BTC price experienced a $1300 fluctuation today, dropping to $42,050. It rose faster than expected. Investors easily convinced that Grayscale transfers were not sales quickly pushed the price above $43,000. This is something we might experience again in the coming days or weeks. We may receive new news from the Grayscale front.
SANTOS Coin Price Target
Despite the fluctuation in BTC price, there are three cryptocurrencies on Binance today that have increased by over 30%. Leading the pack is SANTOS Coin with a 31.2% increase to a price of $4.32.
The price is currently at a resistance level from last year, and a daily close above $4.25 could further increase the bulls’ appetite. In April 2023, the price encountered strong selling pressure from the resistance at $5.1 as seen by the upper wick. The outlook is currently positive, and after $5.1, a target of $7 could be aimed for.
MAV Coin Price Target
Maverick Protocol caused great excitement when it was listed on Binance in the middle of last year. The completion of the rising candlestick over the past four weeks indicates that higher peaks beyond the cup formation are being targeted.
Since the resistance at $0.57 in July was clearly breached, we see the price aiming for $1 again. With the ATH (all-time high) on Binance being $1.98, we may witness a test of this ultimate peak. Closures above the regions of $0.57 and $0.53 in the short term are critical for the continuation of the rise.
AUCTION Chart Analysis and Target
Auction Coin made a significant move on the chart in December, rising to $48.7. Even after falling to $17.8, it reclaimed the $30 mark this week. As an altcoin that saw its ATH just last month, it ranks third among double-digit risers today. Moreover, the overall market sentiment is not fantastic. This reflects the demand of the bulls.
Weekly charts with closures above $27.6 clearly target above $40. Given the recent ATH and the long upper wick indicating selling pressure, a new peak does not seem impossible. The long upper wick on the January candlestick confirms the demand.
