The cryptocurrency market has experienced a surge today, with the total market capitalization (TOTAL) reaching a new high. Bitcoin (BTC), the leading cryptocurrency, also climbed to a new all-time high, further fueling the market’s bullish momentum. 

This surge has propelled several altcoins to new heights, with three cryptocurrencies —Moca Coin (MOCA), DeepBook Protocol (DEEP), and Fartcoin (FARTCOIN) — leading the charge.

Moca Coin (MOCA)

MOCA, the native token of Animoca Brands’ Mocaverse, hit a new all-time high of $0.42 today before experiencing a pullback. Despite this, the token maintains a bullish bias.

The Moving Average Convergence Divergence (MACD) indicator supports this sentiment. Currently, MOCA’s MACD line (blue) is above its signal line (orange), signaling bullish momentum.

The MACD measures the relationship between two moving averages of an asset’s price, using its MACD line, signal line, and a histogram to identify trends and momentum. When the MACD line is above the signal line, it suggests upward momentum, indicating the asset’s price may continue to rise.

If this momentum holds, MOCA’s price could attempt to break resistance at $0.21 and $0.26. Clearing these levels would pave the way for the token to reclaim its all-time high. On the other hand, its price could dip to $0.17 if profit-taking intensifies.

DeepBook Protocol (DEEP)

DeepBook Protocol is a decentralized trading platform that lets its users execute trades directly on-chain. Its native token, DEEP, is another altcoin that climbed to a new all-time high today. The token touched $0.11 during Monday’s early Asian session before shedding some of these gains. As of this writing, the altcoin trades at $0.10 and is still up 16% over the past 24 hours. 

DEEP’s Aroon indicator confirms the strength of its curre

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Author: Abiodun Oladokun