BTC has been closing at higher levels for the past few days, increasing investor excitement in altcoins. The king of cryptocurrencies is hovering above $64,000 at the time of writing, and many cryptos have not yet returned to their levels from the last $64,000 days. If higher level attempts continue, BTC could lift other cryptocurrencies. Conversely, it could open the door to deeper lows. Let’s look at the current predictions for DOGE, SOL, XRP, and BNB Coin.
BNB Coin Analysis
Among the largest cryptocurrencies, BNB Coin is the only altcoin besides BTC to recently see an all-time high. The $586 level is significant, and closures below it could lead to a drop to $544. If we see closures above the SMA50 price of $586, the key breakout area at $635 could be reclaimed. This was the last stop before the ATH, and this threshold could be crossed again.
On the downside, $495 and $460 remain support levels in an oversold environment.
Solana (SOL)
SOL Coin, in a descending triangle formation for days, could fall to $143 from the downtrend line. However, if the uptrend is maintained, a new attempt at $189 and $210 is expected. If closures fall below $143, the price is expected to linger within the triangle for a while. The target for continued decline will be $116 and $100.
XRP Coin Prediction
The $0.57 resistance was strongly surpassed by XRP Coin, as seen from the RSI. If this is maintained as support, a new attempt at $0.67 and $0.74 will not be surprising. Closures below $0.57 for XRP Coin could lead to new lower wicks at $0.53 and $0.48. Although positive divergence is notable here, negative fluctuations in BTC could quickly reverse the situation.
DOGE Price Prediction
The SMA50 is at $0.13, and bears are trying to halt DOGE’s rise with sales at this level. The price is above the $0.12 support, and if it falls to the SMA20 level of $0.11, the bullish scenario could be shelved again.
Once the key resistance is surpassed, the targets will be $0.15 and $0.18. For now, DOGE continues the day with a 1.84% loss.
