Binance Coin, Arbitrum Coin, Dogecoin, and AVAX Review. Bitcoin is striving to reach new highs above $52,000, having surged to $52,800 today. Experts anticipate a target surpassing $55,000 for fresh peaks. However, the $52,300 resistance has not been breached yet. Altcoins are still exhibiting positivity, and they may establish new peaks in the coming hours. So, what’s the current situation for popular altcoins?
How many dollars is BNB Coin?
At the time of writing, the price of BNB Coin stands at $355.7. The weekly chart indicates an upward trend, and we should see closures above $360. The popular altcoin has been attempting to end the downward movement since May 2022, but it has consistently returned to support levels as it has not been able to surpass this region.
If it holds above $360-363, it may start moving towards $400. Furthermore, there is potential to extend the rally towards $457.
Arbitrum Coin
Arbitrum Coin continues its attempts for a new ATH. If $2.21 becomes support despite its brief market presence, it could reach peaks above $2.42. As the top layer2 platform by locked value, the altcoin has another price catalyst. That is the Ethereum London hard fork scheduled for mid-March. This update will reduce transaction fees on the network by around 90%.
In a possible bearish scenario, support levels at $1.92 and $1.70 could be tested.
Dogecoin
The fluctuation in BTC price has shaken it somewhat. The price, unable to return to the parallel channel, has turned its support level into resistance. To further ascend, it needs to permanently secure $0.088. Above this, targets of $0.094 and $0.0988 could be aimed for.
The short-term ultimate target is $0.106. We have been drawing attention to these key levels for a long time, but DOGE has been unable to make the expected move due to the lack of sufficient volume.
AVAX Coin Review
One of the largest smart contract platforms, it reminded its potential again with yesterday’s Citi news. The price has started to recover gradually from $31.44. Now, as it has surpassed the middle area of the channel, it is targeting $50. Above this, we may see AVAX Coin price rise to $68.
If the decline begins, the middle area of the channel and then the base support will be the last stops.
Note
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.
