Bitcoin 
$98,182 has reclaimed the $98,000 mark, generating excitement among altcoin investors. As the year draws to a close, questions arise about the potential performance of cryptocurrencies. While the future remains uncertain, some analysts have shared optimistic price targets that could guide market expectations. This article reviews key levels and forecasts for BNB, SHIB, TON Coin, and other altcoins.
BNB, SHIB, and TON Coin Insights
Today, Carl shared price targets for various altcoins, starting with BNB Coin. At the time of writing, BNB Coin is priced at $693, marking a 3% gain for the day. The analyst noted that the weekly chart shows a positive trend, suggesting that BNB could rise to $875 following a breakout that is not visible on the current graph.
For Shiba Coin, the analyst stated, “Despite a strong correction, SHIB continues to fluctuate within a rising triangle on the weekly chart. A conservative target for this cycle could be $0.000056.”
The latest graph shared was for TON Coin, which has shown impressive performance this year. However, during a period of pressure on altcoins, its positive divergence has been brief. The analyst expressed optimism for TON Coin, suggesting, “If it breaks the declining resistance, the medium-term target is $11.”
Forecasts for Altcoins
Moustache provided clear guidance for altcoin investors, advising holders to “do nothing” at this stage. Sharing a graph during BTC’s recent recovery, the analyst projected that the fifth wave of the rise could exceed $7 trillion.
“This is another graph I shared months ago. All you need to do is nothing. Enjoy the holiday season because the upcoming period could be very exciting for altcoins.”
Of course, charts do not predict the future. However, prolonged downtrends cannot continue indefinitely, and it is anticipated that the recent downtrend will reverse, bringing relief to investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
