Bitcoin‘s march toward the $50,000 mark is gaining momentum while suggesting a potential consolidation phase near $52,000. The cryptocurrency’s climb coincides with a positive trend in US stock markets and reduced sales pressure from GBTC. Altcoins are also gearing up for movement, with TIA Coin and STX Coin in focus for their upcoming price actions as they respond to market-wide developments and their respective ecosystem updates.
TIA Coin Targets Higher Valleys
TIA Coin, linked to the Ethereum network, exhibits an uptrend in anticipation of the Ethereum Dencun upgrade. Trading around $19.5, the coin reveals a bullish outlook with moving averages trending upward and a strong RSI indication. A sustained push by the bulls could break the $20.4 resistance, propelling TIA to a potential high near $25. Conversely, a dip below $18 might lead to a decrease toward the $16.2 region, with the four-hour chart suggesting a further drop to $15.6 if the trend line fails.
STX Coin Rides Bitcoin’s Coattails
Stacks (STX), which benefits from Bitcoin’s dominance, is holding strong at the $1.78 resistance after a recent pullback. The rising 20-day EMA and a confident RSI signal bullish control. Aided by Bitcoin’s surge, STX may see its price pivot upwards. The coin faces a crucial test at the $2.06 mark, which if cleared, could lead to a rally up to $3. However, a close below $1.62 could spell a retraction to $1.45. The $2-2.06 zone is pivotal, and with Bitcoin’s sustained strength, a breakout for STX could be imminent.