- Bitcoin’s drop below $30,000 and subsequent test of resistance above $29k highlights the outlook for top coins over the past week.
- Shiba Inu (SHIB) is trading below its 50 and 200 MAs, but analysts say SHIB is bullish given the overall sentiment and network development.
- Aptos (APT) price has formed a massive bull flag pattern that could see APT scale new highs in 2023.
The cryptocurrency market is witnessing significant volatility prices Various coins fluctuate near key levels. bitcoin (btc) The price dropped to around $27,200 last week and the global cryptocurrency market cap fell from $1.34 trillion to just above $1.25 trillion amid widespread selling pressure.
BTC price however recovered above $29,000 and tested resistance near the psychological $30k level towards the end of the week.
Meanwhile, many altcoins that have seen dramatic declines recently appear positioned for fresh moves, with crypto bulls buoyed by fresh banking turmoil coupled with troubles for US bank First Republic.
Here is the price prediction for Shiba Inu (SHIB) and Aptos (APT).
Shiba Inu (SHIB) Price Prediction
Shiba Inu price is down nearly 10% in the last two weeks from the recent high above $0.000011.
SHIB is currently trading below its 50 MA and 200 MA, while the daily RSI is below 40 to suggest that the bears may have a slight advantage.
But the 16th-ranked cryptocurrency, which remains one of the top memecoins with a market cap of $6.1 billion, has a growing community excited by the success of the testnet for layer 2 protocol Shiberium.
On-chain data shows that the protocol has enabled over 194,000 transactions and seen over 100,000 wallet interactions.
If there is a reversal in price between new buy shiba inu Under pressure, the main short-term target will be the $0.000035 level. The 2021 all-time high provides another important level and a move to $0.01 could be the Holy Grail of the upcoming bull cycle.
Aptos (APT) Price Prediction
Aptos (APT) is a new Layer 1 blockchain network benefiting from massive investment by Venture Capital. The Aptos mainnet recently went live and demand for the native APT token saw the price rally to a YTD peak of $19.92 in January.
Currently trading around $10, the APT/USD pair is down about 46% from January highs. However, analysts are bullish on Aptos valuations.
Crypto analyst Captain Fabik recently Thrown light on Aptos Bullish Flag Pattern. If there is a breakout, a move to $20 could be one of the main targets in the near term.
meanwhile, it Aptos Price Prediction Sees a possible rally to a new all-time high in the medium term.