With Bitcoin reclaiming $58,000, altcoins have started to move again. The psychological pressure of German sales beyond supply increase is better understood by investors. So, what are the predictions for altcoins? DOCK continues the day with a 49% increase and became the altcoin with the highest increase on the Binance exchange. Now let’s take a look at DOCK Coin and others.
MINA Coin Commentary
The popular altcoin, which tested $1.55 three times this year, began a rapid decline after peaking at $1.72. MINA Coin price dropped 76% from the peak to the last local bottom in 116 days. Now it is trying to reclaim the $0.507 support. If it succeeds, it will return to the rising range of $0.581 and $0.74.
In case of closing above the ceiling, the main resistance of $1.55 can be tested again. Since it last saw prices around $0.397 at the end of last year, bulls formed a long lower wick in the dip test.
DOCK Price Prediction
The steady decline began with the loss of the $0.0204 support, and the price eroded by 80% in 7 days. Despite the recent 50% increase, most losses have not yet been compensated. If DOCK Coin experiences closures below $0.0057 again, much deeper bottoms can occur. The long upper wick in the recent rise, triggered by those buying from the bottom and possibly chasing speculative trades, indicates that investors should be cautious.
For a possible reversal, the lost support that triggered the 80% drop needs to be reclaimed.
CTXC Coin Predictions
You can easily see how risky an asset it is by just looking at the weekly chart. CTXC Coin experienced a nearly 90% loss after the peak in March. Despite intermittent rises, we see a very steady decline period independent of the general market sentiment. This indicates that some large investors are engaging in pump and dump schemes, as seen from the long upper wicks.
If a surprise occurs and a new speculative rise similar to previous ones happens, we can see whether it will continue depending on the size of the upcoming sales at $0.37 and $0.53 levels.
