⭐️ Cryptocurrency Prices Show Market Trends
Bitcoin price saw steady sales above $68,000 last month. Again, a large upper wick formed. Although a new low formed below $58,000 last month, this month levels around $63,000 are maintained. However, these ongoing sales have been painful for altcoins. So, what will be the price of TON Coin?
🔸 TON Coin Analysis
TON Coin, which has managed to attract Telegram users with mini games and protocols, is an exciting alternative. 500 million registered Telegram users are not to be underestimated. Moreover, a significant portion of crypto investors use the Telegram application intensively. The growing TON ecosystem with increased integration and more users joining the blockchain could also increase the price.
For now, the price is trying to recover from the SMA50 level of $6.76. Bulls are defending the region. If buyers can push the price above the 20-day EMA ($7.23), targets of $8.29 and $10 can be focused on.
🔸 ADA Coin Analysis
Cardano has been lingering near the key level of $0.40 for the past few days. If ADA Coin, trading in a narrow range, can turn $0.4 into support, it could rise to $0.5. In the opposite scenario, the targets are clear. In case of a decline, bears will need to focus on targets of $0.35 and $0.28.
🔸 Shiba Coin Price Prediction
The second largest meme coin by market value, SHIBA Coin, maintained the $0.000017 support. However, the lack of a strong rebound indicates there are no aggressive buyers. The situation seen in altcoins in general is also present here. As long as the levels we mentioned for BTC in the last few hours are not achieved, the risk appetite in altcoins is expected to remain weak.
The downward sloping 20-day EMA ($0.000021) and the RSI in the oversold region highlight the potential for further losses. If the support is broken downwards, a drop to $0.000014 could occur. In the opposite scenario, targets of $0.000023 can be aimed for with closes above the EMA20.