Crypto analyst Abiodun Oladokun predicts a dive for TIA towards yearly lows. The analyst also predicts that RUNE is under the control of bears and will dive to the bottom. Crypto analyst Tiago Amaral says that TON will test lower levels. We have compiled analysts’ predictions for these 3 altcoins for our readers.
TIA price forecast: A dive to yearly lows?
Celestia (TIA) price has moved below the Ichimoku Cloud following a double-digit decline over the last seven days. This indicator tracks market trends, momentum, and key support/resistance zones of an asset. When the price falls below the cloud, it indicates a bearish phase, indicating that the downward momentum is strengthening. In this case, the Cloud acts as a resistance zone. It also makes it difficult for the price to move back up without significant buying pressure. At the time of writing, the altcoin was trading at $4.23, just 13% above the yearly low of $3.72 last reached on September 6. It is possible that increased selling pressure could push TIA back to this support level.
TIA Price Analysis. Source: TradingViewBut if TIA encounters renewed demand, the price could rebound from this base and begin an uptrend. In this bullish scenario, TIA will aim to break above the Ichimoku resistance levels at $5.06 and $5.53. If it successfully breaches these thresholds, a potential rally to TIA towards $7.84 is possible.
RUNE price prediction: Bears want to consolidate control of altcoin price
ThorChain (RUNE) hit a yearly high of $10.60 on March 13. It recently broke out of a falling wedge formation after trading inside since then. The altcoin was trading at $4.51 at the time of writing. Additionally, the Relative Strength Index (RSI) fell to 41.42. This indicates that demand has decreased as selling activity outweighed buying pressure. If this trend continues, Fibonacci Retracement levels indicate that RUNE’s price will drop to $2.53. Failure to hold this level could cause RUNE to decline further towards the lower trend line of the wedge at $1.32.
RUNE Price Analysis. Source: TradingViewHowever, a demand reversal invalidates this bearish outlook. In this scenario, it is possible that the altcoin price will try to break above the upper trend line of the wedge. Thus, RUNE could potentially target $6.99.
TON price prediction: Altcoin is in a downtrend!
Latest data shows that users have transferred around 30,000 TONS to exchanges in the last few days. When users send a coin to exchanges, these transfers indicate that they are preparing to sell. This usually indicates a bearish outlook. The transfer of 30,000 TONS to exchanges indicates that some holders may be positioning themselves to sell in the near future. It is possible that this entry will lead to a selling pressure.
The TON EMA lines chart reveals a bearish setup with its price trading below all EMA lines and short-term lines positioned below the long-term ones. Moreover, it indicates a continuous downward trend. This alignment indicates that the sellers are currently in control and the downtrend may continue. If this pattern continues, the altcoin price is likely to test the support at $4.45. Also, he will look for stabilization here.
TON EMA Lines and Support and Resistance. Source: TradingViewThe opinions and predictions in the article belong to the analysts and are definitely not investment advice. cryptokoin.comWe strongly recommend that you do your own research before investing.
