Despite the recent fluctuations, Bitcoin still gives hope to its investors. However, the increase in BTC's dominance has led to the loss of value of many altcoins. The current status and future potential of notable altcoins such as LUNA, Dogecoin (DOGE) and BONK Coin continue to be a matter of curiosity among investors.
LUNA Coin Status$LUNA
LUNA Coin has lost value with the major decline it experienced in the market, almost falling into the "meme coin" category. Currently trading at $0.416, LUNA is observed to be experiencing increased selling pressure after losing its critical support at $0.55. If the $0.38 support point is also broken, it is estimated that LUNA could fall to $0.24. However, it is thought that the $0.81 resistance level must be overcome for LUNA to recover.
Interest in Dogecoin Continues$DOGE
Dogecoin (DOGE) is particularly notable for its whale movements and popularity. New investors in cryptocurrencies often turn to meme coins like DOGE. Donald Trump’s recent election victory has also brought DOGE back into the spotlight, but DOGE is currently trading at around $0.32. Investors expect DOGE to reach $1 with Elon Musk’s support and signs of market recovery.
BONK Coin and the Solana Ecosystem$BONK
BONK Coin stands out as a player who makes significant contributions to the recovery process of the Solana network. BONK, which has made a name for itself with its airdrop campaigns and early earnings, has gained a critical place in the Solana ecosystem. Currently maintaining its parallel channel support, BONK aims to regain the $ 0.00004185 level as support. In order to rise above this level, it needs to pass some resistance points.
Although the rise of Bitcoin in the cryptocurrency market has revealed the weakness of altcoins, each altcoin has different dynamics and potential. This does not create a completely pessimistic picture for investors.
