- Binance Expands Trading Options with Five Altcoins and New Spot Trading Pairs
- Maker (MKR) Maintains Bullish Trend While Epic Cash (EPIC) Faces Bearish Pressure
- Rocket Pool (RPL) Holds Stability as GMX and dForce (DF) Show Mixed Market Signals
Binance, one of the world’s largest cryptocurrency exchanges, has unveiled its latest strategic move by adding support for five altcoins: Maker (MKR), Epic Cash (EPIC), dForce (DF), GMX, and Rocket Pool (RPL).
This decision includes the introduction of new spot trading pairs and trading bot services, further solidifying Binance’s position as a market leader. In addition to these advancements, Binance is offering discounted taker fees on both new and existing USD spot and margin trading pairs, enhancing trading opportunities for users globally.
Maker (MKR) Shows Bullish Strength
Maker (MKR) has demonstrated bullish momentum, currently priced at $1,274.71, reflecting a 3.87% increase in the past 24 hours. The price initially dipped but recovered sharply, hitting a high of $1,325 before a slight correction. The overall trend remains positive, with higher highs and higher lows signaling strong market confidence.
The key support levels for MKR are found at $1,227, which marks the lowest point on the chart, and $1,250, which acted as an intermediate support. Resistance levels have been established at $1,300 and $1,325, where selling pressure previously emerged.
Epic Cash (EPIC) Faces Bearish Pressure
Unlike MKR, Epic Cash (EPIC) is experiencing bearish sentiment, with a current price of $0.3478, down 5.55% over the past 24 hours. The price initially spiked but declined steadily before rebounding from a low below $0.30.
Market volatility remains high, indicating possible short-term uncertainty. The primary support zones are in the $0.30 – $0.31 range, while resistance is present at $0.35 and $0.3685, which was the opening price.
dForce (DF) Maintains Modest Gains
dForce (DF) has shown slight bullish movement, trading at $0.08476 with a 0.2% increase in the last 24 hours. Price volatility remains moderate, with the asset reaching a high of $0.08835 before pulling back.
Key support is at $0.0835, while resistance levels are identified at $0.0865 and $0.0883, where sellers have historically stepped in.
GMX Struggles to Regain Momentum
GMX is currently trading at $14.47, reflecting a 1.61% decline over the past 24 hours. After an early sharp drop to $14.00, the price rebounded but remained below its starting level.
Market sentiment remains uncertain as the asset struggles to maintain upward momentum. Support exists in the $14.00 – $14.10 range, while resistance is noted at $14.55 and $14.68, which represents the day’s high.
Rocket Pool (RPL) Displays Stability Amid Market Fluctuations
Rocket Pool (RPL) has shown slight bullish movement, trading at $5.12 with a 0.44% increase. After opening at $5.10 and surging to $5.20, the price retraced to $4.95 before recovering.
The trend indicates potential consolidation before the next price move. Strong support is located between $4.95 and $5.00, while resistance levels appear at $5.15 and $5.20, which was the highest price reached during the trading session.
