Athene Network is getting a little attention on the crypto scene with its imminent debut on BitMart. The token will be available for trading on March 27, 2025. It’s already listed on MEXC and BingX, so we can assume there will be significant price action following the debut on these exchanges. Could this new listing propel ATN to fresh highs? Let's analyze.
BingX Listing (25 Feb 2025) ATN experienced a short-term jump but later saw some correction and range-bound movements.
MEXC Listing (Mar 20, 2025): The announced release led the stock to break above previous highs and hit an all-time high before hitting bottom.
Current Status: Token trades around $0.085, down 22% in the past 24 hours, with a market cap of $25.06M and a 24-hour volume of $134.93K.
On top of the fluctuation we see above, it also reveals the key role debut on exchanges has played in shaping the token. With BitMart as one of the most widely known exchanges, there is strong speculation that the same pattern will occur in ATN as it did with a small initial price jump.
The pattern we have seen in the past debut, based on what we see here, implies a range of action for altcoin post-BitMart:
Bullish scenario: If the token continues to trade in the same way as in the past, we may see an early pullback, crossing over the all-time high. We could, therefore, see short-term targets around $0.15 to $0.30.
Bearish scenario: If selling pressure dominates after the debut ATN may experience a pullback, testing support levels at $0.05 to $0.07 before up.
Speculative Binance Listing: If Binance lists altcoin in the future, the token might take an explosive up trend toward $1 to $2 depending on market demand/investor sentiment.
Relative Strength Index (RSI): As of today, RSI is in a neutral territory, meaning it is neither overbought nor oversold.
Volume trends: The 24-hour trading volume is still pretty low, so a breakout will likely have to come with more buying power.
Community buzz: Social sentiment is a big factor when it comes to crypto fluctuations, and community hype may affect its short-term price action.
There is an opportunity for price movement following the ATN listing on BitMart, a potential market event (if successful), but cautiously. A short-term bounce advance with potential for short-term gains (for investors, depending on their motivations), while those holding the crypto long-term should consider future exchange debut and potential project developments.
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