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Reading: Significant Gains in Select Cryptocurrencies Despite Bitcoin’s Volatility
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COINTURK NEWS > Technical Analysis > Significant Gains in Select Cryptocurrencies Despite Bitcoin’s Volatility
Technical Analysis

Significant Gains in Select Cryptocurrencies Despite Bitcoin’s Volatility

In Brief

  • Some cryptocurrencies show impressive gains today, diverging positively.

  • Akash Network (AKT) Coin surged 30% in the last 24 hours, now over $6.2.

  • TON Coin, the second highest gainer today, nearly reached $7.1.

COINTURK NEWS
COINTURK NEWS 1 year ago
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While Bitcoin’s price fluctuates, today some cryptocurrencies have achieved quite impressive gains. The quartet mentioned in the title became the highest gainers among the top 100 cryptocurrencies. These altcoins, which gained between 30% and 15%, what are their next dollar targets?

Contents
AKT Coin CommentaryTON Coin (TON)GRT Coin CommentaryArweave (AR) Commentary

AKT Coin Commentary

Akash Network (AKT) Coin has increased by 30% in the last 24 hours and is now above $6.2. Its weekly gain has reached 50%. This altcoin, with a market value of $1.4 billion, has reached a daily trading volume of $301 million.

If we see a rapid decline similar to previous ones after the last two days of increase, the price could fall to $4.3. Below that, $3.73 is found.

TON Coin (TON)

TON Coin was the second highest gainer of the day and nearly reached $7.1. The price increased by 18% daily. Its weekly gain is 31%. With a massive market value of $24.6 billion, it is the eighth largest altcoin and has reached a volume of $680 million. We said that a new ATH journey had begun as it surpassed $6.5, and if $7.3 is also turned into support, the journey could continue to double-digit prices. TON Coin is among the few cryptocurrencies that diverged positively today.

GRT Coin Commentary

With a trading volume of $210 million, GRT Coin made most of its weekly gains today. The price, which increased by 15% daily, has achieved a weekly gain of 18%. After breaking below the resistance at $0.308, the price had bottomed at the channel’s mid-line. Now it is targeting the resistance again and if it maintains its strong stance, it could climb to targets of $0.354 and $0.418. Above this, a target of $0.5 could come into play.

Arweave (AR) Commentary

The altcoin, which reached $44.23, increased by 15% in the last 24 hours and by 20% weekly. With a market value approaching $3 billion, it only generated a trading volume of $200 million. It ranks as the 41st largest cryptocurrency by market value.

If the price closes above $44.8, it could run towards targets of $47.6 and $50. Investors should be cautious as the price had previously failed twice and dropped to $30.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 10 May, 2024 - 5:52 pm 10 May, 2024 - 5:52 pm
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