Meme coins continue to dominate today’s trending altcoins, highlighting the ongoing meme coin supercycle in the crypto market.

BeInCrypto reports that the surge in interest and price appreciation has fueled their popularity. As of November 19, the top trending altcoins are ai16z (AI16Z), Sui (SUI), and Ponke (PONKE).

ai16z (AI16Z)

AI16Z is one of the trending altcoins because it is a token built on the buzzing AI agent narrative. Over the last seven days, the AI16Z price has increased by 345%. However, it has dropped by 26% within the last 24 hours. 

On the 1-hour chart, the Relative Strength Index (RSI) has fallen below the 50.00 neutral line. This indicates bearish momentum around the altcoin. Should this remain the same, then the AI16Z price could drop toward $0.20.

However, if momentum turns bullish, this could change. In that scenario, the altcoin’s price could jump toward $0.60.

Sui (SUI)

SUI is once again on the list of trending altcoins as its volume continues to climb. However, the altcoin’s price has hovered around the same region since yesterday — notably at $3.73. 

Despite that, the Moving Average Convergence Divergence (MACD) reading has stayed positive. The MACD is a technical oscillator that measures momentum. When it is positive, momentum is bullish. 

On the other hand, a negative reading of the MACD suggests that the reading is bearish. Since it is the former, this indicates that the SUI’s price might continue to climb — this time, above $4. However, if selling pressure rises, this outlook could change, and the altcoin might drop below $3.

Ponke (PONKE)

Last on the list of trending altcoins is PONKE, a Solana-based meme coin. Ponke is trending basically because Bithumb, the South Korean-based crypto exchange, disclosed that it has listed the token.

As a result, PONKE’s price has increased by 11% and 5% away from hitting a new all-time high. On the 4-hour chart, the Bull Bear Power (BBP), which measures the strength of buyers to sellers, indicates that bulls are in control. 

Should this remain the same, PONKE could climb above $0.85 from $0.79. However, if bears take control, that might not happen. Instead, the altcoin could decline to $0.69.

Ethereum began November with a remarkable 40% rally, but sustaining the momentum has proven challenging for the altcoin king.

As the price stabilizes above $3,000, a significant boost from institutional interest might help reignite Ethereum’s bullish trend. Ethereum ETFs are at the center of this resurgence, recording historic inflows.

Ethereum Has the Institutions’ Support

Over the past week, Ethereum ETFs experienced their largest weekly inflows since launch. BlackRock led the surge with a staggering $286 million, while the combined inflows across all ETFs reached $550 million. This influx reflects growing institutional confidence, driven by Ethereum’s price recovery and Bitcoin’s recent all-time highs.

The surge in ETF activity highlights institutional investors’ increasing reliance on Ethereum as a diversified asset. This trend is strengthening Ethereum’s position in the crypto market, potentially providing the momentum needed to overcome its recent price stagnation. Market sentiment appears to be favoring a bullish outlook.

Ethereum’s institutional demand extends beyond ETFs. According to the latest CoinShares ETP netflow report, November has already seen $789 million in Ethereum inflows from institutions. These large-scale investments reflect renewed interest in Ethereum as a long-term asset.

Additionally, large wallet holders are showing heightened activity, further validating Ethereum’s strong macro momentum. Their investments could be pivotal in driving ETH’s price upward, especially as institutions amplify their exposure to the cryptocurrency. This level of interest highlights Ethereum’s growing role as a key player in institutional portfolios.

ETH Price Prediction: Looking Forward

Ethereum is currently trading at $3,108, holding steadily above its critical support at $3,001. This level aligns with the 61.8% Fibonacci Retracement line, known as the bull market support floor, providing a stable foundation for potential gains.

Should institutional activity and positive market sentiment persist, Ethereum could breach the $3,248 resistance, enabling a continued uptrend. This move would position the altcoin king for further growth, solidifying its bullish trajectory.

decline would invalidate the bullish outlook, potentially dampening investor confidence. Ethereum’s ability to maintain momentum hinges on sustaining key support levels and capitalizing on its institutional backing.

Dogecoin (DOGE) recently surged to a three-year high of $0.43 on November 12 before retreating to $0.38, maintaining a 3% daily increase.

However, on-chain data shows that the price spike has led many long-term holders (LTHs) to take profits. If this trend persists, DOGE risks losing much of its recent gains in the short term.

Dogecoin’s LTHs Sell For Profit

BeInCrypto’s assessment of Dogecoin’s on-chain performance has revealed a decline in its Mean Coin Age over the past week. Per Santiment, this has dropped by 1% over the past seven days. 

Mean coin age refers to the average age of the coins in circulation. It gives insight into how long their owners have held coins before being moved or sold. When this metric falls, it means coins that have been held for a long time are being moved or traded more frequently. It is often a bearish sign that indicates that LTHs could be cashing out their profit.

Moreover, the positive readings from DOGE’s market value to realized value (MVRV) ratio suggest that the meme coin is currently overvalued. This may have prompted its LTHs to want to sell for profit. According to Santiment’s data, DOGE’s current MVRV ratio is 232.36%. 

The MRVR ratio is a key metric used to analyze a cryptocurrency’s valuation relative to its historical price trends. It compares the market value (the current price of all coins in circulation) to the realized value (the price at which coins last moved on the blockchain).

A positive MRVR ratio suggests that the market value is greater than the realized value. This indicates that the asset is overvalued. Historically, many view this as a signal to sell their holdings for profit.

At 236.36%, DOGE’s MVRV ratio suggests that its current market value is 236% higher than its realized value. Therefore, if all its holders were to sell, they would realize 236%  gains on average. Such a high MVRV hints at a prolonged period of price correction as more investors take profits.  

DOGE Price Prediction: Why LTHs Must Stop Selling

Currently trading at $0.38, DOGE sits just below the $0.39 resistance level. Increased selling pressure could push the price down to its support at $0.31.

A failure to hold this level may trigger a sharper decline, pushing DOGE below the $0.30 mark and potentially toward $0.21. Such a move would further distance the DOGE meme coin price from any rally beyond $0.47 and a return to $0.50, last seen in May 2021.

However, if market sentiment turns positive and long-term holders (LTHs) hold their positions, increased demand for DOGE could drive its price past $0.47, bringing the $0.50 price zone back into reach.