Top Trending Altcoins Today — March 13

The cryptocurrency market continues to experience a surge in trading activity, with an upward trend in overall market capitalization. As positive investor sentiment grows, various altcoins are gaining attention from traders and analysts alike.

Today's spotlight is on three trending altcoins: Neiro (NEIRO), RedStone (RED), and Sui (SUI).

Neiro (NEIRO)

NEIRO has emerged as a notable contender, witnessing a 6% increase as the broader market recovers over the past 24 hours. The asset's rising Relative Strength Index (RSI) on the four-hour chart indicates a growing buying interest. Currently, this key momentum indicator sits above the neutral line at 50, suggesting a bullish trend.

A RSI value exceeding 50 implies stronger buying momentum compared to selling pressure, hinting at the possibility of NEIRO extending its ascent to $0.00031. However, should bearish sentiment resurface, a downturn could occur, potentially dropping to $0.000018.

RedStone (RED)

RED is trending today primarily due to its recent listing on the popular exchange Coinbase, showing a significant price increase of 18%, now trading at $0.58. The hourly chart indicates a rising Accumulation/Distribution (A/D) line, highlighting increasing demand among market participants.

This indicator reflects the total flow of money into or out of the asset, and a climbing A/D line suggests that buying pressure is outpacing selling pressure, which points to robust demand for RED. Should this trend continue, the price could rise to $0.64, potentially moving higher to $0.71 if a solid support level is established.

In contrast, should the market sentiment shift towards bearishness, RED may experience a correction, potentially dropping below $0.55.

Sui (SUI)

SUI, a Layer-1 cryptocurrency, is also making headlines today, currently priced at $2.302 after a slight increase of 1% in the last 24 hours. The asset is benefiting from the positive momentum in the overall market.

As of this moment, SUI's Chaikin Money Flow (CMF) is at 0.06, indicating that buying pressure currently outweighs selling pressure, which suggests an ongoing accumulation phase and indicates potential for further price appreciation.

If demand escalates, SUI's price could aim for a rally to $3. However, if selling activity returns, SUI may decline to $2.10, negating its recent gains.