The price of Bitcoin $89,935 rebounded on the last business day of the week, reaching $63,000, while SHIB started the day with an 8% increase. Following a rapid recovery from below $59,000, the BTC price has facilitated a quicker rise in altcoins. Assuming this positive trend continues in the upcoming days, what price targets can be set for SHIB, DOGE, and AVAX?
Shiba Coin Price Prediction
In two days, the Shiba Coin price increased by 13% from the bottom, currently aiming for the resistance at $0.00001935. For the upward movement to become sustainable and accelerate, it is essential to regain the parallel channel support at $0.00002088, as previously mentioned.
After a few weeks of positive market sentiment for Shiba Coin, the anticipated levels are $0.00002573 and $0.00002946. If it closes above this second level resistance point, a new all-time high trajectory may be likely.
Additionally, $0.00001632 serves as a potential support level in case the BTC price reverses.
Dogecoin (DOGE)
Dogecoin $0.385056 holders managed to maintain the critical $0.105 level to limit the decline, which allowed a return to $0.11. If the positive momentum in Bitcoin continues and $67,000 is targeted again, we could see a rise towards $0.13. The pivotal point for rallying momentum lies at $0.152, and if this level is supported while surpassing $0.18, movements towards $0.23 could be witnessed.
To restore its previous highs, Dogecoin needs renewed risk appetite as promises for new functionalities and ecosystem development have been forgotten. Short-term uncertainties from the upcoming U.S. elections complicate this outlook.
Avalanche (AVAX)
Following the dips at $20.6 and $24, AVAX continues to create higher lows, supporting a stable price increase. However, more is required for significant movement. With Bitcoin’s excessive volatility, even Ethereum $3,202‘s recent gains lag behind BTC, making it challenging for altcoins to witness substantial recovery. The first target on the upside appears to be $30.72, with a secondary phase possibly opening the door to $32.95 and $42.