TST and TURBO Were the Day's Highlighted Altcoins – Is SHIB Turning Downward?
The crypto markets made a rapid entry into the new week. Bitcoin (BTC) is trading at $95,680. Although it dipped to $95,200 during the day, it was observed that it recovered as the closing approached. High volatility is expected in the market due to the FED meeting this week. So, what does the latest outlook say for Shiba Inu (SHIB), TURBO, and TST coins?
TURBO and TST Are Rising – However, Critical Resistances Have Not Yet Been Overcome
Today, TURBO and TST stood out among the top-gaining altcoins on Binance. While the overall sentiment in the crypto markets was red, these two tokens managed to achieve double-digit gains. As we enter a challenging week, the latest economic data has slightly eased the pressure on FED Chairman Powell. Therefore, it is expected that he will exhibit a stance similar to previous statements rather than an overly dovish tone at the meeting.
The signals related to the FED's interest rate cut schedule will carry significant clues for the 2025 route. This could also be decisive for the cryptocurrency markets.
TURBO Coin: Critical Level $0.00371
TURBO Coin is trading at $0.00539 after gaining 12.3% in the last 24 hours. The rise starting from $0.001613 has continued for 12 days and the total increase has exceeded 114%. However, the resistance at $0.005632 has not yet been broken. Recently, the price has been fluctuating with a buying and high-selling strategy at the $0.004772 level. If a downward breakout similar to that of November 7-19 occurs, the $0.00371 level will be critical support. Otherwise, if the resistance is broken, it is possible for the price to spike to $0.00721.
TST Coin: The Wait in Lateral Movement Continues
The newly listed TST Coin has been stuck in the range of $0.0841 to $0.0611 for about two months. The $0.0630 level is being maintained as support. If this floor strengthens, we may see new tests at the levels of $0.0740 and $0.079 if the price breaks above $0.070.
Shiba Inu (SHIB): Eyes on $0.00001170 Support
Shiba Inu is retracing towards $0.00001170 in line with recent expectations. The pause in Bitcoin’s rise has led to selling in SHIB. Recently, investors have been adopting an early selling strategy to cope with these declines with less loss.
If the price can regain $0.0000132 as support, the level of $0.0000144 may be tested again. However, in the current situation, the less resistant path appears to be downward.
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