The Bitcoin price remains above $69,000 as of this moment. With only three hours left for the daily close, the recent surge in BTC has given a boost to altcoins, leading to notable gains. Among these, NOT Coin attracted significant attention last week with over a threefold increase. But what lies ahead for PEPE, SPELL, and NOT Coin?
What is the PEPE Coin Outlook?
Profit-taking has started, causing PEPE Coin’s price to dip to $0.0000145 after hitting its peak. This shift is not unexpected, as many investors were poised to sell and capitalize on their gains. If the sell-off following these peaks is weak, the price might find support at higher levels, paving the way for fresh upward movements. Maintaining the support region could see PEPE Coin reaching a new peak above $0.0000172. However, failing to hold support could lead to declines to $0.0000132 and $0.0000111, with short-term upward momentum ending if the price falls below $0.00000923.
Will SPELL Coin Reach New Heights?
SPELL Coin has broken through the $0.00124 resistance level, indicating the bulls’ appetite for new peaks. The current market conditions are favorable for reaching levels above $0.00149, provided that the price closes above this region. Profit-taking is evident, but as long as the price remains above the resistance zone, attempts to reach $0.00181 are possible. Previous attempts at higher peaks were marked by upper wicks, suggesting that investors are ready to sell at these levels, so defining stop regions for profit-taking is crucial. SPELL Coin is attractive for those who favor speculative moves; increasing volume and volatility could expand its trading range further.
NOT Coin Continues to Shine
NOT Coin made headlines last week due to its significant growth. Social media activity and a large influx of users via Telegram indicate strong engagement. The coin’s exchange listings on May 16 and the steady green candles on the daily chart show sustained excitement for NOT Coin. However, if Telegram introduces a new mini-application through TON Coin, there could be a drop in interest. Currently, maintaining closes above $0.0170 could lead to new peaks, with short-term support key at $0.0214.
Concrete Insights for Investors
– **PEPE Coin:** Watch for price stability above $0.0000172 for new peaks; dips below $0.00000923 signal end of short-term gains.
– **SPELL Coin:** Resistance at $0.00124 broken; potential peaks above $0.00149 if price holds.
– **NOT Coin:** Sustained excitement evident; crucial support at $0.0214, closes above $0.0170 favorable for upward movement.
Conclusion
In conclusion, the sustained Bitcoin price above $69,000 has led to positive momentum across various altcoins. PEPE, SPELL, and NOT Coin are all showing potential for further gains, provided certain support and resistance levels are maintained. Investors should closely monitor the market conditions and set clear stop regions to maximize profits.