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Both projects initially struggled after listing, weighed down by a tough broader market environment. However, Daan notes that both coins have been steadily grinding higher over the past few weeks, now trading at reasonable market caps — a sweet spot that makes them easier to move on the charts.
Why the Timing Looks Right
Daan points out that new coins often rally once they find a local bottom, particularly if overall market sentiment improves. With Bitcoin ($BTC) hitting 2-month highs and Ethereum (ETH) showing strength, the broader setup is increasingly favorable for fresh launches like $GUN and $NIL.
Key Levels to Watch
GUN: Looks attractive if it breaks out above ~$0.069 NIL: Would look strong above ~$0.47
Breaking these critical levels could signal the start of a stronger move upward over the coming weeks — assuming the overall crypto market continues to cooperate.
Daan closes on a hopeful note, suggesting that if the environment stays supportive, these coins could be positioned for strong runs.
The post 2 New Binance Listed Coins to Watch: Expert Explains Why appeared first on Coindoo.
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