Bitcoin's price reached a daily peak and then quickly fell below $58,000. This volatility created challenges for altcoins, including LUNA and PEPE Coin. Let's look at the current predictions for these cryptocurrencies.
LUNA Coin Price Prediction
Most altcoins are in the red, and the situation for LUNA Coin is also unfavorable. The nightmare initiated by Do Kwon's team in 2022 continues to impact the market. Currently, litigation in the US is ongoing, and Terra has to pay billions of dollars. Additionally, the decision to extradite Do Kwon to South Korea was overturned. Under such conditions, the development of the Terra network faces difficulties. LUNA Coin's price is trying to maintain support at the $0.298 level. Potential growth could lead to new peaks ranging between $0.35 and $0.47. Otherwise, a new All-Time Low may be targeted.
PEPE Coin Price Prediction
Support at the $0.00000597 level for PEPE Coin remains intact for now, but there's a risk of falling to $0.00000456. Despite this, hopes for reaching new highs for PEPE Coin linger. If closures start above $0.00000917, new All-Time High attempts could begin. Meanwhile, a fall of Bitcoin to $56,000 might test the support level for PEPE Coin as well. If the rise continues, targets at $0.00001311 and $0.00001580 could come into play.
General Conclusions
The rapid fall of Bitcoin's price below $58,000 after reaching a daily peak has created volatility in the cryptocurrency market, particularly affecting altcoins like LUNA and PEPE Coin. Current predictions indicate possible supports and potential growth levels for these coins, but risks of a decline remain significant.
The fall of Bitcoin's price below $58,000 after reaching its daily peak has led to increased volatility in the cryptocurrency market, significantly impacting altcoins. It's essential to monitor the situation's development, as it could significantly influence the market.
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