On June 29, BTC started at $60,400 and continues a gradual recovery from $60,000. Although some altcoins saw significant peaks in June, the negative sentiment from heavy BTC sales for over 10 days dampened enthusiasm. July is therefore risky. So, what are the predictions for altcoins?
Avalanche (AVAX)
On June 24, AVAX recovered from $23.5 and avoided a drop to $18.5 for now. It quickly rebounded and was relatively stronger than other altcoins at the time of writing. Although it reached the key breakout point of $29 on June 28, the drop in BTC price negatively affected it.
EMA 20 is now at $28.63, and RSI is near the neutral zone. This detail, showing a weakening selling pressure, supports the possibility of a positive divergence. If it remains moderate over the weekend as it was at the time of writing, upward attempts may occur. The target here is to surpass the $29 resistance and then reclaim the 50-day SMA. Closing above $33 will bring back the old levels we have been discussing for a long time.
In the downside scenario, the target is $23.5.
SHIB Price Prediction
SHIB price is currently in the middle of a narrow range between $0.000016 and $0.000018. This indicates a balance in sales. EMA 20 ($0.000019) is downward-sloping, and RSI is near the selling zone. This balance could break in favor of the bears. Thus, with the break of $0.000016, we could see a drop to $0.000014 and $0.000010.
What if we see an upward breakout? In this case, the movement could start towards the breakout level at $0.000020. The target will be $0.000022 in case of a close above the resistance. This will revive hopes for a new annual peak target.
WIF Coin Predictions
The price, which jumped from $1.469, faced sales at $2.16. Now, WIF Coin is trying to hold $2 as support. If successful, we could see a new attempt above $2.16. With this level held as support, the target will be the $2.6 threshold. The last major stop before the $3.47 ATH.
