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COINTURK NEWS > Technical Analysis > Market Insights: Key Predictions and Trends in Altcoin Performance
Technical Analysis

Market Insights: Key Predictions and Trends in Altcoin Performance

In Brief

  • Recent trends show a drop in altcoin values, losing optimism from earlier in the week.

  • Expert opinions suggest a mixed performance outlook for major cryptocurrencies.

  • Market movements hinge on upcoming data releases and ongoing legal cases impacting XRP and ADA.

Fatih Uçar
Fatih Uçar 3 months ago
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As of the time of writing, a significant portion of altcoins has turned red, marking a loss of optimism since Friday. Investors looking towards 2025 anticipated a price rise in the first quarter, but with the second month of this quarter coming to an end, hopes are waning. What are the latest predictions from experts?

Contents
Expert Predictions on CryptocurrencyFocus on XRP and ADA Coin

Expert Predictions on Cryptocurrency

BTC fluctuated between $96,700 and $95,227 over the last 24 hours, currently sitting at $95,700. With trading volumes dropping significantly, losses in altcoins are around 2%. Although ETH appears relatively strong, it struggles to maintain levels beyond $2,800 despite Bybit’s efforts to build reserves. There’s anticipation for the upcoming PCE data next week, which should spur some market activity.

Ali Charts shared the FLOKI chart, stating, “FLOKI may be advancing towards $0.00005, having exited a parallel channel!” Given the disinterest in meme coins, coupled with the negativity from tariffs, this scenario isn’t impossible. Consequently, the expected major rise in the first quarter might not materialize.

Focus on XRP and ADA Coin

Coinbase is set to drop its lawsuit from the SEC, which is promising, especially after the Binance case was frozen days ago. Considering Ripple’s prominence in ongoing lawsuits, it would be illogical to leave it unresolved amidst the resolution of two major cases. This context becomes even more significant when recalling Trump’s support from Ripple $3 during election periods, signaling a potential rise for XRP Coin.

Regardless, the case’s dismissal could lead to a rapid price increase for XRP Coin. Although maintaining support at $2.4, XRP remains trapped below $2.78 due to overall negative sentiment. One of two critical levels is likely to break soon.

ADA Coin has a crucial level at $0.83; closing above this may signal a turnaround. Currently, ADA remains dependent on the overall market sentiment.

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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Fatih Uçar 23 February, 2025 - 10:36 pm 23 February, 2025 - 10:36 pm
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