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Significant price movements are expected next week, and important developments will occur. Developments published a few hours ago could cause serious fluctuations in the following week. Especially if Thursday’s inflation data is surprisingly below expectations, the likelihood of the Fed making at least two rate cuts this year could become almost certain; in the opposite scenario, the optimism brought by the recent employment reports will vanish.
TON Coin Predictions
Toncoin (TON) started to decline from $8.17 on July 3rd. The resistance was strong, but the increasing negativity in the overall market sentiment also scared TON Coin investors. TON Coin was one of the few cryptocurrencies that remained strong last month. Although it fell below $6.77, the bears were not successful in pushing it to deeper lows. The TON Coin price could target resistance again with closures above $7.09.
In the bearish scenario, the levels of $6.36 and $5.25 are possible. Additionally, closures below $6.77 could target $5.25 with a double top formation.
ADA Coin Predictions
With the loss of the $0.35 support, the ADA Coin price eroded. With continued sales, a target of $0.25 below $0.3 is possible. This could be the point where excessive sales find their bottom and stop. In the short term, a recovery requires reclaiming $0.35 and the EMA20 level of $0.39.
Avalanche (AVAX)
On July 5th, although the price fell below $23.5, buyers stepped in and purchased the low levels on the AVAX front. A possible recovery attempt could continue to $29 after the EMA20 level of $27.7. Closures above $56,600 in BTC price will likely encourage investors looking for early entry opportunities.
However, if BTC continues to decline with on-chain activity, AVAX could also drop to $19 following $21.8.
SHIBA Coin Predictions
Shiba Inu lost the $0.000016 support on July 4th, and the bears managed to break down from the narrow range. Although the $0.000014 support was lost on Friday, it was reclaimed. If this support is lost again, a drop to $0.00001 could be seen. However, in a possible recovery, the EMA20 level of $0.000017 will be reclaimed. Since BTC seems willing to recover for now, upward attempts are possible.
