Cryptocurrency prices were nixed on Thursday as market participants reflected on the Federal Reserve minutes. Bitcoin was stuck above $107,200, while the market capitalization of all coins rose by 0.45% to $3.4 trillion. This article provides the Toncoin, Mask Network, and Pepe price predictions.
Pepe price prediction
Meme coins had a mixed performance on Thursday morning. Pepe, the third-biggest meme coin rose from $0.000005253 in March to $0.00001490 today. It crossed the important resistance point at $0.000009257 on March 26. This was a notable level since it was the neckline of the double-bottom point at $0.0000057.
Pepe Coin price has formed a golden cross pattern as the 50-day and 200-day Weighted Moving Averages (WMA) crossed each other. A golden cross is one of the most bullish chart patterns in technical analysis.
Pepe has also formed a bullish flag chart pattern, which is made up of a vertical line and a rectangle pattern. In this case, the flag section seems like it has been blown upside.
Pepe Coin price has jumped above the 38.2% Fibonacci Retracement level at $0.00001410. Also, the Relative Strength Index (RSI) and the MACD indicators have all pointed upwards.
Therefore, the path of the least resistance for the Pepe price is bullish, with the main target being the all-time high point at $0.00002825. A drop below the support at $0.00001263 will invalidate the bullish forecast.
Read more: Ethereum price prediction: to surge despite on-chain weakness
Mask Network price forecast
Privacy tokens have jumped in the past few weeks, with Zcash and Monero leading the way. Mask Network price has done well in the past few weeks as demand for these tokens rise.
For starters, Mask Network is a crypto project that helps people preserve their privacy when using social media platforms like Twitter, Instagram, and Facebook.
The Mask Network price bottomed at $0.93 in April to $2.76 this week, a 200% surge. It has surged above the 50-day and 200-day moving averages, while the Relative Strength Index (RSI) has jumped above the overbought level.
While the token has more upside, there is a likelihood that the rally will take a breather in the coming weeks. If this happens, it may drop and retest the support at $1.50 and then bounce back.
Toncoin price forecast
TON price has been in a strong downtrend in the past few months, moving from a high of $8.27 in June last year to $3.36 today. This decline happened as its ecosystem came under intense pressure, with top coins like Hamster Kombat, Notcoin, and Catizen plunging to record lows.
Toncoin is showing signs of stabilizing after BlackRock said that it would join in a $1.5 billion bond sale by Telegram, a social media platform with over 900 million active users. It also jumped after reports emerged that it was about to partner with xAI, Elon Musk’s AI company.
The daily chart shows that the TON price bottomed at $2.3675 in April and then bounced back to $3.37 today. Still, it remains below the 50-day Exponential Moving Average (EMA), which is providing it with substantial resistance.
Toncoin price has also formed a bearish flag pattern. Therefore, the most likely scenario is where the TON price makes a bearish breakdown, potentially to the support at $2.36 in the near term. A move above the 50-day moving average at $3.7212 will invalidate the bearish outlook.
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