The strength in the U.S. dollar has failed to drag Bitcoin and select major altcoins lower, indicating that the selling may be limited.
) above the 20-day EMA in the past few days shows that the bears are aggressively protecting the level.The price has turned down from the 20-day EMA and the bears will try to build upon their advantage by pulling the SOL/USDT pair below the nearest support at $18.50. If this level cracks, the selling could pick up and the next stop is likely to be $17.33.
On the contrary, if the price bounces off $18.50, it will suggest buying on dips. The bulls will then again try to shove the price above the moving averages. If they do that, the pair may jump to $22.30.Toncoin price analysis Toncoin has dropped to the 20-day EMA which is an important level to keep an eye on. In an uptrend, buyers generally buy the dips to the 20-day EMA.Here too, the bulls purchased the fall to the 20-day EMA on Sep. 27 but the long wick on the candlestick shows that the bears are selling at higher levels. If buyers maintain the price above the 20-day EMA, the TON/USDT pair will attempt a rally to the 61.8% Fibonacci retracement level of $2.40.
Meanwhile, sellers are likely to have other plans. They will try to yank the price below $2.07 and extend the correction to the next major support at the 50-day SMA .
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