Bitcoin Price Analysis

TON, PEPE, KAS, and JASMY could attract buying if bears fail to pin Bitcoin below $64,602.

• Bitcoin extended its decline by more than 3% this week as bears maintained their selling pressure.
• The bulls are trying to defend the STH-RP, the aggregate cost basis of Bitcoin holders — wallets storing Bitcoin for 155 days or less.
• Bitcoin’s weakness has resulted in sustained outflows from the spot Bitcoin exchange-traded funds since June 13.

Independent analyst Willy Woo said in a post that Bitcoin’s recovery is likely to start after the “weak miners die” and the hashrate recovers.

Bitcoin Price Analysis

Bitcoin broke below the $64,602 support on June 21, but the bears failed to build upon their advantage. This suggests that selling dries up at lower levels.

• The bulls will have to drive the price above the moving averages to trap the aggressive bears.
• If the price turns down from the current level or the moving averages, it will signal that the sentiment remains negative.

Toncoin Price Analysis

The bulls did not allow Toncoin (TON) to slip below the 50-day SMA ($6.83), indicating solid buying at lower levels.

• The bulls are trying to push the price above the overhead resistance of $7.67.
• Contrary to this assumption, if the price turns down from the current level and breaks below $6.60, it will complete a head-and-shoulders pattern.

Pepe Price Analysis

Pepe (PEPE) has been correcting for the past few days, but the bounce off $0.000010 shows that the bulls are attempting a rebound.

• Buyers will have to kick the price above the downtrend line and the moving averages to signal the start of a sustained recovery.
• On the contrary, if the price turns down from the downtrend line or the moving averages, it will indicate that the bears continue to sell on rallies.

Kaspa Price Analysis

Kaspa (KAS) bounced off the 50-day SMA ($0.14) on June 18, signaling buying at lower levels.

• If buyers maintain the momentum and drive the price above the downtrend line, it will suggest that the correction may be over.
• The critical support to watch on the downside is the 50-day SMA.

JasmyCoin Price Analysis

JasmyCoin (JASMY) rebounded off the 50-day SMA ($0.03) on June 21, indicating that the lower levels are attracting buyers.

• The 20-day EMA ($0.03) is flattening out, and the RSI is near the midpoint, indicating that the selling pressure is reducing.
• If buyers overcome the resistance at the 20-day EMA, the JASMY/USDT pair could rally to $0.04.

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.