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COINTURK NEWS > Technical Analysis > Investors Eye Potential Growth in Altcoins Despite Recent Volatility
Technical Analysis

Investors Eye Potential Growth in Altcoins Despite Recent Volatility

In Brief

  • Altcoin market sees low risk appetite and weak trading volumes.

  • Ethereum expected to exceed 3,600 dollars by April.

  • BNB and Dogecoin may gain support from major asset price increases.

İlayda Peker
İlayda Peker 4 months ago
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As we approach the end of a dull weekend, altcoin enthusiasts are yet to witness significant gains. The trading volume remains weak, and the risk appetite for altcoins has diminished due to Bitcoin $107,467‘s volatility experienced over the past 70 days. Nevertheless, the hope for a market rebound following such bleak days keeps experienced investors optimistic.

Contents
ETH Price PredictionBNB and DOGE Price Prediction

ETH Price Prediction

Ethereum $2,425, ranked as the largest altcoin by market cap, is expected to undergo a significant upgrade in the coming weeks. On the ETH ETF front, the situation isn’t as dire as it seems. Since January 28, Ethereum has only recorded three net outflow days, totaling 4.7 and 22.5 million dollars, with the most significant outflow occurring on February 12, amounting to 40.9 million dollars. The remaining days have seen net inflows, highlighted by a notable 307 million dollar inflow on February 4.

Altcoin Sherpa shared a chart suggesting that after a period of dull fluctuations, Ethereum’s price may exceed 3,600 dollars by April.

“The plan for ETH remains the same. I expect it to dip slightly before rising.”

BNB and DOGE Price Prediction

BNB Coin continues to show relative strength. However, CZ’s efforts to transition his network to a Solana $144 alternative have not been successful. Despite attempts to transport his meme coin and crypto gambling from Solana to his network, the results have been disappointing. Investors are beginning to tire of this nonsense, necessitating an end to these fleeting altcoin fads.

Regarding price predictions, Mags shared the following insights alongside the chart:

“I bought BNB near its lowest point at 250 dollars. It has already increased by over 220%. The chart still looks strong, and consolidation near its ATH encourages further growth. See you at 1000 dollars.”

The rise of major assets like Dogecoin $0.16482, BNB, and ETH will also support lower market cap altcoins. It is crucial for BTC dominance to revert back to the 48% level. Trader Tardigrade remains hopeful and determined regarding DOGE‘s prospects.

“The 3-day RSI of Dogecoin has entered a potential recovery zone, indicating upward momentum may resume. The chart resembles a spiking candle with declining RSI, similar to July-August 2024.”

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 16 February, 2025 - 4:36 pm 16 February, 2025 - 4:36 pm
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İlayda Peker
By İlayda Peker
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