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COINTURK NEWS > Altcoin News > Market Analysts Evaluate Recent Trends in Cryptocurrency Prices
Altcoin News

Market Analysts Evaluate Recent Trends in Cryptocurrency Prices

In Brief

  • Bitcoin is currently struggling to maintain its price above $66,000.

  • Experts provide varied predictions for altcoins DOGS, GRT, RUN, and JUP.

  • Market trends remain volatile, raising questions about future price movements.

Ömer Ergin
Ömer Ergin 9 months ago
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As of the time of writing, Bitcoin’s price has returned below $66,000, failing to surpass the $66,400 resistance. The potential demise of a hopeful weekend for altcoins will likely be reflected in the daily closing candle of BTC. Currently, the situation does not appear overly dire. So, what do the latest chart analyses from experts indicate for DOGS, GRT, RUN, and JUP? What are the recent predictions?

Contents
Analysis of JUP and DOGSInsights on GRT and RUNE

Analysis of JUP and DOGS

Captain Faibik shared an updated chart prediction for JUP Coin about an hour ago. The recent rise in BTC prices has sparked renewed interest from analysts in altcoins, particularly those achieving double-digit gains like Shiba Coin. Market commentary, which has focused on Bitcoin $105,181 for two quarters, is now expanding to include altcoins. The analyst noted an upward breakout from a descending channel in the chart shared below, suggesting we could see gains of up to 120%.

If he is correct, a return to $2.05 may be expected. Although the channel broke upward in recent weeks, bulls were unable to sustain the momentum.

Mikybull has turned his attention to DOGS. Following its peak during the listing period, DOGS Token, the first significant meme coin experiment in the TON Coin ecosystem, has been in a continuous decline. However, according to the analyst, this trend is now reversing, indicating it is time to buy.

If the prediction holds true, levels between $0.0014 and $0.0018 could be tested.

Insights on GRT and RUNE

TRADER XO questioned why the short-term fluctuations in the market are deemed insignificant in his latest post. He reminded that while people have become bullish during the period of higher peaks and lower troughs observed between January and March 2022, the overall trend remains bearish.

Despite the upward trend historically and macroeconomically, today’s discussions have reached a point where investors claim the bull market is over due to breakouts in narrow ranges. We find ourselves back where BTC is above the previous cycle peaks.

Returning to altcoin analysis, Captain Faibik highlighted the breakout of RUNE Coin. After surpassing resistance levels, he believes the price could continue to rise to $12.50, having already increased by 36%.

Finally, analyst Waleed Ahmed reminds us that the current levels for GRT Coin, a long-standing altcoin, are significantly low compared to its future targets. The graph below shows a target of $0.77, while the current price sits at $0.192.

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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Ömer Ergin 27 September, 2024 - 8:38 pm 27 September, 2024 - 8:38 pm
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