As Ethereum drops 11% over the past 7 days due to global trade tensions, Toncoin and EOS show strong upticks, approaching key resistance levels.
Current Cryptocurrency Market Situation
The cryptocurrency market is under bearish pressure following Donald Trump's announcement of reciprocal tariffs on imports. Ethereum (ETH) has lost 11% of its value over the past week.
Toncoin: Breakout and Growth Prospects
On the daily chart, Toncoin (TON) broke out of a falling wedge on March 19, allowing it to rise above resistance and the 50-day MA at $3.55. A potential gain of 49% is possible if TON surpasses the 100-day MA.
EOS: Rebound and Possible Strengthening
Like TON, EOS has broken its bearish trend by breaking out of a falling wedge on March 18, moving above the 50-day MA. EOS is now nearing the 100-day MA, achievement of which could increase its value by 31%.
If Toncoin and EOS manage to break above their current resistance levels, it may lead to further growth. However, the ongoing market volatility requires close attention to evolving events.
