TOP 3 altcoin with prominent trends today – April 9

The cryptocurrency market continues to be in the red during today’s session, as the total market capitalization fell another 3%. Increased selling pressure led to an increasingly strong wave of position liquidation, pushing investors into a passive position in the face of unpredictable fluctuations and widespread panic sentiment.

Despite this, amidst the gray tones of the market, a few altcoins still stand out and attract significant attention from the investment community. Notably among them are Solidus Ai Tech (AITECH), Hyperliquid (HYPE), and Sonic (S) — names that are currently among the most searched.

Solidus Ai Tech (AITECH)

AITECH – known as the world’s first deflationary artificial intelligence utility token – is emerging as one of the most attention-grabbing altcoins in the market. Currently, this token is trading around $0.019, down 9% in the past 24 hours, reflecting the negative sentiment that is enveloping the entire cryptocurrency market.

! Daily AITECH/USDT chart | Source: TradingViewOn the daily timeframe, the Chaikin Money Flow indicator is (CMF) plummeting, signaling a high probability that the downtrend will continue. At the time of writing, CMF — which measures the inflows of an asset — has fallen below zero, namely -0.33, and is still continuing its downtrend.

The negative CMF value indicates that selling pressure is dominating buying force, implying that investors are gradually losing confidence, which creates resistance against the price. If this trend does not reverse soon, AITECH may continue to adjust towards the support area around $0.014.

However, in a more positive scenario, if market sentiment improves and demand for AITECH rises again, this token has a completely chance to recover to the resistance area of $0.029.

Hyperliquid (HYPE)

HYPE – a coin belonging to Layer-1 (L1) – is emerging as a rare bright spot in the market today. Despite the widespread wave of corrections, HYPE has still recorded an impressive increase of 3% in the past 24 hours, attracting increasing attention from the trading community.

HYPE/USDT Daily Chart | Source: TradingViewThe growth momentum of HYPE is reinforced by the Balance of Power indicator (BoP), which is currently at a positive level of 0.79 - indicating that buying pressure is clearly dominating over selling pressure.

The BoP indicator assesses the level of control of the bulls or bears by comparing price movement and trading volume. When the BoP maintains a positive value, it reflects the dominant strength of the bulls and the potential for the upward trend to continue.

If buying pressure is maintained, HYPE could completely break through the important resistance level at $12.38 and aim for the target price range of $14.66 in the short term.

However, investors also need to be cautious of the profit-taking risk. If selling pressure increases, HYPE could lose its recovery momentum and fall back to the nearest support zone at $9.32.

Sonic (S)

Sonic (S) continues to be one of the altcoins attracting special attention from investors today. The movement of this token is in line with the overall trend of the market as its price has decreased by 5% in the past 24 hours. Notably, the trading volume has also plummeted by 43%, reflecting a cautious sentiment and a clear withdrawal of funds.

! Daily S/USDT chart | Source: TradingView The simultaneous decline in prices and volumes is often a warning signal of a cooling in investment sentiment, and at the same time indicates that the upward momentum is gradually weakening. If this negative trend is not stopped soon, S can completely slide towards the support zone around the $0.31 mark.

However, in a more positive scenario, if demand returns soon, the token could recover strongly, surpassing $0.41 and heading towards the critical resistance zone at $0.48.

You can view the coin price here.

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

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SN_Nour

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