According to Trader Tardigrade, Bitcoin has recently touched its 100-day exponential moving average (EMA), a critical technical level often watched by traders for potential bullish momentum. This development suggests a possible upward trend, but traders should monitor further market indicators to confirm a sustained rally.

According to Trader Tardigrade, Bitcoin's price was previously rejected by the 100-day exponential moving average (EMA) in a 'touch and go' manner in January 2024. This technical indicator, often used by traders to identify potential support or resistance levels, suggests that Bitcoin ($BTC) could face a similar rejection pattern again. This could influence short-term trading strategies as traders may anticipate potential resistance near the 100 EMA level. Source: Trader Tardigrade on Twitter.

According to Trader Tardigrade, $MNT is currently supported by the 100 exponential moving average (EMA) on the daily chart, which is a significant indicator for traders. This support level, if maintained, could potentially propel $MNT to reach new price levels. The 100 EMA is a crucial benchmark for traders as it often acts as a dynamic support or resistance, influencing buying and selling decisions.