COINTURK NEWS – Bitcoin, Blockchain and Cryptocurrency News and Analysis


As the year comes to a close, cryptocurrency traders have started to see significant gains following a market collapse two years ago. Bitcoin (BTC) $92,803 has returned to the $93,000 range, which is still considered a dream figure for 2021. What predictions do analysts have for Dogecoin $0.311452 (DOGE), FLOKI, and LUNA Coin by January 2025? What should traders expect?

Dogecoin (DOGE)

The price of BTC has dropped to double digits but remains above $90,000. This figure posed a challenging target for many in November, and altcoin prices appear to have dropped as if BTC were at $40,000. This situation illustrates the extent to which traders are avoiding risk during early-stage price increases.

Experts generally believe that larger peaks will be seen in the coming year. Although BTC has surpassed previous all-time highs (ATH), the targeted levels are significantly higher. Furthermore, the expected peaks for most altcoins have not been realized yet, as ETH, the leading altcoin, has not even approached its ATH.

As of the time of writing, Dogecoin (DOGE) is trading at $0.31. If Trump takes expected actions in the first two quarters to encourage crypto investors, reclaiming the $0.37 support level is anticipated, followed by surpassing $0.44 and $0.47 for larger movements.

A target of $1 for DOGE now seems achievable.

LUNA and FLOKI Coin Insights

Having lost $0.549, the price of LUNA Coin is targeting $0.4453 and $0.352 as expected. With the first support level lost, if the decline continues, the price could fall further to the next support level. If the parallel channel support is reclaimed, speculative attempts at $0.81 could be seen in January.

FLOKI Coin has made several attempts at $0.0002930 and is now retreating to a support zone.

The price is currently testing $0.0001603, and as this article concludes, BTC is nearing a new daily low at $92,700. If selling continues, the price may dip to $0.0001121. However, with Trump’s inauguration on January 20, a strong stance on crypto could help surpass the targets of $0.000261 and $0.000350.

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.



Source link