The price of Bitcoin (BTC) 
$75,496 continues to find buyers above $118,000, while a slight recovery is observed in altcoins. Although local peaks were set this week, it is still challenging to definitively speak of a downtrend in altcoins. The upcoming interest rate decision and the implementation of tariff rates next week are worrisome, but sales have halted for the time being. What are the latest predictions for TON Coin and PEPE Coin?
Analyzing TON Coin’s Chart
In the past year, TON Coin has made waves, but as previously discussed, the success of Telegram mini applications needed to dissipate with unsuccessful airdrops. This indeed occurred. In cryptocurrencies, hype represents shorter-term, rapidly consumed periods. While consumption in crypto is fast, there have been instances where the ashes of past hypes gave rise to new opportunities.
Ali Martinez mentions that we might see a move in TON Coin reminiscent of the excitement of its earlier days.
“As long as Toncoin stays above $2.87, its bullish structure will remain intact. The next move could be towards $5.30.”
Time is fleeting, and despite the tariff uncertainty not being resolved in August, the U.S. debt continues to grow. If cryptocurrencies maintain growth alongside U.S. debt and provide alternatives for those seeking portfolio diversification, we might experience better days.
Insights into PEPE Coin and Cryptocurrencies
Increased volatility translates to more potential for both gain and loss. Altcoin Sherpa’s medium-term forecast for BTC suggests an extremely volatile course. Although BTC has maintained its support level of $115,500 for a long time, movements to and from the $120,000 mark can cause significant impacts on altcoins. If Sherpa is correct, it implies heightened risks.
“Honestly, it wouldn’t surprise me to see BTC moving erratically. I don’t particularly like this price action because it’s too close to the last peak at $112,000; I’d prefer more movement. I’ll follow daily developments.”
Lark Davis is optimistic about PEPE Coin. The recent rise in ETH prices supports this meme coin. Even though it didn’t fully capitalize on the last major rally, PEPE Coin still made its presence felt. Daily closures above the 20-day EMA form the basis of Davis’s bullish expectations.
“PEPE rebounded from the bullish trendline (orange line) and is currently trying to stay above the 20-day EMA (yellow line). A daily closure above the 20-day EMA could provide the necessary momentum for the next rise. Technically, the bullish trend is being retested, but bulls need to act to retain the 20-day EMA and prevent the impending MACD bearish crossover.”
