The latest analysis suggests that Ethereum (ETH), Toncoin (TON), Uniswap (UNI), and Monero (XMR) could experience rallies if Bitcoin clears the $68,000 mark. Here are the main points:
Bitcoin's Situation:
Bitcoin (BTC) has dropped over 4% this week, indicating bear activity near $70,000.
We are treating the dip to $66,600 as a buying opportunity.
To sustain buying in ETH, TON, UNI, and XMR, Bitcoin needs to rise above $68,000.
Bitcoin is currently fluctuating between $64,602 and $72,000, with critical support at $60,000.
Ethereum (ETH):
ETH is rebounding from its recent drop below $3,400, driven by the anticipated launch of spot Ether ETFs.
ETH needs to rise above the 20-day EMA ($3,612) to signal the end of the correction and aim for $3,730 and $3,977.
Failure to hold above $3,612 could lead to a decline to $2,850.
Toncoin (TON):
TON completed a bullish ascending triangle pattern, breaking out of $7.67.
If TON maintains above $7.67, it could rally to $10.
A slip below $7.67 may lead to a drop to the uptrend line or $6.
Uniswap (UNI):
UNI has risen from the 50-day SMA ($9) to the overhead resistance of $12.
If UNI surpasses $12, it could rally to $13.34 and $15.
A drop below the 20-day EMA ($10.24) could pull UNI back to the 50-day SMA.
Monero (XMR):
XMR's buying accelerated above $153, and it is currently testing $180.
A break above $180 could propel XMR to $190.
A sharp decline below the 20-day EMA ($163) could see XMR fall to $153.
In summary, while Bitcoin's performance remains critical, we suggest potential bullish moves for ETH, TON, UNI, and XMR if Bitcoin can stabilize and rise above key levels.
not financial advice