Bitcoin rises strongly!
Bitcoin successfully broke through the pressure level of $61,500, and the market is hot again! This time the bottom-up momentum is strong, and the market is very good!
1. MACD indicator: the fast line falls back to the slow line without breaking it, and the line opens upward. A strong rebound is coming!
2. EMA bullish arrangement: EMA20 and EMA30 form strong support. If they fall back, they will not break and are expected to continue to rise!
3. Large-volume breakthrough: The four-hour chart shows that trading volume has increased significantly, and there may be large investors or institutions buying at the buy the dips!
On the whole, the overall market is bullish!
The lower support level is between $61,000 and $61,500.
The upper pressure level is $63,700 to $64,300.
4 Cryptocurrencies to Watch Right Now
AVAX
Although AVAX faces resistance between $22 and $26, it still has great growth potential as the fall approaches. If it breaks through $26.90, the price may rebound to $29.68, bringing a 19% return. Despite a 57% drop in the past six months, Avalanche is still expected to get out of its current predicament with its innovative platform and the opportunity for a market rebound. Once the market picks up in the future, AVAX may usher in considerable returns.
ADA
Currently trading just above $0.30, ADA shows strong growth potential as market conditions gradually stabilize. A breakout above the $0.38 resistance level could see the price rebound by more than 5%. After a 48% drop over six months, the coin is on track for a reversal, and a broad market rebound would provide Cardano with an excellent opportunity to regain momentum.
KAS
Currently, KAS is trading between $0.15 and $0.18, with buyers and sellers competing fiercely. Despite facing resistance at $0.20, KAS has risen 14% in the past six months. If it can successfully break through the $0.20 mark, the target price may reach $0.23, which means a possible increase of 50% from the current level.
FTM
FTM has performed well recently, rising nearly 47% this month. Currently trading between $0.44 and $0.68, bulls are watching the $0.65 resistance level. If it breaks through successfully, FTM has the potential to soar to $0.71, bringing a 29% gain.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
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