Low volatility and movements in narrow price ranges were observed in the cryptocurrency markets for the last two quarters. However, this period of stagnation is over. This period of congestion, which disappointed investors, has finally ended. Bitcoin's surpassing the $ 74,946 ATH (all-time high) level has now paved the way for the $ 80,000 target. So, how will this rise be reflected in altcoins? How will the future of LUNC, PEPE, FLOKI and BONK Coins take shape?
With the general rise in cryptocurrency markets, even LUNC has been on the move. We previously noted that if LUNC maintains its $0.0000807 base, it is likely to test the $0.0000964 resistance level. Although the price is currently approaching this resistance level, it has not yet been able to test it. However, with the continuation of the uptrend in altcoins, it is anticipated that more speculative movements may be seen.
Optimistic Scenario: Upper Wicks and New Highs for LUNC$LUNC
If an optimistic scenario comes true, the upper wicks of the LUNC price are expected to reach $0.00011028 and then test this level as support. This could open the door for LUNC to rise to new heights. On the other hand, PEPE Coin has also started an upward movement. The rise that started at $0.00000761 could advance to $0.00000960. However, it will be important for the continuation of closings above $0.00000960 in order to retest the $0.0000119 resistance level.
Slow But Steady Increase in PEPE Coin: The Role of BTCD$PEPE
PEPE Coin has increased by 22% in the last 24 hours. However, if Bitcoin Dominance (BTCD) increases rapidly, the growth rate of altcoins is expected to be slower. Despite this, it would not be surprising to see significant fluctuations in altcoins in the medium term. In order to reach the $0.0000119 level, which is a clear target for PEPE Coin, the general optimism in the market may need to continue.
FLOKI Coin: Rising Demand for Meme Coins$FLOKI
FLOKI Coin has attracted attention by gaining about 20% from the lows. The price is currently approaching the critical resistance level. If it closes above the $0.0001544 level, the next target for FLOKI Coin could be $0.0002117. The intense interest in meme coins is increasing especially in bull markets, and this is pushing prices even higher as investors aim for quick gains in the short term. If this trend continues, FLOKI Coin could push its all-time high price even higher.
BONK Coin: Solana Network and the Rise of the Bull Market
BONK Coin may rise, especially with the enthusiasm in the Solana network. If the Solana network reaches new heights in the bull market, BONK Coin seems to get a share of this rise. BONK, which uses the advantage of being a meme coin on the Solana network, is likely to rise to $0.00002172. If the upward momentum in the Solana network continues, the $0.00002924 level can be targeted for the BONK Coin price. Retesting the parallel channel bottom as support will contribute to the realization of this target.
Conclusion: Be Prepared for Altcoin Fluctuations
Due to the general rise in the cryptocurrency market, significant price movements are also seen in altcoins. However, Bitcoin's market dominance and BTCD's increase may limit the growth rate of altcoins. Nevertheless, being prepared for fluctuations in altcoins and carefully monitoring market dynamics will be beneficial for investors.