Altcoins are starting to regain momentum as Bitcoin surges past $58,000. German sales and increased supply have put psychological pressure on investors. Here are some predictions for altcoins, including DOCK, MINA, and CTXC.
MINA Coin Commentary:
MINA Coin, a popular altcoin, experienced a rapid decline after reaching its peak at $1.72. It dropped 76% from the peak to its last local bottom in 116 days. Currently, it is attempting to reclaim the $0.507 support. If successful, it could return to the range of $0.581 and $0.74. The main resistance of $1.55 may be tested again if it closes above the ceiling. Bulls formed a long lower wick during the dip test, indicating potential for a rebound.
DOCK Price Prediction:
DOCK Coin started a steady decline after losing support at $0.0204, resulting in an 80% decrease in just 7 days. Although there has been a recent 50% increase, most of the losses have not been recovered. If DOCK Coin closes below $0.0057, it could experience even deeper bottoms. The long upper wick during the recent rise suggests caution for investors, as it may be driven by speculative trades.
CTXC Coin Predictions:
CTXC Coin has shown a high level of risk based on its weekly chart. It experienced a nearly 90% loss after reaching its peak in March. Despite intermittent rises, it has been on a steady decline, independent of general market sentiment. This indicates the involvement of large investors in pump and dump schemes, as seen from the long upper wicks. If there is a surprise speculative rise, its continuation will depend on the size of upcoming sales at $0.37 and $0.53 levels.
Disclaimer:
This article does not provide investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research. Stay updated on our news through Telegram, Facebook, Twitter, and Coinmarketcap.