The cryptocurrency market displays a varied landscape, with Bitcoin stubbornly holding its ground above $60,000, even as exchange-traded fund (ETF) volumes dip from their peak. As the market eyes the weekly close, analysts turn their attention to altcoins like LUNA, AVAX, and XRP, offering predictions on their potential price trajectories in the face of Bitcoin’s stable performance.
LUNA’s Tussle with Resistance Levels
LUNA Coin’s struggle is evident as it attempts to breach a challenging resistance at $0.748, lagging behind other altcoins that have surged by over 20%. Success in passing this resistance could pave the way to higher price points, such as $0.8 or even $0.88. Conversely, a setback could see LUNA retract to support levels of $0.636 or $0.572. Speculative rallies could potentially propel LUNA past the significant $1 mark, with sustained buying pressure aiming for $1.66 and $2.15 targets.
AVAX Fails to Sustain Momentum
AVAX faces its own challenges, struggling to maintain a close above the decisive $42.3 mark. A strong foothold above this level might trigger a surge towards the $48-$50 region. However, if bearish forces take over, AVAX could decline to $38 and $34.8, with the possibility of testing $31.5 in the wake of a broader Bitcoin correction.
XRP Coin Breaks Resistance
XRP Coin offers a more optimistic narrative, having finally broken free from a prolonged resistance zone. Reclaiming the $0.58 support has set it on an upward course. Despite Bitcoin’s notable gains, XRP Coin steers clear from its previous highs seen last November and December. Sustained momentum could see the coin target $0.73 and $0.93, but it currently remains focused on solidifying its position above $0.58 to reach the $0.63-$0.74 range.