The trading volume of the cryptocurrency market continues to decrease over the weekend. Recent data from the US and ETF movements indicate a downward trend in the markets. Especially the future price movements of AVAX, TON, and SHIB cryptocurrencies are a subject of curiosity.
With the loss of the $50 support level, the value of Avalanche (AVAX) has experienced a decline in value and market value to $17.13 billion. If the negative trend continues, AVAX is expected to drop to an important support level of $42. However, in the event of a recovery, the price is expected to return to the $60 and $65 levels. On the other hand, it is predicted that the price could drop to $31 due to excessive sales.
TON Coin Analysis
Bulls for TON Coin are continuing to strive to rise above the $4.73 level. If successful, it is expected that the price will reach the $5.69 resistance level and aim for $7.09 with the support of Bitcoin.
Shiba Coin Review
Bulls for Shiba Inu (SHIB) are struggling to rise above the 20-day EMA. RSI and moving averages currently show a balanced outlook. In an optimistic scenario, if the 20-day EMA is accepted as support, it is possible to reach the resistance levels of $0.000033 and $0.000039 respectively.
Useful Information for Readers
The critical support level for AVAX is $42, and the possible recovery targets are $60 and $65.
The level that TON Coin needs to pass for a successful rise is $4.73, and the next resistance point is $5.69.
The 50-day SMA, observed as the breaking point for the SHIB price, is considered an important indicator in a bearish scenario.
The fluctuations in the cryptocurrency market and technical analysis provide important clues for investors’ buy-sell decisions. The specified support and resistance levels can help investors develop strategies.
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