Are Altcoins Going to the Moon? Several cryptocurrencies are poised to break through key resistance levels, fueling optimism for price growth in the crypto market.
Are Altcoins Going to the Moon?
Recent upward trends suggest that traders might witness significant price changes soon.
Technical Analysis of TON Coin (TON)
TON Coin is approaching moving averages, indicating buyers are attempting to overcome this barrier. If successful, the price could reach $6, a significant resistance level. Should buyers break this, the ascent may continue to $7, with prices potentially fluctuating between $4.72 and $8.29 for a while. Conversely, if the price dips below $5, it would signal seller dominance, potentially testing the support area of $4.72 to $4.44 again.
Technical Analysis of Dogecoin (DOGE)
Dogecoin has reached the resistance line of a symmetrical triangle, suggesting buyers are trying to regain market momentum. A successful break of this resistance could signal the start of a new bullish trend, pushing the price to $0.14 and possibly $0.17, with a breakout target of $0.19. However, if the price suddenly retreats from this line, it would indicate active selling, keeping Dogecoin within the triangle for several more days.
Technical Analysis of Shiba Inu (SHIB)
Shiba Inu is forming an inverse head-and-shoulders pattern, which will complete with a breakout and close above $0.000020. The rising moving averages and positive RSI suggest buyer dominance. A close above $0.000020 could pave the way for an upward target of $0.000028. However, sellers may attempt to defend this upper resistance, pulling the price below the 20-day moving average of $0.000017. If this occurs, Shiba Inu might remain range-bound between $0.000012 and $0.000020 for a while.
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