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Cryptocurrency exchanges are at the heart of digital asset trading, and Binance, the world’s largest platform in terms of volume, draws attention today with two altcoins. On weekends, we generally see cryptocurrency trading volumes decrease, leading to flat or downward trends. However, there are exceptions when certain cryptos surge during these low-volume periods, and today, two altcoins, Moonbeam (GLMR) and SCRT Token, are displaying such behavior.
Moonbeam (GLMR) Coin Analysis
As the cumulative volume in cryptocurrencies continues to decrease daily, GLMR Coin is one of the few altcoins that spark interest. It experienced an 11% increase at the time of writing, and we can observe it beginning to retract from its daily peak.
GLMR Coin has lost 65% of its value compared to a year ago. Although it rallied from $0.2 on Friday, resulting in gains over 20%, it failed to break past the point where the dip started on June 10, which suggests we might see a return to the $0.2 range. If GLMR Coin can close above $0.255, it could target the $0.2648 and $0.292 levels. For the descent not to gain momentum in the short term, the $0.24 support level must hold strong.
SCRT Token Analysis
Since being listed on Binance on January 1 of last year, the SCRT Token has been on a downward trajectory. After kick-starting its rally from $0.308, it quickly moved up to $0.388 and is currently consolidating near its peak. As the second-highest gainer on Binance in the last 24 hours, SCRT is indicating potential volatility with its narrow trading range. Investors should be prepared for potential movements exceeding 5% in the coming hours, either upwards or downwards.
