Bitcoin and select major altcoins may remain under pressure in the near term, indicating that the bears have not yet given up.
) has been swinging between $14 and $27.12 for the past several months. The price has reached the 20-day EMA where the bears are likely to pose a stiff challenge.If buyers thrust the price above the 20-day EMA, the SOL/USDT pair could reach the overhead resistance at $22.30. This level may again act as a strong hurdle but if bulls overcome it, the pair could climb to $27.12.
On the contrary, if the price turns down from the 20-day EMA, it will signal that demand dries up at higher levels. The bears will then try to resume the downtrend and yank the price to the vital support at $14.Toncoin price analysis Toncoin snapped back from the 20-day EMA on Sep. 12, indicating that the bulls are viewing the dips as a buying opportunity.The price reached the first resistance at $1.98 on Sep. 13 where the bears are trying to halt the up-move. A minor advantage in favor of the bulls is that they have not ceded ground to the bears. This suggests that the bulls are in no hurry to book profits as they anticipate the up-move to continue.
If the $1.98 level is taken out, the TON/USDT pair could reach $2.07. This is an important level for the bears to defend because a break above it could propel the pair to $2.40. On the downside, a slide below the 20-day EMA could tilt the advantage in favor of the bears.
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