The cryptocurrency market has experienced significant movement recently. After the Fed meeting, serious declines were observed especially in altcoins and investors spent time recovering their losses. However, this process offered buying opportunities in many cryptocurrencies. Popular altcoins such as PENGU, Shiba Coin and WIF Coin managed to attract the attention of investors.
PENGU Coin,$PENGU
It became one of the prominent projects with the airdrop it carried out. Although it is known that airdrops provide significant profits to investors who wait patiently, PENGU made a rapid entry into the market and achieved a high market value. This created strong selling pressure among investors. Fluctuations in the BTC price caused PENGU to lose value. Currently trading at $ 0.027, PENGU maintains its critical support level. Especially closing above $ 0.0321 may increase expectations for a new peak. Breaking the $ 0.0395 level as a target may carry the project to all-time highs.
Shiba Coin (SHIB)$SHIB
, although it has managed to maintain the support point of $ 0.0000205 in the recent period, there are fluctuations at this level. After a drop to $ 0.00001876, the risk of a deeper decline is being discussed. However, recovery signals in BTC may create a positive ground for SHIB. Investors are watching carefully for a new rally that will reach the $ 0.00002300 level.
WIF Coin$WIF
, had previously increased by 159 percent from its November 4 price. Currently, it is finding buyers at a price close to these levels and the price is moving at levels corresponding to the post-Trump period. While the $ 2,954 level stands out as a target for a possible increase, the $ 1.46 support level can be taken into consideration in case the price declines.
These three popular altcoins are following a volatile course in the market, and investors are closely monitoring the market dynamics. In particular, the overall performance of BTC continues to play an important role in determining the direction of these altcoins.
