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TOP 5 digital assets that can show positive dynamics in the coming days. If Bitcoin manages to break the $45,500 threshold, altcoins such as NEAR, ATOM, FTM, and FTT could see gains in the short term as well.
Right now, the bulls are trying to take Bitcoin above the 20-day exponential moving average. If buyers push and hold the price above the 20-day EMA, it will signal a possible trend change. BTC/USDT could rise to the 50-day MA at 47,000 where the bears will again provide strong resistance.
However, if the price fails to rise above the 20-day EMA, this would indicate that sentiment remains negative and traders are selling on the rally. The bears will try to push the price below the critical support at $39,600. If they succeed, the pair may continue the downtrend. At the time of writing, the BTC price is $42,850.
The NEAR token is in an uptrend. The price broke the previous all-time high at $17.95 on January 11, signaling a resumption of upward movement. If the bulls do not allow the price to fall below the breakout level at $17.95, NEAR/USDT could rise to $25.
But if the bears take the price below $17, the pair could drop to $16 and then to $13. If the bulls take the price above $20, an uptrend to $25 could begin.
ATOM / USDT
A close above $44 could open the way to the $50 level and then to $69. But if the price deviates from the upper resistance, the ATOM/USDT pair could drop to $36. This is a key level to protect the bulls. If the price bounces from this level, the bulls will again try to push the pair above the upper resistance level and resume the uptrend. But if the bears successfully defend the resistance at $44, the pair could drop to $35 and below.
Fantom (FTM) is also in a strong uptrend, but the bears may try to stop the rally at $3.48, but if the bulls push the price above that level, the next leg of the uptrend could begin. The move up may first reach $4 and then continue towards the pattern target at $5.11. If the price deviates from the upper resistance level, the bears will try to push the FTM/USDT pair towards $2.
FTT / USDT
The FTX (FTT) token has been in a correction phase for several weeks. The bulls pushed the price above the downtrend line on January 14, signaling a possible trend reversal. If the price holds above the downtrend line, FTT/USDT could rise to $53.
However, if the price reverses down from the current level and breaks through the moving averages, this would indicate that the breakout was a bull trap. This can bring the price down to $33. A close below this support could open the way to a fall towards $24.
Author: Vadim Gruzdev, analyst at Freedman Сlub Crypto News
#BTC #ATOM #FTM #FTT #show #growth