If Bitcoin moves back above $64,602, “these 4 coins” could move higher

Bitcoin has continued to fall recently after briefly reaching $72,000 on June 7. Early this morning (24th), Bitcoin fell below the short-term holder’s realized price of $64,230, and then quickly fell to a low of $62,903.

Willy Woo, an analyst with millions of followers, said that Bitcoin’s rebound recovery is likely to start after “weak miners are eliminated” and computing power recovers. After the halving in 2020, the computing power recovered within 8 days; after the halving in 2017, it took 24 days to recover.

Willy Woo also pointed out that the pain period caused by the surrender of miners after this year's halving will take a long time to recover. The reason behind this may be that "Bitcoin inscription increases network profits."

Rakesh Upadhyay, a senior analyst at the currency circle foreign media "Cointelegraph", pointed out early this morning that judging from the 4-hour trend, although Bitcoin rebounded slightly when it fell below $64,000 last night, it still faces the exponential moving average 20 EMA. resistance, and continued to fall after falling below the support of $63,379.

However, Upadhyay also believes that the Bitcoin Relative Strength Index (RSI) shows that the selling pressure may be alleviated. If the market outlook can recover above $64,602, the following four potential altcoins may have the opportunity to move higher.

Toncoin ($TON) Price Trend Analysis

Upadhyay pointed out that although the weakness of Bitcoin triggered the decline of many altcoins, Toncoin ($TON) has not fallen below the 50-day moving average ($6.83), indicating that there is strong buying at lower levels.

Upadhyay said $TON bulls are trying to push the price towards the $7.67 resistance. If successful, $TON could rise to $8.29. This level is likely to act as a strong resistance, but if the bulls prevail, $TON will have the opportunity to challenge the $10 high again.

Conversely, if $TON falls below $6.6 in the near future, a head and shoulders pattern will form, potentially adding a pattern target of $4.91.

Chart source: CointelegraphToncoin ($TON) daily chart trend

Pepe Frog Coin ($PEPE)

Upadhyay pointed out that Pepe’s currency ($PEPE) has continued to correct recently, but rebounded at $0.000010. If the recovery is to continue, bulls will have to push the price above the downtrend line and both moving averages, which will give $PEPE the opportunity to rise to $0.000014 and subsequently $0.000016.

On the other hand, if $PEPE turns down from the downtrend line or moving average, it means that the bears are continuing to sell on the high, and if it falls below $0.000010, it may drop further to $0.000008.

Source: Cointelegraph
Pepe’s Wrogcoin ($PEPE) Daily Chart

Kaspa ($KAS)

Upadhyay pointed out that on June 18, US time, Kaspa ($KAS) rebounded from the 50-day moving average ($0.14), indicating that there was buying at lower levels. Bulls continued buying and pushed the price above the 20-day EMA ($0.15) on June 23.

If buyers maintain momentum and push the price above the downtrend line, the pullback may be over. $KAS may attempt to rebound towards the $0.19 resistance.

Conversely, if $KAS continues to pull back, investors can focus on the 50-day moving average as key support. If it falls below and closes below this point during the day, it will mean that the market outlook may fall sharply to $0.1, at which time bulls may intervene.

Source: Cointelegraph
Kaspa ($KAS) Daily Chart Trend

JasmyCoin（$JASMY）

Upadhyay pointed out that on June 21, U.S. time, JasmyCoin ($JASMY) rebounded from the 50-day moving average ($0.03), indicating that lower points are attracting buying.

Currently, $JASMY’s 20-day EMA ($0.03) is flat and the RSI is close to neutral territory, indicating that selling pressure is easing. If it can overcome resistance at the 20-day EMA, $JASMY could rebound to $0.04.

On the other hand, if $JASMY declines from the 20-day EMA, it means that the bears will continue to sell on the rally. Subsequently, $JASMY may spend some time oscillating between the two moving averages. A break and close below the 50-day EMA could lead to further losses towards $0.02.

Source: Cointelegraph
JasmyCoin ($JASMY) Daily Chart Trend

[Disclaimer] There are risks in the market, so investment needs to be cautious. Analysts' opinions are for reference only. Users should refer to more diverse indicators to judge whether to invest and consider whether any opinions, views or conclusions in this article are consistent with their specific circumstances. Invest accordingly and do so at your own risk.