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COINTURK NEWS > Technical Analysis > Investors Anticipate July Altcoin Trends
Technical Analysis

Investors Anticipate July Altcoin Trends

In Brief

  • Altcoin investors eagerly anticipate July due to historical rise trends.

  • TON Coin shows bullish signals with potential targets of $7.87 and $8.29.

  • DOGE and ADA prices fluctuate within specific ranges, influenced by BTC performance.

COINTURK NEWS
COINTURK NEWS 2 years ago
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Altcoin investors are eagerly anticipating July. Historical data suggests a possible rise this month. During negative Junes, BTC often rose in July. Cryptocurrencies are showing movement, and BTC’s higher low in the recent drop boosts morale. So, what are the current predictions for altcoins? Let’s look at the current situation for 3 popular altcoins.

Contents
TON Coin PredictionsDogecoin Price PredictionCardano (ADA) Predictions

TON Coin Predictions

The gradually rising EMA20 reflects investor demand for TON Coin. The RSI also signals a bullish trend. So, what’s next? Buyers need to surpass the $7.87 level as their first target while BTC is still above $63,000. If this key area is breached and turned into support, TON, one of the most popular altcoins in recent months, could climb to $8.29.

Even in June, TON and NOT Coin saw significant positive divergence and rises. This makes investors believe in a rally story for TON Coin supported by the general market rise in July. However, things don’t always go as expected. If TON Coin loses the $7.04 support, a drop to $6.6 could be seen.

Dogecoin Price Prediction

Buyers aim to return to the EMA20 level of $0.13. However, the DOGE price is stuck at $0.125. It continues the day with a 0.9% increase. If the rise starts, the target will be the SMA50, which is $0.14. The DOGE price, fluctuating between $0.12 and $0.18, is likely to linger in this range for a while.

Volatility will increase with closures above $0.18. But what if support is broken instead of resistance? In this case, closures below $0.12 could target the psychological support level of $0.1.

Cardano (ADA) Predictions

The ADA Coin price hovering near the $0.4 resistance remained relatively strong. The mid-point RSI still emphasizes balance, but if an upward recovery starts, a new rise to $0.43 and $0.51 could be seen. The main point to watch here is, of course, BTC performance. If BTC falls back to $60,000 while altcoins have not fully recovered, deeper lows and larger drops could be seen.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 2 July, 2024 - 3:05 am 2 July, 2024 - 3:05 am
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