Crypto Market Bounces Back Despite Bitcoin’s Decline
Main Idea
Despite Bitcoin's recent price decline, altcoins like XRP, Pi Coin, and Shiba Inu (SHIB) show signs of potential recovery, with key support and resistance levels determining their short-term price movements.
Key Points
1. Bitcoin's price dropped from $120,000 to $113,000, impacting the broader cryptocurrency market, but altcoins like XRP, Pi Coin, and SHIB are showing recovery potential.
2. XRP's price fluctuated between $3.2 and $2.8, with $3 being a critical psychological support level; a drop below $2.66 could signal further decline.
3. Pi Coin's price slipped below $0.38, testing the 20-day average at $0.32; reclaiming $0.38 could lead to a rise to $0.45, while a drop below $0.32 might push it to $0.21.
4. Shiba Inu (SHIB) fell 27% over two weeks to $0.00001179, with key support at $0.00001016; a rebound could reverse the trend, but a drop below this level may lead to $0.000009.
5. Bitcoin's market dominance remains around 62%, providing a backdrop for potential altcoin surges, though market caution persists due to Bitcoin's inability to surpass 63% dominance.
Description
XRP, Pi Coin, and SHIB show potential for recovery after Bitcoin's price drop. XRP eyes the $3-$3.33 range, while SHIB may bounce from $0.00001016 support. Continue Reading: Crypto Market Bounces Back Despite Bitcoin’s Decline The post Crypto Market Bounces Back Despite Bitcoin’s Decline appeared first on COINTURK NEWS .
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