Bitcoin’s Rally Sparks Excitement Among Altcoin Investors

You can also read this news on COINTURK NEWS: Bitcoin’s Rally Sparks Excitement Among Altcoin Investors

Bitcoin’s price is showing promising signs of recovery, having surpassed the $45,000 mark, which has also excited altcoin investors. The encouraging aspect is that the price did not linger long in the support region of $38,500 and has managed to reclaim resistance within a month after ETF sales. So, if the BTC rally continues, at which levels should XRP, LUNA, and DOGE investors be looking?

XRP Coin Price Prediction

Ripple continues its tough battle with the SEC, obligated to publish financial statements and report on corporate sales. The latest court decision indicates that not all outcomes will favor Ripple. As we’ve always mentioned, the collective appeal process will play a significant role in limiting risk appetite this year.

XRP Coin’s price was at $0.516 while preparing this article and has shown a weaker recovery compared to alternatives like ADA and SOL Coin. The lack of a bounce from the $0.5 support confirms the cautious stance of the bulls.

For investors to be convinced of a renewed uptrend, the $0.55 area and the parallel channel support at $0.58 must be reclaimed. If successful, targets of $0.64, $0.68, and eventually $0.736 could come into play. However, the rapidly increasing circulating supply puts even long-term targets of $2 at risk.

LUNA Coin Price Prediction

Terra scammer Do Kwon’s delayed extradition to the US caused a temporary price surge today. The long upper wicks in the LUNA Coin price chart tell the tale of traders chasing speculative trades and exiting late. Technically, a close above $0.673 could lead to a spike to $0.75.

DOGE Price Prediction

In the most optimistic scenario, DOGE’s price is expected to target the barriers of $0.0857 and $0.088 with a close above $0.083. If the second target, the parallel channel support, is reclaimed, bulls may find the support they need to test the strong resistance at $0.09 once more.

In the ongoing rally, targets of $0.0946 and ultimately $0.106 could be aimed for. For now, the sideways trend continues, and the BTC recovery has not found much resonance on the Dogecoin front.

The post first appeared on COINTURK NEWS: Bitcoin’s Rally Sparks Excitement Among Altcoin Investors