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July 18, 2024
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Here is What’s Next for Toncoin (TON), Avalanche (AVAX) & Dogecoin (DOGE) Price

The post Here is What’s Next for Toncoin (TON), Avalanche (AVAX) & Dogecoin (DOGE) Price appeared first on Coinpedia Fintech News

Bitcoin remains stuck within a range, failing to rise beyond $64,500 after a brief recovery from the local lows at $56,500. With this, the crypto markets have turned slightly bullish as traders Besides, the altcoins within the top 10 briefly follow the star crypto, while others are preparing for diverse price action. 

Toncoin (TON) Aims for a 20% Upswing

Toncoin price maintained a consolidated, descending trend for quite a long time before it triggered a massive upswing, reaching new highs above $7.5. Although the bears tried hard to squeeze the profits, the bulls defended the support, triggering a fresh upswing. Currently, the price is trading within a narrow range, indicating a rise in value could be imminent. 

The price has rebounded from 0.5 FIB levels and is trading within a range bound for a couple of days. The MACD is about to undergo a bullish crossover, which suggests increased buying pressure with a slight rise in buying volume. Therefore, the TON price is expected to rise and reach the 1 FIB level, close to $8, in the coming days. 

Avalanche (AVAX) May Hit $44 This Week

The Avalanche price has been trading within pre-determined resistance and support levels ever since it marked highs above $50 initially and later at $64. After the massive pullback, the price is consolidating along the lower support, which suggests the sluggish behaviour of the bulls. However, the AVAX price is believed to consolidate within a narrow range for a while and trigger a strong upswing towards a higher range. 

The Bollinger bands have converged to a large extent and are going parallel to each other after manifesting extreme variation. Besides, the volume also dropped with the bears having a notable dominance. The average bands of Bollinger offer a strong base which may further trigger a strong breakout aiming to reach $50 initially and later target higher levels. 

Dogecoin (DOGE) Consolidating, Due for a 25% Rise

The Dogecoin price faced a massive upswing in the last days of the first quarter, which attracted huge attention from the traders. Although the bears tried their level best to drag the levels back to their initial levels, the bulls rebounded finely to mark new yearly highs. Since then, the price has maintained a steep descending trend, which is believed to be broken by the latest market trend.

The DOGE bulls held the price at $0.153, nullified the bearish impact and are preparing to trigger a fresh rise. The price is consolidating within a narrow range and the outcome is expected to be a bearish breakout beyond the local resistance. The RSI in the 4-hour chart has triggered a bullish reversal, which indicates the price may soon pierce through the barrier and reach the immediate resistance at $0.1651. Here, the bulls may face some hindrance but after displaying some consolidation, a rise to $0.18 may be imminent.

Also Check Out : Altcoins Show Strength While Bitcoin Stuck Within A Range: WLD, NEAR & RNDR Price Close to Triggering a Fresh Upswing

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