Today, BTC fell to $58,402 and was trading at $59,244 at the time of writing. The rapidly declining price is causing concern. Significant losses were also observed in altcoins. UNI, GNO, BCH, and NOT Coin were the biggest losers among the top 100 cryptocurrencies in the last 24 hours.
UNI Coin Price Prediction
UNI Coin bulls failed to break the $11.7 resistance and are now losing support as BTC dropped 7% in a single day. UNI Coin is hovering just above the $8.8 support, and if it closes below this level, it may test new lows between $8.2 and $7.62. Beyond that, there is potential for a drop to $6.74.
If BTC sales slow down and UNI Coin rebounds, it could regain the $9.6 support and test $10.16 again.
GNO Coin Commentary
The price lost the $293 support, and GNO Coin is targeting the $268 base. If BTC avoids deeper losses, we could see the $300 threshold reclaimed. Following the liquidation of long positions after $72,000, a continuous drop seems unlikely.
BCH Commentary
The $346 support is the last stop for BCH, and the price tested this level. If it closes below this level, sales could continue to $297 and $248. This bearish scenario was already anticipated with closures below the parallel channel resistance. If the $504 barrier is not reclaimed, movements targeting $700 will be halted. However, if the current support is maintained, we may see new attempts towards the support region. The $425 level should be regained and maintained as interim support.
NOT Coin Price Prediction
NOT Coin, which spread rapidly among Telegram users and experienced massive price increases, also took its share of the market shake-up. Although it fell to the $0.0126 support, NOT Coin recovered from there. With the support of reversal signals in BTC price, if NOT Coin can close above $0.0159, it may test $0.0193 and $0.0219.
