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As the cryptocurrency market continues to experience a general decline, most altcoins are in negative territory, largely due to Bitcoin’s failure to reclaim a safe zone. However, a few contrarian movers are gaining attention. The tokens AST, SNM, PROM, and ARPA have notably risen in the last 24 hours on the Binance exchange.
What is AST Coin? AST Coin Comment
AST Coin has witnessed a surge of almost 100% within the past 24 hours. This significant rise was triggered by Binance’s introduction of the USDT trading pair for the token. On May 17, the altcoin, which was trading at 0.1 dollars, managed to triple its value within just two days, hitting the 0.3-dollar mark. This breakthrough level, unseen since December 2021, was warmly welcomed by long-awaiting investors.
Currently, the altcoin that managed to return to its bull-season levels may continue its ascent if it can close above 0.20 and 0.25 dollars. If successful, the journey could extend up to its all-time high of 0.75 dollars. On the downside, the short-term strong level to hold is around 0.17 dollars to prevent further losses.
SNM Coin Comment
SNM Coin, the second-largest gainer of the day on Binance, appears to be rising without any specific trigger. The coin, which was trading at 0.42 dollars on May 17, managed to reach 0.52 dollars today. If the closing prices remain above 0.44 dollars, the bullish trend could sustain. The primary resistance to overcome is at 0.528 dollars, which calls for preserving the support area.
PROM Coin Comment Future
PROM Coin has gained over 15% on the day, with the increase still underway at the time of writing. The token recently announced a partnership with BeNFT, which might be influencing the current rise. From early hours today, the price jumped from 4.29 dollars to 5.10 dollars. If it continues to close above 5 dollars, it can target the resistance levels of 5.17 and 5.8 dollars, with the nearest support lying at 4.4 dollars.
ARPA Coin Comment
Finally, ARPA Coin resisted the fall and experienced an uptick on Binance. From 0.048 dollars yesterday evening, it climbed to 0.054 dollars today. For the moment, there’s a need to reclaim the 0.052 dollar support and close above it. If this level holds, it can once again aim for 0.058 and 0.068 dollars. The upcoming Powell statements this evening could potentially affect these profits, either erasing or amplifying them.
As of writing, the price is hovering around 0.0518 dollars.
