Market Insights: Evaluating the Potential of DOGE, SUI, AVAX, and SHIB

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The price of Bitcoin (BTC) hovers at $106,440, while altcoins exhibit weak but positive signals. Recently, the situation has become complex as Trump’s actions drained weekend crypto volumes and redirected interest towards his own meme coins. What predictions lie ahead for AVAX, SHIB, SUI, and DOGE?

Analyzing DOGE and SUI Coin Trends

Today, the government’s productivity department added Dogecoin ’s mascot to its website, yet DOGE’s price remained unaffected. Additionally, the excitement around ETF applications related to DOGE and several other cryptocurrencies didn’t meet expectations. Although BTC is performing well, Dogecoin and others continue to lack strength.

Currently, DOGE maintains support at $0.33 but struggles to close above $0.38. If BTC manages to close above $108,000 this week, circumstances might change. After reaching peaks, BTC often lingers at higher levels, potentially opening up growth opportunities for altcoins, a scenario DOGE investors have been anticipating.

SUI Coin has been on an upward trajectory for 85 days, achieving nearly a 200% increase. However, following the peak of $5.36 on January 4, a slight pullback occurred. The absence of a decline to $4.09 remains positive, suggesting that if closures above $4.68 continue, a rise towards $6 could gain momentum.

Insights on AVAX and Shiba Coin

As SOL Coin reaches all-time highs, AVAX has been stagnant since last December. Despite a recent movement to $56, the AVAX chart is disappointing. The $35 support has been tested multiple times, and with BTC at six-figure levels, AVAX still remains at local lows.

If BTC allows, we may see new attempts at $41 and $46 this week. Otherwise, ongoing indifference is complicating matters for the AVAX chart, with even multi-million dollar investment program announcements failing to influence the price significantly.

After years, SHIB has ceded its title as the second-largest meme coin to TRUMP. The altcoin, maintaining support at $0.00001972, may target resistance at $0.00002473.

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