Nano Price Jumps 32% to $1.72 on Volume Surge, Eyes $2 Mark
Nano price surged 32% to $1.72 on November 12 after daily trading volume spiked over 220%, signalling renewed investor interest in veteran altcoins. Nano price momentum appears robust as the token staged a technical breakout above $1.20 and held $1.48 as new support, driven by aggressive long positioning incentivised by Bybit’s 400% APY leverages and growing social sentiment around “dino coins” rally. Other veteran cryptos such as ZEC, DASH, DGB, LSK, VET, ALGO, NEXO and ATOM have also seen fresh momentum amid regulatory clarity and increased institutional acceptance. Nano’s energy-efficient, feeless transaction model continues to attract integrations. Traders are now eyeing a move toward $2—the highest since December 2024—with profit-taking near resistance as the main risk.
Bullish
Nano’s 32% surge on a 220% volume spike, coupled with a clear technical breakout above key levels, signals strong bullish momentum. Similar rallies in veteran altcoins often occur when traders rotate capital into undervalued assets ahead of broader market upswings. Bybit’s 400% APY long incentives and heightened social sentiment amplify aggressive long positioning, reinforcing short-term buying pressure. The $1.48 support floor and successful breach of the $1.20 resistance mirror patterns seen in previous mid-cap breakouts, suggesting the potential for a sustained push toward $2. While profit-taking near resistance could induce minor pullbacks, overall market conditions—driven by regulatory clarity and renewed interest in utility-focused projects—underscore a bullish outlook. In the longer term, Nano’s feeless, energy-efficient model and growing integrations support continued demand and price appreciation.