• If volatility is excessive, Bitcoin might rise above $72,000 earlier than the halving.
• A bearish bias might push ETH right down to $3,366, however growing shopping for momentum might push the worth nearer to $4,000.
• TON’s bullish momentum might finish, however MATIC could possibly be rejected at $0.93.

Cryptocurrency market volatility was at excessive ranges from April tenth to eleventh. Bitcoin (BTC) value briefly fell to $67.574. Just a few hours later, the coin's value was over $70,000, the identical as at press time.

Nonetheless, one notable value motion was Toncoin (TON), whose worth was $6.66 throughout the tenth buying and selling session. By the eleventh, the worth of TON had elevated by 14.46% and reached $7.64.

Because of this value motion, the TON contract turned one of the vital liquidated up to now hour. In accordance with Coinglass, his defunct TON positions are price greater than $256,000.

On this article, Coin Version analyzes the worth of TON and others together with BTC, Ethereum (ETH), and Polygon (MATIC).

BTC

As anticipated, Bitcoin skilled excessive volatility because the halving lasted only some days as in earlier cycles. The Bollinger Bands (BB) indicator confirms this sentiment. On the time of writing, BB is widening, suggesting that value fluctuations could also be extreme.

Within the brief time period, this indicator confirmed that Bitcoin value might develop to $72,488. Nonetheless, if the market is bearish, the worth of the coin might attain $68,108.

In the meantime, Coin Version additionally investigated Fibonacci extensions, indicating that Bitcoin might rise once more earlier than the halving. From the indications, the worth of the coin can attain $81,532 as indicated by the three.618 Fibonacci extension.

Ethereum

On the time of writing, ETH is buying and selling at $3,572, considerably larger than its value on April ninth ​​and tenth. Nonetheless, given the alerts from the Relative Power Index (RSI), the altcoin value might rise.

On the time of writing, the RSI is at 57.46, suggesting that upward momentum is constructing. If the RSI numbers enhance, the worth of ETH may rise. From a bullish perspective, the worth of the cryptocurrency might bounce to $3,875. Nonetheless, bearish momentum might push the worth right down to $3,366.

ton

The rising value of TON indicated that the token was overbought when the RSI studying rose above 70.00. This might end in a value reversal if the bulls let down their guard. If that occurs, TON, presently the ninth Most worthy cryptocurrency by market capitalization, might drop to $6.29.

In a really bearish case, the worth might plummet to $5.32. In the meantime, the Superior Oscillator (AO) studying is optimistic, suggesting upward momentum is constructing. If the AO studying continues to provide inexperienced histogram bars, the bearish bias in TON could possibly be invalidated and the worth might transfer above $8.

Matic

The state of affairs for MATIC within the 4-hour window was totally different. In accordance with Coin Version evaluation, the Cash Move Index (MFI) was declining and approaching oversold territory. The decline in MFI is proof that capital is flowing out of the token, making it tough for the worth to rise.

Moreover, the supertrend revealed {that a} important pullback is unlikely within the brief time period. This was as a result of a promote sign at $0.93. Due to this fact, even when the worth of MATIC will increase, it might reverse as soon as the aforementioned area is reached.