Bitcoin price was very close to its 24-hour low of $42,860 at the time of writing, and support could be lost. Trading volumes dropped below $30 billion, indicating it was not a great Sunday for investors. However, double-digit increases in a few altcoins are noteworthy. OM and LUNC Coin investors are somewhat isolated from the overall negativity.
OM Coin Price Prediction
Binance exchange’s top-performing altcoin, OM Coin, saw a near 50% increase with a price of roughly $0.184. Its price has risen about 100% in just one week, now nearing its December 2021 peak. Despite the intervening months and tough bear market, OM Coin has returned to its former bull market days ahead of schedule.
If we consider the bottom level from about 140 days ago, there has been an increase close to 1000%. This means it is among the altcoins that have achieved a 10x increase in the past few months. If the price increase continues, it could reach the December 2021 peak of $0.209. There is a key resistance level to overcome next, located at $0.43. After that, it can aim for the Binance ATH price of $0.89.
However, the negative sentiment in the general market could quickly reverse due to investors wanting to cash in on the 10x gain. If the OM Coin price loses $0.138, it could fall to $0.102 and then to $0.0806.
LUNC Coin Price Prediction
The focus of investors addicted to speculative price movements, LUNC, is on the rise again. The price increased from $0.00009445 on February 2nd to $0.00011467, experiencing a double-digit increase in the last 24 hours. As with previous rapid increases, this recovery is followed by another decline.
Prices that rise speculatively quickly reverse, and the money of investors who join the rise late ends up in the pockets of those who triggered the event. LUNC Coin, which we have discussed at length for its long-term risks, also reminds us of its risks with these kinds of traps in the short term.
BTC price continues to be negative at the time of writing, and if a rapid decline in altcoins begins, we could see a drop to $0.00006903 with closes below $0.00009503.