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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/altcoins-experience-stagnation-as-btc-attempts-to-boost-appetite/" data-wpel-link="internal">Altcoins Experience Stagnation as BTC Attempts to Boost Appetite</a> 
Sales for altcoins have stalled, and BTC price attempts at $62,000, though weak, are fueling appetite. Today’s ETF <a href="https://newslinker.co/category/mobile/" target="_blank" rel="noopener" data-wpel-link="exclude">application</a> for SOL Coin, if supported by other ETF issuers, could trigger a new wave of <a href="https://en.coin-turk.com/ftt-coin-plunges-following-ftx-exchange-troubles/" data-wpel-link="internal">altcoin</a> rises. On the other hand, the excitement for tomorrow’s PCE data and the impact of Germany, the USA, and MTGOX BTCs have even limited the SOL Coin price increase. 
<h2 style="text-align: justify" id="dogecoin-doge">Dogecoin (DOGE)</h2> 
BTC is currently finding buyers at $61,700, and $61,500 was maintained as support about an hour ago. If BTC starts making higher peaks, a new return to $72,000 will be expected. Moreover, this time altcoins could experience larger percentage increases. Dogecoin is in a rising formation and ready for a breakout. But can it achieve this? 
On the daily chart, DOGE may fall further due to investor behavior. The supply flowing from medium and long-term investors to <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">short-term investors</a> is discouraging for DOGE in such a period. Last month, the supply held by short-term investors increased by 2 billion. 
Thus, the total supply of short-term investors rose from 10.5 billion to 13.4 DOGE. The risk of longer-term investors selling to weaker hands, who are more likely to sell easily, highlights the risk of short-term price movements. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-365821 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/doge-kac-dolar-olur-1-1.png" alt="" width="1920" height="781"> 
<h2 style="text-align: justify" id="doge-price-prediction">DOGE Price Prediction</h2> 
Hovering within a descending wedge, DOGE is finding buyers at $0.124. This formation, formed by the convergence of downward-sloping trend lines, typically tends to break upwards, indicating a rise. If DOGE wants to successfully break upwards, it must surpass the $0.128 resistance. 
So, how high can the DOGE price reach with a successful breakout? The target of the formation is $0.3. However, the interest of short-term investors mentioned in the first section weakens the likelihood of a breakout due to potential profit-taking. This could cause the price to fall to $0.116 with a failed attempt at the upper trend line. Further down, the targeted bottom for DOGE will be $0.105. 
In a scenario where the last dip support is lost, the upward trend may be shelved for a while. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/altcoins-experience-stagnation-as-btc-attempts-to-boost-appetite/" data-wpel-link="internal">Altcoins Experience Stagnation as BTC Attempts to Boost Appetite</a></h5>

Altcoins Experience Stagnation as BTC Attempts to Boost Appetite

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Ďalšie články zverejnené 27. 6. 2024

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