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COINTURK NEWS > Technical Analysis > Key Insights on Cryptocurrency Price Movements
Technical Analysis

Key Insights on Cryptocurrency Price Movements

In Brief

  • Bitcoin challenges $67,000, altcoins show significant gains.

  • HBAR and other altcoins attract attention with double-digit increases.

  • Market conditions provide a playground for short-term traders.

COINTURK NEWS
COINTURK NEWS 1 year ago
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Bitcoin price is currently challenging $67,000, making it a lucrative day for Binance‘s top-earning altcoins. Regardless of the conditions, there are altcoins that provide a playground for short-term traders. HBAR and three other altcoins are notable today for their double-digit rises. But how long can this rise continue?

Contents
HBAR Price ForecastBNX Coin CommentaryATA Coin Price ForecastPEPE Coin Price Forecast

HBAR Price Forecast

The price has significantly increased in the last 24 hours, nearly reaching its March peak. Despite sales above $0.12, the HBAR Coin price remains above $0.11, indicating potential for further rise. If sellers around the $0.12 region can be overcome, levels seen in May 2022 at $0.132 and $0.14 could be tested next.

In a scenario where the rally accelerates, targets of $0.26 and $0.34 are updated. However, if BTC experiences a sharp decline or if HBAR Coin investors start taking profits at these satisfying levels, we could see a drop to $0.102.

BNX Coin Commentary

The price has begun targeting peak levels from the listing period with closures above $0.77. As this article is prepared, the BNX Coin price is above $1 and could climb to $1.36 and $1.75 if the current trend continues. Beyond this, it could reach the extreme targets set during the listing period.

Possible downturn targets after $0.82 and $0.77 are $0.66.

ATA Coin Price Forecast

ATA Coin has seen a sharp recovery from the bottom, increasing by 98% in the last seven days. BTC price not making deeper lows has spurred investors to return to pre-crash levels. We had mentioned that such quick reversals could be seen in oversold altcoins. If the momentum does not wane, aiming for peaks at $0.25 and $0.275 is possible. However, a long upper wick indicates many investors have entered a satisfying profit zone.

PEPE Coin Price Forecast

PEPE Coin entered our lives during bear markets and made a significant impact during its Binance listing period with a daily volume exceeding $1 billion. Compared to today, the volume of $1-2 billion back then would now correspond to $10-15 billion. If ETH reached a volume of $11 billion in the last 24 hours, the mentioned figure must indeed be substantial.

Looking at the current price, the clear target is above $0.00000787, with PEPE Coin attempting to surpass $0.00000882 and $0.00000904. It has risen nearly 70% in four days, and the bulls have not yet lost momentum.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
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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COINTURK NEWS 23 April, 2024 - 11:52 pm 23 April, 2024 - 11:52 pm
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