CandleFocus

Weekly Market Analysis: Altcoins Move Sideways, Cryptocurrencies Approach Bearish Fatigue

Author: Content Editor
The given content provides a summary of the performance and characteristics of several cryptocurrencies.

1. Starknet (STRK): It is in a downtrend and has fallen to the bottom of the charts. The altcoin is currently consolidating within a narrow range and will resume its uptrend if the price stays above the $0.45 resistance level.

2. Helium (HNT): Previously in a downtrend, it is now in an upward correction. The altcoin has risen above moving average lines, and buyers are expected to drive it to the previous high of $11.16. It is currently fluctuating below $8.

3. Arweave (AR): Currently in a downtrend, it has reached a low of $16. The altcoin is trading sideways, above the $18 support but below the $28 resistance. A positive trend will continue if the price breaks above moving average lines or the $28 mark.

4. TRON (TRX): Declining after ending an uptrend, it has fallen below the 21-day SMA but is trading above the 50-day SMA. If the bears break the 50-day SMA support, the altcoin will drop further, and if buyers hold the price above the 21-day SMA, TRON will return to its previous high of $0.168.

5. Monero (XMR): In a sideways trend since June 12, it is currently trading within a range of $145 to $180. The increasing momentum is below the $180 barrier, and if the bulls fail to break above it, the sideways trend will continue. The altcoin has stabilized above the 21-day SMA support.

Overall, some altcoins are in downtrends or sideways trends, while others are experiencing upward corrections. The performance and trends are analyzed based on price levels, moving average lines, and resistance/support levels.

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