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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-altcoins-show-bullish-trends-in-recent-market-movements/" data-wpel-link="internal">Bitcoin and Altcoins Show Bullish Trends in Recent Market Movements</a><br></p>
<p style="text-align: justify">Despite poor US data, <a href="https://en.coin-turk.com/cryptocurrency-analyst-warns-against-overcaution-at-market-lows/" data-wpel-link="internal">Bitcoin</a> price made its best weekly close since November 2021 at $52,137. We were discussing that bear markets had long ended, and there is a growing belief that we are approaching the most fervent days of the bull. BTC bulls are not rushing to convert their profits into cash because the rapidly revolving price at $52,000 confirms optimism for 2024. So, what is the latest situation with altcoins?</p> 
<h2 style="text-align: justify" id="ethereum-eth-forecast">Ethereum (ETH) Forecast</h2> 
<p style="text-align: justify">First, we must talk about the largest altcoin because it has returned to levels above $2,800 from its dip to $881.5 during the crash period. On February 17th, Ethereum (ETH) turned the $2,717 region into support. Two days ago, it also surpassed the $2,868 resistance, and the bulls confirmed their belief in the uptrend.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-316869 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/ETH-Coin-Grafik-Tahminleri.png" alt="" width="1348" height="757"></p> 
<p style="text-align: justify">If the current trend continues, peaks above $3,000 are near. However, the RSI in the overbought zone signals a possible correction risk. Yet, it’s not impossible for the price to continue to the peak without correction while demand is at this level.</p> 
<p style="text-align: justify">If the Ethereum (ETH) price rise continues, a peak around the $3,400 region could occur. On the downside, the targets of $2,717 and $2,615 are current.</p> 
<h2 style="text-align: justify" id="binance-coin-bnb">Binance Coin (BNB)</h2> 
<p style="text-align: justify">The rising 20-day EMA ($330) and RSI data indicate that BNB Coin’s uptrend maintains its strength. If bulls can achieve closes above $367, the rally could extend to $400. If the region is recorded, a drop to $314 is expected.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-316870 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/BNB-Coin-Grafik-Tahminleri.png" alt="" width="1348" height="757"></p> 
<h2 style="text-align: justify" id="ripple-xrp-commentary">Ripple (XRP) Commentary</h2> 
<p style="text-align: justify">Bulls look weak and we haven’t seen a strong bounce from the $0.5 support. The price is at $0.56 and if demand increases, a new move to $0.67 could start. In the opposite scenario, a return to the support at $0.5 is likely.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-316871 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/XRP-Coin-Grafik-Tahminleri.png" alt="" width="1352" height="758"></p> 
<h2 style="text-align: justify" id="solana-sol-commentary">Solana (SOL) Commentary</h2> 
<p style="text-align: justify">Solana pulled back to the neckline of an inverse head and shoulders formation on February 17th. The 20-day EMA at $106 and RSI (62) away from the neutral zone suggest a possible move to the $119 resistance area. SOL Coin had already visited this area recently.</p> 
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-316872 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/SOL-Coin-Grafik-Tahminleri.png" alt="" width="1357" height="757"></p> 
<p style="text-align: justify">If resistance is overcome, the rally could continue to peaks between $127 and $135. However, in a bearish scenario, a return to $100 could be expected.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-and-altcoins-show-bullish-trends-in-recent-market-movements/" data-wpel-link="internal">Bitcoin and Altcoins Show Bullish Trends in Recent Market Movements</a></h5>

Bitcoin and Altcoins Show Bullish Trends in Recent Market Movements

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