⚠️ Breaking Updates Regarding  $TON $ADA $AVAX

Toncoin (TON) Price Analysis

Toncoin (TON) gained momentum after breaking above the 50% Fibonacci retracement level of $5.81 on August 8. Continued buying on August 9 pushed the price above the 20-day EMA at $6.39, indicating weakening bearish control. The TON/USDT pair could rise to the 50-day SMA at $7.02 and eventually to the overhead resistance at $8.29. Sellers are expected to defend this level strongly. The pair is likely to remain within the range of $4.72 to $8.29, with a breakout in either direction signaling the next trend.

Cardano (ADA) Price Analysis

Cardano (ADA) is attempting to move up but faces strong selling at the 20-day EMA at $0.37 and the 50-day SMA at $0.39. Bears need to defend these levels to maintain control. Minor support is at $0.30, and a break below this could push the ADA/USDT pair to $0.24. On the upside, a break above the moving averages could lead to a rally towards the downtrend line, signaling a potential trend change.

Avalanche (AVAX) Price Analysis

Avalanche (AVAX) managed to rise above $21.80 on August 8 but is struggling to sustain higher levels. The downsloping 20-day EMA at $24.16 and the RSI in negative territory suggest bearish dominance. If the price turns down and stays below $21.80, the AVAX/USDT pair could drop to $19.51 and then to $17.29. Conversely, a break above the 20-day EMA would indicate strong demand at lower levels, potentially pushing the pair to the 50-day SMA at $26.26 and the breakdown level at $29.

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