Altcoin investors have experienced a jarring 24-hour period, necessitating vigilance over the coming weekend. With a Federal Reserve meeting scheduled for next week and recent economic data falling short of expectations, trading volumes are predicted to decline over the next two days. These factors contribute to a heightened potential for increased volatility in altcoins. Predictions for Dogecoin (DOGE), NOT Coin, and WIF Coin are under scrutiny.
What is the Dogecoin (DOGE) Outlook?
The popular meme coin Dogecoin (DOGE) has struggled to gain momentum, even as several altcoins enjoyed significant gains in 2023 and 2024. DOGE has failed to breach the $0.3 mark, and following the death of Kabosu, Elon Musk‘s backing appears to have waned. Despite Musk’s earlier disinterest in cryptocurrencies, his involvement could resurge with GameStop’s return to prominence.
Currently, DOGE has seen nearly an 8% drop, while Bitcoin (BTC) has lost over $3,000. DOGE is nearing the $0.137 support level, saved by opportunistic investors capitalizing on the dip. Those who halted at $0.153 have had the chance to reduce costs by buying at lower levels. If $0.137 support is reclaimed, bulls may once again target $0.174.
Can NOT Coin Maintain Its Price Level?
Despite its recent listing, the significance of the $0.0170 level for NOT Coin is evident. If NOT falls below this threshold, it might hit a new local bottom at $0.0114. Conversely, maintaining the current level could spur investors to attempt reclaiming the $0.0209 support level.
Looking ahead, if $0.0230 becomes a support level, a new record could be achieved in the medium term. The current all-time high (ATH) to beat stands at $0.0372.
Will WIF Coin Sustain Its Support?
WIF Coin, listed only in March, has seen significant fluctuations due to BTC price variance. A critical support level for WIF Coin is $2.50. Dropping below this could lead to a new bottom at $2.142, especially amid intense selling pressures.
If Bitcoin does not experience severe losses, WIF Coin may see a resurgence to $3.17.
Key Takeaways for Investors
- Dogecoin investors should watch the $0.137 support level for potential recovery opportunities.
- NOT Coin’s crucial threshold is $0.0170; maintaining above this could lead to attempts at higher support levels.
- WIF Coin needs to stay above $2.50 to avoid deeper declines.
These insights can guide investors in making informed decisions during periods of high market volatility.