Bitcoin price recovery sets base for TON, AVAX, NEAR, OKB to rally

">" alt="Bitcoin price recovery sets base for TON, AVAX, NEAR, OKB to rally">Bitcoin (https://cointelegraph.com/bitcoin-price

) has been trading inside a descending channel pattern, indicating buying near the support line and selling close to the resistance line.OKB/USDT daily chart. Source: Cointelegraph/TradingViewThe OKB/USDT pair picked up momentum after breaking out of the 20-day EMA ($48.39) on March 14. The pair is facing selling near $$54, which could pull the price down to the 20-day EMA. A shallow pullback suggests that the bulls are not rushing to the exit, increasing the possibility of a rally to the resistance line.Contrary to this assumption, if the price continues lower and breaks below the 50-day SMA ($47.56), it signals that the bears remain active at higher levels. The pair may then tumble to $45.OKB/USDT 4-hour chart. Source: Cointelegraph/TradingViewSellers are trying to pull the price below the 50-SMA on the 4-hour chart. If they succeed, it could weaken the bullish momentum. There is support at $48, but if the level breaks down, the pair could drop to $45.Instead, a solid bounce off the 50-SMA suggests that the sentiment remains positive and bulls are buying on dips. The up move could resume above $54, opening the doors for a rally to the resistance line.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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