On Friday, November 10th, Bitcoin tested its price for $37500, but failed to maintain its momentum. Yesterday, it also withdrew from $38000
On Friday, November 10th, Bitcoin tested its price for $37500, but failed to maintain its momentum. Yesterday, it also withdrew from $38000. The current upward trend of King's cryptocurrency has been ongoing for about 20 days, which seems to be different from the previous upward trend. Investors are gradually believing that we are in a different situation from the false rebound of the past 1.5 years. So, what is the current situation of counterfeit coins?
TON coin price analysis
Before the rise of BTC, TONCoin had a wonderful time with Telegram's support. The upward trend continued until November 8th, reaching $2.59. During the transition period of a bull market, profit taking is one of the most difficult decisions for investors. However, investors who have already achieved satisfactory profit margins have made this difficult decision for TONCoin. The price of TONCoin has not entered a downward trend, but it needs to break through the resistance zone between $2.59 and $2.77 with the support of BTC.
We mentioned earlier that TONCoin's short-term target is $4.03. If we see the rebound of counterfeit coins accelerating, then the goal is very clear. On the other hand, in the opposite situation, profitable investors may push prices down to the support level of $2.
LINK coin price prediction
After reaching $15 on November 8th, Chainlink attempted to continue rising the next day. However, profit taking has also had an impact here. If the downward trend continues, we may see a pullback to $13.24. However, a closing price above $15 will make the goals of $18 and $20 effective. Closing below the support level may open the door to a decline to $11.94.
The motivation of LINKCoin investors comes from their long-term goals, and it is expected that the excitement points in the RWA field (such as Metaverse and other topics) will not easily disappear. In the long run, the specific steps that financial giants worth billions of dollars will take in this field will have a positive impact on the performance of Chainlink, one of the largest enterprise encryption partners.
MATIC coin chart analysis
The price broke through $0.7 to reach $0.83, and if profit taking weakens, it may reach a new high. The current target is $0.89 and $1.29. For BTC, moving again to achieve the goal of forming a double bottom may be sufficient, as the unexpected rebound is currently causing FOMO in counterfeit coins. In an environment where prices of counterfeit currencies such as LUNA and FTT have risen by more than 50%, major counterfeit currencies such as MATICCoin may also exhibit similar trends.
In the worst-case scenario, there may be a loss of $0.76, and the price is expected to drop to $0.7.
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