Bitcoin (BTC) $108,458 price stands at $93,988, experiencing a decline today. Sales began with the opening of the U.S. markets. However, the significant support level at $93,200 remains intact, keeping altcoin traders hopeful. This article will discuss potential price targets for Spell, Cardano
$0.747827 (ADA), AVAX, and BONK Coin in the upcoming days.
Spell Coin and ADA Price Predictions
For altcoin traders, the end of BTC price declines indicates that dull days may soon be over. While a general upward trend has not yet commenced, if BTC remains strong over the next few weeks, we might witness a shift.
Spell Coin surged to $0.0020878 this year but dropped approximately 78% over 71 days. Fortunately, it maintained support at $0.00044, preventing further attempts at new all-time lows. Currently, tests are underway to reclaim the key level of $0.000647. The recent attempt generated significant upper wicks due to short-term profit-taking.
However, if the support at $0.000560 is held, more tests in that area may occur. Following that, reclaiming the $0.000713 level could pave the way for attempts above $0.001164.
ADA Coin exceeded the expected mark of $0.7, but the momentum did not sustain. We may now see a pullback towards the $0.67-0.65 region. The allure of short-term gains is unfortunate for ADA Coin. Nevertheless, we could see new peaks between $0.750 and $0.827 in the coming weeks, contingent on BTC’s performance.
AVAX and BONK Coin Insights
BONK, a popular meme coin on the Solana $176 network, struggles to reach the $0.0000225 threshold as SOL Coin price remains below $150. Today’s price drop reflects profit-taking amid expectations of a decline. Many altcoins exhibit similar patterns, as investors remain wary of BTC price movements and respond with heightened volatility.
In the event of a BTC drop, the price target for BONK Coin would be $0.0000159. However, if the overall sentiment strengthens, it could rise as high as $0.0000293.
AVAX is underperforming due to high double-digit inflation and weak TVL growth compared to its competitors. While many altcoins reach new highs, AVAX struggles to rise above $23 and is currently trading around $19.7. If resistance is broken, short-term peaks of $27.25 may become a focal point.