BTC struggles to maintain its position at approximately $56,800, as actions by the German government undermine upward trends through their BTC transfers. These market disturbances have also negatively impacted altcoins, weakening their support levels. Analysts are now focusing on the critical levels for TON, DOGE, and ADA Coin. What should investors anticipate at this stage?
What Are the Key Levels for TON?
TON Coin’s price, trapped between $6.77 and $8.29, is increasingly influenced by BTC. Investor sentiment for positive divergence is fading. Although there was some recovery from the low on July 5, substantial sales at $7.42 reversed the trend. Investors wary of short-term risks might be inclined to sell for smaller profits.
Significant supports at $6.77 and $6.36 are crucial for potential upward movements, especially for maintaining the uptrend. The EMA20 at $7.42 remains a critical area where the rally could either accelerate or reverse.
How Will DOGE Behave?
Despite DOGE attempting to reach $0.11, it lingers around $0.107. BTC’s situation heightens investor anxiety. A key level at $0.12 will be pivotal, but the price has not neared it yet. Persistent bear sales might push the price down to $0.08, risking a further fall to $0.06.
Surpassing the $0.12 mark could create a new rise area up to $0.14. With Germany continuing its transfers, if these sales conclude within 1-2 weeks, the market might regain enough optimism for a rise, especially with supportive Fed predictions.
Can ADA Coin Recover?
ADA Coin remains weak within its descending channel. Intermediate recovery attempts face sales pressures, with downward-inclined moving averages adding to the challenges. The only positive indicator is the RSI’s positive deviation. A breakout above the channel could trigger a strong rise, potentially turning higher levels into new supports.
However, a fall below the channel could see the price drop to $0.25.
Actionable Insights for Investors
- Monitor BTC fluctuations closely due to German government actions.
- For TON Coin, watch the $6.77 and $6.36 support levels for potential upward movements.
- Keep an eye on DOGE’s $0.12 level for a possible breakout and rise.
- Observe ADA Coin’s descending channel for signs of a breakout or further decline.
Investors should remain vigilant, closely watching key levels and market dynamics driven by external factors like government interventions to make informed decisions.