Altcoins Buck Market Trend: VANA Surges 46%, S Plummets 17%, TRUMP Rebounds

The cryptocurrency market continues to face downward pressure, with most assets experiencing a decline. However, some altcoins have managed to capture investors' attention, bucking the broader market trend. Vana (VANA), Sonic (S), and Official Trump (TRUMP) are among the most searched altcoins today.

Vana (VANA) has seen a significant uptick of 46% over the past 24 hours, defying the overall market downturn. This rally comes on the heels of an undisclosed investment in Vana, a crypto-AI startup focused on data ownership, by YZi Labs (formerly Binance Labs). As part of the deal, Binance co-founder Changpeng "CZ" Zhao has joined Vana as an advisor. At press time, VANA trades at $8.78, with a trading volume of $639 million, indicating strong demand for the altcoin. If the rally continues, VANA's price could reach $10.77. However, profit-taking activity could also lead to a decline to $7.77.

Sonic (S), previously known as FTM, is another altcoin trending today. Its price has fallen by 17% in the past 24 hours, mirroring the general market decline. The plummeting buying pressure, as indicated by the declining on-balance volume (OBV), suggests that selling pressure outweighs buying pressure. If selloffs continue to strengthen, S' price could fall to $0.59. However, a bullish shift in market trend could invalidate this bearish projection, potentially pushing S' price to $0.76 and above the $0.90 price level.

Solana-based meme coin TRUMP is one of the most searched altcoins today, trading at $12.78 with a 14% decline in the past 24 hours. Having lost 55% of its value over the past month, TRUMP's Relative Strength Index (RSI) suggests that it might be poised for a rebound. If buyers step in, they could trigger a rebound and push TRUMP's price up toward $18.07. However, if the decline persists, the meme coin's price could fall below $12.