At the time of writing, the cryptocurrencies that saw the most significant increase on the Binance exchange were OAX, AKRO, and FIRO Coin. They increased by 72%, 29%, and 24% respectively, despite the stagnation in the price of altcoin BTC. Although some investors are on holiday and volumes are down, there is a group that takes advantage of such speculative movements. So, what dollar values are they targeting?
OAX Coin Commentary
After a full year since its listing on the Binance exchange, the OAX Coin price is once again aiming for the ATH level. Although we currently see sales above $0.35, the price is well above the critical $0.25 breakout area. If the rally continues, the bulls will strive to push the record high of $0.549 even higher. However, if they fail, a return to the breakout area seems likely.
Below that, there is a risk of a deeper drop to $0.219 and $0.182. Investors should be prepared for the risk of a sudden drop, as the coin has seen a 200% increase in roughly 14 days.
AKRO Coin Predictions
Like OAX, the AKRO Coin price has quickly recovered from last week’s low and is now heading towards a strong peak. The price has increased by 121%. However, closures below $0.00930 could indicate that the rally may not continue. Long upper wicks here also point to intense profit-taking.
In the event of a rapid pullback, a return to the previously long-contested $0.00782 could occur. Beyond that, if the $0.02077 threshold, which was not surpassed in the August attempt, is breached, the end-of-2021 price levels around $0.04 could be targeted.
FIRO Coin Commentary
FIRO Coin, which was significantly affected by the BTC drop on March 20, has started a rebound. It has now increased its gains to 70% for the day. Moreover, there is no long upper wick, suggesting that the rally could continue for a while.
If it closes above $2.75, the coin could see a peak around $3.5, similar to previous rapid rises and falls, before potentially entering a free fall. Aiming for a higher peak, $4.35 seems reasonable. Investors would benefit from a cautious approach to speculative altcoins that have repeatedly experienced rapid rises and falls.
