Analysis of Altcoin Prices: ETH, DOGE, SOL, and TON Coin Reviews - COINTURK NEWS
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Analysis of Altcoin Prices: ETH, DOGE, SOL, and TON Coin Reviews

3:05 am (75 days ago)
September 21, 2023

Since the Fed meeting has passed, investors can breathe easy until the October 6th average hourly earnings report. There won’t be any significant macro data except for employment during this approximately 15-day period. Cryptocurrencies can take advantage of this period to enter an overly optimistic mood. However, the cumulative volume remaining below $20 billion, even on the day of the Fed meeting, is worrisome.

ETH Price Analysis

The long wick in the September 18 and 19 candlesticks indicates that bears were selling at higher levels. Due to the volatility in BTC price, EMA20 was lost, but the price can try to rally above the $1,680 region again in an overly optimistic period by surpassing $1,637. In the best-case scenario, there are levels at $1,745 and $1,880.

In the opposite scenario, it is possible for the price of ETH to drop to $1,530 with closings below $1,600.

Dogecoin Reviews

The only good thing for the bulls is that the $0.06 region is still holding. At the time of writing, the price was at $0.062. If the upward movement occurs, the price can test the $0.07 and $0.08 regions. On the contrary, a drop to the critical support level of $0.055 would not be surprising.

As in the general case of altcoins, the movement of BTC price will be decisive here as well. DOGE bulls need to see the BTC price above $26,800.

Solana (SOL) Price Analysis

Due to the fact that the token inflation is not 40%, SOL Coin did not perform as poorly as its competitor AVAX in 2023. With FTX and institutional abandonment of the network, the Solana team had to start from scratch in many aspects. The community weakened, and successful projects in the network moved to competitors where they could make money, especially their NFTs. Investors in the Solana ecosystem suffered irreparable losses.

Regarding the price, the critical level for SOL Coin is $19.55, and it needs to be maintained. In a possible recovery, the levels of $21.14 and $22.3 can be tested. However, if the price falls below $18.50, the bullish scenario becomes invalid, and the price can target the $17.33 and then $15 regions.

TON Coin Price Forecast

There are a few altcoins that have been making investors happy for a while. TON Coin has managed to do this even if it suffers significant losses from now on. If the price can remain above $2.59, it can continue its rally towards $2.9 and $3.28.

In the opposite scenario, the support levels of $2.25 and $2.07 remain intact after $1.5.

Disclaimer: The information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and therefore the risks associated with cryptocurrencies and should conduct their own research before making transactions.

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