๐ฅTOP ALTCOINS FACING POTENTIAL CRASH IN THE COMING WEEK!๐ฑ๐ฅ
Despite Bitcoin's recent surge above $63,000, several altcoins are struggling to regain their footing. This raises concerns about potential declines due to market corrections.๐๐ฎ
๐SUI (SUI): SUI's price failed to reach the $1.50 level and has since retreated from the $1.42 Fibonacci level. The altcoin now faces a possible double-bottom reversal at $1, but the streak of bearish candles and a potential death cross indicate significant risks. A recovery could lead SUI to the $2 mark, but a break below $1 might cause a substantial decline, potentially as low as $0.30.๐ฌ๐๐ฃ
โจOptimism (OP): OP has seen a remarkable 21% increase in the past three weeks, approaching $3. However, the altcoin remains down 5% for the month and faces strong resistance at the $3 mark. This could be a retest of an impending death cross, suggesting high uncertainty. If OP manages to break through this resistance, it could reach $5. On the other hand, a reversal might result in a significant drop to $1.50.๐ณ๐ซ๐ธ
๐Celestia (TIA): TIA is currently facing a strong bearish resistance trendline, constantly being rejected at the trendline and 50D EMA. The altcoin does show a potential double bottom at $9, supported by RSI divergence. However, TIA's sustained downward trend and the possibility of oversupply in the market could easily lead to a break below $9, plunging the altcoin to $6.๐ข๐โ๏ธ
๐กConclusion: While we might witness some relief rallies in the market, it is important to note that these altcoins are facing potential crashes if broader market corrections occur. Investors must proceed with utmost caution and closely monitor the developments of these altcoins as they navigate through a challenging week ahead.๐ข๐ผ๐
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