Trending Coins for February 16, 2025: ULTIMA, GLM, LTC, ID, and XCN

The altcoin market is gradually gaining momentum. This can be seen as altcoins are attracting significant traction at a time when Bitcoin isn’t performing well. Ultima is leading the trend, while other coins, such as Golem and Litecoin, take the second and third positions, respectively, on this week’s list of trending coins. Let’s take a deeper dive into each of these coins below.

Ultima (ULTIMA)

Major Bias: Bullish

The Ultima token has seen a 2.10% price increase in the past 24 hours, while its market capitalization stood at $842.99M and its trading volume was $20.84M at the time of writing. This performance was enough to secure the token the top spot on this week’s list of trending coins.

Price action in this market continues to rise from one high to another. Additionally, price action is already positioned above all the Moving Average (MA) lines. The ongoing session remains bullish, suggesting that upside momentum is still in play. Likewise, the Stochastic Relative Strength Index (RSI) lines are progressing upward and have now reached the 50 level. However, price action may still advance toward the $24,000 mark.

Current Price: $22,410

Market Capitalization: $842.99M

Trading Volume: $20.84M

7-Day Gain/Loss: 2.10%

Golem (GLM)

Major Bias: Bullish

The Golem coin takes the second spot on this week’s list of trending coins. The token has seen a 35.24% price increase in the past 24 hours and a 41.46% gain over the past 7 days. This coin has a market capitalization of $355.26M with a trading volume of $514.75M, securing its second-place position among trending coins.

The ongoing session has recorded substantial bullish gains. The corresponding price candle appears strong and bullish, with only a moderate downward retracement, as indicated by the upper shadow of the candle. Nevertheless, the token remains above most of the MA lines. Additionally, the Stochastic RSI lines are maintaining an upward trajectory despite a slight convergence. As a result, the market may continue heading toward the $0.4000 threshold.

Current Price: 0.3478

Market Capitalization: $355.26M

Trading Volume: $514.75M

7-Day Gain/Loss: 41.46%

Litecoin (LTC)

Major Bias: Bearish

The third coin on the list is Litecoin. This token has recorded a 4.34% price decline in the past 24 hours but has gained 19.99% over the past 7 days. It has a market capitalization of $9.68B with a trading volume of $1.45B.

Meanwhile, the token’s price chart reveals that price action has resurfaced above a key psychological price level of $120. However, the ongoing session has seen a downward retracement, yet the price remains above the $120 mark and all the MA lines on the chart. Additionally, the Stochastic RSI has formed an upside crossover following a brief dip. The indicator’s lines are now moving sideways above the 80 mark. As a result, price action in this market has the potential to extend upward corrections toward the $140 mark.

Current Price: $127

Market Capitalization: $9.68B

Trading Volume: $1.45B

7-Day Gain/Loss: 19.99%

SPACE ID (ID)

Major Bias: Bearish

In the fourth position on this week’s list of trending coins is SPACE ID. The coin has seen a 6.07% price increase in the past 24 hours and a 15.29% increase over the past 7 days. It has a market capitalization of $272.44M with a trading volume of $188.98M at the time of writing.

The token’s price chart shows that price action has resurfaced above the 20-day Moving Average (MA). However, the ongoing session has seen a significant contraction, bringing the market to trade just above the 20-day MA line. Additionally, the Stochastic RSI lines maintain an upward trajectory even after reaching the overbought region. However, since price action remains below most of the MA lines, a retreat below the 20-day MA is possible. This would indicate a continued downward retracement toward the $0.2000 price level.

Current Price: $0.3205

Market Capitalization: $272.44M

Trading Volume: $188.98M

7-Day Gain/Loss: 15.29%

Onyxcoin (XCN)

Major Bias: Bullish

Onyxcoin takes the last spot on this week’s list of trending coins. However, this does not imply that it is the worst-performing coin in this category. The coin has seen a 6.78% price increase in the past 24 hours and an 11.27% price decrease over the past 7 days. It has a market capitalization of $746.63M with a trading volume of $194.40M.

This market experienced a significant surge in activity midway through January. Although trading activity has since declined, price action remains elevated. As a result, this token currently trades above three out of four MA lines on the chart. However, price action remains below the 20-day MA line. The Stochastic RSI lines are still trending upward, suggesting that the $0.02000 level may serve as strong support. If this holds, price action could move upwards toward the $0.03000 mark.

Current Price: $0.02667

Market Capitalization: $746.63M

Trading Volume: $194.40M

7-Day Gain/Loss: -11.24%

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