DOGE is holding on to $0.38 support and is targeting $1. WIF Coin could break $3 if it closes above $2.2. BTC will be determined by data to be released next week, but Trump’s support for the markets continues.
The price of Bitcoin is currently hovering around $98,000 at the time of writing. While there are favorable conditions for altcoins, Ethereum has yet to break the $3,700 level. The decline in volumes over the weekend has prevented major movements in altcoins. However, volumes are expected to increase on Monday and the expected movement in cryptocurrencies will begin. So, what do experts predict for DOGE and WIF Coin?
DOGE is holding the $0.38 support firmly. Having held the $0.3 support throughout the last two-week decline, the bulls are now preparing for further gains. With Trump taking office, more investors are expected to be drawn into the market thanks to crypto-friendly policies. This means increased interest in meme coins. Analyst Trader Tardigrade is talking about DOGE potentially breaking its all-time high. DOGE has reached its current price structure after falling 45% from its recent peak. This signals that it is preparing to continue its rise and potentially break the ATH level.
Regarding WIF Coin, analyst TraderSZ emphasizes that $2.2 is a critical level. If this level is exceeded, he predicts that the price will make a serious increase. Testing the bottom for the third time, the price will exceed the $2.2 level and reach peaks of $3 and above.
The total trading volume of cryptocurrency markets fell to $83 billion, while the market value fell to $3.46 trillion. Bitcoin, although gaining 4.5% on a weekly basis, could not achieve a stable close above the $98,500 level.
The Fed minutes to be released on Wednesday are not expected to provide much support to cryptocurrencies. However, if the US economic data to be released on Friday is positive, a good opportunity may arise for Bitcoin with the update of the interest rate projection.
It is thought that Bitcoin’s correction phase is over and with the lack of confidence decreasing, the possibility of BTC surpassing its previous all-time high is increasing.