The resurgence period for altcoins has begun, and BTC continues to find buyers near the $69,000 mark. The increase in Bitcoin’s price at the time of writing has turned altcoins green again. AVAX, CHZ, XRP, DOGE, and many other cryptocurrencies are continuing the day with a rise, albeit weak.
GALA Coin Price Prediction
The key for the current outlook is that the latest BTC rise does not turn into a trap like the others. If Bitcoin can maintain its closing above $67,500, this scenario could lead to a new test at $73,777 and double-digit increases in altcoins. GALA quickly climbed from $0.043 to $0.0468 today. At the time of writing, it had increased its gains to 8%.
Since May 16, transactions of $100,000 or $1 million, i.e., whale activity, have been extremely weak. At the same time, weighted sentiment dropped to negative levels, so investors did not expect a rally like today’s. CMF also did not signal a rally. In short, technical indicators do not always give accurate results. If this rise had not occurred, experts would have predicted a decline for GALA Coin based on these indicators. However, the opposite is happening at the time of writing.
For those calling for a price increase, closures above $0.0477 are currently needed. If this hurdle can also be overcome, the GALA Coin price could target the $0.0527 and $0.0615 regions. In case of a possible rejection, the target could be a gradual decline to $0.0397.
XRP Coin Price Prediction
The $0.506 support was maintained by the bulls, and XRP Coin is preparing to test $0.53 again. If successful at this point, the parallel channel resistance in the $0.57-$0.58 range, which we have discussed many times, will be surpassed, and the route targeting $0.74 will be activated. Of course, for this to happen, the middle area of the parallel channel at $0.67 must be surpassed. For now, there is nothing major on the Ripple front.
CHZ Coin Price Prediction
It struggled a lot but eventually gave up. Although the bulls worked hard to maintain higher levels as the BTC price fluctuated, they could not succeed. Therefore, while BTC is running to new peaks, CHZ Coin is below the $0.122 threshold.
For a real comeback, closures above $0.128 should target the $0.14 and $0.17 thresholds. CHZ Coin could start a surprise rally.
