Crypto market sell-off: Why are these altcoins still climbing?
The cryptocurrency market experienced a sell-off, with BTC declining by another 2%. However, ASTER, XMR, and GIGGLE displayed bullish momentum. ASTER rebounded 13% from oversold levels between $0.82–$0.92 after a pullback from $1.30, driven by CZ's $2M purchase. Key resistance at $1.20-$1.25 remains critical for further bullish movement toward $1.50–$1.60. XMR rose 5% to test $345–$350 resistance, an upper boundary of its descending triangle. Sustained moves could lead to a target near $430. Meanwhile, GIGGLE surged 128%, fueled by Binance's announcement to donate 50% of GIGGLE's trading fees to Giggle Academy's initiatives, with price consolidation below the $140 resistance indicating potential for further growth.
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Market Overview
The crypto market experienced a deepened sell-off today, with BTC extending its decline by another 2% after yesterday’s losses. However, ASTER, XMR, and GIGGLE are bucking the trend, showing strong bullish momentum. These standout performances have drawn attention amidst broader market concerns.
ASTER Gains Momentum
Aster (ASTER) price is up 13% in the past 24 hours as the token rebounds from the oversold $0.82–$0.92 zone. After a sharp pullback from its recent pump to $1.30, which was driven by CZ’s disclosure of a $2M purchase for his buy-and-hold portfolio, ASTER is now testing the 9-day EMA. A reclaim of the $1.20–$1.25 resistance zone, flipped during the October 10 crash, could signal bullish momentum for a potential retest of $1.50–$1.60 levels.
XMR Approaching Resistance
Monero (XMR) price has risen 5% in the past 24 hours, testing the $345–$350 horizontal resistance, which marks the upper boundary of a descending triangle formation. Today’s candle reached a high of $380, and if XMR closes above this level with strong follow-through, it could trigger a potential measured move to $430, based on the triangle’s lower boundary at $265. Sustained bullish momentum could drive this breakout further.
GIGGLE's Leap
Giggle Fund (GIGGLE) price surged 128% in the past 24 hours, primarily fueled by Binance’s announcement that 50% of GIGGLE trading fees will be donated to Giggle Academy’s educational initiatives starting December. On the 1H timeframe, GIGGLE shows a clear higher low and higher high pattern, supported by an ascending trendline from the $47–$50 oversold zone. Consolidating below $140, a breakout above this local resistance would confirm stronger bullish continuation.
