Investors Anticipate July Altcoin Trends
Release: 2024/07/02 08:05 Reading: 712
Investors Anticipate July Altcoin Trends
Altcoin investors are eagerly anticipating July, as historical data suggests a possible rise this month. During negative Junes, Bitcoin (BTC) has often experienced gains in July. With cryptocurrencies showing movement, and BTC's higher low in the recent drop boosting morale, what are the current predictions for altcoins?
TON Coin Predictions
TON Coin's gradually rising EMA20 reflects investor demand. The RSI also signals a bullish trend. Buyers aim to surpass $7.87 as their first target while BTC remains above $63,000. If this key area is breached, TON could climb to $8.29.
TON Coin has exhibited positive divergence and rises even in June, supporting the belief in a rally story in July. However, if support at $7.04 is lost, a drop to $6.6 is possible.
Dogecoin Price Prediction
Buyers are targeting the EMA20 level of $0.13, but the price remains stuck at $0.125. Should the rise start, the SMA50 at $0.14 will be the next target. Dogecoin's price is likely to remain in the $0.12 to $0.18 range for the time being.
Volatility will increase with closures above $0.18. If support is broken below $0.12, the psychological support level of $0.1 could be targeted.
Cardano (ADA) Predictions
The ADA Coin price has hovered near the $0.4 resistance, remaining relatively strong. The mid-point RSI indicates balance, but an upward recovery could lead to a new rise to $0.43 and $0.51. BTC performance is crucial to watch, as deeper lows and larger drops could occur if it falls back to $60,000 while altcoins are still recovering.
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