Bitcoin Price Stability Creates Lucrative Setups in TON, XMR, MNT, and QNT
Bitcoin price held at $26,000 could open bullish trading opportunities for TON, XMR, MNT and QNT.
Price analysis
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Bitcoin (BTC) remained quiet over the weekend. Ki Young Ju, CEO of CryptoQuant, said in a recent post on X (formerly Twitter) that the speed of Bitcoin has fallen to its lowest level in three years. He said this could be seen as either a positive because the whales were holding onto their positions or a negative because the transfer to new investors was not happening.
The range-bound action continues to puzzle investors as to the next possible trend move. In this regard, JPMorgan analysts have made positive comments, saying that Bitcoin's downward trend may come to an end. They believe that the drop in open interest for Bitcoin futures on the Chicago Mercantile Exchange suggests that the long sell-off is over.
Daily view of cryptocurrency market data. Source: Coin360As Bitcoin decides its next move, some altcoins are showing signs of strength. These altcoins could turn negative if Bitcoin's range resolves lower, but if Bitcoin breaks or stays in a range, then they may provide a short-term trading opportunity.
Let's study the charts of the top five cryptocurrencies that could rise in the near term and identify the levels that need to be broken for the bulls to take charge.
Bitcoin price analysisOn August 26, Bitcoin formed a candlestick pattern inside the day, indicating indecision between bulls and bears on the next directional move.
BTC/USDT daily chart. Source:
Bitcoin price held at $26,000 could open bullish trading opportunities for TON, XMR, MNT and QNT.
Price analysis
Join us on social networks
Bitcoin (BTC) remained quiet over the weekend. Ki Young Ju, CEO of CryptoQuant, said in a recent post on X (formerly Twitter) that the speed of Bitcoin has fallen to its lowest level in three years. He said this could be seen as either a positive because the whales were holding onto their positions or a negative because the transfer to new investors was not happening.
The range-bound action continues to puzzle investors as to the next possible trend move. In this regard, JPMorgan analysts have made positive comments, saying that Bitcoin's downward trend may come to an end. They believe that the drop in open interest for Bitcoin futures on the Chicago Mercantile Exchange suggests that the long sell-off is over.
Daily view of cryptocurrency market data. Source: Coin360As Bitcoin decides its next move, some altcoins are showing signs of strength. These altcoins could turn negative if Bitcoin's range resolves lower, but if Bitcoin breaks or stays in a range, then they may provide a short-term trading opportunity.
Let's study the charts of the top five cryptocurrencies that could rise in the near term and identify the levels that need to be broken for the bulls to take charge.
Bitcoin price analysisOn August 26, Bitcoin formed a candlestick pattern inside the day, indicating indecision between bulls and bears on the next directional move.
BTC/USDT daily chart. Source:
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