Published on juni 30, 2024, 7:43 pm
Image source: Fox News
```json [ "TLDR: Bitcoin's weakness affects altcoins, but TON, AVAX, KAS, and XMR show potential for growth. Peter Thiel has limited hope for Bitcoin, BitQuant targets $95,000. TON eyes $8.29 resistance, AVAX struggles at $29 hurdle. KAS bullish at $0.19 aiming for $0.28. XMR rebounds at $165 EMA with targets at $180 and $190.", "Caution advised due to market fluctuations and risks." ] ```
Bitcoin’s recent weakness has led to a downward trend in several altcoins, yet some like TON, AVAX, KAS, and XMR seem poised for an upward movement. As Bitcoin struggles within the $56,552 to $73,777 range, investors are torn on its future price action. While Peter Thiel views Bitcoin’s potential rise as limited and volatile, BitQuant indicates optimism with a target objective of $95,000.
In the altcoin market, TON is striving to maintain levels above $7.67 despite resistance. An upward momentum could see TON challenging critical resistance at $8.29 and possibly reaching $10. Conversely, a sharp downturn below $6.60 might signal a bearish pattern targeting $4.91.
Avalanche (AVAX) faces hurdle at the overhead resistance of $29 but shows resilience against bears. A break above this level could propel AVAX towards the 50-day SMA ($32.78). Conversely, failure to surpass the resistance may lead to a retest of the June 24 low at $23.51.
Kaspa (KAS) recently surged above the overhead resistance of $0.19 completing a cup-and-handle pattern. With indicators favoring bullish sentiment and control by buyers, KAS might ascend towards $0.28 if it sustains above $0.19.
Monero (XMR) appears to be rebounding off the 20-day EMA ($165), hinting at bullish sentiment among traders buying on dips. The pair could rally towards key resistances at $180 and then to $190 if it breaches above $172; however, failure may lead to a drop towards the 50-day SMA ($155).
As the crypto market continues its fluctuations amidst Bitcoin’s movements and upcoming potential breakouts, caution is advised in trading decisions as all investments involve risks that should be thoroughly researched before making any financial moves.
Original article posted by Fox News
