The market suddenly plummeted, why? Layout 3 cryptocurrencies bull market opened and soared 100 times!
1. TON
In the medium and long term, the overall market outlook is extremely optimistic. Since I have explained why this is the case several times this week for different reasons, we can look at the TON Coin chart right away and not touch this point. Despite the support of the Binance exchange for the TON Coin ecosystem, the price still fell to the support level of $6.77 and affected the overall market sentiment.
If the TON Coin price closes below $6.77, it is expected to fall to the double top formation target of $6 and $5.5. However, a sharp rise from here could quickly push the price to $7.72.
2. AVAX
The SMA20 is flat at $27.55 and the RSI does not show a clear direction. If the selling continues in the next few hours, we may see the price fall to $24 and $21.8. In the opposite case, we should see the AVAX coin price recover from the moving average.
3. SHIB
The price is trapped by the moving averages and is hovering in a narrow range. A close below SMA20 could drop the price to $0.000015 and then to $0.000013. A rebound from the bottom will keep the price in the range, with an upper limit of $0.00002 at most.
A real upward trend could be in store for Shiba Coin investors when the price closes above $0.00002. The upside target is $0.000026.
