Why Are Binance IEOs Starting to Pump?

AI. But while it has seen a significant dump since the listing, it's now starting to show signs of a trend reversal on some timeframes as well.

As seen in the chart, the impressive volume is showing up in the last weeks showing indications of interest at this level.

I'd be highly interested if we backtest some of the previous resistance levels as support.

So what is needed right now? I'm expecting to see some backtesting of previous resistance levels for support.

If the coin can hold either of the two levels as support, further upwards moves can be expected towards resistance at 105 and possibly 120 satoshis.

Another IEO, Elrond, is showing similar signals as ONE. However, it seems to be lagging behind.

What does the chart say? It shows that the green zone flipped support after a range-bound period of 4 months.

If the price can do that, a move towards the 32-35 satoshis level is likely to occur.

The question is whether this level can be immediately flipped into support or whether a retracement is in order.

As Bitcoin has been showing weakness with the recent move to $6.5K, other altcoins are showing significant movements and potential setups.