Bitcoin is on the verge of reaching $70K, paving the way for TON, STX, MNT and MKR to follow suit.

Bitcoin (BTC) experienced a 2% dip this week, with its price hitting a low of $64,493. However, there’s a positive sign for the bulls as the price has since rebounded from this weekly low. Many analysts are anticipating that the next big trigger for Bitcoin will be its halving event. Nevertheless, cryptocurrency exchange Coinbase has cautioned that the market could face challenges after the halving event, as this period is typically a weak time for crypto and other risk assets.

While the market seems to be trending upward, the downside potential appears to be limited. According to UTXO Management senior analyst, Dylan LeClair, even if Bitcoin experiences a decline, it is unlikely to drop to $50,000, where a cluster of longs could be at risk. However, he also warns that in the volatile crypto market, anything is poss

Bitcoin has been performing well in the market, but some alternative coins (altcoins) have been doing even better. According to a letter from Pantera Capital’s Liquid Token Fund, the fund reduced its investment in Bitcoin and Ether, and increased its investment in Decentralized Finance (DeFi) tokens. This strategy helped the fund achieve a 66% return in the first quarter of 2021. The question now is whether altcoins will continue to outperform Bitcoin in the near future. In this regard, we’ll examine the top 5 cryptocurrencies that seem promising based on their charts.

“Analysis of Bitcoin Price”

“Unlock the secrets behind Bitcoin’s price movement with our in-depth analysis. Discover the patterns and trends that could help you make informed investment decisions. Don’t miss out on the potential profits of this volatile market – stay ahead of the game with our expert insights.”

The 20-day exponential moving average ($68,049) continues to move up gradually, and the relative strength index (RSI) in the positive territory indicates a slight edge for the bulls. A break and close above the triangle will suggest that the uncertainty has resolved in favor of the buyers. The BTC/USDT pair could rise to $73,777 and eventually to $80,000.

Instead, if the price turns lower from the downtrend line and breaks below the 20-day EMA, it will suggest that the pair may extend its stay inside the triangle. The advantage will tilt in favor of the bears on a break below the triangle. That could start a decline to $59,000 and then to the 61.8% Fibonacci retracement level of $54,298.

The plate number 1 has started to show up on the 4-hour chart. The RSI is currently in the positive zone, which means that the bulls are in control. However, the up move is expected to face strong resistance at the downtrend line. If the bulls manage to break through this barrier, the consolidation phase could be over, and the pair might rise to $72,000 and subsequently to $73,777.

On the other hand, if the price turns downwards and breaks below the moving averages, it would indicate that the bears are still not giving up. In this case, the pair may slip to the support line of the triangle. To signal the start of a downward move to $59,000, sellers would need to pull the price below this level..

“Toncoin price analysis” is a statement that indicates the need for an evaluation or review of the current value of Toncoin in the market.

Toncoin (TON) is approaching the resistance level at $5.69, indicating the bulls are trying to regain control.

The upsloping 20-day EMA ($4.86) indicates that buyers have an advantage in the market. However, the RSI negative divergence suggests that a consolidation or correction might occur in the near future. If the price declines from the current level or $5.69, it will indicate that the bears are strongly defending the overhead resistance. This could lead to a decline in price towards the 20-day EMA.

Conversely, if buyers manage to surpass the $5.69 resistance level, the TON/USDT pair may initiate the next leg of the uptrend towards $7.09.

On the 4-hour chart, it is evident that the price has been fluctuating between $5.60 and $4.72 for some time now. The moving averages have gradually started to trend upwards, indicating that the bulls are gaining control. This increases the likelihood of a breakthrough above $5.69, which could push the pair up to $6.48.

However, if the price suddenly drops and breaks below the moving averages, it may suggest that the range-bound activity could continue for a while longer. In this scenario, the bears would take control if the price falls below $4.72.

Stacks price analysis


$3.25 has corrected in an uptrend and been trading within the moving averages, indicating a battle between bulls and bears.

If the price of STX/USDT rises above $3.36, it will indicate that the bulls have absorbed the supply. This increases the possibility of a rally to the overhead resistance of $3.84. If the price manages to clear this level, the STX/USDT pair could rise to $4.27 and later to $5.

However, if the price turns down and breaks below the 50-day SMA, it will indicate that the bears have overpowered the bulls. This may start a deeper pullback to $2.50 and subsequently to $2.20.

The price has risen above the 20-EMA on the 4-hour chart, which suggests that the pressure to sell is decreasing. If buyers are able to sustain this momentum and push the price above the 50-SMA, the pair may attempt to rally to $3.60 and later to $3.84. 

However, if the price falls back from the 50-SMA, it indicates that the bears are selling on rallies. If the price drops below $3.05, the bears will become stronger, and the selling is likely to accelerate further below $2.90. 

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Mantle price analysis

Mantle (MNT) is meeting resistance at $1.50, but it has not dipped below the 20-day EMA ($1.18).

The MNT/USDT pair is expected to retest the overhead resistance of $1.50. The upsloping 20-day EMA (Exponential Moving Average) and RSI (Relative Strength Index) near the overbought zone suggest that the price is likely to move upward if buyers overcome the barrier at $1.50. This could initiate a rally towards $1.90.

On the other hand, if the price turns down from $1.50, it will indicate that the bears are selling on rallies. In such a scenario, the pair might drop back to the 20-day EMA. A break below this support will indicate the start of a deeper correction.

The 4-hour chart shows a gradual upward slope of both moving averages, indicating a positive trend. The RSI is also in the positive territory, suggesting that buyers continue to remain in control. Although there is a minor resistance at $1.45, if this level is crossed, the pair may climb up to $1.50.

It is important to keep an eye on 50-SMA as it remains the key support. If this support is broken, it may suggest that the bulls are losing their grip. In such a scenario, the pair could drop down to the strong support near $1.15.

Maker price analysis

The bulls are having a hard time maintaining the Maker.


The price went up to $4,000 level and then increased by $3,536, resulting in some profit-booking.

The MKR/USDT pair might correct itself towards the 20-day EMA ($3,481) which is a crucial level to keep an eye on. If the price bounces back after reaching this support, it indicates that the sentiment remains positive and traders are purchasing during dips. The pair could then try to retest the overhead resistance of $4,074. If it manages to break through this level, the pair may gain momentum and surge to $5,280. 

On the other hand, if the 20-day EMA is breached, it can signal that the bulls are rushing to exit. In this case, the pair may fall to the 50-day SMA ($2,794).

The current trend of the pair indicates that the bears are trying to take control as it has fallen below the moving averages on the 4-hour chart. The price could continue dropping to $3,561 and then to $3,453, where the bulls will attempt to stop the fall. If the price bounces back from the support level, it may indicate that the pair will consolidate for a while.

On the other hand, if the price goes below $3,453, it might trigger a correction towards $3,000 and then to $2,700. The uptrend will likely continue if the price closes above $4,074.

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