Investors are gearing up for potential price movements in the cryptocurrency market next week, with key factors expected to influence these fluctuations. Recent indicators point towards the likelihood of substantial changes, particularly impacted by the forthcoming inflation statistics. A lower-than-anticipated inflation rate may lead to a heightened probability of the Federal Reserve implementing multiple rate reductions this year. Conversely, a disappointed data outcome could diminish the positive sentiment generated by recent employment disclosures.
TON Coin Projections
TON Coin (TON) has been facing a downturn since reaching $8.17 on July 3rd. The cryptocurrency encountered significant resistance along with negative market sentiment that concerned investors. Despite slipping below $6.77, bearish forces were unsuccessful in driving the price notably lower. A potential closure above $7.09 could rekindle challenges to resistance levels, whereas a drop below $6.77 could target $5.25, forming a double high.
ADA Coin Forecast
The price of ADA Coin has weakened after losing its foothold at $0.35. Continuous selling pressure might drive it towards $0.25 upon breaking below $0.3, potentially establishing a stabilization point amidst excessive sell-offs. A revival in the short term necessitates ADA reclaiming $0.35 and the EMA20 threshold of $0.39.
Avalanche (AVAX) Price Analysis
On July 5th, AVAX prices descended below $23.5, prompting buyers to seize opportunities at lower levels. An upward rebound could propel prices towards $29, particularly if it crosses above the EMA20 level of $27.7. However, a decline in BTC's value could trigger a similar downturn in AVAX, possibly descending to $19 following a peak at $21.8.
SHIBA Coin Future Outlook
Starting July 4th, Shiba Inu's value dipped below the $0.000016 support level, breaking free from a limited trading range. Although it briefly lost the $0.000014 support on Friday, it managed to recover it. Failure to sustain this support may lead to a drop to $0.00001. On the recovery front, reclaiming the EMA20 level at $0.000017 may be viable, especially amidst signs of BTC's recuperation.
Strategic Pointers
- Keep a close eye on Thursday's inflation data for potential market repercussions.
- Track TON Coin's performance above $7.09 to evaluate resistance confrontations.
- ADA Coin's recovery hinges on the recapture of $0.35 and EMA20 at $0.39.
- AVAX investors should observe price movements surpassing the EMA20 level at $27.7.
- SHIBA Coin's price might plummet to $0.00001 if the $0.000014 support is breached anew.
In summary, the cryptocurrency market is poised for a week of probable volatility. Investors should maintain awareness and readiness for rapid price oscillations influenced by impending data releases and shifting market sentiments.
