Altcoin The November 2022 period was extremely scary for investors and there were those who said that prices would go to zero. However, afterwards, we saw that the markets recovered satisfactorily from the bottom, in line with historical data. Although investors who were rightfully hopeful for 2024 had a good first quarter, things turned around in the last 6 months.
Dogecoin (DOGE)
If investors were asked to predict the end of August 2024 last year, they probably wouldn’t have said the price would be below $0.1. However, unlike the nightmare of bear markets, cryptocurrencies are experiencing boring declines. Months of negativity have led to the formation of solid sell walls with strong profit taking at high levels. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
DOGE price is at $0.0984 at the time of writing. In our previous assessment, we mentioned that if the current weakness continues, the price could fall to $0.093. Below that, there is support at $0.088. If DOGE If it starts to recover, investors will probably be convinced of this after the $0.13 and $0.18 thresholds are crossed. Of course BTC should also turn $70,000 into support for an uptrend in altcoins.
PEPE Coin Comments
Today we talked about the interest of 2 big whales and PEPE Coin is the other meme coins is in a relatively better position. Closes above $0.00000697 mean that there is ground for renewed upward attempts. However, if the support is lost and the price drops below the $0.00000473 support, hopes for this year may weaken.
For the rise PEPE Coin The bulls will try to turn $0.00001074 back into support. In many altcoins, the levels are actually clear and nothing has changed. Investors have legitimate concerns about whether the worst will happen in terms of direction determination.
LUNA Coin Future, Chart
In the long run LUNA Coin It doesn’t make much sense. The management team is on trial, Do Kwon is counting the days in Montenegro, where he fled, and it’s not much different from SBF. We talked about why he was guilty and had bad intentions in many ways when he went bankrupt. Especially when the competition environment has become so strong, there doesn’t seem to be much chance in the long run.
The possible target for LUNA Coin is the $0.25 ATL level and a new bottom below it. As long as $0.314 is protected, it may stay away from the ATL attempt. For a return, the key areas of $0.44 and $0.55 must be turned into support. Since risk appetite remains weak in altcoins, there is no expectation of a speculative increase in the short term.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
