In the latest cryptocurrency market activities, OAX, AKRO, and FIRO have posted remarkable gains on the Binance exchange. OAX led the charge with a 72% increase, followed by AKRO at 29%, and FIRO with a 24% rise. These advances occurred in contrast to the overall stagnation in altcoin prices, with Bitcoin (BTC) remaining static. Despite lower trade volumes during the holiday season, certain investors are leveraging these speculative surges.
OAX Coin Targets New Highs
OAX Coin is currently trading above the critical $0.35 mark, with its sights set on surpassing the all-time high (ATH) of $0.549. Should the bullish momentum persist, new record levels could be within reach. Conversely, a failure to maintain the rally could see prices retracting to the significant $0.25 breakout level. Investors remain wary, as the coin has experienced a 200% increase over a fortnight, leaving it vulnerable to potential sharp declines.
AKRO Coin on the Ascent
Mirroring OAX, AKRO Coin has rebounded significantly from its previous low, marking a 121% price increase. However, signs of potential profit-taking are evident, and a closure below $0.00930 may signal a loss of upward momentum. Should a pullback ensue, prices might revisit the extensively contested $0.00782 level. A break above the $0.02077 resistance could open the path to late 2021 price levels around $0.04.
FIRO Coin’s Steady Climb
Following the impact of a BTC price drop on March 20, FIRO Coin has launched a robust recovery, with a 70% gain for the day. The absence of a long upper wick on its price chart suggests the possibility of a sustained rally. A close above $2.75 may propel the coin to a peak of $3.5, with an optimistic target of $4.35. Given the coin’s history of volatile spikes, investors are advised to exercise caution with such speculative assets.