Bitcoin $98,342 continues to exhibit high volatility, which may increase once election results are announced. The outcome of the contest between Harris and Trump has everyone holding their breath. A Trump victory is likely to yield favorable results for cryptocurrencies. Conversely, if Harris wins, there is a risk of recurring nightmares from the Biden administration lasting for years. What predictions exist for Shiba and PEPE Coin?
Shiba Coin Analysis
The $0.0000188 level remains unbroken by Shiba Coin bulls. As the first obstacle, the recovery of the parallel channel at $0.0000208 has not been surpassed, highlighting notable investor reluctance. Meanwhile, Bitcoin, having lost $69,000 again, finds buyers at $68,400.
If selling continues, we might see a test of $0.00001620. Should Harris win, new lows might be experienced below this critical area in the coming hours, with the extreme selling target being set at $0.0000122.
Shiba Coin investors remain hopeful for long-term growth, as they have stayed close to the parallel channel support for months. The Shiba Coin team’s significant advantage lies in their ability to announce substantial events and goals during bullish periods, striving for necessary positive differentiation. If historical trends repeat, escaping this medium-term range within a few months is plausible.
PEPE Coin Predictions
Many experts claim that PEPE Coin will attract considerable attention during this bull season. This is attributed to its strong community, trading volume, and the fact that it has yet to experience any bull markets. The rise that began at $0.00000182 in February has continued robustly. Despite significant declines, PEPE Coin has maintained its critical support level at $0.00000626 for an extended period.
While many altcoins dropped below their lows last year, PEPE Coin’s strong stance aligns with its investors’ long-term expectations. This depicts a typical pattern for new and intriguing altcoins that are about to experience their first bull run.
This week presents a broad timeframe for cryptocurrencies to rally, following the elections and interest rate decisions. During this period, PEPE Coin’s price is expected to reach new peaks.