While the majority of altcoins experienced a downturn over the last day, a few have stood out in the green on Binance exchange. GHST, XVG, and BOME Coin have defied the trend with gains ranging from 15% to 64%. On the flip side, major cryptos such as LTC faced an 11% decline, and CHZ fell by 8%. Investors and traders are now keen to understand the future trajectory of these few resilient altcoins.
GHST Leads the Charge with Significant Gains
GHST Coin emerged as the front-runner among gainers on Binance, marking a 64% rise within 24 hours and an impressive 238% over the past week. Despite this surge, the token encountered resistance at $3.46, indicating a possible retracement to lower price levels could be on the horizon.
Should profit-taking increase, the GHST may find its way back to support levels of $2.39, followed by $2.14, and potentially to $1.925, or even the $1.28 region where the upward movement originated. Market participants are cautioned to be vigilant, given the history of rapid reversals in speculative spikes.
Surge in Verge’s XVG Attracts Attention
Verge’s native token, XVG, saw a nearly 60% price increase in 24 hours, although it is experiencing a pullback. If the $0.00988 support level fails, the price might decline toward $0.00671 and $0.00485. The spike in volatility was anticipated due to the expected news this week, which resulted in a rush of over 50%. If XVG maintains above the $0.01 mark, it could signal a shift in the long-term downward trend, with $0.014 as the next target.
The Ascent of BOME Coin
BOME Coin’s performance has been noteworthy since its Binance listing, reaching an all-time high of $0.029 before dropping significantly. It has climbed back to $0.017, and maintaining above this level might suggest a potential rise to its initial listing values. Should the ascent persist, the coin may challenge price points of $0.0196 and $0.022, while key supports rest at $0.0159 and $0.0135.
Points to Consider
- GHST’s rally may face correction; key support levels identified for potential retrace.
- XVG’s market response hinges on a crucial support test, which could redefine its trend.
- BOME Coin’s movement bear watching as it tests significant price milestones post-listing.
Overall, these altcoins present a mixed market outlook on Binance, with some showing robust growth while others brace for possible retracements. Market watchers are advised to keep an eye on these developments as they unfold in the volatile world of cryptocurrency trading.