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Altcoins are drawing in more to the current crypto market, with impressive price surges over the past 24 hours. Coins like Aerodrome Finance (AERO), Wormhole (W), Pepe (PEPE), Conflux (CFX), and Ordinals (ORDI) have seen notable price gains driven by increased trading volume and strong market sentiment.
Aerodrome Finance (AERO) Takes Off with a 151.73% Volume Spike
Aerodrome Finance (AERO) stands out with a massive 31.26% price increase, pushing its value to $1.29. The sharp rise was accompanied by a substantial surge in trading volume, up 151.73% to $55.8 million.
The price began near $0.987 and steadily climbed to its current level, marking this point as a potential support level in case of pullbacks. The high of $1.29 now serves as the immediate resistance, with $1.30 possibly forming the next resistance if upward momentum continues. Moreover, a secondary support level at $1.15 could offer stability in case of a consolidation phase.
Wormhole (W) Continues its Ascent, Nearing Key Resistance
Wormhole ($W) saw an 18.65% increase, reaching $0.319, with trading volume climbing by 93.15%, signaling strong buying interest. Starting from $0.2705, the coin has followed an upward trajectory, with brief consolidation periods along the way.
Support levels for Wormhole are seen at $0.2705 and $0.29, both significant points where price consolidation occurred before surging higher. However, the current price is approaching a key resistance level at $0.319.
If the price breaches this level, it could move toward $0.32 or higher. Otherwise, traders may witness a pullback to previous support levels, with market sentiment remaining crucial for the next move.
Pepe ($PEPE) Sees Strong Bullish Action
Pepe ($PEPE) has also shown strong gains, rising 16.35% to $0.000001036, with a substantial increase in trading volume to $1.3 billion, up 73.86%. The price has followed an upward trend after consolidating between $0.0000009249 and $0.000000975.
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Key support levels for Pepe lie at $0.0000008893 and $0.00000095, where consolidation occurred before the recent surge. The current resistance at $0.000001036 could be a pivotal point for the token’s next movement. If broken, the price may move above $0.00000105, but a rejection may lead to a test of the lower support levels.
Conflux ($CFX) Rallies, Volume Soars 119.87%
Conflux ($CFX) has witnessed a 17.45% price increase to $0.1893, supported by a 119.87% surge in trading volume. The coin shows steady upward momentum, with key support levels identified at $0.1626 and $0.1750.
The current resistance near $0.1893 could challenge the ongoing rally, while a break above this level may trigger further price gains. A failure to surpass this resistance may see the price consolidating around $0.1850 or retracing toward support.
Ordinals ($ORDI) Shows Bullish Momentum
Ordinals ($ORDI) has risen 14.92% to $41.83, with trading volume increasing by 123.86%. The price surged sharply, hitting strong support levels at $36.40 and $38.00.
The resistance level at $41.83 could be a crucial point for determining the coin’s next move. If the price continues to rise, $42 or higher levels could be in sight. However, a consolidation phase might occur if it struggles to break through this resistance.
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