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COINTURK NEWS > Technical Analysis > Bitcoin and Altcoin Prices Show Significant Movements
Technical Analysis

Bitcoin and Altcoin Prices Show Significant Movements

In Brief

  • BTC continues its volatile movements, rising to $58,526 in 24 hours.

  • XRP Coin sees a 5% increase, reaching $0.49.

  • DOGE struggles to break $0.12, returning to $0.1 support.

COINTURK NEWS
COINTURK NEWS 10 months ago
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Volatility remains strong and BTC continues its movements of several thousand dollars. BTC, which rose to $58,526 in 24 hours, has now pulled back. Good news is not helping the BTC price increase as desired. However, as we saw in the recent BlackRock ETF application, BTC price needs to price in these developments, albeit with a delay. So, what are the predictions for altcoins?

Contents
XRP Coin PredictionsDOGE Price PredictionTON Coin Analysis

XRP Coin Predictions

The largest altcoins also saw a 5% increase, with XRP Coin recovering the fastest. This is surprising because XRP Coin has been frustrating its investors with its lack of response for a long time. In the last 24 hours, the price rose to $0.49, and as we saw from the long wick, sellers are active at higher levels, preventing the rise.

It is important to maintain the $0.46 support to prevent a decline. However, the real big move could be seen if the price, which recovers from $0.46, reclaims the SMA50 level of $0.53. So, what happens if the support breaks down? In this case, the boring movements between $0.41 and $0.46 will continue. In lower support tests, the target is updated to $0.38.

DOGE Price Prediction

With new meme coins absorbing volume, DOGE and SHIB have not seen the desired interest for a long time. New investors now have more alternatives, and with altcoins increasing more than fivefold this year, few people are paying attention to them. However, in the long term, both remain on the list of the largest due to their communities and future plans.

Since DOGE could not break the $0.12 level and close above it, it returned to the $0.1 support and is likely to remain stuck here for a while. If the $0.1 support is lost, DOGE price will seek deeper support at $0.08. In an upward breakout, the target is $0.14.

TON Coin Analysis

Telegram-integrated altcoin has taken many big steps. The recent layer2 solution story was a good move for the ecosystem’s development in the long term. However, prices are shaped by the overall market sentiment despite good news. SMA20 is at $7.48, and the price is lingering in this range. This is positive for short-term hopes.

If $7.72 can be turned into support, the target of $8.29 and double-digit prices could come into play. In the opposite scenario, targets of $6.77, $6, and then $5.5 are current.

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 13 July, 2024 - 3:07 am 13 July, 2024 - 3:07 am
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