Several cryptocurrencies are experiencing a notable level of relief, with some gaining attention by entering the list of altcoins trending today. This surge could be attributed to improved investor sentiment and decreasing selling pressure.

Using data from CoinGecko, BeInCrypto highlights the top trending altcoins, the factors driving their popularity, and what might come next. The top three trending altcoins on October 21 are KOALA AI (KOKO), KLAUS (KLAUS), and Goatseus Maximus (GOAT).

KOALA AI (KOKO) 

KOALA AI, a project that combines the humor of meme coins with the power of Artificial Intelligence (AI), tops the list of trending altcoins today. Inspired by the frog-themed meme coin Pepe (PEPE), KOALA AI is gaining traction due to the growing bullish sentiment around the AI + meme coin narrative that has been dominating the market since last week.

As a result, KOKO’s price has surged by 70% in the last 24 hours, currently trading at $0.0000055. According to the daily chart, the Relative Strength Index (RSI) reading has crossed the overbought level, which is usually above 70.00.

It is also the same with the Money Flow Index (MFI), whose reading has surpassed 80.00. While these positions imply massive buying pressure, they also indicate that profit-taking could soon begin. 

Read more: Best Crypto Exchanges With the Lowest Trading Fees

If that happens, KOKO’s might lose its place as one of the altcoins trending today. In that case, the price could also decline to $0.0000047. However, if bulls keep up the pressure, the altcoin’s value could rise and break above $0.0000060;

KLAUS (KLAUS)

Next on the list is KLAUS, which is also a cryptocurrency with a meme coin narrative behind it. KLAUS is a Go to Source to See Full Article
Author: Victor Olanrewaju