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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/market-trends-impact-popular-altcoins-like-avax-xrp-doge-and-bnb/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Market Trends Impact Popular Altcoins Like AVAX, XRP, DOGE, and BNB</a> 
The <a href="https://en.coin-turk.com/south-korean-government-delays-cryptocurrency-taxation/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/how-does-ethereum-eth-work/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market remains active with Bitcoin hovering above $62,600, while altcoins are turning green again. As the new week begins, significant events like the Fed minutes and U.S. September inflation data are on the horizon. Investors are likely to experience strong volatility based on these forthcoming reports. This raises questions about the current forecasts for popular altcoins such as AVAX, XRP, DOGE, and <a href="https://en.coin-turk.com/bnb-network-gains-momentum-with-rising-dex-volumes/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BNB</a> Coin.
<h2 style="text-align: justify" id="analyze-avax-and-xrp-coin">Analyze AVAX and XRP Coin</h2>
XRP Coin recently surged past $0.66 due to excitement over a Bitwise ETF application, but the SEC’s appeal reversed this trend. The SEC now has one last chance to prove the relationship between Ripple and XRP Coin. The possibility that the SEC has retained some of its strategic arguments has unsettled investors, leading the price to drop to around $0.50.
<img fetchpriority="high" decoding="async" class="size-full wp-image-394812 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-06_21-24-13.png" alt="" width="1814" height="836">
Having lost support at the $0.579 parallel channel, XRP Coin dipped by 12%. As of the writing, XRP Coin has rebounded from $0.505 and is trading at $0.53. If it recovers $0.55, it may target the range of $0.58 to $0.62, but further clarity on the appeal arguments and defense strategies is awaited.
AVAX has retraced from $30.9 and is currently finding buyers at $26.98. Although it rebounded following a Bitcoin price increase from the low of $24.08, a genuine rise cannot be declared without reclaiming the parallel channel support at $31.63. Potential targets above are $38 and $50.
<img decoding="async" class="size-full wp-image-394813 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/AVAXUSDT_2024-10-06_21-26-58.png" alt="" width="1814" height="836">
<h2 style="text-align: justify" id="assess-doge-and-bnb-coin">Assess DOGE and BNB Coin</h2>
With the loss of the $0.105 support, DOGE’s price fell to $0.1. Currently, it has regained this support, and if Bitcoin continues to rise next week, $0.132 may be retested. A genuine recovery will depend on reclaiming the $0.152 region, which could be tested during potential upward movements in the coming days.
<img decoding="async" class="size-full wp-image-394814 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/DOGEUSDT_2024-10-06_21-30-06.png" alt="" width="1814" height="836">
The release of CZ was a positive sign for BNB Coin, but overall market sentiment dampened its effect. Despite several attempts to exceed $595, BNB Coin’s price fell back below this critical region, returning to the well-known support at $535. If the correction deepens, $472 may be tested.
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-394815 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/BNBUSDT_2024-10-06_21-30-21.png" alt="" width="1814" height="836">
The all-time high rally is expected to gain momentum after reaching $635.
The post <a href="https://en.coin-turk.com/market-trends-impact-popular-altcoins-like-avax-xrp-doge-and-bnb/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Market Trends Impact Popular Altcoins Like AVAX, XRP, DOGE, and BNB</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Market Trends Impact Popular Altcoins Like AVAX, XRP, DOGE, and BNB

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