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Months of dull price movements continue, and altcoin losses have accelerated in recent weeks. Altcoins, which have fallen to the price levels at the end of 2023, seem to have forgotten about the Spot BTC ETF and many other major developments. However, Trump’s pro-crypto stance with the upcoming elections and billions of dollars in ETF inflows still offer hope for a crypto bull.
Shiba Coin Price
Interest is waning while competition among meme coins has increased. This makes things difficult for DOGE and SHIB. Meme coin investor groups are turning to alternatives that show more volatility and potential gains. Considering the weakening BTC price, a decline in SHIBA Coin price seems more normal.
Entering a parallel channel on March 1, the SHIB price rose to a peak of $0.0000452 but could not stay above the channel’s resistance for long. Despite many attempts, it has not surpassed this channel for 108 days. Moreover, it has been lingering below the channel’s support line for 18 days. If the selling continues, a drop to $0.0000121 and $0.0000095, where the rise began, could occur.
LUNA Coin Predictions
With the loss of $0.553, LUNA Coin entered a search for a new ATL. After the new token distribution following the collapse, LUNA Coin tends to see a new all-time low price. Although it is currently holding the previous low support of $0.377, the downtrend may continue unless it sees closures above $0.488. A reversal signal will be given if this region is reclaimed.
PONKE Price Prediction
The price, which recovered from $0.200, is experiencing extreme volatility. Large wicks in the PONKE chart show how risky this cryptocurrency is. It could form higher ranges with closures above $0.523. For now, it is lingering at a point with the potential for a rapid decline based on general market conditions.
Chiliz Price Prediction
Chiliz (CHZ) Coin price, like SHIB, is lingering around the parallel channel where the rise began. The good news is that it has not seen excessive selling down to the channel’s base. If it continues to hold the middle area, we could see a new attempt at $0.085 and $0.095 for the CHZ Coin price.
