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Cryptocurrency markets continue to experience volatility, and altcoins are red today. What are the price predictions? The king cryptocurrency has fallen below $61,000 again, weakening hopes for a rebound. This is not surprising as the Biden administration clarifies its anti-crypto stance while the SEC keeps busy with new crypto cases.
PEPE Coin Commentary
Although bulls attempted to surpass $0.00000857, they were unsuccessful. The price has been below the $0.00000910 resistance level for a long time, and confidence in reaching new highs has weakened. The strengthened resistance level after the drop on March 16 represents a key area for a new ATH attempt.
If BTC falls below $60,000 again, we might see new bottom tests between $0.00000642 and $0.00000455. For now, BTC appears to have further potential to decline.
BONK Coin Commentary
One of the shining stars in the Solana ecosystem. BONK Coin has achieved extremely impressive gains since the beginning of last year. Since March 28, the price has tested $0.00002948 three times but has not overcome the resistance. If this area can be surpassed, $0.00003677 and $0.00004262 peaks could be targeted again, but for now, the price seems likely to fall further.
In a downturn scenario, the price is maintaining $0.00002210 as support, and if lost, sales could deepen to $0.00001424.
SPELL Coin Commentary
After peaking at $0.00178, SPELL Coin has started moving back to the level where the rise began. Key support is at $0.000789, and closures below this could trigger sales down to $0.000608, the level where the rise began on February 22. The overall negative market sentiment and lack of appetite among buyers for this altcoin indicate that resistance is more likely to move downward.
In the opposite scenario, after $0.00091 and $0.00105, a target of $0.00150 could be aimed for.
LUNA Coin Commentary
We have been talking about a parallel channel for LUNA Coin for a long time, which could not maintain its ceiling as support, and the base at $0.55 was tested several times. For now, bulls are trying to maintain $0.577 to prevent deeper corrections. We will see how successful they are in this endeavor.
In the opposite scenario, closures above $0.67 and $0.76 could target $1 again.
