COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Insights on Cryptocurrency Market: Altcoins Show Resilience Despite Bitcoin’s Struggles
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Technical Analysis > Insights on Cryptocurrency Market: Altcoins Show Resilience Despite Bitcoin’s Struggles
Technical Analysis

Insights on Cryptocurrency Market: Altcoins Show Resilience Despite Bitcoin’s Struggles

In Brief

  • Altcoins often surge in double digits despite market fluctuations.

  • MLN Coin rises 44% while Bitcoin searches for lower depths.

  • Shiba Inu struggles to maintain a breakout, while TON Coin shows volatility.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

Bitcoin prices fluctuate, but there are always altcoins experiencing double-digit growth. While most of the market endures a harsh winter, small groups create their own summer. This has been observed even on the toughest days of bear markets.

Contents
MLN Coin AnalysisShiba Inu (SHIB) AnalysisTON Coin Analysis

MLN Coin Analysis

Bitcoin‘s price is looking for lower lows below $63,000, while MLN Coin’s price enjoys a 44% increase, continuing the day at $30.86. At the time of writing, it is the altcoin with the highest gains on Binance‘s USD pair.

However, the long upper wick in the daily candle suggests investors should be cautious. On October 23, 2022, the price tested the peak of $35.7 and faced intense selling pressure. Another important detail is the frequency of such upper wicks in the daily chart.

In short, it seems more sensible to sell MLN Coin at the current price rather than buy. Rapid profit-taking could potentially drive the price to dip to $20.7 and $17.7 after closing below $27.

Shiba Inu (SHIB) Analysis

Bulls can’t keep the price above the $0.000029 breakout zone, and combined with BTC‘s negativity, this doesn’t bode well for Shiba Coin. The RSI and flattening 20-day EMA reflect the supply-demand balance, but this is likely to deteriorate soon.

If the $0.000029 resistance zone is breached, we may see the price move towards the strong resistance areas of $0.000035 and $0.000039. Conversely, $0.000023 is a significant support area. Closures below this could lead to a drop to $0.000018.

With about 1.5 hours left to the daily close, Bitcoin’s price does not look promising, finding buyers at $62,700.

TON Coin Analysis

The Telegram-backed altcoin has experienced a very visible rise in terms of news flow. Bulls are struggling to push Toncoin above $4.6, but the long upper wick in the last daily candle reflects the impulse to take profits.

The rising 20-day EMA ($3.54) and the RSI in the overbought zone suggest a possibility of another attempt. If resistance is broken, a target of $5.64 could be in sight, while a reversal could see a drop to $3.54.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Bitcoin Retains Momentum as Altcoins Eye New Highs

Crypto Prices Soar: Discover What’s Next for AVAX, BONK, PEPE, XRP, and DOGE!

Cryptocurrency Market Surges as Litecoin Eyes $650 by Year-End!

Cryptocurrency Insights: Analysts Foresee Opportunities in Fartcoin, Virtual, and Ethereum

Expert Predicts Cryptocurrency Trends: Solana, Chiliz, CEEK, and Dogecoin

COINTURK NEWS 23 March, 2024 - 4:21 am 23 March, 2024 - 4:21 am
Share This Article
Facebook Twitter
Share
Previous Article Crypto Market Outlook: Will Prices Climb?
Next Article Bitcoin Price Fluctuations and the Sale of FTX Founder’s Jets
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

See BNB Surge as Crypto Factors Align!
Altcoin News
Bitcoin Surges Past $105,000 Triggering Positive Waves in Crypto Market
Ripple (XRP)
Bitcoin Surges as the Dollar Index Weakens
Bitcoin (BTC)
Seize Opportunities in the Crypto Market with Strategic Investment Approaches
Altcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?