President Donald Trump has agreed to postpone the tariffs on Canada and Mexico for another 30 days, leading to renewed trading activity in the crypto market.
As the market bounces back, three altcoins are catching the eye of traders today. Let's take a closer look at these hot altcoins:
1. **Elon4AfD (ELON4AFD)** ELON4AFD is generating buzz as it briefly hit an all-time high of $0.24 during the early Asian trading hours. Despite a 24% correction, investors are still showing interest in this altcoin. The token's Accumulation/Distribution Line is on an upward trajectory, indicating increasing buying pressure and a bullish market sentiment. If this trend continues, ELON4AFD could revisit its peak price. However, a sell-off might push its price down to $0.15 from the current $0.19.
2. **Bittensor (TAO)** Artificial intelligence-based token TAO has surged 12% to reach $355.60 in the past 24 hours. Though the rally is market-driven rather than demand-led, key indicators like the Balance of Power (BoP) point to prevailing selling pressure, suggesting a bearish sentiment. If the downward trend persists, TAO's price could drop to $219.60. Conversely, maintaining the current uptrend could boost its price to $452.20.
3. **Alpha (ALPHA)** ALPHA has surged by a whopping 87%, hitting an all-time high of $0.21 in early trading. Despite a 9% retracement, the high trading volume indicates ongoing buying interest. With trading volume soaring by 288% to $47 million in the last 24 hours, ALPHA shows strong market conviction and potential for further gains. If the momentum holds, ALPHA could surpass its peak price. However, a selloff could bring its price down to $0.16 from the current levels.