The price of Bitcoin (BTC) $103,291 hovered around the $102,000 mark while altcoins generally continued to show negative trends. Despite the fluctuations in BTC pricing pushing altcoins to last year’s lows, the arrival of Trump might lead to significant events in the medium and long term. This raises the question: what are the forecasts for SHIB, BONK, and FLOKI Coins?
Shiba Coin Analysis
For a short period, Trump Coin briefly surpassed Shiba Coin in market capitalization, even outpacing TON Coin. However, as the excitement surrounding Trump Coin faded, Shiba Inu (SHIB) reclaimed its position as the second-largest meme coin. Nonetheless, its price has dipped below the critical support level of $0.00002077 that we frequently highlighted.
If SHIB continues to decline and closes below $0.00001892, the support level at $0.0000155 may be tested. This scenario hinges on BTC’s performance in the coming days, indicating potential buy targets in extreme sell-offs. Conversely, if the parallel channel support is regained, a return to the channel’s midpoint at around $0.0000249 could be anticipated.
BONK and FLOKI Coin Insights
Recently, BONK Coin saw its first ETF application. Like Trump Coin, BONK was included in this crypto ETF application. Its relevance is tied to the resurrection of the Solana $247 network, giving it a significant standing within the community.
BONK Coin is currently just above the support level of $0.0000290, and as long as this level holds, a new local dip near $0.0000216 is not expected. However, if the support is lost, further dips down to $0.00001833 could occur. Any newly approved altcoin ETF is likely to foster positive sentiment, making this year interesting for BONK Coin.
In a market recovery, BONK Coin’s targets are $0.00003401 and $0.0000392, followed by resistance at $0.0000447.
Excitement is rising in the RWA sector, and the FLOKI team may capitalize on these developments with tangible steps related to its RWA initiative. Currently, the TOKEN venture hasn’t shown significant impact from this sector. However, we may soon see partnerships for various types of trials.
The support level at $0.0001262 is maintained, but this may be tested depending on BTC’s performance. In an optimistic scenario, targets of $0.0001624 and $0.0002113 are expected.