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The weekend has begun, and the trading volume of around 96 billion dollars in the last 24 hours is expected to continue its decline. As volume weakens, high volatility can be seen towards the short-term direction. For now, the direction seems downward due to the latest US data and ETF entries. So, what are the predictions for AVAX, TON, and SHIB?
Avalanche (AVAX)
The price turned downward after losing the $50 breakout area. Weekly losses exceeded 15%, and the market value fell back to $17.13 billion. AVAX’s losses in the last 24 hours are around 2.3%. Avalanche dipped below the 50-day SMA ($47) on April 3rd. Bears appear to have taken control.
Despite an attempt to reclaim the $47 level during Thursday’s interim rise, the outcome was disappointing. If the current negativity persists, we might see the AVAX price fall to $42. The direction will become clearer depending on the battle at this crucial support area.
If a rebound begins, we could return to the $60 and $65 targets. In the opposite scenario, excessive selling could push the price down to $31.
TON Coin Reviews
Bulls have not given up on trying to push the price above $4.73. If they succeed, we will see the recent decline reversed. The subsequent rise is likely to bring the price to the $5.69 resistance area. If supported by the BTC price, TON Coin bulls will aim for $7.09 this time.
Shiba Coin Commentary
Bulls are struggling to lift Shiba Inu above the 20-day EMA ($0.000028), a key area we’ve discussed throughout the week. At the time of writing, Shiba Coin’s price was below this level.
RSI and moving averages indicate a balance. The real breakdown in bearish predictions will come with closures below the 50-day SMA ($0.000024). In this scenario, the price could retreat to the $0.000017 support base.
The optimistic scenario suggests that if the 20-day EMA turns into support, we could see resistance at $0.000033 and $0.000039.
