All three altcoins continue the day with an increase, and the BTC price is targeting 89 thousand dollars at the time of writing. Maybe the new year will shake off the dead soil on investors? The fact that the largest altcoins in their field, and especially meme coins, have experienced double-digit increases in the last few hours has raised hopes that risk appetite has revived.
PEPE Coin Price Target
ETH It took back $3,000 and BTC is about to return to $89,000. The last 15-minute long green candle shows that activity may increase as we move towards the daily close. Since altcoin investors have been seeing deeper bottoms for weeks, a rise, even if short-term, was essential. This may have started now.
Rapidly rising from $0.00000412 PEPE Coin It continues with a 20 percent increase day by day. Since we have only seen declines of this size for a long time, today’s rise is much more meaningful. Moreover, if the closes above $0.00000487 continue, the key support at $0.00000570 can be regained. Such a move could be the starting point of a larger rally targeting the $0.00000939 and $0.00001221 range.
Cardano (ADA) Price Prediction
Falling steadily for 83 days ADA Coin After hitting $0.2753 in the October 10 crash, it steadily raced towards the bottom. For now, it has started to recover from the bottom of $0.332, but it is too early to rejoice. Daily gains are above 7% and if the $0.385 support can be gained, the price is likely to continue towards $0.4845. A strong break of the $0.5453 level is expected for a return from the bottom.
While it is encouraging to see similar rises in other major altcoins, we definitely need to see more to say that the 83-day decline has reversed. If this is a break before a bigger decline, it can be painful to get caught up in the excitement and buy.
Shiba Coin (SHIB)
We mentioned that we may see bottoms approaching $0.00000960 in the third quarter of 2024 with the loss of the $0.00002063 support. Even though it regained support at the end of 2024 and exceeded the 0.00002952 resistance for a short time, the sale continued on the Shiba Coin front. Continuing its steady decline with short breaks for 391 days SHIB Easy to say, it has been causing pain to its investors for over a year.
The October 10 wick extended to $0.00000689, and just yesterday it formed a local bottom at $0.00000687. Although it tried to take back $0.00000754 today, it is difficult to say that the return from the bottom has started without seeing closes above $0.00000829. There was a similar recovery at the beginning of December, and the road to yesterday’s bottom was paved with sales at $0.00000955. You don’t have to hit the bottom, since it is already oversold, earnings are expected to increase rapidly when the rise really starts. Closes above previous rejection zones can be tracked to determine the reasonable entry point.
