đšđšđ„ Crypto Bull Run: MATIC, SUI, RENDER, and TAO Set to Skyrocket!
âĄïžđ Altcoins Ready to Skyrocket
Bitcoin (BTC) has soared over 9% this week, pushing toward the crucial resistance range of $55,724 to $73,777. As the US Federal Reserve signals lower interest rates, Bitcoin demand in the US has spiked, driving bullish momentum in the market.
âĄïžđ Bitcoin Price Analysis
âBTC Bulls Charging Ahead: Bitcoin has surged above the 50-day simple moving average ($61,759), signaling reduced bearish pressure. The next resistance is at $65,660, with potential for a climb to $70,000 if bulls hold strong.
âBearish Trap? Bears may attempt to pull BTC back below the moving averages, potentially dropping the price to $55,724.
âĄïžđ„ Polygon (MATIC) Poised for Gains
âMATIC Comeback: Polygon reclaimed the $0.49 level, showing resilience. If support at the 20-day EMA ($0.47) holds, MATIC could rally to $0.75. However, a break below moving averages could trigger a drop to $0.39.
âĄïžđ„ Sui (SUI) Eyes $1.44
âSUI Rebounds: Sui bounced off the 20-day EMA, with bullish momentum pushing it toward $1.11. If this resistance is breached, SUI could skyrocket to $1.44. Bears need to break below moving averages to halt the rally.
âĄïžđ Render (RENDER) Rallies
âRENDER Breakout: Renderâs recent rally above moving averages suggests bulls are in control. Support at the 20-day EMA ($5.18) could fuel a climb to $8. However, a drop below this level may signal profit-taking and a fall to $4.38.
âĄïžđč Bittensor (TAO) Targets $500
âTAO Double Bottom Pattern:Bittensor is testing the $361 resistance. If bulls succeed, TAO could surge to $500. A failure to hold above this level might see a drop to the $243-$255 zone.
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