•Bitcoin prices fell after the news of the long-awaited acceptance of Bitcoin spot investment funds, but the bearish cloud for Bitcoin did not cover all digital currencies, as several alternative currencies succeeded in rising and charting the features of a bullish rally.
•Today, we focus on three digital currencies that have succeeded in creating an upward trend at the present time, led by TON, SUI, and Bonk.
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•Bitcoin dominance diminishing?
•With Bitcoin reaching the $46,000 range, the largest digital currency witnessed an intense selling campaign that led the price to fall to the $42,000 range. This decline coincided with a decline in Bitcoin dominance to its lowest level on a monthly basis, as it now records 51.14%, a decline that opens the way for a rise among alternative currencies.
•Investors usually turn to alternative currencies when Bitcoin declines, and as Bitcoin continues to decline with insights supporting that the bottom of Bitcoin will be at $38,000 and that the decline may continue to this level, traders will adjust their destination to alternative currencies, which are expected to witness a rise this week. 3 cryptocurrencies you should pay attention to this week
_SUI currency
•The SUI cryptocurrency maintained its bullish outlook and is approaching its historical high, as it succeeded in breaching the $1 level. The bears are trying to control the currency and reap profits, and they succeeded in bringing the currency price down from the levels of $1.35 to $1.24, but the currency rose again and is now trading at $1.42, an increase of 10.23%.
-The success of SUI in bouncing above the 20-day EMA 20 could push the price of the coin to $2 within one week.
_BONK coin
•BONK has attracted market participants with its recent performance. However, the alternative remains range-bound after it failed to clear the hurdle at $0.000017. He showed optimism at $0.00001448, after a jump of more than 6% in the last day.
•At the same time, the RSI oscillated near the middle level, while the 20-day EMA remained more or less horizontal, offering neither the bears nor the bulls any direction.
Bulls must hold BONK outside the downtrend line to secure dominance over the next week. Such a move could push the asset towards $0.000023 before contemplating further upside.
_TON coin
•Toncoin is trading up 3.37% to $2.36 per token. It is the 15th currency among digital currencies according to capital.
•The currency has risen in a week from $2.2 levels to $2.36 now. The currency succeeded in rebounding from the $2.08 levels at which it traded yesterday night, before bouncing back to this level. Since the beginning of the year, Tone has risen by 5.2% so far.
#Stay tuned More news and details ✅💯🚀
