For some cryptocurrency investors, the New Year started with extra excitement, and gains in three popular cryptocurrencies have been satisfying. While the BTC price remains relatively stable, a general weakness is observed in altcoins. So, what does the current outlook for FIL, BSV, and KLAY Coin indicate?
FIL Coin Price Prediction
Grayscale investment fund was about to be canceled, and FIL Coin became the latest altcoin to shake off regulatory pressure and turn its direction upwards. It had become less appetizing for investors as it was stamped as a security in many cryptocurrency lawsuits.
FIL Coin saw an increase of 151% in 84 days and took its share from the rise in the last quarter of 2023. The price has been rising steadily for three weeks and has been notable with bullish candles for five weeks. Closures above $7.59 are promising for the future of the price; if it can maintain this, it could return to its old peaks of $9.5 and $11.38. However, a drop to $5.8 in the opposite scenario would not be surprising.
BSV Coin Price Prediction
BCH Coin had good gains since the middle of last year, but BSV had remained calm. Now, the second Bitcoin fork token BSV is recording rapid rises. Gains have exceeded 132% in the last 50 days. If the rally continues above $101, the second major target will be $197. For this, the current price must be maintained on the weekly chart.
If rapid profit-taking starts, BSV Coin could fall as quickly as it rose and has done this many times before. The possible pullback target is $59. Closures below this could bring sales down to $44, but the altcoin, having escaped the long-term downtrend, is likely to peak at higher levels.
Still, the lack of serious long-term value production seems set to keep its risk alive.
KLAY Coin Price Prediction
Last on the list is KLAY Coin, which also rose by 11% today. However, its weekly gain is at 9%, and there is an attempt to bounce back after a decline from a new peak. The gains of 150% achieved after an 84-day struggle on December 16th have been significantly erased. Although the price rose to $0.2775 that day, it is now finding buyers at $0.233.
In the short term, it is important that the $0.21 support level is being maintained. If the $0.2433 region can be reclaimed, it could focus on the targets of $0.277 and $0.292.
