Rally

Bitcoin

Fantom

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-leads-market-rally-and-boosts-altcoins/" data-wpel-link="internal">Bitcoin Leads Market Rally and Boosts Altcoins</a> 
An exciting process continues in the <a href="https://en.coin-turk.com/european-central-banks-interest-rate-verdict-disclosed-current-state-of-the-cryptocurrency-market/" data-wpel-link="internal">cryptocurrency </a><a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a>. The upward movement led by Bitcoin has successfully revitalized the altcoin market. Positive data from the US has triggered a rise in risky assets. What is happening with GRT and Fantom? We analyze detailed charts and important support and resistance levels. 
<h2 class="p1" style="text-align: justify" id="grt-chart-analysis">GRT Chart Analysis</h2> 
GRT chart started a relief rally on May 15 after the bulls pushed the price above the moving averages. The 20-day EMA began to rise, and the RSI moved into positive territory, indicating that the bulls are attempting a comeback. Buyers will try to push the price towards the overall resistance of $0.35, where the bears might mount a strong defense again. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-353425 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/grt.webp" alt="" width="1359" height="803"> 
The 20-day EMA continues to be the fundamental support on the downside. A drop in price and a break below this level will indicate that the bears are selling on every minor rise. This could push the GRT/USDT pair down to $0.26 and then to $0.23. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-353424 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/grt-4s.webp" alt="" width="1359" height="803"> 
The 4-hour chart shows that the pair has been stuck between $0.22 and $0.31 for a while. Bulls pushed the price above the range but couldn’t sustain higher levels. If the price falls below the 50-SMA and holds, it will indicate that the breakout was rejected. The pair could then drop to $0.26. 
Alternatively, if the price rises strongly from the moving averages, the bulls will make another attempt at $0.31. If this level is crossed, the pair could rise to $0.35 and then to the pattern target of $0.40. 
<h2 class="p1" style="text-align: justify" id="fantom-chart-analysis">Fantom Chart Analysis</h2> 
Fantom signaled the start of a recovery on May 16 by rising above the moving averages and the horizontal resistance of $0.79. The moving averages are on the verge of a bullish crossover, and the RSI has moved into positive territory, indicating that the bulls are back in the <a href="https://newslinker.co/category/gaming/" target="_blank" rel="noopener" data-wpel-link="exclude">game</a>. However, the bears are unlikely to give up easily as they will try to pull the price down to $0.79. If the bulls turn this level into support, the FTM/USDT pair could rise to $1.04. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-353423 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/ftm-1.webp" alt="" width="1359" height="803"> 
Conversely, if the price falls and breaks below the moving averages, it will indicate that the bears remain active at higher levels. This could pull the pair down to $0.60. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-353422 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/ftm-4s.webp" alt="" width="1359" height="803"> 
Bears are trying to initiate a correction on the 4-hour chart, but bulls are likely to buy the dips at the 20-EMA. In such a case, the pair is expected to gain momentum and rise towards the overall resistance of $1.04. 
Instead, if the price continues to fall and breaks below the 20-EMA, it will indicate that the bulls have lost control, and the pair could drop to the breakout level of $0.79. This is a key level that bulls need to defend because a break below it will indicate that the recovery has stalled. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-leads-market-rally-and-boosts-altcoins/" data-wpel-link="internal">Bitcoin Leads Market Rally and Boosts Altcoins</a></h5>

Bitcoin Leads Market Rally and Boosts Altcoins

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