Today, spot ETH ETFs reached a trading volume of $937 million, closely trailing Bitcoin ETFs. While BTC ETFs are at $1.1 billion, ETH ETFs have exceeded $850 million. However, BTC is below $66,000 due to a recent influx of approximately 45,000 BTC into the Kraken exchange.
At the same time, Bitstamp exchange announced that MtGox creditors would receive repayments starting July 25. This dampened risk appetite. Additionally, the recent $1.1 trillion loss in US stock markets contributed to the negativity.
Is TON Coin a Good Buy?
In the medium and long term, the market outlook is extremely positive. This week, I explained numerous reasons for this multiple times, so let’s look directly at the TON Coin chart. The price, which fell to the $6.77 support, was affected by the overall market sentiment despite Binance’s support for the TON Coin ecosystem.
If the TON Coin price closes below $6.77, it is expected to drop to the double top formation targets of $6 and $5.5. However, a sharp rise from here could quickly push the price to $7.72.
ADA Coin Price Targets
ADA Coin price, which has fallen to moving averages, warns investors about ongoing sales during rallies. If the decline continues, it could drop to the strong support level of $0.35. However, if it closes above $0.46, the target will be $0.52.
AVAX Price Target Commentary
SMA20 is flattening at $27.55, and RSI does not indicate a clear direction. If sales continue in the coming hours, we could see a drop to $24 and $21.8. Conversely, we need to see AVAX Coin price recovering from moving averages.
This could trigger a new move to $37 and $42, with $29 turning into support again. Of course, the key is that the $33 resistance does not become a hurdle.
Shiba Coin Target
The price, squeezed between moving averages, is lingering in a narrow range. Closes below SMA20 could lead to a drop to $0.000015 and then to $0.000013. A bounce from the bottom could keep the price confined to a range, with $0.00002 being the ceiling.
For Shiba Coin investors, a significant upward move is possible with closes above $0.00002. The target for the rise is $0.000026.
