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After testing the price of Bitcoin at $69,500, it shifted downward, stalling the rise of many altcoins. While some altcoins experienced losses exceeding 5%, APE, ATOM, and MEW Coin remained strong among the top 100 cryptocurrencies. What do the current price forecasts indicate? What can traders expect?

APE Coin Analysis

The introduction of its own layer 3 network has led to a price increase of over 103% in the past week, with APE maintaining a significant portion of its gains. This success is attributed to the increased liquidity within the network, and if BTC had not retraced, APE could have reached new heights. Maintaining a price around $1.58, this altcoin stands out with a trading volume of $1.3 billion among the top 100 cryptocurrencies.

With $1.61 reclaimed as support, we may see attempts in the $1.91 to $2.07 range. After a significant decline following the market surge in March, APE Coin has made a remarkable recovery after 219 days of downturn.

ATOM Coin Predictions

After a 186-day decline, the price has increased by 37% over 44 days, retesting the resistance at $5.25 from September. Currently at $4.89, if it surpasses this resistance in the coming weeks, we could see a test of $5.83. Such an increase, after a nearly 200-day downtrend, could signal a larger rally targeting $14.5.

Currently, Bitcoin is not making deeper lows, and the formation of higher lows after testing its peak is positive for altcoin traders.

MEW Coin Forecast

Since its listing, MEW Coin has surged 281% in 151 days from its lows. This gradual rise has resulted in higher peaks over the last 35 days, pleasing investors. Recently, this relatively new meme coin reached an all-time high of $0.010527 in its last daily candle.

In the event of a pullback, we may see accelerated selling below a closure of $0.008424.

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