Bitcoin faces decline as investors express concerns, while Toncoin, Pepe, Kaspa, JasmyCoin, and Pawfury show varying price movements. Toncoin eyes resistance levels, Pepe attempts recovery, Kaspa rebounds, JasmyCoin faces selling pressure, and Pawfury gains attention with high staking rewards and promising outlook.
Weekly Cryptocurrency Market Overview: Bitcoin, Toncoin, Pepe, Kaspa, JasmyCoin, and Pawfury
This week, Bitcoin (BTCUSD) experienced a decline of over 3%, with its price dipping below the short-term holder realized price (STH-RP) of $64,230. Despite this, the drop did not extend further, suggesting that bulls are defending this critical price point. Data from Farside Investors indicates sustained outflows from spot Bitcoin exchange-traded funds, reflecting investors’ concerns about Bitcoin’s near-term prospects.
Willy Woo, an independent analyst, noted that Bitcoin’s recovery might commence following the capitulation of weaker miners and a hashrate rebound. Historically, hashrate recovery has varied, taking 8 days in 2020 and 24 days in 2017. The current miner capitulation is proceeding longer than usual, possibly influenced by “ordinal inscriptions boosting income.”
If Bitcoin’s price moves above $64,602, it could trigger buying in select altcoins. Conversely, a further drop below $63,379 might lead to a deeper correction toward $60,000.
Toncoin (TON) Analysis
Toncoin has seen strong buying support at lower levels, preventing prices from falling below the 50-day SMA ($6.83). Efforts are being made to push the price above $7.67, potentially rallying to $8.29, with a major resistance at $10. However, if the price breaks below $6.60, it could trigger a head-and-shoulders pattern, potentially leading to a fall to $4.91.
Pepe (PEPE) Analysis
Pepe has shown attempts at recovery from $0.000010, with a target to surpass the downtrend line and moving averages. If successful, the price could rise to $0.000014 and then $0.000016. Failure to breach the downtrend line might result in a continuous correction towards $0.000008.
Kaspa (KAS) Analysis
Kaspa rebounded off the 50-day SMA ($0.14) and surpassed the 20-day EMA ($0.15). If the momentum continues, it could reach the overhead resistance at $0.19. A fall below the 50-day SMA, however, might escalate a correction toward $0.10. On the 4-hour chart, a rise above $0.16 suggests further gains to $0.18, while a dip below $0.14 could lead to further consolidation or a drop to $0.13.
JasmyCoin (JASMY) Analysis
JasmyCoin bounced off the 50-day SMA ($0.03), indicating diminishing selling pressure. If buyers push the price above the 20-day EMA ($0.03), a rally to $0.04 is possible. Otherwise, the price might oscillate between the moving averages, with a risk of falling to $0.02 if it dips below the 50-day SMA.
Pawfury (PAW) Overview
Recently, Pawfury (PAW) has been garnering attention with its dynamic ecosystem designed to provide high-yield staking rewards. Pawfury’s presale has raised an impressive $4.23 million, with the current price at $0.01043. This is attracting significant investor interest as the presale sells out. Analysts are optimistic, predicting PAW’s price could reach $5 by the end of 2025, offering a potential 15,500% ROI. To celebrate its accomplishments, investors can unlock a 10% bonus with the limited-time promo code: FURYUP10X. Furthermore, the cryptocurrency’s listing on major exchanges is expected to increase its accessibility and potentially drive up its value further.
This summary is for informational purposes only and does not serve as investment advice. Readers should perform their own research before making any investment decisions.
