Cardano

Avalanche

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/inflation-data-boosts-morale-in-the-crypto-market/" data-wpel-link="internal">Inflation Data Boosts Morale in the Crypto Market</a><br></p>
<p style="text-align: justify">The past 7 weeks were extra tough for cryptocurrencies, but now the low inflation <a href="https://newslinker.co/" data-wpel-link="exclude">data</a> has boosted morale. In the first quarter, inflation became a monthly concern for the <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">markets</a>. Fortunately, despite the bad PPI data, inflation dropped for both headline and core in April. So, what are the price predictions for BNB, <a href="https://en.coin-turk.com/big-investors-accumulate-cardano-ada-despite-market-silence/" data-wpel-link="internal">ADA</a>, and AVAX Coin this weekend?</p> 
<h2 style="text-align: justify" id="bnb-coin-analysis">BNB Coin Analysis</h2> 
<p style="text-align: justify"><strong>BTC</strong> showed weakness, but <strong>BNB Coin</strong> attempted upward moves at every opportunity. However, it also weakened in the last few weeks. Despite BTC surpassing $67,000 after 7 weeks, BNB Coin’s price continues to linger at $580. The increasing number of users on the Binance exchange and the growing activity on the BSC network keep the medium and long-term outlook positive for BNB Coin.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-352768 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/bnb-coin-forum-fiyat-tahmin.png" alt="" width="1437" height="868"></p> 
<p style="text-align: justify">Looking at the predictions for the coming days, <strong>BNB</strong> fell below the moving averages on May 14, but the triangle support was maintained. If there is a break below the triangle, a rapid loss series to $536 and then $495 could occur.</p> 
<p style="text-align: justify">However, if BTC remains strong, an upward break is likely. This brings the possibility of BNB Coin focusing on the $635 and $692 targets.</p> 
<h2 style="text-align: justify" id="cardano-ada-price-prediction">Cardano (ADA) Price Prediction</h2> 
<p style="text-align: justify">The 20-day EMA is at $0.46, and <strong>ADA Coin</strong> maintained this level. Now, it continues the day with nearly a 6% increase at the $0.5 threshold. If there is a bounce from $0.48, the $0.52 resistance can be targeted. The next target will be the frequently mentioned $0.57 level.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-352769 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/ada-coin-forum-fiyat-tahmin.png" alt="" width="1432" height="872"></p> 
<p style="text-align: justify">Losing the support line or rapid losses in BTC price could invalidate the bullish scenario. At the time of writing, BTC price is at $66,833 with a 2% increase.</p> 
<h2 style="text-align: justify" id="avalanche-avax-price-prediction">Avalanche (AVAX) Price Prediction</h2> 
<p style="text-align: justify">One of the biggest competitors to SOL Coin, <strong>AVAX</strong> is not showing the expected performance due to the annual double-digit inflation problem. There is also a major unlock event next week, and this large supply pressure is causing bulls to keep the price around $40 at best.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-352770 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/AVAX-forum-fiyat-tahmin.png" alt="" width="1435" height="876"></p> 
<p style="text-align: justify">The price, stuck between $29 and $40, needs to break out. Targets are $19 below and $50 above. It is expected to move towards one of these extremes.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/inflation-data-boosts-morale-in-the-crypto-market/" data-wpel-link="internal">Inflation Data Boosts Morale in the Crypto Market</a></h5>

Inflation Data Boosts Morale in the Crypto Market

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