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Bitcoin (BTC) remains above $71,500, while altcoins have suffered losses in the last 24 hours. The fluctuations in BTC price often have a greater impact on altcoins. For investors seeking short-term trading opportunities, this volatility presents a rare chance. So, what does the current outlook for popular altcoins indicate?
Reef Coin Price Prediction
Reef Coin, which has garnered significant attention from Turkish crypto investors, saw a rise to $0.0055 this week. This increase could potentially lead to a larger movement. However, fluctuations in the BTC price have triggered a pullback to the $0.043 region.
For now, as it continues to close above $0.00394, the weekly outlook still suggests an upward trend. However, if Reef Coin loses this area, it could pull back to $0.0033 and $0.0028. Conversely, revisiting the weekly high is likely in the opposite scenario.
PEPE Coin Commentary
PEPE Coin’s price, which increased more than sevenfold in 14 days, has given back some of its gains. It is now waiting for the right time to continue its ascent while maintaining $0.0000081 as support. Here too, the recent all-time high of $0.00000993 could be tested again, depending on BTC’s price performance.
In a bearish scenario, closing below the mentioned support could lead to sales down to $0.0000062 and $0.0000041.
Solana (SOL) Analysis
The $153 mark has been challenging for SOL Coin. Although the price is currently closing above $150, considering the negative performance of BTC, we could see a drop to $143 and $138. However, closing above $153 could set the stage for a climb to peaks above $200 as previously mentioned. Extreme selling could also bring a pullback to the $98 and $87 range.
AMP Coin Price Target
For investors chasing speculative trades, the price reached a peak of $0.02433 within a week, with gains around 360%. However, the price, reaching its April 18, 2022 level, did not sustain a rise. Therefore, a rapid reversal would not be surprising.
In a potential downturn, closing below $0.0118 could lead to sales down to $0.008621 and $0.006371.
