TOP 3 altcoins with prominent trends today – September 16

Pump.fun (PUMP), Aerodrome Finance (AERO) and World Liberty Financial (WLFI) stand out in the TOP cryptocurrencies with the strongest growth in the last 24 hours, despite the severe volatility ahead of the announcement of the Consumer Price Index (CPI) of America. During the same period, the market witnessed over 400 million USD in positions being liquidated, reflecting an increasing level of risk.

However, the technical signals indicate that this group of tokens still maintains an upward trend, opening up the possibility of further expanding the growth momentum.

Pump.fun temporarily pauses after reaching a historical peak

As of the time of writing (Tuesday), Pump.fun (PUMP) has decreased by more than 1%, closing a seven-day consecutive increase. The token of this meme coin creation platform has just entered an unprecedented price range, after setting a historical peak at 0.008980 USD on Sunday.

The current adjustment is seen as a test of the Fibonacci extension level 1.272 at 0.009314 USD – a threshold calculated from the downward trend connecting the peak of 0.006882 USD on July 15 and the bottom of 0.002262 USD on July 29. If PUMP can close steadily above this range, the upward momentum is likely to extend to the Fibonacci level 1.618 at 0.013687 USD.

altcoin-noi-batDaily PUMP/USDT Chart | Source: TradingViewTechnical indicators continue to support the optimistic trend. On the daily timeframe, the Relative Strength Index (RSI) remains in the overbought zone at 84, while the MACD along with the signal line continues to rise, accompanied by a series of consecutive green histograms – indicating that buying pressure is still clearly dominating.

However, in the reverse scenario, if the PUMP fails before the 0.009314 USD range, the price may turn around and adjust to the 0.006882 USD mark, corresponding to the peak set on July 15.

Aerodrome Finance bounces off the 50-day EMA, aiming for higher levels

Aerodrome Finance (AERO) is trading around the 1.3 USD level, recovering strongly from the daily low of 1.273 USD. The token of this decentralized exchange (DEX) has increased by 8% since the beginning of the week, while bouncing back from the 50-day exponential moving average (EMA) at 1.144 USD and the central pivot zone at 1.147 USD.

In the short term, AERO's next target is located at the 78.6% Fibonacci retracement level at 1.485 USD, calculated from the peak of 2.334 USD ( 12/12) to the bottom of 0.282 USD ( 7/4).

Daily AERO/USDT Chart | Source: TradingViewTechnical signals are supporting an uptrend: the MACD line along with the signal line of the MACD indicator has just crossed back above the 0 level after the crossover last Friday, indicating that bullish momentum is strengthening. The RSI is currently at 57, maintaining above the neutral level and still has room to enter the overbought zone.

However, if AERO does not hold strong at the 61.8% Fibonacci retracement level at 1.041 USD, the adjustment pressure may pull the price back to test the 200-day EMA around 0.935 USD.

World Liberty Financial recovers in a triangle pattern

Token World Liberty Financial (WLFI), backed by President America Donald Trump, is recording an increase of over 2% at the time of writing, continuing an upward trend of more than 3% in the first session of the week. This short-term recovery opens up signals for a potential bullish cycle in the symmetrical triangle pattern on the 4-hour chart, with still some gap between the current price and the upper resistance zone.

If WLFI can decisively break through the pivot axis R1, coinciding with the resistance line at 0.2389 USD, the uptrend will be confirmed, with the next target towards the pivot axis R2 at 0.2673 USD.

WLFI/USDT chart on the 4-hour timeframe | Source: TradingViewHowever, the MACD line is still hesitant below the signal line, reflecting a tug-of-war in the effort to take control of the trend by the bulls. At the same time, the RSI has bounced back to 56 from the neutral zone, indicating that buying pressure is gradually strengthening.

Conversely, if WLFI loses the support zone – currently moving close to the 50-period EMA at 0.2114 USD – this token could return to test the psychological level of 0.20 USD, before facing the pivot S1 at 0.1839 USD.

SN_Nour

PUMP-0.53%
AERO2.79%
WLFI-1.22%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)