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COINTURK NEWS > Technical Analysis > Investors Anticipate July for Altcoin Performance
Technical Analysis

Investors Anticipate July for Altcoin Performance

In Brief

  • Altcoin investors eagerly await July for potential gains.

  • TON Coin shows bullish signals with potential targets of $7.87 and $8.29.

  • DOGE and ADA prices hover near key resistance levels.

COINTURK NEWS
COINTURK NEWS 11 months ago
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Altcoin investors are eagerly awaiting July. Historical data suggests a potential rise this month. During negative Junes, BTC often rose in July. Crypto markets are stirring, and BTC’s higher low in the recent drop boosts morale. So, what are the current predictions for altcoins? Let’s look at the current situation for three popular altcoins.

Contents
TON Coin PredictionsDogecoin Price PredictionCardano (ADA) Predictions

TON Coin Predictions

The gradually rising EMA20 reflects investor demand for TON Coin. The RSI also signals a bullish trend. So, what’s next? Buyers need to surpass the $7.87 level, the first target when BTC was above $63,000. If this key area is breached and turned into support, TON, one of the most popular altcoins in recent months, could climb to $8.29.

Even in June, TON and NOT Coin saw significant positive divergence and rises. This leads investors to believe in a rally story for TON Coin, supported by a general market rise in July. However, things don’t always go as expected. If TON Coin loses the $7.04 support, it could drop to $6.6.

Dogecoin Price Prediction

Buyers aim to return to the EMA20 level of $0.13. However, DOGE price is stuck at $0.125. It continues the day with a 0.9% increase. If a rise begins, the SMA50, or $0.14, will be targeted. DOGE, fluctuating between $0.12 and $0.18, is likely to linger in this range for a while.

Volatility will increase with closures above $0.18. But what if support breaks instead of resistance? In that case, closures below $0.12 could target the psychological support level of $0.1.

Cardano (ADA) Predictions

The ADA Coin price, hovering near the $0.4 resistance, remains relatively strong. The mid-point RSI still emphasizes balance, but if an upward recovery begins, a new rise to $0.43 and $0.51 could be seen. The key point to watch here is BTC performance. If BTC drops back to $60,000 while altcoins haven’t fully recovered, deeper lows and larger drops could occur.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 2 July, 2024 - 3:05 am 2 July, 2024 - 3:05 am
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