• Bitcoin (BTC) price fell to around $27,200 this past week and saw the global cryptocurrency market cap drop from above $1.34 trillion to $1.25 trillion amid broader sell-off pressure.
• Several altcoins that have recently seen dramatic declines look positioned for fresh moves, with cryptocurrency bulls buoyed by fresh turmoil in the banking sector with troubles for US bank First Republic.
• Shiba Inu (SHIB) and Aptos (APT) are two of these coins which are currently in focus as investors decide on their next moves.
Bitcoin Tests Resistance Near $30k
The cryptocurrency market continues to see significant volatility as prices of various tokens fluctuate near key levels. Bitcoin (BTC) price fell to around $27,200 this past week and saw the global cryptocurrency market cap drop from above $1.34 trillion to $1.25 trillion amid broader sell-off pressure. BTC price is however back above $29,000 and has retested resistance near the psychological $30k level this weekend.
Altcoin Price Outlook
At the same time, several altcoins that have recently seen dramatic declines look positioned for fresh moves, with cryptocurrency bulls buoyed by fresh turmoil in the banking sector with troubles for US bank First Republic. Here’s a closer look at Shiba Inu (SHIB) and Aptos (APT), two of these coins which are currently in focus as investors decide on their next moves:
Shiba Inu Price Prediction
Shiba Inu price is down nearly 10% in the past two weeks, having traded lower from highs above $0.000011 recently. SHIB currently trades below its 50 MA and 200 MA, while the daily RSI is below 40 to suggest bears might have a slight advantage. But the 16th ranked cryptocurrency remains one of the top memecoins with a growing community buoyed by success of its layer 2 protocol Shibarium with over 194,000 transactions and 100,000 wallet interactions recorded so far on-chain data shows If an upside flip happens amid new buy Shiba Inu pressure, main short term target will be at level of $0.000035 The 2021 all-time high provides another key level and a move to $0