is one of the standout assets today. At the time of writing, the price of KOMA is $0.04, up 19% in the past day.

On the daily chart, the Aroon Up line of KOMA reached 100%, indicating that the current upward trend is very strong. The Aroon indicator measures the strength of price movement.

When the Up line reaches 100% or close to this level, the asset has just reached a new high and the upward momentum is very strong. This confirms the bullish trend of KOMA, with buyers in control.

If demand continues to be strong, KOMA may extend its increase and reach $0.051

Price analysis of KOMA | Source: TradingViewHowever, if there is profit-taking activity, the price of this memecoin could slide down to $0.035.

Epic Chain (EPIC)

The Layer-2 token EPIC is another notable altcoin today. It has gone against the overall market trend, recording a 2% decrease in the past 24 hours.

During that time, the trading volume also decreased by 18%, reflecting weak activity.

On the one-day chart, the Relative Strength Index (RSI) of EPIC is below the neutral line of 50, at a level of 39.92. This momentum indicator measures the overbought and oversold conditions of an asset.

The RSI oscillates from 0 to 100, with values above 70 indicating that the asset is overbought and at risk of a price drop. Conversely, values below 30 indicate that the asset is oversold and may recover.

With a level of 39.92, the RSI of EPIC indicates that selling pressure exceeds buying activity and it may decline further before becoming oversold and ready to rebound. In this case, the price of EPIC risks dropping to $1.09.

EPIC price analysis | Source: TradingViewOn the other hand, a bullish reversal could push the layer 2 token up to $1.71.

Kekius Maximus (KEKIUS)

KEKIUS has surged 67% in the past 24 hours, catching the attention of traders. In the early trading session in Asia on Thursday, this token reached a two-month high of $0.037.

Although it has since made a slight adjustment and is trading at $0.026 at the time of writing, the bullish pressure remains strong. The balance of power index (BoP) positive reflects strong buying pressure. As of now, the BoP is at 0.58.

This indicator measures the strength of buying pressure compared to selling pressure in the market. When the BoP increases, it signals that the upward price control is strengthening, indicating that buyers are gaining the upper hand and the asset may continue its upward trend.

If this trend continues, KEKIUS could rise to $0.083.

KEKIUS price analysis | Source: Gecko TerminalHowever, a downward reversal could cause this altcoin to drop to $0.008.

You can check the coin price here.

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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Dinh Dinh

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