Bitcoin Price Recovery to $62.5K Could Trigger Breakout in TON, AVAX, KAS and XMR

Bitcoin’s recent weakness has pulled several altcoins lower, but TON, AVAX, KAS, and XMR look set to move higher.

Bitcoin Price Analysis

• Bitcoin fell below $60,000 during the week but lower levels attracted buyers.
• Bitcoin remains stuck inside the $56,552 to $73,777 range.
• Traders may trade the range or wait for a breakout before establishing large bets.

TON Coin Price Analysis

• TON is struggling to sustain above $7.67 but showing positive signs.
• Bulls have not allowed the price to drop below the 20-day EMA ($7.43).
• The bullish view will be invalidated if the price breaks below $6.60.

Avalanche Price Analysis

• Buyers are trying to push AVAX above the $29 overhead resistance.
• If successful, AVAX could rise to the 50-day SMA ($32.78).
• A sharp downturn could retest the June 24 intraday low of $23.51.

Kaspa Price Analysis

• KAS surged and closed above the overhead resistance of $0.19.
• Positive signs indicate a potential rally to $0.28.
• Invalidating this view would involve a sharp downturn below $0.19.

Monero Price Analysis

• XMR is bouncing off the 20-day EMA ($165) with bullish sentiment.
• A rise above $172 could lead to a rally to $180 and $190.
• A downturn below the 20-day EMA could shift advantage to the bears.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.