Cryptocurrency

Solana

Biden

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-into-cryptocurrency-market-trends/" data-wpel-link="internal">Insights into Cryptocurrency Market Trends</a><br></p>
<p style="text-align: justify"><strong>Cryptocurrency</strong> <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">markets</a> continue to experience volatility, and altcoins are red today. What are the <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">price</a> predictions? The king cryptocurrency has fallen below $61,000 again, weakening hopes for a rebound. This is not surprising as the Biden administration clarifies its anti-crypto stance while the SEC keeps busy with new crypto cases.</p> 
<h2 style="text-align: justify" id="pepe-coin-commentary">PEPE Coin Commentary</h2> 
<p style="text-align: justify">Although bulls attempted to surpass $0.00000857, they were unsuccessful. The price has been below the $0.00000910 resistance level for a long time, and confidence in reaching new highs has weakened. The strengthened resistance level after the drop on March 16 represents a key area for a new ATH attempt.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-349494 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/PEPEUSDT_2024-05-09_12-40-40.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">If BTC falls below $60,000 again, we might see new bottom tests between $0.00000642 and $0.00000455. For now, BTC appears to have further potential to decline.</p> 
<h2 style="text-align: justify" id="bonk-coin-commentary">BONK Coin Commentary</h2> 
<p style="text-align: justify">One of the shining stars in the <a href="https://en.coin-turk.com/bitcoin-and-solanas-striking-performance-in-nft-sales/" data-wpel-link="internal">Solana</a> ecosystem. BONK Coin has achieved extremely impressive gains since the beginning of last year. Since March 28, the price has tested $0.00002948 three times but has not overcome the resistance. If this area can be surpassed, $0.00003677 and $0.00004262 peaks could be targeted again, but for now, the price seems likely to fall further.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-349495 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/BONKUSDT_2024-05-09_12-40-57.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">In a downturn scenario, the price is maintaining $0.00002210 as support, and if lost, sales could deepen to $0.00001424.</p> 
<h2 style="text-align: justify" id="spell-coin-commentary">SPELL Coin Commentary</h2> 
<p style="text-align: justify">After peaking at $0.00178, SPELL Coin has started moving back to the level where the rise began. Key support is at $0.000789, and closures below this could trigger sales down to $0.000608, the level where the rise began on February 22. The overall negative <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> sentiment and lack of appetite among buyers for this altcoin indicate that resistance is more likely to move downward.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-349496 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/SPELLUSDT_2024-05-09_12-49-07.png" alt="" width="1815" height="836"></p> 
<p style="text-align: justify">In the opposite scenario, after $0.00091 and $0.00105, a target of $0.00150 could be aimed for.</p> 
<h2 style="text-align: justify" id="luna-coin-commentary">LUNA Coin Commentary</h2> 
<p style="text-align: justify">We have been talking about a parallel channel for LUNA Coin for a long time, which could not maintain its ceiling as support, and the base at $0.55 was tested several times. For now, bulls are trying to maintain $0.577 to prevent deeper corrections. We will see how successful they are in this endeavor.</p> 
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-349497 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/LUNAUSDT_2024-05-09_12-51-49.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">In the opposite scenario, closures above $0.67 and $0.76 could target $1 again.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/insights-into-cryptocurrency-market-trends/" data-wpel-link="internal">Insights into Cryptocurrency Market Trends</a></h5>

Insights into Cryptocurrency Market Trends

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