Cryptocurrencies Turn Green as BTC Holds Above $60,000

Cryptocurrencies Rebound with BTC Sustaining $60,000

Cryptocurrencies have experienced a surge in value as Bitcoin (BTC) remains above $60,000. This movement is particularly notable in meme coins, which have historically demonstrated rapid growth during bull markets.

Meme Coin Market Overview

Despite the proliferation of meme coins, with over 2.4 million currently listed on Coinmarketcap, competition has increased in this cycle. As a result, new altcoins face reduced growth potential.

Shiba Coin (SHIB) Performance in Turkish Lira

As of this writing, SHIB is valued at 0.0005758 TL, according to 21milyon.com. It has experienced a 30.40% decline in value over the past 30 days in Turkish Lira, with weekly losses of 5.18%. However, USDT has also seen a weekly decline of 1.4%, suggesting a need for adjustment in loss rates.

Technically, SHIB has failed to reclaim its parallel channel support at $0.0000208.

PEPE Coin Outlook

PEPE, a popular meme coin of the previous year, has maintained its value above the $0.00001066 support. Despite facing limited attention, its price has continued to rise.

A breakout above $0.0000131 is possible, providing a surprise for traders. However, Bitcoin's stability will be a determining factor.

WIF Coin Chart Analysis

WIF Coin has recovered from its June 24 decline to $1.53, rising approximately 50% to $2.25. However, traders should be aware of selling opportunities during periods of decline.

To continue its growth, WIF Coin must reclaim $2.37. Beyond that, a retest of $3.71 is possible. Once again, Bitcoin's behavior will be crucial. The relatively recent emergence of WIF Coin and its history of key support visits suggest minimal risk of excessive selling at this stage.