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Bitcoin price reached a daily low of $61,765 before finding buyers at $63,710 as this article was prepared. The launch of Bitcoin ETFs in Hong Kong a few hours earlier did not cause significant price movements. What are the current predictions for popular altcoins? How much are they targeting in rise and fall scenarios?
TON Coin Price Prediction
Toncoin (TON) bounced off the 50-day SMA ($5.27) on April 27 but, like many other altcoins, failed to break above the 50-day SMA. This indicates that investors are quick to sell during minor rallies, reflecting the overall sentiment. The formation of lower highs in Bitcoin’s price is turning resistance, continuing the selling mood among altcoin investors.
If TON Coin fails to surpass $5.7, we might see a dip towards $4.7 and $4.5 on closes below $5.27. Being a popular altcoin in recent months, it’s likely that bulls will look for new opportunities. Therefore, especially in futures trading, volatility could have serious consequences.
Dogecoin (DOGE) Price Prediction
Three days ago, Dogecoin (DOGE) price broke below the symmetrical triangle, clearly showing bear dominance. The DOGE/USDT pair could retreat to the main support at $0.12, where bulls are likely to step in. If it closes below this crucial level, then a drop to the long-watched support level at $0.08 could occur, potentially leading to a prolonged price consolidation.
The 20-day EMA ($0.16) and the descending trend line will continue to act as strong resistance for bulls. If this area can be overcome, targets of $0.23 and $0.27 could come into play again.
Cardano (ADA) Chart Review
The main volatility trigger will be tomorrow’s Fed interest rate decision. Powell’s statements will significantly shape the interest rate reduction path for this year. However, before that, ADA Coin bears hastily pushed the price below the crucial support at $0.46. ADA Coin is finding buyers at $0.458 as this article is being prepared.
Downward sloping moving averages and a negative region RSI reflect the potential for continued sales towards $0.4. Conversely, targets of $0.52 and $0.58 could be aimed in the opposite scenario.
