Altcoins have sprung back to life as Bitcoin reclaims $58,000. Investors now have a better understanding of the psychological pressure caused by German sales surpassing supply. So, what can we expect for altcoins? DOCK is leading the way with a 49% increase, making it the altcoin with the highest growth on the Binance exchange. Let’s take a closer look at DOCK Coin and other predictions.
MINA Coin Commentary
After reaching $1.72, MINA Coin experienced a rapid decline, dropping 76% from its peak to the last local bottom in just 116 days. However, it is now attempting to regain support at $0.507. If successful, it could return to the rising range of $0.581 to $0.74. Access the latest technology news on NEWSLINKER. If it manages to close above the ceiling, it may test the main resistance at $1.55 again. Bulls have shown resilience in the face of a dip, with prices around $0.397 at the end of last year.
DOCK Price Prediction
DOCK Coin’s steady decline began when it lost support at $0.0204, resulting in an 80% drop in just 7 days. Despite a recent 50% increase, it has not yet recovered most of its losses. Investors should exercise caution as there is a possibility of much deeper bottoms if DOCK Coin experiences closures below $0.0057 again. The long upper wick in the recent rise suggests that some investors may be engaging in speculative trades.
CTXC Coin Predictions
A glance at the weekly chart reveals the risky nature of CTXC Coin as it experienced a nearly 90% loss after its peak in March. Despite occasional rises, there has been a consistent decline period independent of general market sentiment. This indicates the presence of large investors engaging in pump and dump schemes, as evidenced by the long upper wicks. If there is a surprise rise similar to previous ones, its continuation will depend on the size of upcoming sales at $0.37 and $0.53 levels.
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Disclaimer: The information provided in this article should not be considered as investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and conduct their own research.
