Weekly Analysis of Altcoin Markets: $FET , $TRX , $SHIB - GNCrypto Analytics

FET is deep in correction after reaching its all-time high of $3.47 on March 28. The pullback has now extended to 63%, which characteristically indicates a downtrend. 

The D1 chart shows that the coin is trapped between a buyer’s zone of $0.98–$1.24 and a resistance zone of $1.61–$1.86. The coin's future trajectory will depend on which direction it breaks out from this range. 

Currently, the conditions favor further declines, potentially refreshing lows around $0.61 over the coming months, a level that may offer prospective buying opportunities.

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After reaching a local low on April 19 at $0.1049, TRX has gradually begun to rise. The asset is now testing the seller zone of $0.117–$0.120, which is pivotal resistance before a potentially stronger upward move. 

For a new global high of $0.144, buyers need to push through this range with substantial volumes and maintain strong buying pressure at the $0.127 level. 

In a bearish scenario, Tron could retest the buyer's zone of $0.105-$0.109, potentially falling to $0.100. 

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Shiba Inu is continuing a local downtrend following an earlier upward trajectory. The asset is currently testing the support zone between $0.0000183 and $0.00002. If buyers fail to maintain the price above this range, SHIB could fall to $0.000017. 

For growth to resume, the price needs to stabilize above the resistance area of $0.0000227–$0.0000241. 

The future rise will largely depend on continued interest in meme tokens and the broader crypto market dynamics.