Bitcoin’s price remained fairly stable on Sunday, fluctuating between $69,857 and $69,130. However, several altcoins on the Binance exchange experienced substantial double-digit gains. Notable among these are BICO, ARK, and BNX coins, which have shown impressive upward trends. This article delves into the reasons behind these increases and offers predictions for their future movements.
What Are the Predictions for BICO Coin?
On Tuesday, June 11, Biconomy (BICO) is slated to make a significant announcement. Anticipation around this event has already propelled BICO to become the top gainer on the Binance exchange. Currently, its price stands at $0.66, marking a 17.4% rise for the day. Over the past three days, the price has increased by almost 50%, reaching $0.66 from a low of $0.22. If this bullish momentum continues until Tuesday, BICO could test the $0.753 level, and closing above this point may set sights on $0.86 and $0.94 targets.
What Are the Predictions for ARK Coin?
The ARK Coin has been trading below the $0.9 mark for 59 days, currently finding buyers just under the $0.869 resistance. If the bulls manage to turn $0.9 into a support level, ARK could potentially retest $1 and $1.13. The coin has gained 13% today, lingering around $0.858. A close above $0.8 might facilitate further upward momentum.
What Are the Predictions for BNX Coin?
BNX Coin has also seen substantial gains, continuing its upward trend despite minor corrections. The altcoin’s price has quadrupled over 87 days but has since dropped by 35% from its peak, stabilizing at $0.96. Over the past three days, BNX has risen by almost 30%, now trading at $1.26. Should the resistance at $1.28 and $1.32 turn into support, BNX could aim for new highs at $1.52 and beyond. As long as the price doesn’t close below $0.84, the short-term uptrend is expected to continue.
Key Takeaways for Investors
- BICO Coin is poised for a potential test of $0.753, with further targets of $0.86 and $0.94 if it maintains its upward momentum.
- ARK Coin could retest $1 and $1.13 if it breaks past the $0.9 resistance level.
- BNX Coin may reach new highs at $1.52 and beyond if it converts its current resistance levels into support.
While these trends are promising, it’s important to remember that the cryptocurrency market is inherently volatile. Investors should be cautious and consider long-term strategies over short-term gains.