Bitcoin price volatility has significantly shaken altcoins, leading to substantial value losses. While altcoins were targeting new highs recently, investors now show little interest in the current price levels that have fallen to support levels. What are the current predictions for PEPE, LUNA, and SOL Coin?
PEPE Coin Commentary
Following a rally at the end of February, the price had increased more than eightfold in 19 days. However, it has now dropped by 55% from its 2024 peak. The recent decline has pushed the PEPE Coin price down to $0.00000400, indicating active buyers around the key region. However, there is not enough demand in the $0.00000522 area.
If BTC recovers from its low, PEPE Coin bulls could reclaim the $0.00000609 threshold and target $0.0000078. Beyond that, the peak is at $0.0000092. However, in the opposite scenario, we could see drops to $0.00000271 with the mentioned support lost.
LUNA Coin Predictions
A sharp pullback occurred to the previously mentioned support base of the parallel channel. The price, which had spiked below $0.55 to $0.50, is now struggling to reclaim the $0.604 support. If it surpasses $0.66, LUNA Coin could return to $0.86. However, the overall market sentiment is not very supportive at the moment, and news flow for LUNA does not seem favorable for bulls.
In case of continued decline, potential targets are $0.5 and $0.37. Below that, LUNA price will continue its descent to find new ATL levels. It would not be surprising if Do Kwon’s house arrest ends with extradition to one of two countries. Moreover, the ongoing U.S.-based lawsuit continues, and the Terra executive is accused of fraud.
Solana (SOL)
On March 5, SOL Coin fell back to the $116 area where it had previously spiked, and it has not recovered as before. The concerning issue is the risk of significant dampening of enthusiasm in the Solana network due to the negativity in BTC prices. If this happens, investors aiming for new ATHs might have to wait longer in the medium term.
Currently, there have been no closures below the $131 support, but if we see this, the price could fall to $121 and $107 levels. Below that, a $98 base exists. However, in the opposite scenario, closures above $152 could target the $175 and $188 areas again.
