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COINTURK NEWS > Technical Analysis > Analysts Predict Positive Trends for PEPE, LUNA, and Shiba Coins
Technical Analysis

Analysts Predict Positive Trends for PEPE, LUNA, and Shiba Coins

In Brief

  • Analysts foresee potential gains for PEPE and LUNA coins despite recent market negativity.

  • Shiba Coin needs to break resistance levels to reverse its downward trend.

Fatih Uçar
Fatih Uçar 8 months ago
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What do analysts think about altcoins worn out by the negativity in Bitcoin (BTC) $102,472 prices? Today, we will discuss the predictions of two different analysts about LUNA and PEPE Coins. It is also a good time to take a look at the Shiba Coin price chart. So what awaits investors for these 3 cryptocurrencies?

Contents
PEPE Coin Future PredictionLUNA Coin Future Price PredictionShiba Coin Price Future

PEPE Coin Future Prediction

The PEPE Coin price, which was lingering at $0.00000745, quickly rebounded from the drop. BTC’s negativity impacted it, like others. Being one of the most intriguing new meme coins, investors have strong expectations for the last quarter and early 2025. Crypto analyst Bulls Titan mentioned hours ago that he welcomed the support rebound.

According to the analyst, the price could make a new attempt at the resistance at $0.000000885. Pointing to a potential breakout, the analyst thinks it could be a good period for PEPE Coin.

“As PEPE bounces off a critical support level, it shows signs of strength! Bulls, after retesting the $0.000000394 area, gained momentum by pushing the price towards the key resistance at $0.000000885.

The current consolidation suggests a potential breakout toward the next target of $0.000000983 if buyers keep pushing.

Keep an eye on this level—PEPE might be gearing up for a significant upward move! As volatility increases and investors watch closely, this could be an ideal time to catch this wave.”

LUNA Coin Future Price Prediction

The second popular analyst, known by the nickname Clifton, focused on LUNA Coin. The issue here goes beyond the chart, as we have always mentioned, the guilt of Do Kwon is confirmed. The company will pay massive compensation, and we wrote that they sold their last remaining BTCs. At this point, the extradition of Kwon to the U.S. or South Korea is imminent. As lower and upper court decisions get overturned meaninglessly, the person responsible for LUNA’s collapse will pay the price.

Why is this so important? Because the Terra (LUNA) core team is gone. The new CEO is unsuccessful, and there are many alternatives to Terra. However, speculative rises could still happen, and for this, risk appetite needs to increase. Clifton also says that consolidation could soon end with a falling wedge breakout.

If proven right, the price could climb to the key threshold of $1.15 with a 272% increase.

Shiba Coin Price Future

Although $0.00001247 is successful as a support level for Shiba Coin, we have yet to see closings above the $0.00001410 threshold. With BTC lingering at higher levels, bulls might attempt here. The increasing competitive environment in meme coins and many failed attempts might make rapid movements here a low probability in the short term.

To reverse the downtrend, the $0.00002083 support needs to be regained and the $0.00002943 resistance must be surpassed.

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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Fatih Uçar 11 September, 2024 - 1:42 am 11 September, 2024 - 1:42 am
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