Toncoin starting to recover despite recent sell-off, Bitcoin may reach $70,000 soon

From Investing.com

August 28, 2024 02:00 AM:

XRP showing strength as it prepares for surge with recent bounce off 26 EMA. Decreasing trading volume raising concerns for sustained move. Conflicting scenarios with 26 EMA support but lack of buying pressure. Traders advised to monitor volume levels for potential breakout.

Toncoin begins recovery amidst Pavel Durov’s legal troubles. Recent price movement suggests possible recovery despite heavy selling prior. Buyers entering market at lower levels indicated by bounce off 200-day MA. Resistance at 50-day MA could lead to further gains if broken.

Bitcoin remains steady at $63,000 after bounce off 100-day EMA. Holding support at critical levels signaling potential gains. Heading towards upper boundary of descending channel, breakout towards $70,000 becoming likely. Technical indicators showing upward momentum with steady trading volume indicating stable interest.

Read more at Investing.com: Details, Toncoin (TON) Comeback Started, Bitcoin (BTC) $70,000 Is Closer Than You Think By U.Today