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The altcoins have been negatively impacted in the current bull market. Will Avalanche (AVAX), Toncoin (TON), and Kaspa (KAS) be able to recover?
Can AVAX burst through resistance and the downward trend?
Source: TradingView
AVAX was one of the top altcoins in the 2021 bull market. It reached a high of $147 during that time but has since dropped to $20 despite the bull market potentially nearing its peak in late 2025 or early 2026.
Can AVAX bulls save this promising layer 1 network? Only time will tell. However, at the moment, there is a lot of work to be done just to reach the previous local high at $55.
The price is currently facing significant resistance levels at $20 and $22. The Stochastic RSI indicators are already heading back up, so the bulls need to capitalize on this upward momentum soon. Failing to surpass the last swing high at $55 would result in another lower high.
TON tests the descending wedge breakout + strong support
Source: TradingView
TON is approaching the strong horizontal support level of $2.80 once again. On the positive side, the price has broken out of the descending wedge and recently retested it, coinciding with the strong support level.
The Stochastic RSI indicators appear to be turning upwards, indicating potential upward price momentum. However, the initial climb for these indicators has resulted in weak price action.
KAS follows W pattern to the upside
Source: TradingView
The KAS price is still following the W pattern that was forecasted to occur last Friday. This pattern is likely to take the price to the overhead resistance at $0.10. Surpassing this resistance level would be a significant achievement. If confirmed, it would bring the KAS price back into the $0.10 to $0.19 range, providing an opportunity for the bulls to push the price back to its all-time high.
Not financial advice
In the shorter time frames, there is a possibility that any of the above altcoins could experience significant growth and potentially outperform Bitcoin. This could occur if and when Bitcoin surpasses its all-time high.
However, in the longer term, most altcoins are struggling compared to BTC. Therefore, investors who hold these cryptocurrencies should be aware of this trend.
If your altcoins are not outperforming Bitcoin, it may be worth reconsidering your investment strategy.
Disclaimer: This article is provided for informational purposes only. It is not intended to be used as legal, tax, investment, financial, or other advice.
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