Close Menu
ItsDailyCrypto.comItsDailyCrypto.com
  • Advertise
  • Home
  • Bitcoin
  • Altcoins
  • VeChain
  • Cardano
  • Ethereum
  • NFTs
  • Ripple
  • Solana
  • Log In
ItsDailyCrypto.comItsDailyCrypto.com
  • Home
  • Bitcoin
  • Ethereum
  • Solana
  • Cardano
  • Ripple
  • VeChain
  • Altcoin
  • NFTs
ADVERTISE
  • Log In
ItsDailyCrypto.comItsDailyCrypto.com
Home»Altcoins»BNB, TON GT ATOM and ATOM all hint that altcoins are coming.

BNB, TON GT ATOM and ATOM all hint that altcoins are coming.

Altcoins By Gavin16/03/2025
Facebook Twitter LinkedIn Email
Will Ethereum surge to $4.5k before ETH ETFs go live?
Will Ethereum surge to $4.5k before ETH ETFs go live?
Share
Facebook Twitter LinkedIn Email

BitcoinBTC() has been struggling to rise above the 200 day simple moving average (84,000), however, it is a good sign that the bears haven’t gained much ground. Bitget Research’s chief analyst Ryan Lee said to Cointelegraph Bitcoin must achieve an. weekly close above $81,000 To signal resilience. If the price falls below $76,000, selling could increase.

Markus Thielen was another cautious voice. He is head researcher of 10x Research. Thielen said to Cointelegraph Bitcoin’s chart is asymmetrical “suggests market indecision rather than a straightforward bullish consolidation.” Thielen is a resemblance doubtful of a strong price recovery in Bitcoin Now is the time to act.

Daily view of crypto market data Source: Coin360

Timothy Peterson is a Bitcoin network economist who has a very different perspective. Peterson claimed in an X-post that October and April are the only two months which generate significant Bitcoin transactions. large portion of Bitcoin’s annual performance. This suggests that Bitcoin may rise to an “new all-time high before June.”

Can buyers push Bitcoin past the overhead resistance level in short term? Which other top cryptocurrency may also rally?

Bitcoin analysis

The downward-sloping exponential moving average (20 days) ($86,188), however, indicates the dominance of bears. But the positive divergence in the relative Strength Index (RSI) shows that selling pressure has decreased.

BTC/USDT Daily Chart Source: Cointelegraph/TradingView

The BTC/USDT could fall to $80,000, then $76,606. 

In contrast, if price breaks up above the 20 day EMA and turns upwards, this will indicate that markets rejected the decline below the SMA of 200 days. It is possible that the pair will rally up to the 50 day SMA (93,033), and then to $100,000. It may be hard for buyers to break through the $100,000 psychological barrier.

BTC/USDT 4-hour chart. Source: Cointelegraph/TradingView

The 20-EMA is flattening on the chart for the 4 hour time frame, while the RSI hovers just above midpoint. This indicates a balanced supply/demand. To gain an advantage, buyers will need to push the pair over the resistance line. The pair could climb up to $92,810, and then $95,000.

Supports for the downside are at $80,000, and then $78,000. The possibility that the price will drop to $76,606 is increased if the support cracks. 

BNB pricing analysis

BNBBNB() began a recovery on 11 March from $507. It is now facing a sale at the SMA 50 days ($621).

BNB/USDT chart for the day. Source: Cointelegraph/TradingView

Near-term, the important support is at $595. The price rebounding off the 20 day EMA indicates that bulls will buy on small dips. It increases the odds of the price breaking through the 50-day SMA. BNB/USDT could rally to $686.

If the price drops and falls below the 20-day EMA (and breaks it), this will show that the bears do not have any intention of giving up the 50-day SMA. It is possible that the pair will fall as low as $550.

BNB/USDT 4-hour chart. Source: Cointelegraph/TradingView

On the 4-hour chart the 20-EMA is now visible, while the RSI has moved into the positive territory, indicating a bullish mood. Resistance is found at $632. However, if buyers are able to overcome it, then the pair may jump up to $680.

In the short term, this optimistic outlook will be erased if the pair breaks down below the 20-EMA. This pair could dip down to the 50 SMA which will likely attract more buyers. The bears will gain the upper hand if the pair breaks below the 50 SMA.

Analysis of the price of Toncoin

ToncoinTONThe 50-day SMA (3.64) was reached on March 16 after a sharp rise from $2.35.

Daily chart of TON/USDT. Source: Cointelegraph/TradingView

This correction will likely find support near the 20-day EMA (3.15). This would signal a shift in the market’s sentiment, from one of selling at rallies and buying when prices dip. This increases the likelihood of a rally over the 50-day SMA. The pair TON/USDT could rise to $4, and then to $5.

In contrast, a close and break below the EMA of 20 days suggests the bears will remain active in higher levels. It is possible that the pair will then fall towards $2.50.

TON/USDT 4-hour chart. Source: Cointelegraph/TradingView

Buyers are likely to protect the 20-EMA when the price is declining. Bulls will attempt to push the price higher if the price rises sharply above the 20-EMA. If the bulls are successful, they could push this pair to $4.67.

If the price breaks down below the 20-EMA and turns downward, this will indicate that bears are still active on higher levels. It is possible that the pair will drop down to the 50 SMA, and then to $2.50.

Related: Toncoin in ‘great entry zone’ as Pavel Durov’s France exit fuels TON price rally

Gate Token price analysis

Gate Tokens have formed an symmetrical triangular pattern. This indicates that the bulls are unsure.

GT/USDT chart for the day. Source: Cointelegraph/TradingView

The 20-day EMA (21.06 USD) has flattened out and the RSI reached the midpoint. This indicates that selling pressure is easing. The price will resume its upward movement if buyers push the price over the triangle. The GT/USDT pairs could rise to $24 before reaching $26.

It will be a sign that the pair is likely to remain within the triangle if it continues down and closes under the 20 day EMA. A break below the triangle will put the bears back in control.

GT/USDT 4-hour chart. Source: Cointelegraph/TradingView

This chart shows the difficulty the bears face in maintaining the price at or below the 20-EMA. This suggests a lower level of demand. The buyers will attempt to increase their positions by attempting to push the price over the resistance line. They could then rally the pair to around $24.

If the price breaks down below the 50 SMA and turns downward, this will indicate that bullish momentum has weakened. The pair could drop down to $19 before reaching the support level.

Cosmos price analysis

Cosmos (ATOM) broke above the 20-day EMA ($4.31) on March 15, indicating that the selling pressure is reducing.

ATOM/USDT Daily Chart Source: Cointelegraph/TradingView

The RSI formed a divergence that is positive, indicating a waning of the negative momentum. It is possible that the 50-day SMA (4.73$) could be a resistance, but it will likely be broken. If the price closes above $5.15, it could lead to a move up to $6.50.

On the downside, the 20-day EMA represents the key support. This support will indicate that bears continue to sell on rallies if it gives way. This could bring the ATOM/USDT to $3.50. 

ATOM/USDT 4-hour chart. Source: Cointelegraph/TradingView

In the short term, the pair began a decline that could lead to the 20-EMA. The bulls will buy on the dips if the price moves up off the 20-EMA. This increases the probability of a breakout above $5.15. The pair could then surge up to $6.50, and even $5.50.

In the short term, this positive outlook will be nullified if price falls below 20-EMA. The pair could fall to the 50 SMA or even to $3.80.

This article contains no investment recommendations or advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.