COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: SEC Announces Spot ETH ETF Decision
Share
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Technical Analysis > SEC Announces Spot ETH ETF Decision
Technical Analysis

SEC Announces Spot ETH ETF Decision

In Brief

  • The SEC will announce its decision on the spot ETH ETF tomorrow.

  • High volatility is expected in DOGE, ADA, and AVAX charts.

  • Key resistance and support levels are crucial for price movements.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

By this time tomorrow, the SEC will likely have announced its decision on the spot ETH ETF. Predictions point in this direction. On May 23, after the US markets close, the SEC will have to announce its decision for the VanEck ETF, either approving or rejecting it for several altcoins. During that time, we will likely see high volatility in the charts of DOGE, ADA, and AVAX. So, what are the predictions?

Contents
DOGE Chart AnalysisADA Coin Chart AnalysisAVAX Chart Analysis

DOGE Chart Analysis

At the time of writing, the bears seem to have won the battle at $0.17 for DOGE. The 20-day EMA is at $0.15, and as long as this level is maintained, upward attempts may be seen. If the price exceeds $0.17, DOGE will likely test the $0.21 and $0.23 regions again. In the opposite scenario, the long-standing narrow range movements are likely to continue in a more tedious manner.

ADA Coin Chart Analysis

The price, which jumped above the 50-day SMA ($0.49), easily turned back from $0.52. If the weakness continues, ADA Coin may move towards lower support levels. In the opposite scenario, the target is at $0.57. We frequently share evaluations for ADA Coin, and the key regions have remained stable due to low volatility for a long time.

AVAX Chart Analysis

Following the good news on Monday, AVAX quickly turned upwards. Reclaiming $40 is a very positive development. The rise that started from the 20-day EMA ($36.62) now allows the price to continue finding buyers above the general resistance level of $40.

Moving averages favor the continuation of the rise, and the RSI supports this. The psychological resistance at $50 is very important, and we have repeatedly mentioned that this level is one of the main obstacles on the way to triple-digit prices throughout the first quarter. Although AVAX creates environments favorable to bears with significant key openings, it may succeed this time with SEC support.

In the opposite scenario, a drop to $29 will not be surprising. Indeed, the price recently turned back from $31.5. BTC continues to find buyers at $69,156 for now.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
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.

You Might Also Like

Leading Analysts Predict Cryptocurrency Breakthroughs

Bitcoin Surges to New Heights as Market Awaits Its Limit

Bitcoin Price Soars to New All-Time Highs

MANA Coin Awaits a Breakthrough: Is the Time Now?

Trump’s Innovative Foray into Crypto Sparks Unprecedented Interest

COINTURK NEWS 23 May, 2024 - 3:35 am 23 May, 2024 - 3:35 am
Share This Article
Facebook Twitter
Share
Previous Article Investors Monitor Cardano (ADA) Price Movements
Next Article Bitcoin Dips Below $69,500 as Investors Take Profits
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Ethereum Empowers Its Future by Implementing Zero-Knowledge Technology
Ethereum (ETH)
Arthur Hayes Predicts Thrilling Altcoin Surge That Captures Market Attention
Altcoin News
Bitcoin Surges as Institutional Buying Dries Up Supply
Bitcoin (BTC)
GMX Exchange Faces Challenges, But Bounces Back Strongly
Altcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?