Altcoins in 2023

 Altcoins became active as Bitcoin touched the $21,000 limit again and closed above the $20,500 resistance. Altcoins had lost critical support levels amid the oversold following the FTX crash. Now, with the effect of the Bitcoin price, which is recovering at the same speed, critical resistance areas are struggling. So what are the next targets for popular altcoins?

Dogecoin and Shiba Coin Review

The cumulative value of cryptocurrencies exceeded $1 trillion earlier today and stands at $989 billion at the time of writing. The transaction volume once again exceeded 70 billion dollars. Although Bitcoin dominance increased with the price, the bull mood in the market allowed altcoins to make double-digit gains. So what levels can we see in the short term for popular altcoins? First of all, let's take a look at Dogecoin, the favorite altcoin of famous billionaire Elon Musk. The meme coin king finds buyers at $ 0.088 at the time of writing. The price managed to hold above the 200-day exponential moving average of $0.74. In the short term, closes above $0.082 may help DOGE traders overcome the psychological resistance of $0.1. Next resistances are located at $0.111 and $0.128.

Shiba Coin has finally surpassed the $0.0000107 level. It wouldn't be surprising if the steps on layer2 and metaverse are announced for Shiba Coin this week. The current price rise will be an opportunity for many projects to detonate the bombshell news. In the short term, 0.00001105 looks reasonable if the $0.0011014 support is maintained.

XRP, Ethereum and Solana

Vitalik Buterin actually gave a big signal for Solana. Those who see this can now sell Sol Coins, which they bought for $ 8, with a gain of close to 300%. But NFT projects in the Solana ecosystem continue to abandon it. If this is a false spring, SOL Coin investors will be most upset. Because the $ 22 levels can be seen as an opportunity by many investors to cut losses. For Solana, $24.9 will be the next target. The psychological limit of $ 30 will be possible with daily closings of Bitcoin above $ 21,000. Such a move wouldn't be too surprising, as US markets are closed on Monday. Of course, this is the cryptocurrency market, and surprises happen all the time.

Ethereum (ETH) continues the day up 7% and is above $1,550. The deflationary ETH narrative will be the biggest rocket fuel for ETH price in the next bull. ETH staking incentives by Metamask and other platforms may ease the selling load, although the 16M ETH to be unlocked in March says there are some risks. In the scenario where Bitcoin maintains the current levels, the first stop for ETH could be $1,637.