![]() This cookie is set by GDPR Cookie Consent plugin. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Traders and investors should monitor these critical levels and patterns to make informed decisions in the dynamic crypto market. As a result, these cryptocurrencies face various challenges and opportunities. However, if prices regain the bearish phase line, there will be a decline towards the solid $980 support. This will pave the way for a potential rally to $1,227. To establish an upward trajectory, buyers need to push and maintain prices above the 50-day SMA ($1,157). On the other hand, RSI hovering close to the midpoint indicates a lack of strong bullish momentum. The 20-day EMA ($1,119) is showing a gradual upward trend. On the other hand, it will potentially cause a drop in altcoin XMR to $130.Īltcoin Maker (MKR) is among the moving averages that reflect uncertainty among traders. If they are successful, it will trigger several stop losses. If it is exceeded, there is a rise to $160.Īlternatively, bearish forces will aim to breach the 20-day EMA and the bullish phase line. Potential targets include the 50-day SMA ($151). If the bulls manage to push the price above the 20-day EMA, it will mark the beginning of a sustained recovery. However, the bullish view will be challenged if prices fall below the 20-day EMA.Īltcoin Monero (XMR) showed resilience by maintaining support along the uptrend line. It will also potentially make significant strides towards $0.17. If it manages to break above this barrier, XLM will reach $0.15. This reflects the bulls’ efforts to establish the 20-day EMA as support.Ĭurrently, the price is testing the 50-day SMA ($0.13) as a critical resistance. It also successfully defended this level against bearish attempts on September 5 and 6. The XLM/USDT pair broke above the 20-day EMA ($0.12) on September 4. It would also open the door to a potential decline towards the 50-day simple moving averages at $1.53 and $1.45.Īltcoin Stellar (XLM) has shown signs of recovery, indicating a revival in buyer interest. Conversely, if prices fall below the 20-day EMA, it will indicate bearish pressure. The next targets are $1.89 and a potential rally to $2.07. If TON manages to recover from this level, it will signal a shift in sentiment with traders buying the dip. The 20-day EMA is expected to act as a solid support. In an uptrend, such corrections often provide an attractive entry point for traders. Now we look at cryptocurrencies that are expected to break records during the bull period.Īltcoin TON: Seeking stability above the 20-day EMAĪltcoin TON (Toncoin) recently broke back to its 20-day exponential moving average (EMA) of $1.69. The Bitcoin and altcoin market is in a state of flux with various assets showing different patterns and potential price movements.
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