This week has been notably bearish for the cryptocurrency market, with Bitcoin (BTC) finally breaking below the $110,000 price level. The drop has weighed heavily on broader market sentiment, pushing many other digital assets to multi-week lows.\u00a0<\/strong><\/p>\n Interestingly, amid this downturn, several coins have caught the attention of Nigerian traders. Today, STBL, HEMI, and Plasma (XPL) are the top three trending cryptocurrencies among traders in that region.<\/p>\n STBL, the native coin of the RWA-backed stablecoin protocol STBL, is one of the digital assets trending among Nigerian traders.<\/p>\n At press time, the altcoin trades at $0.4808. It has noted a 79% uptick in the past seven days, and is poised to keep climbing, thanks to the positive readings on its Balance of Power (BOP) indicator.<\/p>\n At press time, this is at 0.05. The BOP measures the strength of buying versus selling pressure over a given period, with positive values signaling that buyers are in control.<\/p>\n STBL\u2019s BoP suggests that buying interest in the altcoin remains strong, despite ongoing bearish momentum. If demand continues to grow, the token could break above the price wall at $0.4986 and reclaim its all-time high of $0.6112.<\/p>\n For token TA and market updates<\/strong>: Want more token insights like this? Sign up for Editor Harsh Notariya\u2019s Daily Crypto Newsletter\u00a0here<\/a>.<\/p>\n Conversely, any weakening in buying pressure could trigger a pullback<\/a> toward the $0.4102 support level.<\/p>\n While the broader market dips, HEMI has posted an eye-catching 109% surge over the past week, making it one of the trending cryptocurrencies in Nigeria today.<\/p>\n However, there is a catch. This triple-digit rally has coincided with a decline in the token\u2019s Chaikin Money Flow (CMF), forming a bearish divergence. At press time, this key momentum indicator is below the zero line at -0.9.<\/p>\n The CMF measures the flow of money into or out of an asset, with declining readings during price rises suggesting that buying volume is weakening.<\/p>\n This divergence indicates that while HEMI\u2019s price has trended higher, the rally may not be fully supported by sustained buying, leaving it vulnerable to short-term corrections.<\/p>\n In this scenario, it could shed recent gains<\/a>, plunge under $0.1273, and fall to $0.1065<\/p>\n<\/div>\n<\/div>