CoinTelegraph Report:
Expect significant price volatility and important market changes next week. The latest developments announced a few hours ago could lead to sharp fluctuations in the market next week. Specifically, if Thursday’s inflation data unexpectedly falls below expectations, the possibility of the Fed cutting interest rates at least twice this year seems almost certain; conversely, the optimism brought by the recent employment report is expected to diminish.
TON Token Forecast
On July 3, Toncoin (TON) started declining from $8.17. Despite strong resistance levels, overall market sentiment negativity has left TON Coin investors in panic. TON Coin was one of the few cryptocurrencies to maintain strength last month. Although the price dropped below $6.77, bears failed to push it lower. TON Coin’s price may target resistance levels again and is expected to close above $7.09.
In a bearish scenario, Toncoin’s price may drop to levels of $6.36 and $5.25. Additionally, closing below $6.77 could potentially form a double top pattern with a target price of $5.25.
ADA Coin Forecast
With the breach of the $0.35 support level, ADA’s price began to decline. With continued selling pressure, the target price is expected to drop below $0.25, possibly even below $0.3. This may mark an oversold bottom and cessation point. For short-term recovery, prices need to return to $0.35 and surpass the EMA20 level, i.e., $0.39.
Avalanche (AVAX)
Despite falling below $23.5 on July 5, buyers began to intervene and buy at AVAX’s lows. Once the price rebounds to the EMA20 level, i.e., $27.7, a rebound attempt may occur, continuing to rise to $29. A close of BTC price above $56,600 could encourage investors looking for early entry opportunities.
However, if BTC continues to decline with on-chain activity, AVAX may also drop from $21.8 to $19.
SHIBA Coin Forecast
Shiba Inu breached the $0.000016 support level on July 4, successfully breaking the previous narrow range. Despite losing the $0.000014 support level on Friday, it was successfully regained. Further breach of this support level may lead to a price drop to $0.00001. However, in a potential rebound, it is expected to reclaim the EMA20 level, i.e., $0.000017. Considering BTC’s apparent signs of recovery, attempts at an uptrend may be made.
