BTC Drops Below $98,000: Insights and Predictions for DOT, FTM, AMB, and AAVE Coins
Bitcoin (BTC) has dipped below $98,000 as it approaches the daily close, pulling back from a recent high near $99,500. Analysts had anticipated reduced volatility and demand during the holiday week. However, the unpredictable nature of cryptocurrencies could still lead to heightened market activity in the coming days. Below are the latest predictions for Polkadot (DOT), Fantom (FTM), Ambrosus (AMB), and AAVE coins.
Polkadot (DOT) Price Predictions
Crypto analyst Carl shared a chart today, highlighting a key breakout level for Polkadot (DOT). According to him, the price is at a critical juncture in its medium-term cycle.
“DOT could break out of this descending wedge at any moment! The upward target is $11.30.”
The pullback in BTC prices may hinder a breakout, but with the daily close still pending, demand revival in the Asian markets could alter the scenario. If DOT faces a sudden dip, holding the $6 support level could pave the way for a delayed breakout.
Fantom (FTM) and Ambrosus (AMB) Price Predictions
Fantom (FTM)
Fantom (FTM) has surged 172%, driven by a renewed interest in the DeFi sector. However, with BTC’s recent decline, half of these gains have been retraced. Key price levels include:
- Support at $0.8497
- Current price hovering near $1
If BTC continues its downtrend, FTM may test its support level. Conversely, closing above $1.04 could target subsequent levels at $1.24 and $1.50.
Ambrosus (AMB)
AMB Coin recently rebounded after falling to $0.00703 following BTC’s rise. However, resistance at $0.0083 remains unbroken, increasing the likelihood of a return to support. Key highlights include:
- Current price is only 62% higher than its value during Trump’s election win
- General weakness in altcoins suggests market bottom uncertainties
AAVE Coin Price Commentary
With WLFI support, AAVE Coin has seen a favorable environment, though BTC’s decline has redirected focus to critical support levels. Key predictions include:
- Primary support level: $356
- If BTC drops further, potential target: $295
- Closing above $352 confirms a long-term bullish trend
- Breaking $457 could initiate a rally towards $700
The broader market remains uncertain, but key support and resistance levels for these coins will determine their next moves amid BTC’s volatility.
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