On this day, October 18, a number of altcoins are experiencing slight price gains, indicating that many may wrap up the week on a high note. Notably, while some tokens have maintained their positions, today’s trending altcoins are not all showing the same results.
The top performers for today include Solidus Ai Tech (AITECH), Turbo (TURBO), and Dog Food Token (OISHII). Here’s an overview of why these altcoins are in the spotlight and what might be ahead for their prices.
Solidus Ai Tech (AITECH)
AITECH has been one of the leading trending altcoins for two days in a row. Previously, BeInCrypto indicated that AITECH’s price could see a small drop. At the time of writing, the price has decreased by 3% in the past 24 hours.
Looking at the daily chart, this altcoin has dipped below the 20-day Exponential Moving Average (EMA). Normally, when a cryptocurrency’s price surpasses this indicator (highlighted in blue), it supports the possibility of an uptrend.
However, a decline suggests otherwise. Consequently, AITECH’s value faces the risk of a further drop. Additionally, the token is currently near the 50 EMA (shown in yellow), implying a potential downturn to $0.082.
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Nevertheless, should the bulls manage to push the price above the 20 EMA, AITECH might rebound and rise to $0.12.
Turbo (TURBO)
Turbo’s rise as one of the trending altcoins marks its third straight day in the spotlight, driven by growing investor enthusiasm. In the last 30 days, TURBO’s price has doubled, making this AI-themed meme coin a significant token to monitor.
However, it has seen a 5% dip over the past 24 hours. The daily chart indicates that buyers are defending the $0.10 support level, preventing a potential decline. If this support holds, TURBO could rebound and target $0.015, representing a 47% potential increase.
Conversely, if bearish pressure prevails, the altcoin may struggle to achieve these gains, possibly falling to $0.0079.
Dog Food Token (OISHII)
Among the altcoins making headlines today, Dog Food Token stands out with a remarkable price increase over the last 24 hours. In that timeframe, OISHII, which runs on Ethereum, saw an incredible 565% surge in its price.
This astounding growth is the primary reason it is trending. Analyzing the daily OISHII/WETH pair, the Awesome Oscillator (AO), which compares past price movements to recent trends, indicates a positive reading. This suggests increasing momentum with OISHII, even following such a significant rise.
If the bullish momentum persists and buying interest continues to grow, OISHII’s price could surpass resistance at $0.14. Should this happen, the altcoin might rally further to reach $0.18.
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If profit-taking rises, this forecast may be challenged, leading OISHII’s price to decline to $0.084 or even as low as $0.054 in a particularly bearish scenario.
Disclaimer
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