A naukri.com initiative
Altcoins News
Coindoo
4w
222
Image Credit: Coindoo
Toncoin: How Low Can the Price Go After Dropping Below $3
- The price of Toncoin has dropped below $3 amid a 57% decrease in trading volume, with the market cap falling to $7.28 billion.
- Technical analysts warn of more downside risk as TON appears to be breaking below a long-forming symmetrical triangle pattern on the daily chart.
- The breakdown could lead TON towards the $2.00 support level, indicating a potential deeper correction.
- The triangle pattern, in place since mid-February, converged into a range between $3.60 and $2.80, with the recent breakdown favoring a bearish continuation.
- Declining volume, weakening sentiment, and technical breakdown indicate further bearish pressure ahead unless market conditions change.
- Key levels to watch include immediate support at $2.80, major support zone at $2.00, and resistance to reclaim at $3.15–$3.30 for a trend reversal.
- Traders are advised to closely monitor TON as breaching the $2.80 level could lead to an accelerated decline towards $2.00, determining a potential stabilizing point or downtrend.
Read Full Article
13 Likes
TronWeekly
4w
129
Image Credit: TronWeekly
Ethereum’s Key Breakout Level: Top Analyst Highlights $2,600 as Crucial Level
- Analyst Michaël van de Poppe highlights the crucial level of $2,600 for Ethereum's bullish momentum.
- Institutional ETF inflows signal long-term confidence in Ethereum despite short-term market fluctuations.
- Ethereum's ETF inflows have surged 56% higher than Bitcoin's over the past month, showing growing investor interest.
- Experts are closely watching the $2,600 resistance level as a key indicator for Ethereum's price movement.
- Van de Poppe suggests that failing to break past $2,600 could lead to lower price levels before a potential rebound.
- Short-term price actions, influenced by weekend volatility, might not reflect Ethereum's overall bullish trajectory.
- Van de Poppe's chart indicates Ethereum facing resistance at $2,600 following recent price drops.
- Merlijn The Trader notes institutional shift towards Ethereum, with ETH ETFs experiencing significant inflows over Bitcoin.
- Institutional investors favoring Ethereum over Bitcoin is illustrated by a chart showing ETH's higher net flows compared to BTC since May.
- Despite short-term technical challenges, Ethereum's increasing institutional interest suggests a bullish trend.
- ETH might encounter weekend volatility but could see a bounce or reversal in such erratic price environments.
- Van de Poppe predicts Ethereum testing lower demand areas before potentially resuming an upward trend.
- Inflows into Ethereum ETFs have been steadily rising, with a noticeable surge compared to Bitcoin's inflows.
- The broader trend indicates strong institutional interest in Ethereum, pointing towards a bullish outlook.
- While Ethereum faces resistance at $2,600, its growing popularity among institutional investors supports a positive trajectory.
- Institutional rotation towards Ethereum suggests a long-term bullish sentiment despite short-term price fluctuations.
Read Full Article
7 Likes
Bitcoinsensus
4w
303
Image Credit: Bitcoinsensus
Bitcoin Tops $110K, Drops on Israel–Iran Tension — Full Crypto Week Recap
- The week of June 8–14 saw significant events in the crypto sector that could influence crypto sentiment and value.
- Institutional BTC adoption continued with IBIT hitting $70B AUM, becoming the fastest ETF to reach this mark.
- US and China officials met in London to potentially resolve the trade war that has affected investor confidence.
- Tether announced plans to open-source its Bitcoin Mining OS to support smaller miners.
- Record number of traders betting against the market faced liquidations due to strong crypto market momentum.
- Strategy (formerly Microstrategy) acquired more BTC, and Siebert Financial was cleared by the SEC to invest $100 million in Bitcoin.
- Ripple Labs invested in blockchain research in 6 APAC nations.
- China and the US reached a trade agreement, boosting Bitcoin to its weekly high.
- The US Senate passed the GENIUS Act for stablecoin regulation, and Stripe acquired Privy, a crypto wallet provider.
- Bitcoin's momentum started to wane, dropping from $110,000 due to various economic factors.
- Israel's airstrikes on Iranian military sites led to Bitcoin dropping below $104K, impacting global tensions and energy markets.
Read Full Article
18 Likes
TronWeekly
4w
294
Image Credit: TronWeekly
DOGE Price Prediction: Is an Upside Move Toward $0.21 on the Horizon?
- DOGE is showing signs of a bullish reversal after a period of accumulation.
- Price action is above a key zone on the 4-hour chart, indicating smart money accumulation.
- A breakout above $0.178 could target $0.21, offering an 18% upside potential.
- DOGE is trading at $0.1777 with a market cap of $26.52B and a 24-hour volume of $1.07B.
- Recent technical analysis points to calculated accumulation near $0.176-$0.178.
- Price integrity remained strong during the accumulation, with volume spiking.
- The setup suggests smart money buying at low rates and preparing for an upward move.
- The Fair Value Gap and Order Block indicate a tactical entry point for traders.
- Traders are eyeing $0.21 as a calculated target, not driven by hype.
- Analysts anticipate an 18% increase if DOGE breaks above $0.178.
- DOGE's recent behavior aligns with a strategic accumulation pattern.
- The potential breakout aims to counter volatility in the market.
- Smart money concept is evident in soaking up liquidity and marking up prices.
- DOGE's structural rebound supports the case for a move towards $0.21.
- Andrew Griffiths highlights strong technical confluence supporting DOGE's potential increase.
Read Full Article
17 Likes
Coindoo
4w
133
Image Credit: Coindoo
Altcoin Season Incoming? Chart Hits Level That Preceded Past Rallies
- Key dominance metrics have reached historically significant support levels, often preceding strong altcoin outperformance relative to Bitcoin.
- Two key metrics indicating potential altcoin rally support signals are Altcoin Dominance (excluding Stablecoins) around the 25% mark and Altcoin Dominance (excluding ETH and Stablecoins) just above 18%.
- These levels have historically acted as launch points for altcoin-led rallies over multiple market cycles but don't guarantee an incoming altseason.
- Alphractal suggests increased volatility and potential altcoin outperformance whether Bitcoin continues to rally or sees a correction.
- Traders should monitor momentum shifts, especially if Bitcoin dominance starts to decrease.
- Historical data shows that touching these dominance support levels often precedes significant market share gains by altcoins, particularly smaller caps.
- Crypto investors and traders are advised to pay close attention to altcoin charts as there may be a pivotal shift in market dynamics.
Read Full Article
8 Likes
TronWeekly
4w
89
Image Credit: TronWeekly
AVAX Price Prediction: Nears Key Support, Can It Surge to $71?
- AVAX is approaching critical support levels at around $18.83, indicating potential accumulation activity.
- Technical indicators suggest a break from a long-term downtrend, signaling early signs of bullish momentum.
- Price projections point to mid-term resistance levels between $30 and $40, with a potential rally target of around $71.
- Volume analysis indicates increased buyer interest at support levels, supporting the breakout and recovery potential.
- Current market stats for AVAX show a price of $18.83, a 24-hour volume of $252.73 million, and a total market cap of $7.94 billion.
- Charts show a recent breakout from a descending trendline drawn since mid-2023, with increased volume, indicating a shift from bearish to bullish sentiment.
- Short-term resistance is seen near $30, with a longer-term target projection towards $71, contingent on sustained momentum.
- Technical analysis portrays AVAX poised for a potential rally, with support seen around $21 and a target at $71, based on historical recovery patterns.
- Intermediate hurdles may arise at resistance levels between $30 and $40, but strong market participation could drive AVAX through these barriers.
- Despite market volatility, AVAX's technical setup hints at a recovery narrative, with price projections ranging from $21.43 to $53.34.
- While the crypto market remains uncertain, AVAX is being closely monitored for mid-term breakout strength.
Read Full Article
5 Likes
TronWeekly
4w
280
Image Credit: TronWeekly
TAO Token Report: TAO Coils Around $372 Ahead of Breakout
- TAO token is trading around $372 with flat growth and losing momentum and trend direction.
- Resistance levels at $378 – 388 need to be surpassed for a target of $403, with $369 as crucial support.
- Analysts recommend caution due to weak trend strength and low volatility, suggesting small position sizes.
- TAO is a focal point for traders, consolidating around the pivotal $372 level, as analysts at AgentXBT note.
- Despite a slight uptick in trading activity, technical indicators signal a wait-and-watch phase for TAO.
- TAO trades at $374 with minor gains, but momentum indicators display a more than 10% decline.
- MACD and signal lines moving apart may indicate an upcoming trend reversal, while Bollinger Bands signal a potential significant price move.
- To target $403, bulls need to breach resistance at $378-388; failure could lead to a drop towards $350.
- Volume trends suggest accumulation of TAO, but low ADX indicates a lack of strong directional momentum in the market.
- For risk management, long positions advised above $378 with stop-loss below $369; short positions below $358 with tight stops above $372.
- Overall risk level rated as moderate at 5 out of 10.
Read Full Article
16 Likes
Bitcoinist
4w
111
Image Credit: Bitcoinist
Ethereum Wins Big In ETF Race As Institutional Cash Pours In
- US spot Ethereum ETFs received a surge of 154,000 ETH in the past week, significantly more than Bitcoin funds, which managed 7,800 BTC in the same period.
- The considerable inflow into Ethereum ETFs reflects growing interest in its versatile applications, including DeFi and staking rewards.
- Ethereum experienced a record day on June 11, with 77,000 ETH inflows, hinting at increasing institutional attention as its price approaches $3,000.
- There is a rising appeal for Ethereum due to staking opportunities, with rumors suggesting some ETFs may soon offer staking‑enabled shares, making them more attractive than Bitcoin funds.
- Second‑layer solutions like Optimism and Arbitrum are enhancing Ethereum's usability by reducing fees and speeding up transactions, attracting more developers and users.
- While Bitcoin still leads in total ETF assets, its recent inflows have been relatively flat, with 7,800 BTC added this week, showing some volatility compared to Ethereum.
- Investors are seeking assets with real‑world applications and growth potential, leading to Ethereum's popularity due to its role in DeFi, NFTs, and smart contracts.
- Ethereum's broad utility compared to Bitcoin's primarily store-of-value proposition could drive further investment if ETF momentum continues in its favor.
Read Full Article
6 Likes
TronWeekly
4w
62
Image Credit: TronWeekly
Shiba Inu Burns 537 Million SHIB as Burn Rate Surges 3484%
- Shiba Inu burned over 537 million SHIB in 24 hours, causing a 3,484% surge in burn rate.
- A single anonymous wallet incinerated over 310 million tokens, contributing significantly to the burn frenzy.
- Shiba Alpha Layer was introduced, symbolizing the shift from meme coin to a utility-driven ecosystem.
- The SHIB community's commitment to decreasing the token supply led to a remarkable increase in burn rate.
- Five transactions were responsible for destroying 537,187,730 SHIB, with a notable portion burnt by an anonymous wallet.
- The weekly burn rate rose by 481.17%, with a major portion attributed to the massive burn on Friday.
- Despite the significant burn, SHIB's price recovered by 5% post Friday's dip, potentially due to increased community engagement.
- Shytoshi Kusama, Shiba Inu's lead developer, hinted at an upcoming AI whitepaper release, fueling excitement.
- Kusama’s message highlighted the project’s move towards artificial intelligence integration.
- Shiba Inu also unveiled the Shiba Alpha Layer as a Layer-3 scalability solution on the Shibarium blockchain.
- The token's transformation includes token burns, price recovery, updates on Shibarium, and impending AI whitepaper release.
- Community efforts reflect a vision of utility, decentralization, and deflationary mechanisms for Shiba Inu.
- The market anticipates the lasting impact of these developments on SHIB's value.
- Shiba Inu's continued evolution suggests a strategic shift towards becoming a more utility-driven ecosystem.
Read Full Article
3 Likes
TheNewsCrypto
4w
338
Fartcoin Teeters on Key Support With Bearish Signals Mounting
- Fartcoin (FARTCOIN) faces renewed selling pressure, falling by 2.61% to trade at $1.17.
- The 24-hour trading volume dropped by over 55.36% to $251.97 million, leading to a 2.51% decrease in market cap to $1.17 billion.
- Despite nearly full circulation, FARTCOIN failed to maintain momentum, reflecting weakening buyer conviction.
- Technically, Fartcoin hovers above support at $1.10, with a potential downside opening below towards $1.00, and resistance seen at $1.29.
- The Relative Strength Index (RSI) at 49.35 suggests a lack of clear directional momentum, supported by a below-average placement compared to its moving average.
- The Chaikin Money Flow (CMF) at -0.06 indicates outflows surpassing inflows, typical of distribution phases and bearish sentiment.
- Heavy volume on down days and absence of bullish crossovers in moving averages add to the bearish outlook for Fartcoin.
- The crypto market remains uncertain, with Fartcoin vulnerable unless volume increases and a break above $1.29 occurs.
Read Full Article
20 Likes
Bitcoinsensus
4w
352
Image Credit: Bitcoinsensus
HBAR Price Prediction: HBAR’s Next Move Explained
- HBAR price reacted to a marked demand zone after sweeping daily liquidity.
- Fractal behavior on the H2 timeframe indicates possible upside targets.
- Price movements are not guaranteed, requiring adaptability.
- Liquidity plays a crucial role in market movements, often triggering abrupt price shifts.
- The daily chart displayed signs of liquidity below a demand level, suggesting potential stop losses were triggered.
- The H2 timeframe mirrors the daily pattern, with clear lows possibly indicating a cluster of stop losses.
- A sweep of the H2 lows could lead to an upward momentum targeting the last local high.
- Potential bullish scenario: A successful sweep of the H2 lows followed by a sharp bounce towards the previous high.
- Bearish scenario: Failure to react post sweep or loss of demand structure may lead to a downward move.
- Market predictions are not foolproof due to the unpredictable nature of markets.
- Traders are advised to prepare scenarios based on market structure, liquidity, and reactions.
- HBAR's current situation reflects a critical point with liquidity dynamics visible on various timeframes.
- Advisory to trade cautiously and stay responsive to market signals for successful trading.
- HBAR's price prediction revolves around potential reactions to liquidity and market structure.
- Traders can benefit from WEEX's deposit bonus offer via Bitcoinsensus for trading opportunities.
Read Full Article
21 Likes
TronWeekly
4w
115
Image Credit: TronWeekly
Solana Price Action: Will It Break $147 Resistance or Fall to $140?
- Solana is currently consolidating between $141 support and $147 resistance, signaling market indecision.
- Bearish momentum persists, but the market structure remains stable with healthy volume ratios.
- Low volatility and mixed indicators suggest waiting for breakout confirmation before trading.
- Solana is trading at $145, situated below the critical level of $146, indicating a stabilization between bearish and bullish forces.
- The overall sentiment is bearish with a decline in Solana's momentum by 9.54%, but the market structure remains relatively stable with healthy volume ratios.
- Technical indicators such as the decreasing width of the Bollinger Band and DMI values suggest possible increased volatility and a weak trend.
- The $141 support level for Solana is considered solid and may prevent additional declines.
- In the short term, Solana's outlook appears uncertain with mixed indicators showing possible bearish momentum and potential reversal.
- Traders should monitor the price action near the $146 pivot point for breakout confirmation.
- Traders can consider long positions near $141 support with targets at $147, 151, and 157, or short positions if SOL breaks below $140 with targets at $136 and $123.
- It is advised to keep position sizes small, apply risk management, and wait for explicit breakout confirmation before making aggressive trades due to Solana's unpredictable price behavior.
Read Full Article
6 Likes
TronWeekly
4w
289
Image Credit: TronWeekly
Cardano Whales Sell $170M ADA as Treasury Proposes Bitcoin Shift
- Cardano whale wallets sold $170 million ADA after an initial accumulation phase, sparking market uncertainty.
- A proposal to convert $100 million of Cardano's treasury into Bitcoin and stablecoins led to concerns about ADA's stability.
- Technical indicators suggest ADA may drop to $0.50, raising fears of a broader altcoin correction.
- Charles Hoskinson promised OTC treasury sales to limit price disruptions and support DeFi growth.
- Institutional-sized wallets went from accumulating to selling 270 million ADA, causing a price drop from $0.71 to $0.62.
- The significant sell-off by whales led to increased volatility and negative sentiment in Cardano's ecosystem.
- Analysts note a potential head-and-shoulders pattern breakdown that could push ADA down to $0.50.
- Geopolitical tensions and internal Cardano ecosystem factors contribute to uncertainty in the market.
- Hoskinson's proposal to shift $100 million from the treasury to Bitcoin and stablecoins divided the crypto community.
- Hoskinson assured that the treasury sale would be carried out off-market through OTC deals to minimize disruptions.
- The community remains divided on the treasury strategy, and Cardano faces a crucial moment amid growing pains and external challenges.
Read Full Article
17 Likes
TronWeekly
4w
156
Image Credit: TronWeekly
Ripple Mints 12 Million RLUSD as Senate Prepares to Vote on Stablecoin Bill
- Ripple mints 12 million RLUSD tokens after a month-long pause, just ahead of the U.S. Senate's GENIUS Act vote, signaling a strategic move amidst upcoming regulation.
- This move is seen as more than a supply adjustment and could be a strategic signal by Ripple in the stablecoin sector.
- RLUSD trading volume jumps by 30% following the minting, nearing a total supply of 405 million tokens across Ethereum and the XRP Ledger.
- Ripple paused RLUSD issuance in early May in a responsible growth effort, focusing on maintaining price stability and trust in the token.
- The timing of the minting coincides with the U.S. Senate's GENIUS Act vote on stablecoin regulation, potentially reflecting Ripple's confidence in the bill's passage.
- RLUSD is Ripple's U.S. dollar-pegged stablecoin known for its speed, transparency, and stability, catering to traders, remittance users, and DeFi participants.
- Most RLUSD tokens circulate on Ethereum, with a portion on the XRP Ledger for faster and lower-cost transactions, totaling approximately 405 million tokens.
- Following the mint, RLUSD's trading volume surges by over 30%, indicating increased interest and readiness for potential regulatory changes.
- Ripple's move suggests preparation for regulatory shifts and a belief in a regulated stablecoin market, positioning RLUSD as a leader.
- A potential passage of the GENIUS Act could prompt significant industry developments, with Ripple poised to leverage its institutional ties and global network.
Read Full Article
9 Likes
TronWeekly
4w
254
Image Credit: TronWeekly
XRP and Solana Frenzy Sparks Explosive Stock Surges in Micro-Cap Companies
- Micro-cap companies like Trident Digital and Addentax are announcing billion-dollar XRP and Solana plans despite having tiny market caps.
- Analysts, including VanEck’s Matthew Sigel, warn these moves resemble pump-and-dump schemes rather than genuine crypto strategy.
- DeFi Development Corp. surged from $7M to $379M in market cap after a questionable $5B Solana treasury claim.
- XRP is at the center of a new wave of speculative announcements as low-cap companies rush to declare massive crypto treasury plans.
- Many of these announcements are seen as stock manipulation tactics by analysts.
- Trident Digital Tech claimed it would raise $500 million for an XRP treasury despite having a market cap of just $16 million.
- VanEck's Matthew Sigel believes these announcements are likely pump-and-dump schemes orchestrated by insiders.
- Addentax Group, a Chinese company with a low market cap, made a dubious claim of buying $800 million worth of Bitcoin and another coin.
- Further small firms like Classover Holdings and Webus International are also pushing billion-dollar XRP and Solana treasury plans.
- DeFi Development Corp. announced a $5 billion Solana treasury deal, seeing a significant market cap increase fueled by hype.
- Analysts note the difference between these bold declarations and legitimate strategies like MicroStrategy's approach to crypto investments.
- The pattern observed involves driving stock prices up with grand crypto investment announcements to benefit insiders.
- Caution is advised for retail investors as these speculative tactics may pose risks.
- Amid escalating XRP-related activities, due diligence is emphasized in light of exaggerated crypto treasury plans by penny-stock firms.
- The joint motion in the Ripple-SEC case seeking a resolution on a $125M escrow adds to the ongoing XRP-related saga.
Read Full Article
15 Likes
For uninterrupted reading, download the app