Investors Focus on Bitcoin Amid Price Fluctuations

Investors Focus on Bitcoin Amid Market Volatility

Bitcoin's (BTC) price continues to fluctuate without a clear reversal. Investors are closely monitoring upcoming US inflation data, which could potentially trigger a temporary rise in the absence of negative news from MTGOX.

Current Chart Analysis

Solana (SOL)

• SOL price remains near $140, with a target of $151 (SMA50).
• Short-term profit-taking may lead to a retest of $116.
• ETF applications could boost investor sentiment and drive prices higher in the short to medium term.
• A breakout above $151 would invalidate the descending triangle formation.

Dogecoin (DOGE)

• Despite being the largest meme coin, DOGE lacks the growth potential of newer alternatives.
• Price remains below $0.12, suggesting a drop to $0.09 is possible.
• A breakout above $0.12 would open up resistance at $0.14 and $0.18.

TON Coin

• TON Coin's announcement of a new Layer2 solution has strengthened the ecosystem.
• Buyers have entered the market after support at $6.77.
• The key resistance level is EMA20 at $7.39.
• A breakout above $7.39 could lead to further gains towards $7.72 and $8.29.