CyberConnect (CYBER) and AirSwap (AST) Prices Surging: Here’s Why

CyberConnect (CYBER) and AirSwap (AST), have experienced significant price pumps. CYBER has surged by more than 20% today, while AST has soared over 64% in the past 24 hours, capturing the attention of traders and investors alike.

Let’s start with CyberConnect (CYBER). An analyst, CapitalTA, had previously predicted a bullish breakout for this cryptocurrency. In a tweet, CapitalTA stated, “#CYBER Bullish breakout expected, target zone 16.50/22 and higher. $CYBER can be bought with tight stop.”

True to the analyst’s forecast, CYBER’s price has indeed reached the $16.50 mark, validating their prediction. However, the market experienced a temporary setback, with CYBER’s price retracing to $12. Notably, CapitalTA’s chart suggests that this pullback to $12 is merely a minor retracement, and the overall trend is still expected to continue upwards, potentially propelling CYBER’s price as high as $48.

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Moving on to AirSwap (AST), this altcoin has been making waves with its remarkable price surge. After a major breakout from $0.13 yesterday, AST’s price has skyrocketed by 64% in the past 24 hours. Significantly, this marks the first time AST has surpassed the $0.13 price point since May 2023. Although AST briefly closed above $0.13 in December, the bears regained control and pushed the price higher at that time.

However, after enduring ten months of trading below this crucial $0.13 level, the bulls have finally taken charge, driving AST’s price up to $0.21 at the time of writing. This decisive breakout above the long-term resistance level has emboldened the bulls, who will undoubtedly seek to maintain control and potentially propel the price even higher.

Such significant price movements often generate excitement and interest among traders and investors. However, it is essential to approach these markets with caution, conduct thorough research, and exercise prudent risk management strategies. The cryptocurrency market is known for its volatility, and prices can fluctuate rapidly, presenting both opportunities and risks.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.