On Friday, 27 March, the Cryptocurrency market saw a sea of red as ongoing geopolitical uncertainties weighed on risky assets. Bitcoin dropped below the $70,000 mark, slipping down to $67,000. Ethereum, Solana, and other major cryptocurrencies also faced declines.
Despite the bearish trend in the crypto market, a few altcoins such as Stargate (STG), Ondo Finance, Canton, LayerZero, and Chillz network experienced bullish movements. These coins showed positive price action, strong fundamentals, and positive community sentiments, indicating a potential for further upward momentum.
STG Coin, from Stargate Finance, reached a yearly high of $0.2818 after announcing its acquisition by LayerZero. Currently trading at $0.2794, STG has seen a 52% surge in 24 hours with a massive 724% increase in trading volume. The coin remains active in both spot and futures markets, with a total value locked (TVL) of around $1.2 million.
The price chart for STG/USDT shows a significant price spike above Fibonacci and EMA levels, with the RSI at 80 in the overbought zone. Social media sentiment and increasing volume suggest a sideways movement with potential for higher highs and higher lows.
In contrast, Ondo Finance surged to $0.289 and is currently trading at $0.268 following a partnership announcement with Franklin Templeton. The ONDO/USDT chart indicates a slightly downward trend, with $0.29 acting as a strong resistance level.
Canton Network’s native coin, Canton (CC), also made gains despite the overall market downturn. The crypto surged to a daily high of $0.147 on news of Visa becoming a Canton super validator. The CC/USDT chart shows a downward triangle channel pattern with support at $0.1415 and resistance at $0.1483.
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