Helium (HNT), Aave (AAVE), and Toncoin (TON) Price Analysis

Cryptocurrency prices remained under intense pressure this week as last week's bullish breakout fizzled. Bitcoin recoiled from Sunday's high of over $64,000

After a brief bullish breakout last week, cryptocurrency prices came under intense pressure this week. Bitcoin recoiled from highs of over $64,000 on Sunday to below $60k while the crypto fear and greed index fell from almost 60 to 49.

Most altcoins like Ethereum (ETH), Solana (SOL), and Avalanche (AVAX) remained in a deep bear market. Here’s a look at the forecasts of some key crypto tokens like Helium (HNT), Aave (AAVE), and Toncoin (TON).

Helium price forecast

Helium is a leading Decentralized Public Infrastructure Network (DePIN) that provides over a million internet hotspots globally, with most of them being in the United States and Europe.

The platform has notably partnered with T-Mobile and Dish Network, among other leading companies, and the developers recently stated that they were working on a partnership deal with a leading telecom in the US.

On-chain data showed that the Helium ecosystem was doing well as network usage in the last 30 days maintained its stability with analysts saying that it had more room to grow in the future even as it faced substantial challenges like competition from Starlink.

Helium token performed modestly in the past few months; while it remained in a bear market after dropping by over 36% from the YTD high, it bounced back from its July lows, rising by 146% from its lowest point and trading at $7 on Thursday morning.

The HNT token is between the 50% and 38.2% Fibonacci Retracement point, and it moved into the fourth phase of the Elliot Wave indicator. It also formed a golden cross pattern as the 50-day and 200-day moving averages crossed each other.

Moreover, Helium formed what looks like a bullish pennant chart pattern, making the outlook bullish with the next point to watch being at $8.

Aave price prediction

Aave is a leading player in the Decentralized Finance (DeFi) industry, where it offers a platform for people to borrow and lend capital. In the past few years, Aave has become the third-biggest player in the DeFi industry with over $11 billion in assets spread across 12 chains like Ethereum, Arbitrum, Polygon, and Avalanche.

The AAVE token performed well recently, helped by increasing whale activity, which saw it jump to a high of $148.70, its highest point since March 13 and 108% above the lowest point in August.

AAVE formed a golden cross on August 1st, which explains why the token rally accelerated. However, it pulled back sharply as the sentiment in the crypto industry waned, dropping by over 16% from its highest point this year and trading at $124.51.

AAVE is still above the 50-day and 200-day moving averages and the important support level at $115.15, which was its highest point on May 27. It also dropped slightly below the 23.6% Fibonacci Retracement point.

Therefore, the most likely scenario is for the AAVE token to bounce back and retest the highest point this month, which will happen as the token forms a double-top chart pattern whose neckline will be this week’s low at $117.20.

톤코인 가격 전망

Toncoin 토큰은 140억 달러가 넘는 가치로 상위 10위 안에 드는 토큰으로 올해의 주목할만한 스타 중 하나였습니다. TON 블록체인은 또한 자산 규모가 6억 달러가 넘는 분산형 금융(DeFi)의 주요 네트워크 중 하나가 되었습니다.

Toncoin의 가장 큰 촉매제는 암호화폐 분야에서 가장 빠르게 성장하는 부문 중 하나가 된 탭하여 수익을 창출하는 산업의 성장이었습니다. Tap-to-earn은 사람들이 Telegram 미니 애플리케이션에서 토큰을 탭하고 얻을 수 있는 부문입니다.

Hamster Kombat는 전 세계적으로 3억 명 이상의 사용자를 보유한 업계 최고의 기업이며, 기타 주목할만한 이름으로는 Notcoin, Tapswap, Pixelverse 등이 있습니다.

이번 주 톤코인 가격이 주목을 받은 이유는 크게 두 가지입니다. 첫째, DOGS라는 생태계의 토큰이 거래를 시작했으며 최고의 성과를 거두었습니다. 둘째, 프랑스에서 듀로프의 체포 이후 주목을 받았다.

일일 차트에서 TON 가격은 6월 15일 $8.30으로 정점을 찍은 후 올해 최고치보다 32% 이상 하락했습니다.

토큰은 50일 및 200일 이동 평균 아래로 붕괴되었으며 38.2% 피보나치 되돌림 지점을 따라 있습니다. 또한 헤드 앤 숄더 차트 패턴처럼 보이는 패턴을 형성했는데, 이는 종종 약세 돌파로 이어집니다.

따라서 TON 가격은

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