Bitcoin Faces Selling Pressure at $115,000 While LTC, CRO, ENA, and MNT Show Potential for Upside
Main Idea
Bitcoin is facing selling pressure at $115,000, while altcoins like Litecoin (LTC), Cronos (CRO), Ethena (ENA), and Mantle (MNT) show resilience and potential for upward movement if Bitcoin maintains above $112,000.
Key Points
1. Bitcoin is struggling with selling pressure near $115,000, and maintaining above $112,000 could help altcoins resume their upward trend.
2. Litecoin (LTC) bounced off $107 and could rally to $130 if it holds above $122.
3. Cronos (CRO) regained ground above the 20-day SMA and may resume its upward trend if it breaks above $0.15.
4. Ethena (ENA) shows recovery potential, with buyers defending the 20-day SMA ($0.54) and aiming for $0.70 to start the next upward move.
5. Mantle (MNT) has formed an inverse head-and-shoulders pattern, and a break above $0.85 could trigger a rally to $0.94 and beyond.
Description
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