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RedotPay adds support for $TON-based USDT Stablecoin issuer Tether reported on X that Web3 payment provider RedotPay now supports USDT on the TON blockchain.

TODAY'S PRIME FOCUS: The future targets for⬇️ 🔮 $TON | Toncoin | @ton_blockchain For information only—Not investment advice. DYOR❗️ Find out the anticipated target for $TON in 2025 according to our analysts.👇

The global cryptocurrency market cap now stands at $2.81T, up by 3.03% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $83,655 and $86,532 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $84,123, down by -2.14%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include ORCA, FARM, and ZRO, up by 132%, 39%, and 26%, respectively. Market movers: ETH: $1976.61 (-1.54%) XRP: $2.4137 (-3.38%) BNB: $631.09 (-0.30%) SOL: $128.7 (-3.86%) ADA: $0.7132 (-2.54%) DOGE: $0.16826 (-3.53%) TRX: $0.2339 (+1.96%) WBTC: $84050.82 (-2.05%) TRUMP: $10.92 (-4.21%) TON: $3.626 (-0.66%).

The market for altcoins might be in for a start of what’s known as an “altcoin season.” That’s according to Ash Crypto, a respected crypto analyst/trader who’s spotted a key technical pattern. He points to a hidden bullish divergence on the weekly Relative Strength Index (RSI). For those not deep into charts, such a pattern suggests that even though prices have been down, the underlying momentum is actually building, hinting at a turnaround. The total value of the altcoin market has been trending downwards since around the middle of December last year, with prices generally making lower highs and lower lows. However, lately, the altcoin market cap found some solid footing around the $1.03 trillion level, which led to altseason watchers confidence in a bounce back. Yes, the prices are still below a few important moving averages, means it might not be a smooth ride to recover. The 200-day Simple Moving Average (SMA), which is currently around $1.16 trillion, is acting as a significant level of resistance. Related: ETH Above $2K: Fed Stays Put, Altcoin Season Watch Begins This is on top of the 100-day SMA at $1.29 trillion and the 50-day SMA near $1.15 trillion, key levels that a sustained upward movement needs to overcome. In the shorter term, the 20-day SMA at $1.06 trillion is presenting some resistance. One level that’s particularly important to keep an eye on is $1.06 trillion. If the market can decisively break above this point, we might see a short-term recovery, with the next target being in the $1.15 trillion to $1.16 trillion range. However, if the price stays below this $1.06 trillion mark, we could see another test of the $1.03 trillion support level. If that support doesn’t hold, the market could fall further, extending the current downtrend. Related: Which 6 Altcoins Have the Potential for Massive Gains? ETH, SOL, ALGO, DOGE, AVAX, TON Overall market sentiment is still a bit cautious as major altcoins are struggling to regain their footing. Ethereum is currently trading around $1,980 having dropped by about 2% in the last 24 hours, although trading volume is high at over $12.7 billion. XRP has also seen a decline, currently around the $2.40 region after falling by about 2%. Solana, another big player, is now around the $128 price mark, but with a drop of 3.5% in 24 hours compared to ETH & XRPs’ 2% reversal. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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