Shiba

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Shiba Inu

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-on-cryptocurrency-market-altcoins-show-resilience-despite-bitcoins-struggles/" data-wpel-link="internal">Insights on Cryptocurrency Market: Altcoins Show Resilience Despite Bitcoin’s Struggles</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/bitcoin-fiyati-btcde-ilk-hedef-48-000-dolar" data-wpel-link="internal">Bitcoin</a></strong> 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.</p> 
<h2 style="text-align: justify" id="mln-coin-analysis">MLN Coin Analysis</h2> 
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/qcp-capital-issues-warning-on-crypto-market-volatility-and-hedging-strategies/" data-wpel-link="internal">Bitcoin</a>‘s price</strong> is looking for lower lows below $63,000, while <strong>MLN Coin’s price</strong> enjoys a 44% increase, continuing the day at $30.86. At the time of writing, it is the altcoin with the highest gains on <a href="https://en.coin-turk.com/binance-announces-listing-strax-coin-expected-to-soar/" data-wpel-link="internal">Binance</a>‘s USD pair.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-332090 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/MLNUSDT_2024-03-23_01-16-46.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">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.</p> 
<p style="text-align: justify">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.</p> 
<h2 style="text-align: justify" id="shiba-inu-shib-analysis">Shiba Inu (SHIB) Analysis</h2> 
<p style="text-align: justify">Bulls can’t keep the price above the $0.000029 breakout zone, and combined with <strong><a href="https://coin-turk.com/carpici-bitcoin-btc-degerlendirmesi-eylul-ayina-dikkat" data-wpel-link="internal">BTC</a></strong>‘s negativity, this doesn’t bode well for <a href="https://en.coin-turk.com/technical-analysis-of-shiba-inu-in-the-crypto-market/" data-wpel-link="internal">Shiba</a> Coin. The RSI and flattening 20-day EMA reflect the supply-demand balance, but this is likely to deteriorate soon.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-332091 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/SHIB-Fiyat-Tahmin-Grafik-Yorum.png" alt="" width="1325" height="755"></p> 
<p style="text-align: justify">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.</p> 
<p style="text-align: justify">With about 1.5 hours left to the daily close, Bitcoin’s price does not look promising, finding buyers at $62,700.</p> 
<h2 style="text-align: justify" id="ton-coin-analysis">TON Coin Analysis</h2> 
<p style="text-align: justify">The Telegram-backed altcoin has experienced a very visible rise in terms of news flow. Bulls are struggling to push <strong>Toncoin</strong> above $4.6, but the long upper wick in the last daily candle reflects the impulse to take profits.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-332092 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/Toncoin-Fiyat-Tahmin-Grafik-Yorum.png" alt="" width="1322" height="757"></p> 
<p style="text-align: justify">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.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/insights-on-cryptocurrency-market-altcoins-show-resilience-despite-bitcoins-struggles/" data-wpel-link="internal">Insights on Cryptocurrency Market: Altcoins Show Resilience Despite Bitcoin’s Struggles</a></h5>

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

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