Bitcoin has started upward attempts again, and the higher low has increased investor motivation. The altcoins turning green is also positive. What if BTC ends this agony and continues upward from the current level? What will happen in a downturn scenario? Let’s examine and prepare for possible targets.
Binance Coin (BNB)
The BNB of Binance, the world’s largest cryptocurrency exchange by volume, recently reached an all-time high. It was the first in its class after BTC to see a record in market value. When we look at the market value rankings, some major altcoins have not fully escaped the narrow ranges of late 2023.
The end of the US lawsuit, CZ stepping down, and the exchange maintaining its strong position should be appreciated. The price proves this. For BNB Coin bulls, the $635 level is the main target before the ATH. The price fluctuating between $560 and $635 may target $495 in a downturn. Conversely, it will want to return to $700.
Solana (SOL)
Two ETF issuers will apply to the SEC for an altcoin a few days apart, and that altcoin’s price will not care. Is such a thing possible? Yes, it is possible because the SOL Coin price did not react significantly to VanEck and 21Shares’ spot SOL ETF applications. Just the rumor had caused over 20% increases in many altcoins. On the other hand, last week’s market weakness normalizes this.
Reclaiming $143 is positive, and this EMA20 should be maintained as support for a short-term rise. We may see new attempts at $175 and $188. Of course, BTC must remain strong. In a downturn scenario, there is a risk of continued sales down to $116.
XRP Coin Price Prediction
Whether BTC rises or falls, XRP Coin price manages to hover around $0.47. BTC rose, and XRP Coin is still finding buyers at $0.47. SMA50 is at $0.5 for XRP Coin, and if this is reclaimed, $0.53 to $0.57 will be targeted.
In a downturn scenario, the targets of $0.46 and $0.41 remain valid.
