Altcoin enthusiasts are eagerly looking forward to July with high expectations for notable performance improvements. Historical patterns indicate a possible uptrend this month, particularly when Bitcoin (BTC) experiences a positive movement after a downturn in June. The recent higher low in BTC’s price has bolstered investor confidence. So, what do predictions suggest for prominent altcoins? Let’s delve into the current projections for three popular altcoins.
How Will TON Coin Fare?
The upward trend in the EMA20 indicates a growing demand for TON Coin, corroborated by a bullish RSI. To maintain this momentum, buyers must push past the $7.87 mark, a significant target since BTC last traded above $63,000. If this resistance is broken and converted into support, TON Coin, which has garnered attention in recent months, could reach $8.29. However, a drop below the $7.04 support level could see it decline to $6.6.
What is the Dogecoin Forecast?
Dogecoin (DOGE) investors aim to regain the EMA20 level at $0.13, but the price currently hovers around $0.125, showing a 0.9% daily increase. Should an upward trend commence, the next target would be the SMA50 at $0.14. For now, DOGE is likely to oscillate between $0.12 and $0.18. Exceeding $0.18 could heighten volatility, whereas a dip below $0.12 might push it to the psychological support level of $0.1.
Cardano (ADA) Forecasts
Cardano’s ADA Coin, trading near the $0.4 resistance, shows resilience. The mid-point RSI suggests equilibrium, but an upward recovery could propel ADA to $0.43 and $0.51. BTC’s performance is crucial here; a BTC decline to $60,000 amid an incomplete altcoin recovery could trigger steeper drops for ADA.
Key Takeaways for Investors
- For TON Coin, keeping an eye on the $7.87 resistance is critical for future gains.
- DOGE needs to break the $0.13 level to target higher gains around $0.14.
- ADA’s performance hinges significantly on BTC trends, particularly around the $0.4 resistance level.
In summary, July holds promise for altcoins, contingent on surpassing key resistance levels and maintaining support. Investors should closely monitor these critical points to capitalize on potential gains.