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Reading: Top Altcoins Surge on Binance Amidst Bitcoin’s Struggle Below $43K
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Latest cryptocurrency news > TECHNICAL ANALYSIS > Top Altcoins Surge on Binance Amidst Bitcoin’s Struggle Below $43K
TECHNICAL ANALYSIS

Top Altcoins Surge on Binance Amidst Bitcoin’s Struggle Below $43K

BH NEWS
Last updated: 14 January 2024 16:12
BH NEWS 2 years ago
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Four altcoins on the Binance exchange have seen double-digit gains, contrasting Bitcoin’s underperformance below $43,000, linked to selling pressure following ETF news. Bitcoin retreated after nearing the $49,000 mark, with over 95% profitability causing a pullback. The spotlight is on the current state of the day’s altcoins.

JTO Coin, listed on Binance just five weeks ago, helped revitalize the Solana ecosystem. After a significant airdrop, the coin rewarded early investors but recently dipped to $1.35. JTO Coin surged nearly 100% in 11 days and could surpass $2.86 if it maintains the $2.55 level. Otherwise, it could drop to $1.95.

XAI Coin, listed only five days prior, caught a downtrend but has since risen over 30%, signaling potential for further growth. If it sustains above the critical $0.73 mark, it could climb towards $1.2. A fall below could see it retreat to $0.54 support.

PROS Coin continues a 20% daily increase, with a 121% rise over the week. Closing above $0.59 could signal continued growth, with resistance at $0.68 and $0.83. However, a pullback to supports at $0.51 and $0.45 is possible after the triple-digit weekly gain.

Excluding PROS, the day’s largest risers are newly released altcoins, with investors buying in hope due to their early-stage charts. TIA Coin, opening at $2 on Binance and climbing to $7.41, has shown consistent growth since its October 30 listing. Breaking the $14.6 resistance this week, TIA Coin hit an all-time high around $20, with a potential target of $25 if the uptrend continues.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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