The cryptocurrency market has experienced a vigorous first quarter filled with significant events like ETF approvals and noteworthy legal outcomes. A striking development is the substantial inflow to Bitcoin ETFs, exceeding $11 billion. As the quarter draws to a close, the market focuses on the potential trajectories of LUNA, AVAX, and DOGE.
Dogecoin’s Assertive Rally
Dogecoin has been a standout performer recently, nearing a significant milestone at $0.23 and registering a 20% gain in a single day. Even as Bitcoin remains below its peak, DOGE has sparkled in the spotlight. A key achievement was breaching the $0.22 level, which could propel the coin towards $0.3. DOGE’s price has successfully overturned the $0.16 area, once a struggle to maintain, into a firm support zone, indicating a possible ascent to higher targets of $0.294, $0.35, and potentially even the elusive $1 mark.
AVAX Eyes Return to Previous Highs
AVAX’s trajectory has been interrupted by Bitcoin’s fluctuations and external factors such as the Genesis GBTC sales. However, maintaining a stance above the $50.3 mark provides hope for revisiting the $65 level. Should the market turn bearish, AVAX could dip to the $51.2 or even $48 range before the end of the month.
LUNA Coin’s Subdued Movement
In contrast to other cryptocurrencies, LUNA Coin has not experienced significant gains despite the ongoing legal saga involving figures like the FTX founder. If LUNA fails to cross the $1.4 threshold, the prevailing downtrend may persist, with the coin at risk of dropping to a target of $0.8.