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Bitcoin continues to experience price fluctuations, with a slight sell-off following the latest US unemployment benefits data. Although the year started well for cryptocurrencies, it’s hard to say the same for the second quarter. Sales in the ETF channel, which started on March 20, accelerated due to poor inflation and geopolitical tensions. What are the latest predictions for the top-performing altcoins on the Binance exchange today?
BLZ Coin Commentary
As of the time of writing, the top-earning altcoin on the Binance exchange is BLZ Coin, which has increased by 22%. While most cryptocurrencies are in the red, this double-digit rise is intriguing. The price is currently at $0.42, and while BTC lingers around $62,300, BLZ Coin investors are relatively happy compared to the overall market.
BLZ Coin attracts investors interested in speculative trades. A glance at the daily chart clearly shows these rapid rise and fall movements. Short-term investors consider $0.298 a reasonable buying area and are turning to sell at around $0.42. The long upper wicks in this area indicate potential new declines towards $0.39 and $0.35 in the coming hours.
If closures start above $0.46, then BLZ Coin could initiate a stronger rally. For now, the fluctuations within the set range seem likely to continue.
OAX Coin Commentary
Another altcoin continuing the day with a 22% gain. As of the time of writing, OAX Coin is finding buyers at $0.24. Bulls maintaining $0.184 as a base are attempting to push back to $0.265. For now, we cannot be sure if the price will turn down from here without seeing closures above $0.256. Yesterday’s “retaliation postponed” announcement by Israel could extend the rally if it finds a counterpart in the ETF segment (strong volume, strong entries).
SYN Coin Commentary
The decline that has been ongoing since April 15 is currently turning around at $0.92. As of the time of writing, the price has increased by 11% and is at $1.06. If the rise continues, $1.16 must be maintained as strong support by SYN Coin bulls.
The rally targets will be $1.58 and $1.74. If the ongoing sales turnaround is supported by BTC, the possibility of testing the peak could strengthen.
