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The last day of the week and the weekly candle for BTC looks as if it hasn’t reached its all-time high (ATH) just a few days ago. After the peak of $73,777, the following peaks are currently the biggest selling candles since the beginning of February. Moreover, the new ATH might shift investors’ appetite for new peaks to after the halving. So, what’s the current situation with altcoins?
LUNA Coin Analysis
Most altcoins continue the day with losses. We witnessed some rapidly rising cryptocurrencies like SHIB experiencing drops close to 10%. Known for speculative price movements, LUNA Coin has fallen by 44% in 13 days. Following the news of Do Kwon’s extradition to South Korea, the price belatedly dropped below $1.
As sales continue in the coming hours, a drop to $0.8 could be observed. Closures below this level would weaken the possibility of a speculative rise due to falling below the parallel channel resistance.
The current target for LUNA Coin is $0.75 and $0.58 below $0.8. For the opposite scenario, $1.05 needs to be reclaimed.
Floki Price Prediction
After the ATH, Floki Coin also suffered significant losses. We saw the price retract by 33.6% in just 3 days. The negativity in BTC prices significantly dampened the risk appetite of altcoin investors. Moreover, the flight from risk in meme coins like Floki occurs much faster.
While gains can be enjoyable, losses in meme coins are similarly rapid, as everyone (who doesn’t know or forgets) learns. If the decline continues, the Floki price could fall to $0.0001529. Below that, $0.000137 is the target.
XRP Coin Price Prediction
During this period, XRP Coin had not achieved massive gains anyway. Excluding meme coins and stablecoins, it was one of the two unluckiest in terms of gains among the top 20 cryptocurrencies by market value.
The price is now continuing to fall from a similar peak to the one it experienced on November 2 and 3. Sales will likely continue down to $0.58. Below that are the $0.54 and $0.5 regions. With further deepening of sales, a new low search towards $0.46 could begin.
