Originally published on: February 11, 2024
As Bitcoin approaches the coveted $50,000 mark, the crypto market is abuzz with excitement. Amid the bullish sentiment, altcoins like Immutable (IMX), Kaspa (KAS), Celestia (TIA), and Stacks (STX) are making significant moves of their own.
IMX recently broke above the $2.60 resistance level, signaling a potential uptrend. With strong resistance at $2.85, the IMX/USDT pair could see a push towards $3 and beyond if bulls continue to hold their ground.
Similarly, KAS has shown resilience around the $0.10 support level, with the potential for a breakout above $0.15. The short-term uptrend remains intact as long as the pair stays above the 20-day EMA.
TIA is facing resistance at $20.40 as bulls aim for a rally towards $25. A dip below the 20-day EMA could shift the momentum in favor of bears, signaling a potential downturn.
STX has surged past the $1.78 resistance, with eyes set on $2.06. The 20-day EMA provides crucial support, but a break below could lead to a drop to $1.45.
With Bitcoin leading the charge, these altcoins are gearing up for a rally of their own. Keep an eye on these promising assets as they navigate the volatile crypto market.
