Altcoins Struggle as Crypto Market Pauses
Altcoins like Monero (XMR), Aster (ASTER), and Bonk (BONK) face more losses. The overall cryptocurrency market is weak. This comes amid slow peace talks between Ukraine and Russia.
Monero Faces Key Support at 200-Day EMA
Monero’s price fell 8% on Sunday and dropped below its 50-day EMA of $371. This is the fourth day in a row with a drop. On Monday, XMR rose 1% as buyers defended the $350 level.
If Monero falls below $350, it may test the 200-day EMA at $319.
Technical signals show strong selling pressure. The Relative Strength Index (RSI) is 43, below the midline. The MACD is near zero, still showing a sell signal.
If Monero moves back above $371, it might rise to $400.
Aster Nears Record Low After Losing 6%
Aster trades slightly above $0.90 after dropping 6% on Sunday. It risks falling below $0.882, last week’s low. Falling below $0.882 could push Aster toward its all-time low of $0.817 from November 4.
Technical indicators on the 4-hour chart show heavy selling pressure. The RSI is 32, near oversold. The MACD line continues downward.
If Aster rebounds above $0.882 and then $1.00, it could climb to $1.086.
Bonk Faces Pressure Below Key Resistance
Bonk trades below $0.00001000 and is in a tight range. Support is at $0.00000844 from November 22, while resistance is near $0.00001034.
The likely path points downward toward the $0.00000844 support. The RSI is 42, with room to fall before reaching oversold levels. The MACD shows flat signals below zero.
If Bonk breaks up out of the range, it may target the 200-period EMA at $0.00001074 and then $0.00001160 at the R3 Pivot Point.
