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BTC has dropped below $98,000 as it approaches daily closing, pulling back from near $99,500. During the holiday week, many analysts anticipated reduced volatility and demand. However, the unpredictable nature of cryptocurrencies may lead to increased volatility in recent days. What predictions are there for DOT, FTM, AMB, and AAVE Coins?
DOT Coin Predictions
Crypto analyst Carl released a chart today showing the target for Polkadot (DOT) Coin. The analyst believes the price is currently at a crucial breakout level, explaining the medium-term cycle target.
“DOT could break out of this descending wedge at any moment! The upward target is $11.30.”
The pullback in BTC prices could hinder breakout hopes from this descending wedge. However, the daily close has not yet occurred, and if demand revives in early Asian markets, circumstances could change.
In the case of a potential quick drop, maintaining support at $6 could pave the way for a delayed breakout.
FTM and AMB Coin Price Predictions
Fantom (FTM) has gained 172% thanks to Trump’s election win, becoming popular in the DeFi space. Many cryptocurrencies have achieved similar gains, though half of those profits were returned with the BTC drop. Current support is at $0.8497, and prices are lingering around the $1 threshold.
If the BTC drop accelerates, testing the support level is possible; otherwise, a closure above $1.04 could target $1.24 and then $1.50.
AMB Coin rebounded after falling to $0.00703 due to a rise in BTC. The failure to surpass the resistance at $0.0083 makes a return to support likely. It is currently only 62% above the price on the day Trump won the election. This general weakness in altcoins offers some morale for the market’s overall bottom, but uncertainties remain.
AAVE Coin Commentary
WLFI support has created a favorable environment for AAVE Coin due to Trump. The target is once again focused on the $356 support level due to the BTC drop. If the decline continues, AAVE Coin may aim for a support level of $295.
Closing above $352 will confirm the continuation of the bullish trend in the long term. If $457 is surpassed, a larger movement towards $700 may commence.
