Introduction:

While Bitcoin faces fluctuations, other cryptocurrencies, known as altcoins, are showing strong growth. Despite the overall market facing difficulties, certain altcoins are thriving, creating their own positive trends even during tough times.

MLN Coin Analysis:

While Bitcoin struggles to maintain its value, MLN Coin has seen a significant 44% increase, trading at $30.86. However, caution is advised due to the presence of long upper wicks in daily candles, indicating potential selling pressure. Considering these factors, selling MLN Coin at the current price may be more prudent than buying, with a possible dip to $20.7 and $17.7 anticipated.

Shiba Inu (SHIB) Analysis:

Shiba Coin faces challenges in maintaining its price above the $0.000029 breakout zone, especially amidst Bitcoin's negative trends. Indicators such as the RSI and the flattening 20-day EMA suggest a delicate supply-demand balance, with potential deterioration expected. Breaching the $0.000029 resistance could lead to further increases, while falling below $0.000023 may trigger a drop to $0.000018.

TON Coin Analysis:

TON Coin, backed by Telegram, has garnered attention with notable news coverage. Despite attempts to push its value above $4.6, the presence of long upper wicks in daily candles indicates profit-taking impulses. While there's potential for another rally if resistance is broken, failure could result in a drop to $3.54.

Conclusion:

In summary, while Bitcoin faces challenges, certain altcoins like MLN Coin, Shiba Inu, and TON Coin exhibit distinct behaviors in the market. Understanding these dynamics can provide valuable insights for investors navigating the cryptocurrency landscape.