The leading cryptocurrency today surpassed its ATH (All-Time High) level, reaching a new peak around the $70,000 mark. It even climbed up to $70,300 in Binance futures trading. Back in November 2022, a few experienced investors who foresaw these days were laughing in the face of the panic people were experiencing, and today they were proven right. So, what’s the latest on altcoins?
Shiba Coin Analysis
As of the time this article was prepared, Shiba Coin is finding buyers at $0.00003543 and continues the day with an 11% gain. Its price has increased about fourfold in the last 14 days, indicating that we are now in the hottest days of the bull markets. If it continues to linger at its current level, it could break the $0.0000459 barrier and leap to $0.00007484, its all-time high.
However, if BTC starts a sharp correction (like during its previous visit to $69,000), SHIB’s price could drop to the range between $0.00002085 and $0.00001014.
ADA Coin Analysis
ADA Coin’s price is struggling to close above $0.781. However, if the Bitcoin price continues its strong performance, it could move towards the $0.81 and $0.86 region over the weekend. Above this, there’s the tough psychological resistance point of $1. In case of a pullback, $0.63 could be targeted.
Reef Coin Price Target
With a strong stance above the $0.0016 barrier, Reef Coin’s price has reached the $0.00297 resistance. However, it couldn’t surpass this area and formed a long lower wick. Its rapid climb to the upper region after a BTC correction confirms the appetite; with BTC’s positive outlook, Reef Coin could target the $0.0032 to $0.0071 barriers in the coming days.
LUNA Coin Price Target
Speculative price movements equal LUNA, and investors are still buying into this excitement. LUNA Coin shows us with its long upper wicks on the daily chart how it punches those caught up in short-term bullish fervor. Do Kwon is soon to be extradited to South Korea and will likely face imprisonment. Therefore, the price should fall, but it doesn’t. Despite the new CEO’s failures, the price holding $1.05 as support could target the $1.7 region with closures above $1.35.
The significant issue here is the prevention of easy money opportunities in futures trading by market makers.
Arpa Coin Price Target
Arpa Coin is prone to upper wicks with closures above $0.08. If we see a quick altcoin rally in the market, closures above this region could push the price to $0.095 and beyond. In the opposite scenario, $0.065 is targeted.
