Fluctuations in the Cryptocurrency Market and Altcoin Reviews

As Bitcoin continues to fluctuate in the cryptocurrency market, some altcoins are showing double-digit gains. While the price of Bitcoin tests below $63,000, MLN Coin makes a 44% jump diverting attention. However, the long upper wicks seen in the daily charts indicate that investors need to be cautious. The gains in MLN Coin may turn into quick sales and the price may fall below $27, revealing deeper lows. MLN Coin May Fall Additionally, profit-taking after the $35.7 peak on October 23, 2022, suggests that it might be wiser to sell MLN Coin rather than buying at the current price. Possible sell-offs could push the price down to $20.7 and $17.7. Shiba Inu (SHIB) Experiencing Indecision Shiba Inu (SHIB) is trying to hold above a critical resistance zone. Bitcoin’s negative performance signals bearish signs for SHIB. The RSI and EMA indicators on the charts reflect a disrupted supply-demand balance. If SHIB […]

Fluctuations in the Cryptocurrency Market and Altcoin Reviews

As Bitcoin continues to fluctuate in the cryptocurrency market, some altcoins are showing double-digit gains. While the price of Bitcoin tests below $63,000, MLN Coin makes a 44% jump diverting attention. However, the long upper wicks seen in the daily charts indicate that investors need to be cautious. The gains in MLN Coin may turn into quick sales and the price may fall below $27, revealing deeper lows.

MLN Coin May Fall

Additionally, profit-taking after the $35.7 peak on October 23, 2022, suggests that it might be wiser to sell MLN Coin rather than buying at the current price. Possible sell-offs could push the price down to $20.7 and $17.7.

Shiba Inu (SHIB) Experiencing Indecision

Shiba Inu (SHIB) is trying to hold above a critical resistance zone. Bitcoin’s negative performance signals bearish signs for SHIB. The RSI and EMA indicators on the charts reflect a disrupted supply-demand balance. If SHIB surpasses the critical resistance, the price may move towards significant resistances; otherwise, it may experience serious declines.

TON Coin Struggling to Sustain the Rise

Telegram-backed Toncoin is showing an increase in news flow, but the recent daily candle reflects investors’ tendency to take profits. Rising EMA and RSI indicate that the rise may continue if the resistance is breached; otherwise, a downturn is possible.

Such fluctuations in the cryptocurrency market require investors to be careful in determining their strategies. Bitcoin’s performance as it approaches daily closing also provides clues about the overall direction of the market.

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how to buy crypto?
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