Bitcoin price dropped to $66,764 at the time of writing, erasing much of its gains. While some altcoins are declining, Ethereum and its related cryptocurrencies are continuing relatively stronger. So, what are the current price predictions for SHIB, PEPE, and LINK Coin?
Shiba Coin Analysis
The rise in BTC price did not mean much for SHIB bulls. The price again hovered near the $0.00002195 support and could not surpass the $0.00002661 resistance level. Shiba Coin continues to trade in this narrow range. BTC is now facing the risk of a new dip after the recent poor PMI data.
If the resistance level can be surpassed, SHIB may target the peaks of $0.000032 and $0.000039. This would mark the beginning of an exciting bull market rally period for SHIBA Coin.
PEPE Coin Analysis
PEPE Coin is still aiming for new highs after its all-time record level. Investors are currently lingering at $0.0000139 after the peak at $0.0000147. PEPE Coin may still attempt new highs. This means we could see a new ATH with the potential rapid BTC rise influenced by the upcoming ETF decision.
However, investors need to consider the extremely high profitability. They will not hold their PEPE Coins in their wallets forever, and we may see annoyingly prolonged consolidation periods with profit-taking. High volatility in meme coins does not always bring gains.
LINK Coin Analysis
There was a parallel channel resistance at $17.76 that we have been discussing for months, and the price is turning back because it could not surpass this level. Recently, Coinbase announced staking services for AVAX, but the price was not affected. The LINK Coin rise triggered by the BTC increase is unsurprisingly continuing to fall towards the mid-area of $15.20.
Again, there could be a new attempt driven by BTC here. LINK Coin is a good long-term alternative with the potential to multiply its income through an expanding staking pool and the RWA area. However, good long-term alternatives may not yield good short-term results.
