There are four altcoins catching attention on the Binance exchange at the start of the day. Their common feature is a double-digit rise. With Bitcoin struggling to maintain $27,200, these altcoins are bringing joy to investors. But what are the short-term expectations for these promising cryptos? We delve into the latest data and price forecasts.
Commentary on HIGH Coin
HIGH Coin, experiencing an approximate 20% surge within the last 24 hours, currently trades at $1.92. The price initiated a strong rise after yesterday’s daily close. This rally seems to have peaked at $1.97, yet the target of surpassing $2 is still on the horizon. If the coin manages to close above $1.88 in the short term, the rise could continue. Should it break this level, the coin could aim for $2.15 and $2.63, its late April levels. For now, this altcoin, which took a hit during Bitcoin’s return from $30,000, appears determined to compensate for its losses.
Insights on KEY Coin
SelfKey (KEY) started the day gaining approximately 20% in value, currently priced at $0.007513. Much like HIGH Coin, KEY is fighting to surpass its April 28 peak. If it can break the $0.007838 mark, it could set its sights back on the $0.0087 and $0.01 targets. Bitcoin’s price hovering around $27,200 has been a general motivator for double-digit gains in altcoins. The market is also anticipating the upcoming 21:00 announcements to be crypto favorable.
Analysis of TOMO Coin
TomoChain (TOMO) maintains the gains from yesterday’s early morning rise, trading at $1.28. If it manages to close above $1.13, the upswing could continue. Unlike many other altcoins, TOMO Coin’s price has been moving in an upward channel since March 12. It broke upwards from this channel, and if it can crack $1.38, a level it couldn’t reach today, it might aim for the $1.75 peak. TOMO Coin’s ascent, which began from $0.26, has reached 488% in 72 days.
Remarks on Waves Coin
Lastly, we have Waves Coin. Continuing the day with a 15% rise, it bears no trace of its former glory. Its market value has dropped to $214 million. Despite this, it maintains the gains from the surge it began earlier today alongside several other altcoins, currently trading at $1.924. This is a crucial region, and if it can manage to close above $1.94, it could potentially prolong the rally towards $2 and $2.4.
