💥💥💥 #bitcoin trades sideways while TON, $RNDR , $PEPE and $AR flash bullish signs
Bitcoin's recent struggle suggests a looming downside risk, but alternative coins like TON, RNDR, PEPE, and AR are poised for potential upward surges.
Bitcoin (BTC) faces resistance near $60,000, signaling bearish pressure. Analysts foresee a possible downside, though some predict a surge to $175,000 - $350,000 by next year.
Institutional adoption by #JPMorgan Chase and Wells Fargo hints at growing confidence in #cryptocurrency .
TONcoin (TON) eyes a breakthrough at $7.23, with support near this level. A breach could target $7.67, backed by bullish signs on the 4-hour chart.
RNDR rebounds after testing moving averages, with resistance near $12. A bounce from current levels or the 20-day EMA may push it above $12 towards $13.83.
PEPE's recovery hints at an inverse head-and-shoulders pattern, with resistance at $0.0000092. Support from moving averages suggests bullish sentiment, targeting $0.0000145 upon breakout.
ARweave (AR) sees upward momentum, supported by moving averages. Resistance at $47.51 is key, with targets at $52 and $68 if surpassed. Downside risk exists below moving averages, with $26.50 and the 50-SMA acting as crucial supports.
In summary, while Bitcoin stalls, altcoins like TON, RNDR, PEPE, and AR offer potential upside moves, contingent upon breaking key resistance levels and market dynamics.
Source - cointelegraph.com
