Investors are bracing for notable price shifts in the cryptocurrency market next week, with key developments anticipated to drive fluctuations. Recent updates suggest that significant changes could occur, especially influenced by Thursday’s inflation data. If inflation figures come in lower than expected, the likelihood of the Federal Reserve implementing at least two rate cuts this year increases. Conversely, if the data disappoints, the optimism from recent employment reports could dissipate.
What Are TON Coin Predictions?
Toncoin (TON) has been experiencing a decline since hitting $8.17 on July 3rd. The cryptocurrency faced strong resistance, compounded by a negative market sentiment that worried investors. Despite falling below $6.77, the bears failed to push the price significantly lower. If TON can close above $7.09, it may again challenge resistance levels. Conversely, if the price drops below $6.77, it could target $5.25, forming a double top.
How Will ADA Coin Perform?
The ADA Coin price has been eroded after losing support at $0.35. Continued selling pressure could see it target $0.25 if it falls below $0.3, potentially marking a point where excessive sales stabilize. For a short-term recovery, ADA needs to reclaim $0.35 and the EMA20 level of $0.39.
Avalanche (AVAX) Price Trends
On July 5th, AVAX prices dipped below $23.5, but buyers stepped in to purchase at the lower levels. A recovery could drive prices to $29, particularly if it surpasses the EMA20 level of $27.7. However, should BTC continue to decline, AVAX might follow suit, potentially dropping to $19 after hitting $21.8.
SHIBA Coin’s Future Direction
Shiba Inu’s value dropped below the $0.000016 support on July 4th, breaking from a narrow range. Though it briefly lost the $0.000014 support on Friday, it managed to regain it. Should this support fail again, the price could drop to $0.00001. On the recovery side, reclaiming the EMA20 level of $0.000017 could be possible, especially since BTC is showing signs of recovery.
Actionable Insights
– Monitor Thursday’s inflation data for potential impacts on the market.
– Watch TON Coin for closures above $7.09 to gauge resistance challenges.
– ADA Coin recovery hinges on reclaiming $0.35 and EMA20 at $0.39.
– AVAX buyers should look for price moves past EMA20 at $27.7.
– SHIBA Coin could dip to $0.00001 if $0.000014 support is lost again.
In conclusion, the cryptocurrency market is heading into a week of potential volatility. Investors should stay informed and be prepared for swift price movements based on upcoming data releases and market sentiment shifts.