You can also read this news on COINTURK NEWS: April Brings Excitement for Cryptocurrency Investors with Upcoming Bitcoin Halving
As we approach the end of March, investors are gearing up for April, which is set to bring the Bitcoin block reward halving. According to today’s calculations, the Bitcoin halving will occur on April 20th. Interestingly, instead of a decline, we may see an even more parabolic rise as we have witnessed an all-time high (ATH) before this halving. What are the current predictions for DOGE, AVAX, SHIB, and TON Coin?
Dogecoin (DOGE) Chart Analysis
Dogecoin demonstrated its strength on March 28th by surpassing the resistance zones between $0.19 and $0.21, hinting at a potential larger rally. The price approached the $0.23 mark. Upward trending moving averages and the RSI in the overbought zone suggest that the groundwork for a larger surge is set. Moreover, the $0.23 resistance level does not seem too formidable.
If the rally continues, targets of $0.3 and $0.35 could be easily reached. The CFTC commodity confirmation on April 1st might serve as a good pretext for this. However, in crypto, it’s common to buy the rumor and sell the news, so profit-taking could occur around April 1st or shortly thereafter. The miner supply not being far from a three-year low is positive under the current conditions.
Avalanche (AVAX) Chart Analysis
A price above $52 and a positive RSI are encouraging signs for further increases. BTC is also above $70,800. If bulls can close above the resistance line of the flag pattern, the formation could target a rise to $76. However, losing the strong $50 support could lead to a drop to the 50-day SMA at $45.
SHIB Price Prediction
Bears are expected to put up a strong defense at $0.000035. Currently, the price is below this level, but the area could be tested. If breached, an extension of the Shiba Coin rally towards $0.000039 seems likely.
Toncoin Price Forecast
This bull market has captured strong momentum for the Telegram-backed altcoin, which also managed to attract attention last year, boding well for long-term performance. Toncoin is finding support at $4.78, and losing this area could lead to a pullback to the 20-day EMA at $4.22.
In a bullish scenario, if the key area is held, Toncoin could aim for levels between $5.69 and $7.15.
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