Top Altcoins Gaining Attention Amid Market Dip – March 14

The cryptocurrency market has recently reversed its recovery, entering a downward trend. As trading volumes decline, the total market capitalization has dropped by $40 billion within the last 24 hours.

Despite this overarching decline, several tokens have caught the interest of investors. Notables include Orbiter Finance (OBT), Mantra (OM), and Sei (SEI).

Orbiter Finance (OBT)

OBT stands out today as one of the trending altcoins, showcasing resiliency against the overall market decline. While many coins are experiencing downturns, OBT has surged, reaching a peak of $0.033 during early Asian trading hours last Friday. Although it has experienced a slight retracement since then, demand for OBT remains robust.

The Directional Movement Index (DMI) reinforces the surge in OBT's demand. As of now, the positive directional index (blue) significantly outweighs the negative directional index (red), suggesting that buying pressure has overshadowed selling pressure among traders. If bullish sentiment persists, OBT may not only regain its peak but could potentially rise above it.

On the contrary, should sell-offs commence, the price could retract to $0.021.

Mantra (OM)

Another altcoin of interest today is Mantra's OM. Currently, its price has dipped by 3%, aligning with the general market decline. OM is trading at $6.24.

An analysis of the daily chart reveals a negative Balance of Power (BoP) of -0.45, indicating diminishing demand for the token. The BoP metric gauges buyer versus seller strengths; a negative score implies sellers are asserting control, signaling increased selling pressure that may lead to further declines in OM's value.

If selling pressures prevail, OM could potentially drop to $4.05.

Alternatively, if buying activity resurfaces, it may push OM toward its all-time high of $9.11.

Sei (SEI)

Lastly, Sei (SEI) has risen by 6% over the past day, currently priced at $0.20. During this timeframe, its trading volume has increased by 13%, amounting to $117 million. This indicates sustained demand for SEI despite the prevailing market dip.

If this demand continues to strengthen, SEI could potentially rally up to $0.25.