in short
Bitcoin’s decline has impacted altcoin prices, but some altcoins are holding up well.
APE Coin has shown significant growth due to the adoption of new layer 3 networks.
Despite the market volatility, the predictions for ATOM and MEW coins remain cautiously optimistic.
After testing the price of Bitcoin, it moved downwards, preventing many altcoins from rising. While some altcoins saw losses of more than 5%, APE, ATOM, and MEW Coin were among the top 100 cryptocurrencies.
APE coin analysis
The launch of its own layer 3 network has led to a price increase of more than 103% over the past week, with APE holding onto a large portion of its gains. This success is attributed to the increase in liquidity within the network, and if BTC does not retrace, APE could reach new heights. The altcoin, which maintains a price of around $1.58, stands out among the top 100 cryptocurrencies with a trading volume of $1.3 billion.
With $1.61 regaining support, we may see an attempt in the $1.91 to $2.07 range. After falling sharply following a market surge in March, APE Coin has staged a remarkable recovery following a 219-day slump.
ATOM Token Prediction
After a 186-day decline, the price has risen 37% in 44 days, retesting the September resistance at $5.25. The current price is $4.89, and if this resistance is broken in the coming weeks, we may see a test of $5.83. After a nearly 200-day downtrend, such a rise could signal a larger rally with a target of $14.5.
Currently, Bitcoin has not made a deeper low yet, and forming higher lows after testing its peak is bullish for altcoin traders.
MEW Coin Prediction
Since its listing, MEW Coin has surged 281% from its lows in 151 days. This gradual rise has resulted in higher peaks in the past 35 days, satisfying investors. Recently, this relatively new meme coin hit an all-time high of $0.010527 in its last daily chart.
If a pullback occurs, we could see an accelerated sell-off on a close below $0.008424
