Overview

Investors are increasingly drawn to meme coins, including LUNA and FTT, amidst market instabilities. Recent fluctuations, triggered by a substantial decline in BTC, have led to heightened volatility in numerous altcoins, with several witnessing significant weekly downturns surpassing 10%. This article explores the current forecasts for DOGE, PEPE, and LUNA coins.

Dogecoin (DOGE)

As the foremost meme coin concerning market capitalization, DOGE maintains a hovering value around $0.1, experiencing an 8% daily decrease. In parallel, BTC has dipped by 5%, reaching a low of $56,771. The market's uncertainty reflects the German government's ongoing fund transfers to exchanges.

The price analysis of DOGE indicates a breach below the $0.11 and $0.12 thresholds. A potential drop to $0.08 looms if the $0.1 support is compromised, with further backing at $0.074. However, a plausible rebound in BTC could initiate a resurgence towards $0.12, fostering an advance towards $0.138.

PEPE Coin Chart Analysis

Optimistic investors expecting a new all-time high in PEPE Coin face apprehension if it closes below $0.00000892. Subsequently, the coin might witness fresh lows ranging between $0.00000780 and $0.00000460, with a probable rebound point at $0.00000531. Despite BTC reclaiming $58,000, forecasting a definitive uptrend remains challenging due to persistent selling pressures.

Reinstating the $0.0000109 level stands crucial for a potential reversal, followed by renewed attention towards $0.00001240 and $0.00001394 levels.

LUNA Coin Price Predictions

Following the resolution of issues in the US with a substantial fine payment, Terra faces uncertainties, particularly concerning Do Kwon's impending legal proceedings in South Korea. Any approval of South Korea's extradition plea could introduce additional turmoil for LUNA. The coin's value has steadily declined post-losing the $0.54 mark.

Currently positioned at $0.37, LUNA faces the possibility of reaching a new all-time low under this level. In a favorable crypto market scenario, reclaiming crucial support could propel the coin towards challenging the $0.81 parallel channel resistance. Subsequently, targeting the prevalent $1.07 benchmark, reminiscent of recent speculative surges, emerges as a viable objective.