šØšØš„ Crypto Bull Run: MATIC, SUI, RENDER, and TAO Set to Skyrocket!
ā”ļøš 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.
ā”ļøš Bitcoin Price Analysis
āBTC 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.
āBearish Trap? Bears may attempt to pull BTC back below the moving averages, potentially dropping the price to $55,724.
ā”ļøš„ Polygon (MATIC) Poised for Gains
āMATIC 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.
ā”ļøš„ Sui (SUI) Eyes $1.44
āSUI 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.
ā”ļøš Render (RENDER) Rallies
āRENDER Breakout: Renderās 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.
ā”ļøš¹ Bittensor (TAO) Targets $500
āTAO 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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