Crypto Price Prediction July-12: SOL, TON, LINK AVAX

The crypto price prediction landscape continues to show a blend of trends, with various major tokens like Solana, Toncoin, Chainlink, and Avalanche each navigating their unique paths. Solana, for instance, has displayed notable resilience amidst market fluctuations, aligning with fresh institutional interest hinted at by recent ETF filings. 

Toncoin has shown steady performance, while Chainlink and Avalanche have faced challenges and recoveries, reflecting the dynamic nature of the crypto market.

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  Solana (SOL

Solana has seen a series of fluctuations over the past 24 hours. As of the reporting time, the token hovered at $138 during the European trading session, marking a slight dip of 2%, according to data from CoinMarketCap. The current market cap stands at approximately $64 billion, positioning Solana as the fifth-largest cryptocurrency by market capitalization.

Over the past week, Solana price has notably increased, reaching a high of $141.06 and stabilizing at around $138.27. This upward movement represents a 4% rise over the past seven days. The cryptocurrency experienced a brief dip on July 7, dropping to a low of $134.62, before recovering. 

This recovery coincided with news that funds have filed an S-1 form for a Solana ETF, indicating potential institutional interest and broader market acceptance of SOL as an investment. The crypto price Prediction for the SOL movement in the context of these developments could suggest investor optimism regarding Solana’s prospects.

With the current fluctuation, if the bulls make a comeback, Solana’s price could rally above $170, and if the bearish trend continues, it might test the support levels near $120.

The daily technical indicators for Solana price prediction show a slight price decrease. The Moving Average Convergence Divergence (MACD) continues to show a narrow divergence between the signal and the MACD line, hinting at potential consolidation in the near term. 

The Relative Strength Index (RSI) is positioned at 47.73, reflecting a neutral market sentiment without leaning heavily towards overbought or oversold conditions. 

2. Toncoin (TON)

Toncoin, a telegram-based altcoin, has experienced a modest price increase over the past day, rising by 2% to $7.30. The cryptocurrency now boasts a market capitalization of approximately $18 billion, positioning it 8th among traded digital assets. 

Over the past week, Toncoin’s price has seen a sideways trend, with a slight surge of around 2%, trading in a range bound of  $6.8 to $7.6. If the current market recovers, TON could hit the $10 mark in the coming days. However, if the broader crypto price prediction market experiences a downturn, the price could drop back to the lower support level of $7.

According to DeFiLlama, Toncoin’s Total Value Locked (TVL) is $738 million. The market capitalization for stablecoins within the TON ecosystem is $572 million. 

Over the past 24 hours, the trading volume has reached $13 million. This substantial TVL indicates significant user trust and investment in the Toncoin network,

The daily trading chart for Toncoin shows a fluctuating trend over the past several months. The MACD (Moving Average Convergence Divergence) indicator presents a bearish signal, with the MACD line (blue) diverging below the signal line (orange). 

Chainlink (LINK)

Chainlink has seen a modest decrease in value over the past 24 hours. As of the time of writing, LINK is trading at $12.65, reflecting a 1.% drop in value. According to data from CoinMarketCap, Chainlink’s market capitalization stands at approximately $7.69 billion, ranking it 15th among cryptocurrencies by market cap.

In the past 7-days, Chainlink price has notably increased by 4%. The cryptocurrency experienced a low of $12.25 and a high of $13.25 during this period. 

The price movement indicates a significant upward trend despite some volatility observed on July 8, where the price briefly dipped before recovering swiftly. 

If the bullish momentum mounts more pressure, LINK price prediction reveals a possible break past the recent high of $20 and potentially targets the next resistance levels. However, if bears regain control, LINK might see the price retracing to test support levels around $11 or even $10.

The 24-hour technical indicators for LINK suggest a cautious market sentiment, with recent price movements indicating a potential shift. The Chaikin Money Flow (CMF) oscillates around the zero line, suggesting a balance between buying and selling pressures. The Moving Average Convergence Divergence (MACD) shows a convergence below the signal line, hinting at a bearish momentum

Avalanche (AVAX)

Avalanche, a layer 1 blockchain, has seen its token AVAX increase by 1.00% in the past 24 hours, according to CoinMarketCap data. The price of AVAX stands at $25.78, with a trading volume of over $220 million and a market cap of approximately $10.17 billion. 

The recent trading chart shows that the Avalanche price has experienced notable volatility over the past week. This price movement highlights a turbulent day in the market, during which AVAX saw a decrease initially, followed by a recovery that surpassed the opening value. 

The fluctuations are represented graphically with a significant dip and rise, illustrating the dynamic nature of cryptocurrency values.

The daily technical indicators for Avalanche suggest a nuanced view of its recent market performance. The Moving Average Convergence Divergence (MACD) shows a slight bearish movement as the MACD line (blue) remains below the signal line (orange). 

The Relative Strength Index (RSI) sits at 42.88. This is close to the central 50 mark, with AVAX price prediction indicating the token is neither oversold nor overbought, suggesting a period of consolidation or indecision among traders.

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