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Bitcoin (BTC) price climbed back above $71,500 as Asian investors began their day, stirring movement in altcoins. SOL Coin is nearing $200, while DOGE hovers around the $0.18 mark. What do current price predictions indicate for SHIB, MANA, and LUNC Coin?
Shiba Coin Commentary
After a 358% increase in 14 days, SHIB price fell about 33% from its 2024 peak this week. This loss occurred as BTC price fluctuations impacted SHIB investors more than expected. Nonetheless, SHIBA Coin is currently trading at $0.0000317, close to its early 2022 price level.
If BTC can sustain above $71,500, cash flowing into major market cap altcoins like BNB and SOL could shift towards Shiba Coin. In this scenario, the coin could target the previous highs of $0.00004545 and $0.0000545. The current price suggests the uptrend could continue.
MANA Coin Commentary
At the end of 2021, metaverse altcoins created significant excitement, and big companies’ activities in this space boosted token prices. However, looking back from today, we see that most of these impactful moves were merely advertising and marketing initiatives. Progress in VR and AR, along with AI support, keeps the possibility of reaching the envisioned levels of the metaverse alive.
Yet, investors are not as enthusiastic as they were at the end of 2021. Instead, meme coins and AI-focused tokens are attracting many new investors.
MANA Coin, which approached $6 at the end of 2021, is now trading at $0.73, far from its price zone of $2.8 (price at that time) as most altcoins climb back to their January 2022 levels. It currently targets deeper lows at $0.69 and could drop to $0.58 and $0.47 if it closes below these levels.
LUNC Coin Price Prediction
LUNC Coin, forming its fourth consecutive bearish candle on the daily chart, is now much closer to $0.000157. If it closes below this level, the price has the potential to retract to $0.000127.
Investors believing in a continued uptrend will monitor closures above $0.000171, and potential news flow triggering speculative movements could quickly reverse the situation. In the coming hours, BTC’s appetite for $76,000 could activate LUNC speculators. A minor detail, as the article concludes, BTC has fallen back to the $70,600 area, and volatility is increasing.
