Market Review and Crypto Currency Predictions

The trading volume in 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.

Avalanche (AVAX) has experienced a decline in value and market value to 17.13 billion dollars after losing the $50 support level. If the negative trend continues, AVAX is expected to drop to an important support level of $42. However, in case of a potential recovery, the price is expected to return to the levels of $60 and $65. On the other hand, it is predicted that the price can drop to $31 due to excessive sales.

TON Coin Analysis

Bulls are making efforts to rise above the $4.73 level for TON Coin. If successful, it is possible for the price to reach the resistance level of $5.69 and aim for $7.09 with the support of Bitcoin.

Shiba Coin Review

Bulls are struggling for the price of Shiba Inu (SHIB) to rise above the 20-day EMA. RSI and moving averages are currently showing a balanced outlook. If the price closes below the 50-day SMA, a drop to the support of $0.000017 for SHIB is expected. In an optimistic scenario, if the 20-day EMA is accepted as a support, reaching the resistance levels of $0.000033 and $0.000039 is possible.

Useful Information for Readers

The critical support level for AVAX is $42, and the potential recovery targets are $60 and $65. The level that TON Coin needs to surpass for a successful rise is $4.73, and the next resistance point is $5.69. The 50-day SMA, observed as the breaking point of the SHIB price, is considered an important indicator in the worst-case scenario.

Fluctuations in the cryptocurrency market and technical analyses provide important clues for investors’ buying and selling decisions. The specified support and resistance levels can help investors develop a strategy.