TON, PEPE, KAS, and JASMY could attract buying if bears fail to pin Bitcoin below $64,602.
Bitcoin (BTC) extended its decline by over 3% this week, briefly dropping below $64,000, signaling potential further correction towards $60,000. Despite the dip, bulls are attempting to defend this crucial support level. Data from Farside Investors shows continuous outflows from Bitcoin ETFs, indicating investor nervousness about near-term prospects.
Independent analyst Willy Woo suggests Bitcoin’s recovery will start once weaker miners exit and the hashrate stabilizes. If Bitcoin trades above $64,602, it could attract buying in select altcoins.
Toncoin (TON) Shows Strength
Toncoin (TON) held strong at the 50-day SMA ($6.83), indicating solid buying at lower levels. Bulls are pushing the price above $7.67, targeting $8.29 and potentially $10 if resistance is overcome. A drop below $6.60 could start a downward move to $4.91.
Pepe (PEPE) Attempts Rebound
Pepe (PEPE) bounced off $0.000010, with bulls aiming to break above the downtrend line and moving averages. Success could lead to $0.000014 and $0.000016 targets. Failure could see a fall to $0.000008.
Kaspa (KAS) Recovers from Lows
Kaspa (KAS) rebounded off the 50-day SMA ($0.14) and moved above the 20-day EMA ($0.15). Breaking the downtrend line could push the price to $0.19. A drop below the 50-day SMA could start a deeper correction to $0.10.
JasmyCoin (JASMY) Finds Support
JasmyCoin (JASMY) rebounded off the 50-day SMA ($0.03). The 20-day EMA is flattening, and RSI is near the midpoint. Overcoming resistance at the 20-day EMA could push the pair to $0.04. Failure could lead to oscillation between moving averages or a deeper fall to $0.02.
