Coin World reports:
Significant market fluctuations are anticipated next week, with important market shifts expected. The latest developments announced a few hours ago could lead to severe market volatility next week. In particular, if Thursday’s inflation data unexpectedly falls below forecasts, the likelihood of the Federal Reserve cutting interest rates at least twice this year is almost certain; conversely, the recent optimism from the employment report is likely to fade.
**TON Token Forecast**
On July 3rd, Toncoin (TON) began to decline from $8.17. Despite strong resistance levels, the overall negative market sentiment also caused panic among TON Coin investors. TON Coin was one of the few cryptocurrencies that remained strong last month. Although the price fell below $6.77, the bears were unsuccessful in pushing it to lower lows. TON Coin’s price may once again aim for the resistance level and is expected to close above $7.09.
In a bearish scenario, Toncoin’s price could fall to levels of $6.36 and $5.25. Moreover, if the closing price is below $6.77, a double top pattern may form, with a target price of $5.25.
**ADA Coin Forecast**
With the breach of the $0.35 support level, ADA coin prices began to fall. As the sell-off continues, the target price is expected to drop below $0.25, possibly even below $0.3. This could be the time when the excessive sell-off bottoms out and stops. For a short-term recovery, the price needs to return to $0.35 and break through the EMA20 level, which is $0.39.
**Avalanche (AVAX)**
On July 5th, despite the price falling below $23.5, buyers began to step in and buy at AVAX’s low levels. Once the price rebounds to the EMA20 level, which is $27.7, a bounce attempt may occur, and the rise could continue to $29. If the BTC price closes above $56,600, this may encourage investors looking for early entry opportunities.
However, if BTC continues to fall with ongoing chain activity, AVAX could also drop from $21.8 to $19.
**SHIBA Coin Forecast**
Shiba Inu breached the $0.000016 support level on July 4th, and the bears successfully broke through the previous narrow range. Despite losing the $0.000014 support level on Friday, it subsequently regained that level. If this support is breached again, the price could fall to $0.00001. However, in a potential rebound, it is expected to retake the EMA20 level, which is $0.000017. Considering that BTC seems to be showing signs of recovery, an upward attempt may be made.
