Altcoins
Here is the rest of the prices of Toncoin (TON), Avalanche (AVAX) and Dogecoin (DOGE)
Bitcoin remains stuck in a range, failing to rise above $64,500 after a brief recovery from local lows of $56,500. With this, crypto markets have turned slightly bullish as traders. Additionally, the top 10 altcoins briefly follow the crypto star, while others prepare for various price actions.
Toncoin (TON) aims for a 20% rise
Toncoin price maintained a consolidated downtrend for quite a long time before triggering a massive rally, reaching new highs above $7.5. Although the bears worked to trim profits, the bulls defended the support, triggering a fresh rally. Currently, the price is trading in a tight range, indicating that a rise in value could be imminent.
The price has rebounded from the 0.5 FIB levels and is trading within a limited range for a few days. The MACD is about to undergo a bullish crossover, which suggests increased buying pressure with an uptick in buying volume. Therefore, TON price is expected to rise and reach the 1 FIB level, near $8, in the coming days.
Avalanche (AVAX) Could Hit $44 This Week
THE Avalanche prices has been trading inside predetermined resistance and support levels since initially hitting highs above $50 and then $64. After the massive pullback, the price is consolidating along the lower support, which suggests the slow behavior of the bulls. However, it is believed that AVAX price will consolidate in a tight range for a while and trigger a sharp rise towards a higher range.
The Bollinger Bands have converged to a large extent and are parallel to each other after exhibiting extreme variations. Additionally, volume also fell, with bears having notable dominance. The average Bollinger bands provide a strong base that could further trigger a strong breakout aimed at hitting $50 initially and targeting higher levels later.
Dogecoin (DOGE) Consolidates, Expected to See 25% Upside
THE Dogecoin Price faced a massive rally in the last days of the first quarter, which attracted great attention from traders. Although the bears tried their best to bring the levels back to their initial levels, the bulls rebounded finely to reach new yearly highs. Since then, the price has maintained a strong downward trend, which appears to be interrupted by the latest market trend.
DOGE bulls held the price at $0.153, negated the bearish impact and are preparing to trigger a further rise. Price is consolidating within a tight range and the result should be a bearish breakout past local resistance. The RSI on the 4-hour chart has triggered a bullish reversal, which indicates that the price may soon break the barrier and reach immediate resistance at $0.1651. Here, the bulls might face some hurdles, but after showing some consolidation, a rise to $0.18 might be imminent.
Also discover: Altcoins Show Strength as Bitcoin Remains Range-bound: WLD, NEAR and RNDR Prices Poised to Trigger Further Rise