Today, the altcoins that brought the highest gains on the Binance exchange were DUSK, MANTA, and ARK Coin. Their prices increased between 24% and 29%. Investors who wanted to catch the rise early as BTC made a turn from support are starting to come to the forefront. Although the $40,400 support for BTC has not yet been secured, some altcoins have seen price increases of over 20%.
DUSK Coin Analysis
Since yesterday’s low, the price has increased by nearly 50% and was one of the luckiest alternatives among altcoins. Investors avoided a major drop and found an attractive selling opportunity as the price reached last year’s peak levels. A long upper wick indicates intense profit-taking at the February 2023 peak.
The price is likely to bottom out soon between $0.226 and $0.181. If the BTC price can secure the $40,400 level, this correction could be delayed, but the likely tendency of profitable investors suggests that a price correction is not far off.
MANTA Coin Analysis
It has only been days since it was listed on the Binance exchange, and after a 34% drop from the ATH level, the price reclaimed the $3.18 threshold. This indicates that the selling pressure is weakening and the price could reach new highs. We have seen exciting historical peaks in altcoins newly listed on the Binance exchange within a few weeks after their first-day peak.
If there are closes above $3.29, the psychological target of $4 could come into radar.
ARK Coin Chart Analysis
ARK Coin, which reached an ATH on its first listing day and has not seen the peak for a long time, can be cited as an example of such altcoins. It caught a nice hype thanks to being known as the biggest crypto intelligence firm and its extensive airdrop program. However, it later suffered from the wrath of CryptoLeaks.
Despite negative allegations, the need for companies like Arkham by governments for money laundering, taxation, and many other issues is substantial.
Looking back at the price, we saw that after yesterday’s low of $0.65, the price increased by over 20%, reaching the threshold of $0.83. However, the key region is above $0.874, and with closes above this level, the psychological threshold of $1 could be surpassed again. After that, the region at $1.65, which experienced intense profit-taking, will be targeted.
