Weekly Crypto Market Update: Bitcoin Strengthens, Altcoins Target Resistances

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Crypto investors started the week on a high note, with Bitcoin (BTC) remaining strong shortly before the daily close at $71,885. With over $600 million in inflows last week, Bitcoin is solidifying its position. Altcoins have also begun to target their resistances again. So, what’s in store for DOGE, ADA, and TON Coin investors?

Dogecoin (DOGE)

DOGE, the largest meme coin by market value, is once again trading above $0.203 as this article is being prepared. Over the weekend, the bulls regained control and DOGE’s price reclaimed the $0.18 level. This area is key for the continuation of the rally, and any close below it was short-lived, marking the recent drop as a deviation on the chart.

If the bulls maintain momentum, the next resistance target is at $0.23. A break and close above this level would signal the restart of the uptrend. Considering new investors entering the market, they might also show interest in the meme coin king, potentially driving the price above $0.27. Subsequent targets would be $0.3 and $0.33.

Of course, there is also a downside. If the feared decline begins, we could see a return to $0.18 and $0.15. After that, the base support at $0.12 could be tested.

Cardano (ADA)

Yesterday, ADA Coin’s price once again surpassed $0.62. However, at the time of writing, Cardano (ADA) was finding buyers at $0.6144. For now, the price rebounding from the 20-day EMA suggests that the bears may not have completely given up. If losses deepen, a drop to $0.57 could occur. The main target with closes below this would be $0.46, potentially reversing the uptrend in the medium term.

In a bullish scenario, closes above $0.62 could target $0.68 and $0.81.

TON Coin Price Commentary

On April 8th, an exit was seen between $5.50 and $5.69, signaling the start of the next phase of the uptrend. However, since it’s hard to be certain of Bitcoin’s rise, we must remember that TON Coin’s price could be affected in a potential downturn. In an optimistic scenario, if the rally continues, a close above $5.69 could lead to a rise to $7.09.

Conversely, a potential decline could accelerate with the loss of $5.50, potentially bringing TON Coin’s price down to $4.72 and $4.22.

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