đ Altcoins and Memes Recover Support Levels After Excessive Selling
Following heavy selling pressure, altcoins have started to recover their support levels as of June 25. Bitcoinâs (BTC) resurgence to $62,000 has helped altcoin investors minimize their losses, though the market is still far from the highs witnessed when BTC was at $72,000. Some altcoins have regressed to last yearâs levels, prompting questions about the future trajectories of SHIB, FLOKI, and XRP.
đ¸ What Is the Outlook for #ShibaInu ?
Shiba Inu (SHIB) saw a significant drop on June 14, breaking below its parallel channel support and losing nearly 24%. Despite attempts to rebound, SHIB has not yet reclaimed this critical support level. If Bitcoin remains robust, the bulls may aim to recover the support at $0.0000209. Achieving this would be crucial for targeting higher peaks at $0.000038 and beyond. However, if SHIB lingers at its current levels, new lows between $0.000012 and $0.0000099 could be expected.
đ¸ How Is #FLOKI Coin Performing?
During its peak, many FLOKI Coin investors opted not to sell despite being in profit, only to realize later that selling at the highs might have been a wise move. Currently, demand at lower levels has been observed at $0.000149, with investors buying even during the most recent dip. The goal now is to achieve closures at $0.000198 and above. If the bulls succeed, targeting $0.0003006, the last hurdle before the all-time high, becomes feasible. However, excessive selling could push FLOKI Coin down to $0.000096.
đ¸ What Are the Predictions for #XRP Coin?
XRP Coin has not seen significant changes despite Bitcoinâs stability. The price has dropped back to $0.46, and it is attempting to reclaim the $0.48 support. Familiar price regions continue to dominate, reminiscent of levels discussed in September and October 2023.
