In the cryptocurrency market, DUSK, MANTA, and ARK Coin emerged as top gainers on Binance exchange, with price increases between 24% and 29%. Investors seeking to capitalize on the early uptrend triggered by Bitcoin‘s rebound from support levels have started to emerge, despite Bitcoin not yet securing the $40,400 support firmly. Some altcoins have seen price surges over 20%.
DUSK Coin has seen a significant recovery of nearly 50% from its recent low, positioning it as one of the more fortunate altcoins. Investors avoided a major drop and found a selling opportunity as prices reached last year’s peak levels. The long upper wick on the February 2023 peak suggests heavy profit-taking.
MANTA Coin, recently listed on Binance, has reclaimed the $3.18 level after a 34% drop from its all-time high (ATH), indicating weakening sell-offs and potential for new highs. Historically, newly listed altcoins on Binance have achieved exciting peaks within weeks after their initial surge.
ARK Coin, once hyped for its initial ATH and comprehensive airdrop program, faced backlash from CryptoLeaks. Despite negative allegations, the demand for companies like Arkham remains due to government needs in areas such as anti-money laundering and taxation.
ARK Coin’s price has risen over 20% from a recent low of $0.65, approaching the $0.83 threshold. A key resistance area is at $0.874, and surpassing this could lead to a retest of the $1 psychological level, followed by potential profit-taking at $1.65.