Why This Altcoin Is Trending Today – November 27th

In the past 24 hours, several crypto assets tried to recover from recent losses, fueling renewed interest in several altcoins. Among the most fashionable altcoins today is a new fund whose project has just launched the altcoin Mainnet and which is quickly gaining attention in the market.

In particular, the other two, according to CoinGecko, include a popular altcoin with a lot of market interest and a privacy-oriented cryptocurrency.

Vector Smart Gas (VSG)

Vector Smart Gas is a recently launched layer-1 network on the Ethereum blockchain focused on Decentralized Finance (DeFi) and Real World Asset tokens (RWAs). Its native token, VSG, is one of the trendiest altcoins today, mainly due to its price increase.

In the last 24 hours, the price of VSG rose 49% and cumulatively 550% in the last seven days. This development is also possible related assuming these signs are moving on TikTok – demand is growing.

At the time of publication, the price of VSG was 0.0044 US dollars. In addition, the daily chart shows that the moving average moving average (MACD) is positive, indicating that the trend around the altcoin is still bullish.

If this remains the case, the price of VSG may rise even higher. However, if the trend changes for good, that may not be the case. On the other hand, the value of the Altcoin could fall to the support of $0.0018.

Tornado Currency (TORN)

As mentioned above, Tornado Cash is a privacy-focused cryptocurrency that is part of today’s trending altcoins. But more than that, Tornado Cash is performing great effect after a US appeals court ruled against the Treasury Department.

As a result, the price of TORN increased by 396% in the last 24 hours. At the time of writing, the price is US $17.86. According to the daily chart, the volume around this crypto is also increasing, showing a wide interest in this token.

As the volume increases, Altcoin price The exchange rate of 39.41 US dollars could increase against the US dollar. However, if cryptocurrency holders take profits, this could change, and the altcoin could fall to US $12.24.

Solana (Sun)

Last on the list is Solana, one of the best performing altcoins of last year. However, unlike TORN and VSG, SOL does not move as its price rises. In fact, token value this is about US$235 in the last 24 hours.

On the daily chart, the Parabolic Stop And Reverse (SAR) indicator has risen above the SOL price. Parabolic SAR is a technical indicator that finds support and resistance.

When the price is above the mark, there is strong support, and the price can rise. However, since it is lower than that, Solana’s price is contradictory. If this continues to happen, SOL could fall to US $219.63.

On the other hand, if altcoins see more buying pressure, the trend may reverse. In this case, SOL can rise bought for 264.33 US dollars.