Today's Crypto Assets market: XDC, AB, and BONK outperform the market, while Bitcoin briefly fell below 108,000 USD.

After US President Trump announced an extension of the tariff deadline to August 1, Bitcoin fell below $108,000 during the Asian session today, and the momentum of top altcoins in the Crypto Assets market is declining. Altcoins such as XDC Network (XDC), AB (AB), and Bonk (BONK) have maintained their momentum since Monday and have pumped, outperforming the market in the past 24 hours.

XDC Approaching Double Bottom Breakthrough

FXStreet analyst Vishal Dixit stated that XDC rose nearly 2% on Tuesday, marking its seventh consecutive day of increase. The upward trend is approaching the 200-day Exponential Moving Average (EMA), nearing the resistance level of $0.067 last tested on June 11.

The price trend indicates the formation of a double bottom, with the neckline at $0.067 and the baseline at $0.057, excluding price fluctuations on June 22 and 23, which were anomalies caused by a volatility spike.

If the closing price is above 0.067 USD, the upward trend may extend by 14% to 0.077 USD, which is calculated by inferring the distance between the baseline and the neckline from the potential breakout point.

The Moving Average Convergence Divergence (MACD) indicator shows that both the MACD and the signal line are on an upward trend and have crossed the zero line. The rising trend of the green histogram indicates bullish momentum. The Relative Strength Index (RSI) at 68 is close to the overbought territory, indicating increased buying pressure.

If it fails to surpass the 200-day EMA, it may lead to a pullback to the 50-day EMA at $0.062.

(Source: Trading View)

AB ignites hope for trend reversal

AB has risen for the fourth consecutive day, rebounding from a local support level of $0.0079. As of the time of writing, AB has increased by 1% on Tuesday, approaching the 200-day moving average of $0.0084.

After breaking through the dynamic resistance level, the target price may be the high of last week at $0.0089. If the daily closing price of AB can break through this level, then off-exchange investors can see this as an opportunity to enter on the breakout, with the potential target being the high of June 25 at $0.010.

The MACD indicator shows that the MACD and signal line are gradually approaching a crossover, which is usually considered a buy signal.

If the support level above 0.0079 USD cannot be maintained, the fall trend of alts may continue to test 0.0069 USD on May 30.

(Source: Trading View)

BONK breaks through but struggles to sustain the upward trend

As of Tuesday's press release, BONK has fallen by more than 1% for the first time in seven days. The current upward trend has broken through the 78.6% Fibonacci retracement level of $0.00002218, which climbed from the low of $0.00000886 on April 7 to the high of $0.00002581 on May 12.

As the Fibonacci levels of the breakout are retested during the intraday pullback, the possibility of a reversal remains after the retest. If the meme coin holds the key support level, it may test the high of May 12 at 0.00002581.

The 50-day and 100-day EMA are gradually approaching a bullish crossover, indicating short-term buying opportunities.

Similar to XDC tokens, the MACD indicator shows that the momentum of BONK is strengthening. However, the RSI has fallen to 72 in the overbought region, indicating a potential pullback.

If the daily closing price of BONK falls below 0.00002218 USD, the decline of this meme coin may extend to 0.00001859 USD at the 200-day EMA.

(Source: Trading View)