The crypto markets are working on recovering after a recent steep drop in prices, particularly with Bitcoin falling below $65,000 impacting all cryptocurrencies. However, some altcoins are showing strength and potential for positive shifts in trading patterns.
Fantom (FTM)
- Fantom's price has been showing strength in recent months, with a current pullback after a significant increase.
- Bulls are attempting to validate a bullish rebound near the crucial $0.76 support at the 50-day MA.
- The RSI is indicating a possible bullish reversal, potentially leading to a breakout if levels rise.
- Low volume suggests an imminent breakout due to high compression.
- The price is expected to test the lower support at the 50-day SMA, then aim for the upper resistance at $1.3.
Aptos (APT)
- Aptos has been on a parabolic recovery path, facing resistance at $13.1 and $14.7.
- Bears are trying to push the price lower, but a rebound might happen if support holds.
- A weekly close above $14 could signal a healthy upswing towards $18.
Myro (MYRO)
- Myro has shown potential since March, with quick recovery phases despite pullbacks.
- Previous rebounds at 0.5 FIB levels suggest a possible breakout to $0.343.
- Stochastic RSI nearing a bullish crossover supports potential for an upswing soon.
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