For cryptocurrency investors, the week started off well with BTC reaching $66,824. What about the altcoins? After underperforming in April, altcoins have now found new opportunities following the halving. What are the current price predictions for TON, DOGE, and ADA Coin?
TON Coin Price Prediction
Trading volumes on the ETF channel have dropped since last Friday. On April 22, IBIT volume decreased from $1.26 billion to $1.1 billion, and GBTC volume fell from $498 million to $441 million. Although entry and exit data are not yet available, the demand on crypto exchanges remains lively, suggesting another net entry day could be behind us.
Looking specifically at TON Coin, what dollar amount is targeted? The price, close to the support area of the rising channel formation, lost momentum due to profit-taking. It did not start a strong recovery from $6, and the TETHER news has lost its impact for now.
Closures below the channel’s support line could initiate a new drop towards $4.9. Conversely, for the rise to continue, a break above $6.5 is needed. Afterwards, the $7.23 resistance can be targeted.
Dogecoin Price Prediction
DOGE price, at the time of writing, is above $0.16. Overcoming this resistance again sets the stage for further increases. If closures continue in the current price region, the $0.21 and $0.23 resistance levels could be retested. However, if the price falls below the downtrend line, a pullback to $0.14 and $0.12 could be expected.
ADA Coin Price Prediction
ADA Coin is back at the $0.52 threshold, and the 20-day EMA is likely to turn into strong resistance. Indeed, bulls have not yet managed to surpass this level. The determining factor here will be if the BTC price exceeds $67,000, weakening the bears. As ETF data comes in over the coming hours, if dominant net entries are seen, an optimistic scenario could unfold.
The optimistic scenario targets $0.57 and $0.63. Conversely, a break below $0.46 could lead to a drop to the $0.4 support level.
