The trading volume has decreased to around 96 billion dollars within the last 24 hours as the weekend commences. This decline is anticipated to continue with high volatility in the short term. Recent US data and ETF entries have influenced the current downward direction.

Avalanche (AVAX)

AVAX experienced a decrease in price after failing to sustain the $50 breakout level. Weekly losses surpassed 15%, leading to a decrease in market value to $17.13 billion. The last 24 hours saw AVAX's losses at approximately 2.3%. Bears seem to be dominating the market after Avalanche dropped below the 50-day SMA ($47) on April 3rd.

Efforts to reclaim the $47 level during a temporary increase on Thursday did not yield positive results. If the current negative trend persists, there is a possibility that AVAX's price could drop to $42. The future direction will depend on the developments at this significant support level. A potential rebound might lead to target levels of $60 and $65, while increased selling pressure could drive the price down to $31.

TON Coin Trends

Despite challenges, bulls are pushing to surpass the $4.73 mark for TON Coin. A successful breakthrough could reverse the recent decline and push the price towards the $5.69 resistance level. If BTC's performance supports it, TON Coin could aim for $7.09 in the following period.

Shiba Coin Insights

Bulls are facing resistance in raising Shiba Inu above the 20-day EMA ($0.000028), an essential area of focus. As of the latest update, the Shiba Coin price remains below this level.

Indicators like RSI and moving averages suggest a balanced market. Bearish predictions would be confirmed with sustained closures below the 50-day SMA ($0.000024), potentially leading to a price drop to the $0.000017 support level. On the other hand, a positive scenario hinges on the 20-day EMA offering support, with resistance levels projected at $0.000033 and $0.000039.

For more details, refer to the original post on COINTURK NEWS: Cryptocurrency Market Outlook: AVAX, TON, and SHIB Price Predictions