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COINTURK NEWS > Technical Analysis > Altcoins Show Potential for Growth
Technical Analysis

Altcoins Show Potential for Growth

In Brief

  • Altcoins are expected to move soon, indicating better days ahead.

  • Solana, BNB Coin, and Ripple show potential for price increases.

  • Dogecoin maintains key support and could see a local peak.

COINTURK NEWS
COINTURK NEWS 10 months ago
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We must be approaching the days when altcoins will start to move. Otherwise, the belief that crypto has peaked will strengthen. Although BTC has reached its ATH level, the peak seen this year is illogical compared to previous peaks. This means we should see better days for altcoins during the real peak journey. So, what are the expectations for altcoins?

Contents
Solana (SOL)BNB CoinRipple (XRP)DOGE Price Prediction

Solana (SOL)

The well-known and fast, cheap Solana attracts new investors. After emerging as an Ethereum competitor, Solana has strengthened, and now we see Solana’s competitors being born and trying to survive. EMA20 is at $148, and the profit-taking here shows the density of investors not expecting a short-term rise. Considering the movements of the last few months, they are justified.

The $136 and $116 supports are possible dip targets in a decline. However, if EMA20 is broken upwards, the SOL Coin price can climb to $164 and $185.

BNB Coin

The Binance-backed altcoin is the only altcoin among the largest by market value to see ATH this year. EMA20 is at $529, and the price is above this. Although RSI is close to the neutral zone, a new attempt at $600 would not be very surprising for the positively diverging BNB Coin, even if weak under current conditions. There is potential for a return to the famous $495 support in case of closures below EMA20.

Above, breaking the $635 support would reopen the door for a new all-time high price attempt.

Ripple (XRP)

The lawsuit is ending, and Ripple is completing the process with significant gains. There are serious victories, such as the second market sales not being considered securities. The price is above the EMA20 level of $0.57. If we can see closures above $0.59, the XRP Coin price can rise to $0.64 and $0.74.

In case of a surprise drop in BTC, the target is $0.54.

DOGE Price Prediction

Although its competitors are increasing, Dogecoin still maintains its status as Dogecoin and the largest meme coin. With its price of $0.1, it has not yet lost its key support. In a decline, $0.09 and $0.08 will be targeted. In a rise, a local peak could be between $0.14 and $0.18.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 20 August, 2024 - 4:01 am 20 August, 2024 - 4:01 am
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