``` TON, XLM, XMR, and MKR could attract buyers if Bitcoin rises above $26,500 - Coin Postman
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TON, XLM, XMR, and MKR could attract buyers if Bitcoin rises above $26,500

  • Bitcoin traded in a narrow range this week
  • Cryptocurrency markets did not receive any support from the United States equities markets
  • Bitcoin’s weakness has dragged several altcoins lower
  • According to a recent Amberdata report, 24% of asset management firms are appointing senior executives dedicated to the implementation of digital strategies
  • Bitcoin’s price analysis

Bitcoin has been trading near the $26,000 level for the past few days, indicating a tussle between the bulls and the bears. The downsloping moving averages indicate advantage to bears but the positive divergence on the relative strength index suggests that the selling pressure is reducing. The indicators are not giving a clear advantage either to the bulls or the bears. Therefore, it is better to wait for the price to either sustain above $26,500 or dive below $24,800 before placing large bets.

Toncoin’s price analysis

  • Toncoin has pulled back to the 20-day exponential moving average (EMA)
  • The 20-day EMA is likely to act as a strong support
  • If the price snaps back from the 20-day EMA, it will indicate that the sentiment has turned positive and traders are buying on dips

Stellar’s price analysis

  • Stellar has staged a smart recovery in the past few days
  • The buyers are attempting a comeback
  • If the price breaks above the 50-day SMA, the pair could soar to $0.15 and later to $0.17

Monero’s price analysis

  • Monero has held the uptrend line support for the past few days
  • The price has reached the 20-day EMA, which is an important level to keep an eye on
  • If bulls drive the price above the 20-day EMA, it will suggest the start of a sustained recovery

Maker’s price analysis

  • Maker has been stuck between the moving averages
  • The price has been trading above the downtrend line
  • Buyers will have to propel and sustain the price above the 50-day SMA to signal the start of an up-move

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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