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Today's crypto market update highlights several altcoins poised for potential short-term bounces, even as Bitcoin navigates bearish pressures. Eyes are on Binance Coin (BNB), Chainlink (LINK), and Monero (XMR), which are all exhibiting technical signals suggesting upcoming movements.
$BNB has registered a second "TBT bearish divergence" and has retraced to its daily "TBO fast line," indicating it's at a potential springboard point for a bounce towards $1,375. However, waning volume and RSI suggest caution.
Chainlink ($LINK ) is printing a second hourly bullish divergence, setting its sights on a short-term target around $20. Similarly, Monero (XRM) is forming a 4-hour "TBO Open Long" signal, positioning it for a rebound. These patterns suggest that despite broader market uncertainties, specific altcoins are presenting tactical trading opportunities for vigilant investors.