Bitcoin price recovery may lead TON, AVAX, NEAR, OKB to rally

From Cointelegraph
March 23, 2025 1:58:00 pm:

Bitcoin bulls are striving to keep the price above the 200-day SMA at $84,899. Analysts suggest Bitcoin needs to close above $85,000 to signal strength and avoid a drop to $76,000. Tariff wars are affecting markets; Nansen research analyst predicts pressure until April 2. Analysts expect a short-term decline, with a bear market lasting 90 days.

Bitcoin is facing resistance at the 20-day EMA of $85,246, but bulls are holding ground. A break above the 20-day EMA may lead to a rise to $95,000. A drop below $81,000 could indicate a bearish trend, possibly reaching $76,606. Altcoins may follow Bitcoin’s lead if a recovery occurs.

Toncoin turned down from $4 but maintains prices above moving averages. A bullish breakout above $4 could push TON to $5, while a drop below the 20-day EMA at $3.39 may lead to support levels at $2.81 and $2.73. Buyers are defending key levels against potential deeper corrections.

Avalanche shows signs of a weakening downtrend with positive RSI divergence. If the price breaks above the 20-day EMA at $19.76, AVAX could rise to $25.12 to $27.23. A drop below $15.27 could resume the downtrend. NEAR Protocol is also displaying early signs of reversal with positive RSI divergence. A break above the 50-day SMA at $3.05 could lead to a rally to $5.

OKB is trading within a descending channel pattern, with resistance near $54. A breakout could lead to a rally to the resistance line, while a drop below the 50-day SMA at $47.56 may signal bearish activity. Support levels at $48 and $45 will be crucial to watch.

Read more at Cointelegraph: Bitcoin price recovery sets base for TON, AVAX, NEAR, OKB to rally