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Altcoins News
Newsbtc
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TRON Surges Past 8 Million Daily Transactions as TRX Holds Above $0.27
- TRON (TRX) has maintained a relatively stable price range between $0.276 and $0.272 over the past week, with the current trading price at $0.2729, reflecting a 1.5% decline in the weekly period.
- Despite the short-term fluctuations, TRX has shown a broader uptrend with a 12% gain in the past month, indicating increasing market interest alongside rising on-chain activity.
- Recent analysis reveals that TRON's daily transaction volume has surpassed 8 million, showcasing significant growth from earlier this year and suggesting a strong user engagement that could impact market sentiment.
- The increase in non-exchange transactions on the TRON network, as well as record-high active address metrics, point towards a growing user base and heightened network activity, potentially setting TRX up for further gains in the future.
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TronWeekly
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Solana is Struggling to Break Resistance $164.50; Further Correction Might Happen
- Solana is facing resistance near $164.50, indicating a possible continuation of corrections.
- Analysts using Elliott Wave and Fibonacci analysis foresee a downward trend, with a potential fall to $143.50 support.
- RSI and MACD indicators suggest that the price bottom may not have been reached yet.
- There is heavy resistance at $164.50 for Solana ($SOL), and the market is currently in a correction phase, potentially extending towards the $143.50 support area.
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TronWeekly
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TRON (TRX) Price Poised for Reversal: Bull Flag Signals $0.50 Target in Sight
- TRX is showing a bullish flag pattern on the daily chart, signaling a potential significant upward movement.
- Analysts highlight key trade setups and targets at $0.41, $0.44, and $0.50 for TRX.
- A confirmed breakout above resistance could trigger strong buying pressure in the altcoin market.
- TRX is currently trading at $0.2677, with a market capitalization of $25.39B, and analysts are watching for a bullish reversal.
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TronWeekly
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Cardano (ADA) Faces Downside Pressure, Needs Break Above $0.68 to Bounce Back
- ADA is trading at $0.6283, down over 2% in a weak market sentiment with low volume.
- Price is below crucial levels such as the 9-period DEMA ($0.6493) and Bollinger midline ($0.6803).
- Failure to reclaim $0.6450 may lead to a retest of $0.6193 or a deeper drop towards $0.60.
- Resistance at $0.70-$0.84 is strong; ADA needs to break above $0.68 to regain momentum.
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TronWeekly
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Bitcoin’s 2024–2025 Cycle: Is This the Start of a New Market Trend?
- Bitcoin's four-year cycle, driven by halving events, continues to influence market trends consistently.
- The 2024–2025 cycle mirrors past patterns, with some corrections revealing distinct trends.
- Market suppressions in the Bitcoin market could be intentional, suggesting a deliberate approach by major players to extend the current bull cycle.
- Despite potential changes in the market dynamics, analysts observe similarities in the 2024–2025 cycle compared to previous cycles, emphasizing the continuation of recognized patterns.
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TronWeekly
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Binance Coin (BNB) Breaks Key Support at $640, Eyes Critical $600 Level
- Binance Coin (BNB) is trading at $634.85, showing a decline of 4.30% and has slipped below key support at $640.
- The resistance level near $697.84 is strong, with the critical support zone at $625.92–$600.
- A break below $625 could lead to further losses, targeting $600 as the next key level.
- BNB faces bearish momentum with increased volatility as it struggles around critical levels, with $625 acting as the last stronghold before a potential slide to $600.
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Bitcoinsensus
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Solana Faces Critical Resistance at $145—Can Bulls Take Control?
- Solana has experienced a 7% decline in the last 24 hours, currently trading at $145, along with other top cryptocurrencies.
- The $145 price level for Solana has historically been significant and is now a critical point, being closely watched by traders for potential support or resistance.
- After a major rally in April and subsequent decline, Solana is back near the $145 zone, with indicators like RSI showing potential 'oversold' levels and MACD signaling bearish momentum.
- Key points to monitor include trading volume, RSI trends, and MACD movements to determine whether Solana will hold above $145 for a potential rally or dip further into lower price ranges.
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TronWeekly
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Solana Tumbles Below $150: Key Levels to Watch in This Bearish Trend
- Solana (SOL) price tumbles by 7.09% to $144.29, marking a 14.33% weekly loss despite increased trading volume.
- Bearish technical indicators, such as RSI at 22.60 and ADX at 39.8, indicate a clear downward trend.
- Near-term bounce possible from $146 support level, but sustained recovery uncertain without key resistance breakouts at $153-$155.
- Long-term Solana price forecasts for 2025 vary, with predictions ranging from surpassing previous all-time highs to more conservative growth expectations.
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TronWeekly
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NEAR Protocol Dips to $2.46 — Why Analysts Predict a Surge to $6 Soon
- NEAR Protocol is currently trading at $2.46, experiencing a 2.83% dip in the last 24 hours and a weekly decline of 16.01% with trading volume down by 17.34% at $125.8 million.
- Analysts foresee a potential surge towards $6.00 despite current bearish trends, as technical indicators suggest a reversal pattern on the daily chart.
- Technical analysis reveals NEAR Protocol testing a descending channel's upper line, indicating stabilizing prices with a potential upward movement towards $6.00 expected by many traders.
- Short-term outlook remains cautious while longer-term predictions are more optimistic, with varying estimates projecting a recovery to around $5.39 by the end of the year and potential ROC figures for 2025 in the range of 11.1% to 16.6%.
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TronWeekly
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49
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Filecoin Price Prediction: FIL Falls Below $2.50, Eyes Critical $2.00 Support
- Filecoin (FIL) price dips to $2.36, marking a 7.77% decrease in 24 hours and approaching the critical support level of $2.00.
- The price breakdown below the consolidation range indicates renewed bearish momentum, with technical indicators like RSI and MACD pointing towards further downside.
- If the price falls below $2.00, Filecoin may move towards $1.80, last seen in early 2023, highlighting the increasing bearish pressure.
- Filecoin remains in a persistent downtrend following a failed rally in December 2024, with limited buying interest and ongoing bearish sentiment in the market.
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TronWeekly
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Ethereum Is Catching Wall Street’s Eye With Its Recent $743M ETF Inflow
- Ethereum ETF inflows have seen consistent inflow in the last 12 days with net gains of about $743.8 million.
- Institutional perception of Ethereum is shifting as asset managers view it as a gateway to Web3 and real-world asset tokenization.
- Despite skepticism, Ethereum's ETF inflows signal a possible shift in Wall Street's sentiment towards the cryptocurrency.
- Ethereum's programmable nature poses a challenge in framing its role for traditional investors compared to Bitcoin's 'digital gold' narrative.
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TronWeekly
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XRP Faces Growing Bearish Pressure, Critical Support at $2.06 Under Threat
- XRP has faced a 5.23% decline, showing increased bearish pressure and trading below key resistance levels.
- The price is close to the lower Bollinger Band, indicating higher volatility and a potential for further decline.
- Resistance between $2.28 and $2.30 is strong, while critical support lies at $2.06 to prevent significant losses.
- The short-term trend is bearish with a downward-sloping DEMA and lower highs and lows pattern.
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TronWeekly
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Trump Crypto Empire Faces Internal Feud Over Memecoin Rights
- Internal conflicts have arisen within Donald Trump's crypto business ventures, involving a legal dispute over a prominent memecoin.
- Trump questions the legality of President Biden's use of an autopen, alleging cognitive decline and unauthorized governance.
- Legal precedence and history undermine Trump's claims, portraying his efforts as politically motivated rather than legally justified.
- The controversies surrounding Trump's cryptocurrency ventures and autopen inquiry appear to be more about political theater than legal realities.
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Bitcoinsensus
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Coinbase Drops a Big One—Fartcoin Pumps While the Market Dumps
- Fartcoin was the only cryptocurrency in the top 100 by market capitalization to turn a profit on June 5th, gaining nearly 10% in value while Bitcoin and Ethereum faced losses.
- Even amidst a market downturn, Fartcoin outperformed other altcoins like XRP, Solana, Cardano, Dogecoin, Shiba Inu, and Pudgy Penguins.
- The surge in Fartcoin's value was fueled by Coinbase's announcement of adding Fartcoin to its listing roadmap, leading to increased investor interest and a positive price movement.
- Fartcoin has now recovered some losses from earlier in the month, trading at $1.04 with a market capitalization of $1.03 billion, showcasing resilience in a volatile memecoin market.
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TronWeekly
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410
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Whale Linked to Consensys Snaps Up $320M in ETH—What Comes Next?
- A whale wallet associated with Consensys purchased over $320 million worth of Ethereum tokens from Galaxy Digital.
- The purchased ETH was transferred to a new address labeled “0x0b2” and $120 million worth of ETH was staked through the Liquid Collective protocol.
- Consensys, a prominent Ethereum player, demonstrated institutional confidence by acquiring and staking a significant amount of ETH.
- The Ethereum price surged to $2,667.17 post-wallet transfer, indicating market response to the acquisition and staking activity.
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