The price of Bitcoin rebounded on the last business day of the week, reaching $63,000, while SHIB started the day with an 8% increase. Following a rapid recovery from below $59,000, the BTC price has facilitated a quicker rise in altcoins. Assuming this positive trend continues in the upcoming days, what price targets can be set for SHIB, DOGE, and AVAX?
Shiba Coin Price Prediction
In two days, the price of Shiba Coin has gained 13% from the highest level currently targeting resistance at $0.00001935.For the upward movement to become sustainable and accelerate, it is essential to regain the parallel support at $0.00002088, as mentioned earlier.After a few weeks of positive market sentiment for Coin, anticipated levels are $0.00002573 and $0.00002574.If the price closes above this second resistance level,Additionally, $0.00001632 serves as a potential support level in case the BTC price reverses.
Dogecoin (DOGE)
Dogecoin holders managed to hold the critical $0.105 to limit the decline, allowing a return to $0.11. If the positive momentum of Bitcoin continues and $67,000 is targeted again , we could see an upside towards $0.13.The pivot point of the rally momentum is at $0.152 , and if this level is supported by breaking above $0.18, moves towards $0.23 can be seen.To restore its previous highs, Dogecoin needs renewed risk appetite as promises for new functionalities and ecosystem development have been forgotten. Short-term uncertainties from the upcoming U.S. elections complicate this outlook.
Avalanche (AVAX)
Following the dips at $20.6 and $24, AVAX continues to create higher lows, supporting a stable price increase. However, more is required for significant movement. With Bitcoin’s excessive volatility, even Ethereum ‘s recent gains lag behind BTC, making it challenging for altcoins to witness substantial recovery. The first target on the upside appears to be $30.72, with a secondary phase possibly opening the door to $32.95 and $42.