Investors Focus on Bitcoin Amid Price Fluctuations

11 days ago

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Bitcoin (BTC) price fluctuations continue without a clear reversal. Investors are focused on upcoming US inflation data. Depending on the inflation data, a temporary rise may occur if no bad news comes from MTGOX. What do the current chart comments for SOL, DOGE, and TON Coin indicate?

Solana (SOL)

The SOL Coin price lingering at $140 will target the SMA50 at $151 as the first goal. Potential short-term profit-taking here could initiate a new attempt at $116. If spot SOL ETF applications remain on the agenda, investors‘ motivation for a rise in the short and medium term may increase.

A breakout and close above the SMA50 will confirm demand at higher levels due to both general market sentiment and the ETF. Subsequently, the price climbing the downtrend line will move to invalidate the descending triangle formation.

Dogecoin (DOGE)

It is the largest and oldest among meme coins, but it’s neither 2017 nor 2021. New investors are turning to new meme coins with more growth potential for quick gains. Over 100,000 meme coins were minted on the Solana network in just one week, and alternatives like PEPE, BONK, and FLOKI are also attracting interest.

DOGE price is below the $0.12 breakout level and cannot surpass it. If the decline continues, we will see a new drop to $0.09. This may cause the price to linger longer between $0.12 and $0.09. A breakout above $0.12 will bring the $0.14 and $0.18 regions into focus.

TON Coin Predictions

TON Coin, which announced a new layer2 to strengthen its ecosystem, took an important step towards its long-term goals. It recovered from the $6.77 support, and buyers re-entered the market. Now, the point to be surpassed is the EMA20 level of $7.39 and closing above it.

Then, the price may continue to rise towards $7.72 and $8.29. The $6.77 level remains a key support level below.

The post first appeared on COINTURK NEWS: Investors Focus on Bitcoin Amid Price Fluctuations
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