If Bitcoin manages to flip $30,000 back to support, traders might pile into FTT, XTZ, KCS and HNT to play what could become a sharp oversold bounce.
) rose above the 50-day SMA on June 9 but the bulls could not build upon this strength. This suggests that the bears are active at higher levels.Strong selling by the bears pulled the price below the moving averages and the XTZ/USDT pair dropped to the crucial support zone of $1.61 to $1.45. If the price rebounds off this zone, the bulls will again try to push the pair above the 50-day SMA and challenge the overhead resistance at $2.36.
If they manage to do that, it will suggest that the correction may be over. The pair could then retest the critical resistance at $18. Conversely, if the price turns down from $15, it will suggest that bears have flipped the level into resistance. That could open the doors for a further decline to the $14 to $13.50 zone.Helium has been in a downtrend for the past several months. The buyers attempted a recovery and pushed the price above the 50-day SMA on June 9 but the bears had other plans.The bears sold aggressively at $12.50 on June 10 and trapped the aggressive bulls.
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