Top Gainers
Symbol Company Name Price Change % SANTOS Santos FC Fan Token $5.17 +57.15% PROS Prosper $0.4042 +28.53% ALPINE Alpine F1 Team Fan Token $1.56 +17.50% CTK CTK $0.66703 +17.00% ENA Ethena $0.3885 +16.50%Top Losers
Symbol Company Name Price Change % OOKI ooki $0.00054 -12.20% AST AirSwap Coin $0.0782 -11.64% TORY Tory $0.00216 -9.09% KP3R Keep3rV1Token $24.62 -7.20% SXP SXP $0.2552 -6.90%
On Wednesday’s trading session, Bitcoin showed a strong buying rally and successfully broke the $70,000 mark. Ethereum, on the other hand, gave up the move in the last four trading sessions major rejection from the $2750 level.
BTC/USD
ETH/USD
#1 Gainer: SANTOS Token
With over 150% returns in just one single day, Santos turned out to be the top gainer in crypto. On the 28th Oct trading session, Santos made a remarkable move after Binance announced SANTOS, Santos FC Fan Token listing.
On the 28th Oct trading session, SANTOS trading volume was up by 2,244.57%. This news boosts the fans’ momentum, making crypto skyrocket. Binance officially announces the SANTOS listing, but possible changes and adjustments will be made looking at the market post-listing.
Not only SANTOS but other crypto like Alpine F1 Team Fan Token also surged by 32.57% due to the news, as hopes among the traders increased.
SANTOS/USDT 15-Minute Chart
Fundamentally, the crypto is all set to gain a bundle of trust from the market movers, but looking at the technical aspect. We can see that though the price moved upwards rapidly, it faced rejections from higher levels.
The really can be considered as news based. Though after the selling trend, there was a creation accumulation zone, and the price broke out of it, currently price in in up trend.
If looking for an entry, then we have it once the price breaks the $5.82 and gives a close above the level, with the targets of $7.29 and $8.87 and a stop loss at $4.70.
#1 Loser: OOKI Token
OOKI crypto made an all-time low on the 28th Oct trading session, indicating a huge selling scenario. Selling continues as Binance goes through the delisting of OOKI with three other tokens. The delisting will take place on 6th Nov 2024; margin borrowing has been suspended since 25th Oct 2024. Binance will support withdrawal until 6th Feb 2025.
This sudden action by Binance was taken based on a multiple checks list which the token has to go through on a regular basis. This entire delisting news raised panic among the traders, hence resulting in huge selling.
OOKI/USDT 15-Minute Chart
As per news, fundamentally the token is going to be delisted from the Binance. Suppose you are looking to create a selling position for the token:
Enter the selling side with the stop loss of $0.000842 and targets based on trailing stop loss. Wait for the price to retest the $0.001177 level. Once the price rejects the level, enter the trade with targets of all-time low and stop loss of $0.001589.Note: OOKI will be delisted from the platform as of 6th November 2024 due to low-volume traders getting trapped. Make a position based on your own research.
The post Top Crypto Gainers & Losers: SANTOS Token +57%, OOKI Down appeared first on FinanceBrokerage.
