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After excessive selling, we began to see support levels being reclaimed in altcoins on June 25. BTC rose again to $62,000, and altcoin investors are erasing their losses. However, they are still far from the days when BTC was at $72,000. Some altcoins have even retreated to last year’s levels. So, what are the current predictions for SHIB, FLOKI, and XRP Coin?
Shiba Inu (SHIB)
On June 14, SHIB price broke below the parallel channel support and saw a loss of nearly 24%, hitting the bottom. Now, it is trying to recover from here. Has the parallel channel support been reclaimed? No, it hasn’t succeeded yet. If BTC remains strong, the bulls may move to reclaim the support at $0.0000209.
Reclaiming this support is crucial to target peaks at $0.000038 and above. The parallel channel resistance for a new peak is at $0.0000292, where a correction may occur. As long as the price stays within the parallel channel, the bulls’ motivation will remain strong, but if it continues to linger at current levels, new lows between $0.000012 and $0.0000099 are possible.
FLOKI Coin Price Prediction
At the peak, investors largely avoided selling despite being profitable. However, they later realized that those who sold followed a correct strategy and had the opportunity to accumulate FLOKI Coin from the dips. Demand at lower levels is seen at the tail at $0.000149. Even during the last drop, investors did not refrain from buying.
At this stage, the goal is to achieve closures at $0.000198 and above. If the bulls succeed, the last hurdle before the ATH at $0.0003006 can be targeted again. The altcoin, which has not yet lost its upward trend, may fall to $0.000096 during excessive selling.
XRP Coin Price Analysis
Not much has changed here. Although BTC hasn’t experienced such excessive selling, XRP Coin investors manage to remain indifferent. The price, which has fallen back to $0.46, is trying to reclaim the support at $0.48. The familiar price regions are not surprising anymore because we were talking about the same price regions in September and October 2023.
It is not possible to talk about a real bull performance unless the XRP Coin price turns the $0.58 support into a solid support. If BTC recovers, there may be a test at $0.58. Then, the middle area of the parallel channel at $0.74 and the resistance at $0.937 will be targeted. The bull peak will be above this parallel channel resistance, and surpassing $1.3 in market value terms is not as easy for XRP Coin as it used to be.
