As the year comes to a close, ICP, ONT, and PYR coins emerged as the top gainers on the Binance exchange. Despite a recent drop to $41,500, Bitcoin has managed a $1,000 rebound but struggles to maintain a position above $43,000, reflecting ongoing pressure from sellers and miners.
ICP Coin, which plummeted from a four-digit price to a single digit, wiped out the capital of early investors but has recently provided substantial gains for those who capitalized on its low. Since the week of October 9, ICP has gained 346%, but it’s still a far cry from its launch peak of $2,837. The price is currently around $13.28, and if it surpasses $14.7, it could test the $17.8 and $23.3 peaks. Critical support lies at $8.65, with a drop below potentially triggering a fall to $5.
ONT Coin, another double-digit gainer of the day, has yet to surpass its 2023 peak of $0.35 but is on track to do so. If it maintains its current momentum, it could break above this level soon. However, a decline below $0.256 could lead to a drop to the $0.219 and $0.2044 zones, with strong support waiting at $0.154.
PYR Coin has seen an over 200% increase in 72 days and is attempting to close above the $8.53 selling zone. As long as it maintains daily closes above $7.8, it could aim for new highs. Conversely, a decline could see it fall to $7, $5.82, and even $4.6. A long-term bullish scenario would involve a monthly close above $10.8, potentially targeting the April 2022 peak of $19.8.
These predictions highlight the volatile nature of the cryptocurrency market, where new altcoins present significant risks during their initial listing period. Investors should be aware of the critical support and resistance levels that can indicate potential price movements.
The recent performance of ICP, ONT, and PYR coins showcases the dynamic and unpredictable nature of the crypto market, with significant gains possible for those who navigate the market with insight and caution.