After the Bitcoin price dropped to $64,000, it surpassed $66,000 again, and altcoins continue their rise. LINK Coin was an altcoin we warned about for a possible upward breakout yesterday, and it reached the $16 target in less than 24 hours. So, what are the price predictions for LOOM and AR Coin?
LINK Coin Analysis
On the Binance exchange, the altcoin that gained the most was Chainlink (LINK). Updates on tests with their institutional partners triggered the price increase. The Chainlink team, working with billion-dollar giants on tokenizing real-world assets, manages one of the most ambitious projects in this field.
Chainlink, which has monopolized price feeds, achieved significant early successes in the RWA field due to its data processing capabilities. CCIP and other steps fuel optimism for LINK Coin’s future. At the time of writing, the altcoin was trading at $16.5, continuing the day with a 19% increase.
The price, which surpassed the middle line of the parallel channel at $15.2, now targets $17.8. If it can turn $16.5 into support, $19.3 and $20.9 can also be targeted. In a negative scenario, $14.3 and $12.9 can be tested.
LOOM Coin Price Prediction
LOOM Coin, which turned $0.09 into support, reached the $0.103 threshold. The main support is at $0.086. A nice upward momentum has been caught, and if the resistance can be broken, $0.113 and $0.128 can be tested. As long as Bitcoin closes above $66,000, the overall market sentiment will support LOOM Coin.
AR Coin Price Prediction
In 95 days, AR Coin increased by 460%. The price, which reached the 2024 peak, surpassed $48 today. If the closures above $43 continue, AR Coin investors will target new peaks. Currently, with an increase of over 8%, AR Coin is one of the most profitable altcoins on the Binance exchange. Profit-taking at current levels would not be surprising, and losing support could quickly see a local dip in the $29-23 range.
For higher peaks, turning $50.5 into support and testing $60 is possible. A new all-time high could be achieved by surpassing the $66 resistance.
