The king of cryptocurrencies today surpassed its all-time high (ATH) level and created a new peak around the $70,000 mark. It even climbed up to $70,300 in Binance futures trading. Back in November 2022, only a few experienced investors who foresaw these days were laughing at the panic among people, and today they were proven right. So, what’s the latest on altcoins?
Shiba Coin Commentary
As this article is being prepared, Shiba Coin is finding buyers at $0.00003543 and continues the day with an 11% gain. Its price has approximately quadrupled in the last 14 days, indicating we are in the hottest days of 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 a range between $0.00002085 and $0.00001014.
ADA Coin Commentary
ADA Coin’s price is struggling to close above $0.781. Yet, if Bitcoin’s price maintains its strong trend, it could continue its movement towards the $0.81 and $0.86 region over the weekend. Above this, there is the challenging psychological resistance point of $1. In the event of a pullback, a target of $0.63 could be in sight.
Reef Coin Price Target
With a strong stance above the $0.0016 barrier, Reef Coin’s price reached the $0.00297 resistance but couldn’t surpass it and formed a long lower wick. Its rapid climb to the upper region following a BTC correction confirms the appetite, with a positive BTC outlook suggesting that Reef Coin could target barriers between $0.0032 and $0.0071 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 on the daily chart how it punches those caught up in short-term bullish fervor with its long upper wicks. Do Kwon is likely to be extradited to South Korea soon and may end up in jail. Therefore, the price should drop, 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 market maker’s prevention of easy money opportunities in futures trading.
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, a target of $0.065 is being eyed.
