Altcoin investors jumped at the chance to buy at lower levels during Friday’s market dip. If the Federal Reserve avoids unexpected market-shaking announcements on Wednesday, these savvy investors could reap substantial rewards. So, what is the outlook for TON and FIL Coins? What levels should investors monitor?
What are the Predictions for TON Coin?
Each altcoin has significant price markers, and for TON Coin, the critical level is $7.67. This resistance level needs to be breached to aim for the $10 target, but it has been a challenge to surpass, especially during market dips like Friday’s. Fortunately, TON Coin found solid support around the $6.8 mark, aligning with the 20-day EMA.
If this support holds and Bitcoin doesn’t experience severe declines, TON Coin is poised to retest the resistance level soon. Crossing the $7.67 resistance could pave the way to the psychological $10 level. However, a reversal from the current level or resistance might lead to further selling pressure, potentially dropping to $6.
What are the Predictions for FIL Coin?
FIL Coin, a unique player in its niche, gained attention in recent years. Despite the FTX collapse, it has shown resilience. Recently, on June 7, bulls faced strong resistance from bears, as indicated by the long wick. If FIL Coin can surpass the $6.77 mark, a scenario akin to TON Coin’s $10 story is expected, potentially breaking through $8.54 and $9.35 levels. Another sharp decline at resistance could result in prolonged consolidation in the current range.
Key Inferences for Investors
– Monitor the $7.67 resistance for TON Coin; surpassing it could lead to substantial gains.
– Watch for support around $6.8 for TON Coin to assess risk levels.
– FIL Coin needs to break $6.77 to aim for higher price targets.
– Be cautious of resistances as they could trigger selling pressures.
In conclusion, investors who capitalized on the recent market dip may see significant gains if crucial support and resistance levels are managed effectively. Monitoring the Federal Reserve’s announcements and market reactions will be essential in the coming days. Both TON and FIL Coins have potential, but their success will depend on the ability to breach key levels and sustain momentum.