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GuShiio.com GuShiio Intelligence Editor: GuShi
In the past 24 hours, the cryptocurrency market has experienced a sharp correction, and the total market value has shrunk by $32 billion. However, in the overall sluggish market environment, some “dark horse” currencies have bucked the trend and attracted high attention from investors. The three most popular currencies that performed well today are Story (IP), Sonic (S) and Bittensor (TAO). Next, let’s take a look at their performance and future potential!
Story (IP): Soaring against the trend, up 20% in 24 hours
Despite the overall market downturn, Story (IP) has shown amazing resilience and has become one of the brightest stars today. On Tuesday, IP topped the market’s gain list, with a single-day increase of more than 20%, far exceeding other mainstream assets. At press time, IP’s price is $2.42, up 20% over the past 24 hours.
From the technical indicators, IP’s strong performance is further verified. Its Chaikin Money Flow (CMF) is shown at 0.20 on the four-hour chart, indicating that capital inflows are accelerating. CMF is an important indicator of capital flow. When its value is above zero, it means that buying activity far exceeds selling and market demand is strong.
If this buying pressure can continue, IP is expected to challenge its all-time high of $3 again. However, if market sentiment reverses and investors begin to sell IP tokens, the price may quickly fall back to $1.44.
Sonic (S): Formerly Fantom, up 10% today
Sonic (S) (formerly Fantom, FTM) is another popular coin that has bucked the trend. In the past 24 hours, S has risen 10% and is currently trading at $0.65, a new high since January 25.
From the S/USD daily chart, S has been trading above an ascending trend line since February 8. This trend line is made up of several gradually rising lows, which is a typical bullish signal, indicating that the market’s buying power continues to increase and there is still potential for further gains in the future.
If demand continues to rise, the price of S may break through to $0.76. However, if the bullish momentum weakens, the price may fall below the trend line and fall back to $0.50.
Bittensor (TAO): The Strong Rise of AI Concept Coins
As an AI-based token, Bittensor (TAO) has become one of the most watched currencies today. Currently, TAO is priced at $398.80, up 9% in the past 24 hours.
Analyzing its long-short power comparison, it can be found that TAO buyers dominate the spot market. This is confirmed by its Elder-Ray indicator – this is the first positive value this week, indicating that the “long” forces in the market have the upper hand. The Elder-Ray indicator is used to measure the power comparison between the long and short sides in the market. A positive value means strong buying, suggesting that TAO may have room for further gains.
If this upward trend continues, TAO is expected to hit a new high of $452.20. However, if market sentiment turns pessimistic, the price may fall back to $355.80.
Summary: “Reversers” in the Market Winter
Despite the overall downturn in the crypto market, “dark horse” currencies such as Story (IP), Sonic (S) and Bittensor (TAO) have shown strong resilience and growth potential. Whether it is the accelerated capital inflow of IP, the rising trend line support of S, or the bullish dominance of TAO, they all provide investors with opportunities worthy of attention.
Of course, investment should be cautious, and market fluctuations may bring risks at any time. For these currencies that rise against the trend, do you choose to enter the market or wait and see for a better time? In any case, please make wise decisions based on your risk tolerance!
