Price: $0.40783 5.8886%
Market Cap: 59.91B 1.8169%
Volume (24h): 12.05B 0.4%
Dominance: 1.8169%
Price: $0.40783 5.8886%
Market Cap: 59.91B 1.8169%
Volume (24h): 12.05B 0.4%
Dominance: 1.8169% 1.8169%
  • Price: $0.40783 5.8886%
  • Market Cap: 59.91B 1.8169%
  • Volume (24h): 12.05B 0.4%
  • Dominance: 1.8169% 1.8169%
  • Price: $0.40783 5.8886%
Home > Information news > Key Insights on Cryptocurrency Market Trends

Key Insights on Cryptocurrency Market Trends

Release: 2024/04/20 10:00 Reading: 402

Original author:COINTURK NEWS

Original source:https://coinmarketcap.com/community/articles/66231132cc54800f0976f934

You can also read this news on COINTURK NEWS: Key Insights on Cryptocurrency Market Trends

As this article was prepared, there was about an hour left until the Bitcoin block reward halving, and in 8 blocks, the rewards will halve. This event, which also signals volatility for altcoins, is closely followed by cryptocurrency investors. Occurring every four years, this event reduces the newly issued supply while setting the stage for new peaks for BTC with steadily declining inflation.

Dogecoin (DOGE)

Most altcoins on April 19 show daily charts with long lower wicks. Bulls fought to maintain support at $0.14. If bulls can gather strength and the BTC price does not suffer a sharp decline with the halving, we might see $0.17 tested. Potential downside levels for Dogecoin (DOGE) are at $0.14 and $0.12, with an oversold target at $0.1.

TON Coin Commentary

Toncoin (TON) rebounded from the support line of the rising channel formation on April 18. The situation on the TON Coin front is improving with the recent USDT news. Telegram, with its massive user base, has an integrated crypto wallet that is very simple to use. With USDT support, users can easily send stablecoins to each other, indirectly boosting network activity, revenue, and TON Coin prices in the long run.

Bulls drove the price to $7.23 on April 19, and they were not unjustified given the motivation mentioned above. We saw profit-taking here, and the fact that a significant portion of the supply is held in just 10 wallets should remain at the back of our minds.

With a breakout above the channel, the price could rise to $8.56 and $10. Conversely, $4.7 could be targeted.

ADA Coin Prediction

Bulls did not allow a drop below the lowest level of April 13 at $0.40. There is a 20-day EMA at $0.52, and bulls will try to reclaim and consolidate this area in ADA Coin. In the opposite scenario, the $0.46 and $0.4 regions are current. In an optimistic scenario, the 50-day SMA at $0.63 remains the peak point.

AVAX Price Prediction

Avalanche is consolidating in a downtrend and does not respond as quickly to rises like SOL Coin. To continue the uptrend, $50 is needed, while a downtrend for SOL Coin could start with a close below $85. Strong support for AVAX Coin exists at $32 and $27.

If $50 can be reclaimed, we can talk about real peaks, but in the opposite scenario, levels of $32, $27, and $20 could be targeted.

The post first appeared on COINTURK NEWS: Key Insights on Cryptocurrency Market Trends

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.