The cryptocurrency market has been bustling with activity as the first quarter of the year comes to a close. Various events such as ETF approvals, legal cases, and the resolution of SBF's prison sentence have impacted the market. Notably, spot Bitcoin ETFs have seen significant inflows, with over $11 billion flowing in. Investors are eagerly anticipating the reveal of which institutions have invested in Bitcoin through these ETFs. As March wraps up, let's take a look at predictions for LUNA, AVAX, and DOGE.
Dogecoin (DOGE)
DOGE bulls have been striving for a positive divergence, culminating in DOGE approaching the $0.23 mark in the past 24 hours. This 20% daily gain is a substantial move, especially as Bitcoin lags behind its all-time high. DOGE stands out among the largest cryptocurrencies by market value, shining brightly.
For DOGE, closing above the key region of $0.22 could pave the way for a rally towards $0.3. The prolonged downtrend that began in November 2021 and lasted 847 days has finally ended. With DOGE easily maintaining support above $0.16, it could make its way to $0.294 and potentially $0.35. The ultimate target of $1, previously hindered by SNL Show-related turmoil, is now within reach.
AVAX Price Prediction
After reaching a local peak of $65, AVAX faced turbulence due to fluctuations in the Bitcoin price. The bullish trend was picking up steam until Genesis GBTC sales intervened. Despite this, as long as the price remains above $50.3, it could target $65 once again. In a bearish scenario, a drop to the $51.2 - $48 range could be seen before the month concludes.
LUNA Coin Price Prediction
Recent events involving FTX fraudster SBF have not significantly impacted LUNA Coin's price. Unless the price surpasses the $1.4 mark, the long-term downtrend is likely to persist. In the event of a decline, the primary target would be $0.8.
Comments