Cryptocurrencies See Cautious Trading as Bitcoin Struggles to Build Momentum Above $38K
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Bitcoin rose above $38K but struggled to build momentum; showing hesitation among bulls and bears about next move. Analysts turn increasingly bullish, but traders should be cautious of corrections.
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Uniswap fell below 20-day EMA but aggressive buying started a sharp rally toward overhead resistance at $6.70. Breakout could complete a double bottom pattern with $9.60 target.
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Immutable has sustained above $1.30 breakout level for days, suggesting bulls have the edge. Price could pull back to $1.30-20 day EMA support zone before attempting rally to $1.86.
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VeChain buyers pushed above resistance at $0.023 but struggle to sustain higher levels. Price could retest 20-day EMA support before attempting another move above $0.023 toward $0.031.
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Algorand reached overhead resistance at $0.14 where bears expected to mount defense. Bulls need close above $0.14-$0.15 zone to complete a cup-and-handle pattern with $0.20 target.