Bitcoin price lingers at $64,100 while altcoins remain in the red. Trading volumes dropped over the weekend. Is the current situation a buying opportunity for altcoins that performed well during bullish periods? Let’s examine the latest price predictions and charts for PEPE and KAS Coin.
PEPE Price Prediction
As investors prepared for the new week, trading bots were more active on exchanges over the weekend. This caused volumes to drop significantly. BTC remained largely flat, and upcoming PCE and US GDP data could negatively impact risk markets, leading to significant losses in cryptocurrencies.
PEPE Coin has also suffered significant losses like other cryptocurrencies. The likelihood of such a scenario increased after its ATH. A weak bounce from $0.000010 highlights its potential for a comeback. If it can break above the downtrend line and moving averages, it could move towards $0.000014 and $0.000016.
Conversely, closing below support could risk a drop to $0.000010 and $0.000008. On the four-hour chart, RSI is below the neutral zone, and EMA20 has flattened. If the uptrend line breaks, a drop to $0.000009 could occur.
Kaspa (KAS) Coin Predictions
On June 18, KAS Coin bounced from the 50-day SMA, showing active buyers at lower levels. The bounce at $0.14 helped surpass the EMA 20 level of $0.15. If buyers maintain momentum, closing above the downtrend line could end the correction. This could lead to a test of the main resistance at $0.19.
In a bearish scenario, breaking and closing below the 50-day SMA could trigger rapid losses to $0.1. On the four-hour chart, targets of $0.16 and $0.18 are evident, but closing below $0.14 risks a drop to $0.13.
Towards the daily close, altcoins could experience volatility due to increased BTC volatility. These levels should be considered with a 50% probability in either direction, and investors should base their strategies on their own research.
