Bitcoin price rapidly surpassed $61,500 after the US markets opened but couldn’t sustain it. The anticipated rise is expected to be a lifeline for altcoins, and BTC needs to consolidate above $60,000. So, what are the current price predictions for three popular cryptocurrencies?
LUNA Coin Analysis
Do Kwon managed to cancel numerous extradition orders and got another cancellation decision. Montenegro became a safe haven for him until the bull markets. Meanwhile, the trial and sentencing process in the US was completed. The company faces billion-dollar fines and restitution payments. Moreover, the competitive market conditions have made things even tougher for Terra.
Therefore, the long-term outlook for Terra (LUNA) remains extremely risky. The price chart reflects this exactly. LUNA Coin, which lingered at $0.33, saw a new all-time low of $0.24 during last week’s major drop (after the token economy update).
The previous support level of $0.32 is currently holding. If this is lost, the dip could deepen to $0.2 or even lower. On the other hand, closing above $0.46 could refocus on the $1 target by reclaiming the support at $0.545.
FLOKI Coin Analysis
Despite a tough week, FLOKI Coin maintained its support at $0.000110, proving its determination to continue the upward trend. Now, the bulls need new attempts above $0.000155. Of course, for this to happen, BTC needs to return to $65,000, proving that the $49,000 level is no longer a concern.
Subsequently, breaking the $0.000209 resistance could open the door for new ATH attempts. This will once again demonstrate the belief of the bulls who think the peak of the bull market has not yet been seen.
Solana Price Prediction
SOL Coin was lingering at $146 while this article was being prepared. I did not anticipate such a nightmare as we saw last week when we mentioned the risk of falling to $111. Nevertheless, the fact that the price did not hit the $98 dip target is motivating for those expecting an ATH. SOL Coin remained relatively strong during the days when many cryptocurrencies hit ATL.
Reclaiming the $155 threshold could see fluctuations between $168 and $193 again. The ultimate goal is to start a new ATH movement by breaking the key resistance at $210.
