Shiba

Bitcoin

Gains

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-surge-drives-altcoin-gains" rel="noopener noreferrer nofollow">Bitcoin Surge Drives Altcoin Gains</a><br></p>
<p style="text-align: justify">Altcoins have experienced a positive shift following a recent surge in Bitcoin prices, with some recording gains exceeding 5%. Bitcoin’s current price resistance at $66,000 has raised some concerns about the stability of these gains. However, optimism persists as incoming ETF inflow <a href="https://newslinker.co/" rel="noopener noreferrer nofollow" target="_blank">data</a> is anticipated to provide clearer <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">market</a> insights in the coming hours. Investors are now turning their attention to predictions for specific altcoins like <a href="https://en.bitcoinhaber.net/tron-gears-up-for-major-bias-update-to-boost-network-performance" rel="noopener noreferrer nofollow">TRX</a>, PEPE, and SHIB.</p>
<h2 id="what-are-the-expectations-for-trx">What Are the Expectations for TRX?</h2>
<p style="text-align: justify">Large holders of TRX, known as whales, have continued to accumulate the cryptocurrency, with significant purchases totaling over $160 million last month. This accumulation has pushed their reserves to the highest level of the year. GIOM data indicates that $142 million worth of TRX is poised for gains in the $0.123 to $0.127 price range. Should the price exceed this threshold, selling pressure may decrease as <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">investors</a> wait for even higher profits.</p>
<p style="text-align: justify">Currently, TRX is trading at $0.125 and is nearing the $0.127 resistance level. If TRX surpasses this, the price could initially rise to $0.13, and if $0.130 becomes a support level, the next target will be $0.144. Conversely, if the price falls below $0.121, it could drop to $0.116 or lower.</p>
<h2 id="how-did-pepe-coin-perform">How Did PEPE Coin Perform?</h2>
<p style="text-align: justify">PEPE Coin recently broke its all-time high on May 15, benefitting from the Bitcoin price increase. The new peak of $0.00001158 has set the stage for potential further gains, with attempts likely to reach the $0.000013 to $0.000015 range. To sustain this momentum, PEPE must turn its previous peak of $0.00001088 into a strong support level.</p>
<p style="text-align: justify">In the meme coin category, Floki has seen a more than 10% increase, while other coins like DOGE and SHIB have lagged behind. Nonetheless, Shiba Coin is showing a modest growth of 3% for the day.</p>
<h2 id="shiba-coin-commentary">Shiba Coin Commentary</h2>
<p style="text-align: justify">Shiba Coin has recorded a 3% increase, continuing its upward trend amid the general market optimism. However, the coin has not performed as strongly as other meme coins like Floki. If Shiba Coin can turn $0.00002652 into a support level, it may begin a new upward trajectory.</p>
<h2 id="actionable-insights">Actionable Insights</h2>
<p style="text-align: justify">– TRX investors should watch for the $0.127 resistance level; surpassing it could lead to significant gains.<br> – PEPE Coin needs to establish $0.00001088 as support for potential rises to the $0.000013-$0.000015 range.<br> – Shiba Coin could initiate a new upward trend if it maintains support at $0.00002652.</p>
<p style="text-align: justify">The recent Bitcoin rally has positively influenced various altcoins, yet investors should cautiously watch for key support and resistance levels to assess future market movements.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-surge-drives-altcoin-gains" rel="noopener noreferrer nofollow">Bitcoin Surge Drives Altcoin Gains</a></h5>

Bitcoin Surge Drives Altcoin Gains

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