Leading cryptocurrency Bitcoin (BTC) started to rise again with Elon Musk’s latest statement and managed to jump above the $ 39,000 support. This mobility of the leading cryptocurrency, which is trading at $ 39,400 at press time, may also benefit altcoins in the coming days.
Bloomberg Intelligence strategist Mike McGlone drew particular attention to Bitcoin in his broadcast on Saturday, emphasizing that it is a positive sign at the moment. McGlone was right and the promotion began the next day. Yoni Assia, CEO of eToro, said in a statement on the matter that the increase could continue until the next three years and spoke more generally.
Watch out for 4 Altcoins this week
Based on technical analysis data, 4 altcoins may turn heads this week. The first of these altcoins is the one that has recently provided DeFi support to institutional investors. AAVE taking. AAVE continues to float in a range between $ 280 and $ 581 and there is little resistance in front of it.
AAVE Based on their technical analysis, the $ 344 level, which coincides with the 20-day EMA, stands out as the key level that buyers will pay attention to. The 50-day SMA coincides with the $ 414 level and could be critical in the recovery.
Second place according to technical analysis vomiting (KSM) it’s found. The parachute auction has recently started and all will be paid based on KSM. This can create great buying pressure for KSM. The long-term price target appears to be $ 625.
by KSM right behind him, he retreated to significant support and escaped the triangle formation. SOMETHING it’s found. SOMETHING is targeting the $ 1.63 level and it could break as long as the $ 1.15 support remains intact.
In the continuation of ALGO, crypto money that attracts attention with technical data TFUEL seems to be. TFUEL broke a new record by hitting the $ 0.679 level on June 9. The bulls were unable to stay at this level and there was a slight decline. However, if the price remains at $ 0.41, which corresponds to the 20-day EMA, the $ 1 target can remain in effect.
* No investment advice.