Investors Monitor Cryptocurrency Movements as Market Volatility Increases

Investors, unable to predict the next phase, are stepping aside and merely observing, causing volumes to drop. This has been the case for Bitcoin and altcoins for a while. Ahead of tomorrow’s inflation data, investors looking to reduce risk have made significant sales and are now refraining from buying. So, what are the predictions for DOGE, ADA, and TON Coin?

Dogecoin (DOGE)

The largest meme coin by market value, DOGE, is fluctuating between the horizontal support levels of $0.16 and $0.12. Although buyers are trying to keep the price above the 20-day EMA ($0.15), they haven’t been successful as BTC dropped back to the $61,600 level today. If tomorrow’s data is favorable, the 50-day SMA ($0.16) could be tested, and beyond that, the $0.21 and $0.23 resistance levels could be targeted.

On the other hand, if there are closures below $0.15, the $0.12 and $0.08 targets will come back into focus.

ADA Coin Predictions

ADA Coin is again in the $0.43 range, and BTC’s failure to maintain above $63,000 has triggered losses of up to 5% in altcoins. Popular cryptocurrencies like ADA, MATIC, and CHZ have experienced rapid sales. The declining 20-day EMA ($0.46) and the RSI remaining on the selling side make it easier to predict a downward movement.

In the coming hours, depending on the overall market sentiment, the price of ADA Coin is likely to retreat to the $0.4 support. However, if $0.46 is reclaimed, in an optimistic scenario, the range of $0.5 to $0.52 could be surpassed, bringing the $0.56 target into focus.

TON Coin Price Prediction

The star of the last few months has gained significant popularity. The success of the Telegram-supported altcoin in building its ecosystem and marketing to Telegram users makes its market value of over $20 billion (possibly inflated) meaningful. However, the risk that a large portion of the token supply is held by a few investors always exists for TON Coin.

As for the price, $7.67 is the main resistance, and if the bulls can surpass this level, the rally could continue towards $9.