An action-packed day in the crypto options market saw several lesser-known altcoins deliver significant movements and trading opportunities.
Jupiter (JUP): Technical Breakout Signals
Jupiter's price held at around $0.436 with a modest increase of 1-2%. Technical charts indicated a bullish engulfing candlestick on the weekly timeframe. Analysts suggest that JUP might revisit its recent all-time high near $1.84 if momentum sustains. Open interest in Jupiter options increased, signaling growing trader confidence.
Floki (FLOKI): Meme Coin Momentum Returns
Floki Inu's price jumped over 8% in the last 24 hours and nearly 24% for the week, ending trading at $0.000091. The chart showed a bullish engulfing pattern, indicating a resurgence in buying momentum. The overall positive market atmosphere fueled excitement around FLOKI, with 52% of traders currently believing in its bullish potential.
Masa (MASA): Volatility & Opportunity
Masa experienced the most volatility, with prices swinging nearly 19% within a 24-hour span. Traders showed interest in options, particularly put options, indicating expectations for price drops. Despite the volatility, optimism within the community remains high, with 79% of voters expressing positive expectations for MASA's future.
The day in the crypto options market highlighted dynamic trading opportunities, emphasizing the potential for active growth for altcoins of interest to traders.
