Near the rallied of 6.7% in the past 24 hours as the altcoins begin to warm up following Bitcoin’s fresh record high for $ 123,000.
As investors expect a potential “Altcoin season” many tokens such as closely have reaped rewards. Close to jump from $ 2.55 to $ 2.66 in the past 24 hours, representing a 7% range.
The support will be held firm at $ 2.51 before a breakout at the UTC driving prices up to $ 2.69 in the next four hours.
It is noteworthy that the close remains under the 2024 high of $ 9.00, which has been released by the hype around AI tokens following launching apps such as chat bot apps such as ChatGPT.
Technical summary
- Support confirmed at $ 2.51 during the integration -with the phases.
- Pressure purchase keeps above $ 2.62- $ 2.64 supporting resistance.
- The pattern of higher lows establishes the entire stage of recovery.
- The V-shaped reversal was completed with 143,188-unit spike volume.
- The breakout above $ 2.67 confirms the continuation of bullish.
- Next target resistance of $ 2.70- $ 2.72 level.
Divinity: The parts of this article were formed with the help from the AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
