Those who love speculative price movements have made significant profits from this trio. So, is it possible again this week when BTC surpassed $69,000? Although quick ups and downs may seem like an easy way to make money for investors new to cryptocurrencies, it sometimes results in them depleting their capital. So, what is the latest situation with speculative altcoins that new investors are also showing great interest in?
LUNA Coin
It has been close to 50 days, and the price continues to move sideways. LUNA Coin remains stuck in a narrow range but does not refrain from repeating its speculative movements. On May 30, it made the latest of these and rose to $0.827. As you can see from the long upper wick, while some were excitedly buying at the local peak, others were enjoying the profits from selling.
If it closes above $0.693, the same region can be targeted again. If $0.88 is surpassed, we will likely see a new speculative rise attempt around $1.15. Of course, the extent of the sales here is important. As we have written for a long time, buying at the dips and selling at the peaks can bring profits in the short and medium term, but in the long term, LUNA Coin does not promise much future.
SHIB Price Prediction
Bulls, longing for attempts above $0.000039, are stuck below $0.0000295. Shiba Coin continues to face resistance in this area. Worse, with the loss of support at $0.0000238, deeper corrections towards $0.0000216 and $0.0000197 may occur. DOGE and SHIB need to start attracting volume together. As long as they can’t do this, new meme coins and current hype categories satisfy investors’ appetite for meme coins and speculative trades.
Elon Musk is distant from crypto, and the Shiba Coin team has not been as successful as hoped in building their ecosystem and attracting users.
FLOKI Coin Price Prediction
The popular meme coin made a promising attempt at the $0.0002860 level. FLOKI Coin was above $0.000269 shortly before the daily close when this article was prepared. If it can surpass the resistance, we might see a new attempt at the $0.000316 ATH level. Bulls are eager, and FLOKI investors are experienced in waiting for peaks with high profitability.
