Bitcoin price is striving to reach new peaks above $52,000 and today has touched $52,800. Experts are targeting new highs above $55,000. However, for now, the resistance at $52,300 remains unbroken. There is still a positive outlook for altcoins, and they may create new highs in the coming hours. So, what is the latest situation for popular altcoins?
How Much is BNB Coin?
As of the time this article was prepared, the BNB Coin price stands at $355.7. The weekly chart indicates an upward trend, suggesting we should see closes above $360. The popular altcoin, which has been trying to end the downtrend since May 2022, has not been able to surpass this region and has continually returned to support levels.
If it can now remain strong above $360-$363, it could initiate a new move up to $400. Beyond that, there is potential for the rally to extend up to $457.
Arbitrum Coin
Arbitrum Coin continues its attempts for a new ATH. Although it hasn’t been on the market for very long, if it can turn the $2.21 level into support, it could reach peaks above $2.42. As the largest layer2 platform in terms of total locked value, this altcoin stands out from its competitors, and there is another price catalyst. That is the Ethereum Dencun update scheduled for mid-March. This update will reduce transaction fees on the network by about 90%.
In a possible downturn scenario, the supports at $1.92 and $1.7 could be tested.
What is Dogecoin’s Price in Turkish Lira?
The Dogecoin price in Turkish Lira is currently at 2.62 TL. Fluctuations in the BTC price have slightly shaken it. The price, unable to return to the parallel channel, has turned its support level into resistance. For further increases, $0.088 must be permanently secured. Above this, peaks at $0.094 and $0.0988 can be targeted.
The short-term ultimate goal is $0.106. We have been highlighting these key areas for a long time, but DOGE has not been able to make the expected move due to lack of volume.
AVAX Coin Commentary
One of the largest smart contract platforms reminded us of its potential with yesterday’s Citi news. The price has started to recover gradually from $31.44. Now, having crossed the middle area of the channel, it targets $50. Beyond that, we could see the AVAX Coin price rise up to $68.
If a decline begins, the middle area of the channel and then the base support will be the last stops.
