Today, October 18, several altcoins are seeing mild price increases, suggesting that many could finish the week on a positive note. Interestingly, while some tokens have managed to hold their ground, not all of today’s trending altcoins are performing similarly.

The top three for today are Solidus Ai Tech (AITECH), Turbo (TURBO), and Dog Food Token (OISHII). Here’s why these altcoins are trending and what could be next for their prices.

Solidus Ai Tech (AITECH)

AITECH is one of the top trending altcoins for the second consecutive day. Yesterday, BeInCrypto suggested that AITECH’s price might undergo a slight decline. As of this writing, the price has lost 3% of its value in the last 24 hours.

According to the daily chart, the altcoin has fallen below the 20-day Exponential Moving Average (EMA). Typically, when the cryptocurrency’s price rises above this indicator (in blue), it gives more credence to an upswing. 

But a decline indicates otherwise. As such, AITECH’s value risks undergoing another decline. Furthermore, the token is around the same spot as the 50 EMA (yellow), suggesting an extended downturn to $0.082.

Read more: 10 Alternative Crypto Exchanges After Bybit Exits France

However, the altcoin’s price might rebound if bulls push it back above the 20 EMA. if that happens, AITECH could jump to $0.12.

Turbo (TURBO)

Turbo’s emergence as one of the trending altcoins marks its third consecutive appearance and is trending today due to increasing investor interest. Over the past 30 days, TURBO’s price has surged by 100%, making the AI-themed meme coin a token to watch closely.

However, its value has dropped by 5% within the last 24 hours. The daily chart shows that bulls are defending the $0.10 support so the crypto can escape another downturn. If sustained, TURBO’s price can bounce and move toward $0.015, which would represent a 47% price increase.

On the contrary, the altcoin might not be able to reach this point if bears push bulls out of the way. If that happens, TURBO might decline to $0.0079.

Dog Food Token (OISHII)

Out of the top altcoin trading today, Dog Food Token is the only one with a significant price increase over the last 24 hours. Within the mentioned period, OISHII, built on Ethereum, experienced an astonishing 565% price surge. 

This remarkable increase is the key reason why it is trending. According to the daily OISHII/WETH pair,  the Awesome Oscillator (AO), which measures historical price movements with recent ones, is positive. This positive reading suggests rising momentum with OISHII despite the massive increase.

Should momentum stay bullish and buying pressure increases, then OISHII’s price could break the resistance a $0.14. If that happens, the altcoin’s price could rally to $0.18. 

Read more: Which Are the Best Altcoins To Invest in October 2024?

In the event that profit-taking climbs, this prediction might be invalidated, and OSHII could sink to $0.084 or as low as $0.054 in a highly bearish scenario.

In the last week, meme coins have experienced a renewed wave of investor interest as the crypto market rebounded. Notably, several coins saw significant gains, and a few also reached new all-time highs. 

BeInCrypto has identified the top three standout tokens that exceeded expectations, capturing the spotlight and drawing attention from investors.

Hoppy (HOPPY)

Hoppy’s price surged by 94% today, hitting a new all-time high of $0.0002896. This dramatic rise has caught the attention of investors as the meme coin continues to outperform expectations.

The week-long rally is part of an ongoing uptrend that began in mid-September. Hoppy has managed to break through several key resistance levels during this period, reinforcing its bullish outlook.

Read more: How to Buy Solana Meme Coins: A Step-By-Step Guide

Hoppy’s continued price growth will largely depend on whether its holders decide to sell or hold. If profit-taking begins, Hoppy could face a drawdown, potentially sending its price down to $0.0001844.

RETARDIO

Retardio’s price has surged by 88% over the past seven days, bringing it close to breaching the $0.20 mark and forming a new all-time high. The recent rally has sparked optimism among investors, as the meme coin has gained significant momentum.

The previous all-time high (ATH) for Retardio was set in mid-August. This week marked the third attempt to break through that level. If the bullish trend continues, the chances of breaching the $0.20 resistance appear promising, which could pave the way for further gains.

However, if market sentiment shifts and Retardio’s price declines, it could find initial support at $0.14. Should this support level fail to hold, the meme coin might retrace further, potentially falling to $0.12 or lower, signaling a more extended correction in its price action.

Book of Meme Coin (BOME)

BOME has been one of the top performers this week despite experiencing a minor correction over the past three days. Currently, the meme coin is trading at $0.0099, having come close to breaching the key resistance level of $0.0111.

Historically, BOME has consolidated within a narrow range, between the $0.0111 resistance and the $0.0082 support levels. If this pattern holds, BOME could see more sideways trading in the coming days, offering a period of stability before its next move. 

Read more: 7 Best Base Chain Meme Coins to Watch in October 2024

However, if BOME manages to breach the $0.0111 resistance, it would mark a significant achievement—a four-month high for the coin. Such a breakthrough could push the price toward $0.0127.

The US Securities and Exchange Commission (SEC) filed its appeal on Thursday regarding the Ripple (XRP) case. This high-profile case continues to draw significant attention from the community, as its outcome could have far-reaching implications.

However, there has been a minimal impact on the price of XRP.

SEC Files Appeal In Longstanding Ripple (XRP) Case

According to a Thursday filing with the US Court of Appeal for the Second Circuit, the SEC filed Form C in the Ripple case, effectively appealing the August 7, 2024 final judgment. This determination enjoined Ripple from further violations of Section 5 of the Securities Act of 1933 and imposed a civil penalty of approximately $125 million on Ripple.

Read more: Everything You Need To Know About Ripple vs. SEC.

The regulator wants the court of appeal to review whether Judge Analisa Torres’ landmark decision on July 13 in partial favor of XRP was erroneous. Ripple executives Brad Garlinghouse and Chris Larsen’s’ personal offers and sales of XRP are also brought into question. The US SEC wants all these issues reviewed “de novo,” which means from the beginning.

Ripple lawyer James K. Filan confirmed the filing, which is expected to prolong the already lengthy and complex legal battle.

As BeInCrypto reported ahead of the latest appeal, several legal experts recently weighed in on the matter. They argued that Judge Torres’ fact-specific ruling weakened the SEC’s grounds for appealing programmatic sales.

Notwithstanding, the Second Circuit’s future decision could also affect Ripple’s operations. For now, however, the overhang of this case is already stalling developments in the broader market, including prospects of an XRP ETF.  

Next Step in Ripple vs. SEC Case After Regulator’s Filing

Setting a timeline for the process, Ripple CLO Stuart Alderoty said the case could extend through July 2025. Speaking to Fox Business correspondent Eleanor Terret, Alderoty indicated that Ripple would file its own Form C, detailing arguments for its cross-appeal. This will happen seven days after the SEC’s submission, which means sometime next week.  

After Ripple submits its Form C, both parties will agree on a briefing schedule. The SEC will have up to 90 days to submit its opening brief. Alderoty expressed his expectation that the SEC would utilize the full 90 days to present a comprehensive account of its legal arguments.

Ripple will subsequently file a response and its own brief, kicking off an extensive briefing process. These sequential filing processes suggest a lengthy and complex legal battle. For now, however, the XRP community awaits Ripple’s Form C.

Amidst these uncertainties, the price of XRP has been stable. In the past 24 hours, the token has been down by just 0.8%, currently trading at $0.5498.

“No surprises here — once again it’s been made clear. The Court’s ruling that “XRP is not a security” is NOT being appealed. That decision stands as the law of the land. Stay tuned for Ripple’s Form C to be filed next week,” Alderoty indicated.

Read More: How To Buy XRP and Everything You Need To Know

Nevertheless, this ongoing legal battle transcends Ripple or XRP. It could have far-reaching implications for the industry, influencing the broader debate over crypto’s classification and regulatory status.