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TronWeekly
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Shiba Inu (SHIB) Drops to $0.0000103 Amid Crypto Sell-Off and Geopolitical Risks
- Shiba Inu (SHIB) falls to around $0.0000103, decreasing by 6.36% in 24 hours and 13.6% weekly, with a market cap close to $6.07 billion.
- Token burns surged in 24 hours but dropped by 94.6% over the week, indicating varied supply reduction.
- SHIB trades below essential moving averages and support levels, potentially facing further decline without breaking resistance at $0.0000116.
- Geopolitical tensions contribute to broader crypto sell-offs, adding pressure on SHIB's performance.
- The market downturn affects major cryptocurrencies like Bitcoin and Ethereum due to escalating geopolitical tensions.
- Recent token burns show mixed activity, with over 27.8 million SHIB tokens burnt in the past 24 hours.
- While burns decreased by 94.6% in the last seven days, the total supply exceeds 589 trillion tokens.
- SHIB remains below crucial moving averages, implying continued bearish momentum in the market.
- Failure to hold support levels at around $0.0000112 and $0.0000116 increases the risk of further price drops for SHIB.
- Traders monitor the psychological support at $0.0000100, anticipating potential selling pressure if breached.
- To reverse the downtrend, SHIB needs to surpass resistance levels near $0.0000116 and $0.0000121, along with critical moving averages.
- Investors are advised caution due to SHIB's vulnerability to volatility and losses, requiring ongoing market analysis.
- Cautious trading is recommended for navigating the uncertainties surrounding SHIB's performance.
- SHIB faces challenges in reclaiming key technical levels and reversing its current market trajectory.
- Market participants are encouraged to monitor developments and indicators closely to make informed decisions.
- SHIB's performance remains uncertain amidst ongoing market fluctuations and external pressures.
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Coindoo
3w
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What to Expect in the Crypto Market Next Week
- Next week's crypto market trends will be influenced by macro-economic factors and geopolitical tensions, with attention on Iran's potential response to a U.S. airstrike.
- Bitcoin, Ethereum, XRP, and Solana saw a slump following the recent market-wide crash, with Bitcoin briefly dropping below $100,000.
- Regulatory developments, including the U.S. Senate passing the GENIUS Act, offer potential for more crypto-friendly legislation, while SEC scrutiny and Thailand's SEC blocking trading platforms pose regulatory risks.
- Institutional investments continue to flow into Bitcoin, impacting market dynamics.
- Key events to monitor next week include the Injective Summit on June 26 and U.S. economic data releases such as existing home sales, Consumer Confidence, and PCE prices.
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TronWeekly
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Binance Coin (BNB) Battles Resistance at $645, Eyes Breakdown to $620
- Binance Coin (BNB) is trading near $631.97, facing bearish pressure and weakening short-term structure.
- Seller control is strong, with rising volume during downward sessions.
- RSI and MACD indicators signal limited buyer interest and a dominant bearish setup.
- Key support is at $620, while resistance persists at $645.
- BNB struggles against sustained bearish momentum, trading at $631.97 with a market cap of $89.03 billion.
- Bearish sentiments prevail with repeated failed attempts at holding upper price bands.
- Increased selling pressure is reflected in a string of red candlesticks and rising trading volume.
- Technical indicators on the 4-hour time frame show no immediate relief for BNB, with widening Bollinger Bands.
- RSI at 35.40 and MACD signal a prolonged bearish trend.
- Resistance is observed at $645, with the next target at $620, a crucial support level.
- Recovery requires recapturing the middle Bollinger level with developing momentum on RSI and MACD.
- Sellers dominate in the short term, maintaining high volatility in upcoming sessions.
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Coindoo
3w
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Pi Coin Dips to Almost All-Time Low
- Pi Coin's value has dipped to nearly an all-time low, trading around $0.47798 on Gate.io.
- The recent price action indicates a significant drop from a range of $0.60-0.65 to a lower consolidation zone.
- Although a slight gain of +0.49% was observed, the overall trend reflects substantial depreciation.
- The downward pressure suggests active selling or market skepticism as Pi Coin is still in a development phase.
- Pi Network is currently in an 'enclosed mainnet' phase, with Pi not directly tradable on major exchanges yet.
- Market listings on platforms like Gate.io are IOU contracts, adding to Pi Coin's volatility.
- Despite market challenges, Pi Network signals future plans, hinting at integrating Generative Artificial Intelligence (GenAI).
- A major announcement regarding GenAI is expected on Pi2Day, June 28, 2025, highlighting the project's strategic focus.
- The speculation-driven low price contrasts with active project development, creating uncertainty about Pi Coin's true value.
- As the community awaits the GenAI reveal, the upcoming days will be crucial in determining the coin's market trajectory.
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TronWeekly
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XRP Bears Take Control as Price Drops Below $2 on Rising Israel-Iran Conflict
- XRP's price drops below $2, signaling bearish momentum.
- Market trend is downward with XRP falling below major moving averages and support zones.
- Geopolitical tensions between Israel and Iran contribute to the crypto sell-off affecting XRP as well.
- Key support levels for XRP are identified at $1.80 and $1.60 with no clear reversal signals yet.
- Recent market downturn impacts major cryptocurrencies like Bitcoin and Ethereum.
- XRP breaks through vital support levels affirming a bearish market sentiment.
- Crossing below key moving averages indicates downtrends across short, medium, and long-term periods.
- Technical analysis points to a potential short-term bounce due to oversold RSI, but no bullish reversal patterns are identified.
- Selling pressure in XRP market supported by strong participation reflected in volume analysis.
- Next support levels for XRP anticipated at $1.80 and $1.60 based on previous price movements.
- Caution advised for traders with bearish pressure expected on XRP in the short and long term.
- XRP's price decline occurs amidst a competitive ETF race with approval chances reportedly at 95%.
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TronWeekly
3w
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TRON Eyes Potential Upside With Strong Target Around $0.290
- TRON is currently trading at $0.2729 with a 24-hour trading volume of over $579.93 million.
- The price has remained stable with a slight weekly gain of around 1%.
- Technical indicators suggest consolidation and hint at a potential breakout formation.
- Resistance is noted near $0.285, while support is holding around $0.270, defining a narrow trading channel.
- TRON's market capitalization stands at $25.88 billion.
- The price surge towards $0.290 faced resistance, leading to the current trading range between $0.270 and $0.285.
- TRX has been consolidating with low volume and reduced volatility, indicating indecision among traders.
- Technical patterns on the 4-hour chart support the consolidation scenario, with resistance near $0.27589 and support at $0.27136.
- The RSI stands at 48.66, reflecting market equilibrium, while the MACD shows weak momentum, suggesting a potential breakout.
- Analysts expect an upside breakout if TRON clears above $0.276, targeting price ranges between $0.285 and $0.290.
- A failure to maintain above $0.270 could lead to a test of lower support levels around $0.265.
- Traders are monitoring closely for signs of a potential breakout in the short term.
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Bitcoinsensus
3w
429
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Why Crypto Art and NFTs Are the Hottest Digital Revolution of Our Time
- The legal battle between Metallica and Napster in 2000 marked the start of the online piracy debate.
- Crypto art and NFTs provide artists with ownership proof and a way to monetize their work in a digital world.
- NFTs allow digital artists to sell directly to collectors, democratizing art access and revenue streams.
- The rise of NFTs has shifted the art world dynamics, empowering artists to build their collector base independently.
- NFTs enable artists to earn royalties from resales automatically, revolutionizing how artists make money from their work.
- Blockchain technology ensures transparency and authenticity in digital art through unique tokens tied to artworks.
- NFTs offer artists control over pricing, editions, and royalties without traditional art market dependencies.
- Artists can leverage NFTs for primary sales, royalties, commissioned works, brand collaborations, and generative collections.
- NFTs bring global reach, decentralization, and recurring revenue opportunities to artists selling their work.
- NFTs have transformed the art industry, fostering a more inclusive and transparent creative economy.
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TronWeekly
3w
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Polkadot Price Analysis: DOT Eyes $6.50 if Support Holds
- Polkadot (DOT) is testing major support within a descending triangle near the $3.25–$3.28 range.
- A rebound from this support could target resistance levels at $3.80, $4.30, $5.40, and $6.50.
- A breakdown below $2.50–$2.80 may lead to a decline towards $2.00.
- Technical and fundamental signals, like the JAM upgrade, hint at a possible upward reversal.
- DOT's current trading volume is $205.91 million, with a market cap of $5.21 billion.
- The cryptocurrency is confirming bottom support of a descending triangle formation on the daily chart.
- The triangle's base ranges from $2.50 to $2.80, where past buying interest was seen.
- A bounce off $2.50–$2.80 support could lead to an upward trend, targeting $3.80 and beyond.
- A surge to $6.50, 150% above the current level, is the most optimistic scenario.
- Ecosystem developments like the JAM upgrade could boost sentiment and attract buyers.
- Bitcoin market trends could influence Polkadot's price in the future.
- Exiting the descending triangle's support zone may pose risks for Polkadot.
- Traders should monitor daily volume and indicators for breakout confirmation.
- A swift movement might occur due to lower time frame breakthroughs.
- The article discusses potential scenarios for Polkadot's price movement and importance of technical analysis.
- Polkadot's performance hinges on key support and resistance levels in the near term.
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TronWeekly
3w
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Ethereum Whales Cash Out Again as Price Correction Looms
- Ethereum whales are engaging in a second major profit-taking round, raising concerns about short-term price momentum.
- Data from CryptoQuant shows wallets holding over 100,000 ETH actively reducing their exposure through large-scale distribution.
- Increased whale selling is adding market supply, potentially creating downward price pressure if demand weakens.
- This latest profit-taking by Ethereum whales suggests a cautious outlook on Ethereum's ability to deliver significant short-term upside.
- The actions of these major holders reflect a move to lock in profits after periods of favorable price appreciation.
- Whales selling substantial amounts of Ethereum inject additional supply into the market, potentially limiting near-term growth.
- While not predicting an immediate price drop, repeated whale profit-taking serves as a cautionary indicator for retail traders.
- Whale behavior introduces volatility and uncertainty into the market.
- The fact that whales executed two profit-taking rounds in succession indicates a focus on optimizing positions rather than rapid price appreciation.
- Market watchers will monitor whether this trend of distribution continues in the days and weeks ahead.
- Persistent or intensified whale selling could pose resistance to significant upward price moves for Ethereum.
- Ethereum remains in a delicate position between ongoing bullish interest and short-term caution.
- Investors are advised to closely monitor on-chain metrics, whale activity, and broader market sentiment.
- Whale behavior does not always lead to immediate or dramatic price corrections but adds a layer of volatility to the market.
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TronWeekly
3w
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Crypto Market Suffers Sharp Losses as US Enters Iran-Israel Conflict With Direct Strikes
- US airstrikes on Iranian nuclear sites cause a sharp sell-off in the global crypto market.
- Bitcoin briefly dips below $103K, while altcoins like ETH and ADA suffer 5-10% losses.
- Over $670 million in crypto liquidations recorded as market volatility surges.
- US conducts targeted airstrikes on Iranian nuclear facilities in an escalation of the Iran-Israel conflict.
- President Trump confirms the strikes on Fordow, Natanz, and Esfahan.
- Crypto assets face heavy liquidations and price declines due to the geopolitical tensions.
- Ethereum (ETH) falls over 5%, Cardano (ADA) drops 6%, and AI-related tokens plunge nearly 10%.
- Bitcoin briefly slips to $102,500 amidst market turbulence but rebounds above $103,000.
- Bitcoin's price resilience is tested, and analysts warn of the $100,000 psychological support level.
- Total crypto derivatives liquidations exceed $670 million in the past 24 hours.
- Market sentiment remains cautious amid potential Iranian retaliation and US military threats.
- Geopolitical risks contribute to heightened volatility in the crypto market.
- Traders face uncertainty as digital assets become intertwined with global politics.
- Crypto market braces for further instability as tensions rise.
- Investors weigh potential buying opportunities against the risk of deeper corrections.
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TronWeekly
3w
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HBAR Drops 11%, But Analysts Predict Major Rebound. Here’s Why
- Hedera's native token HBAR has experienced a recent drop of 11.31% over the past week, currently trading at $0.1374.
- Analysts predict a potential bullish reversal pattern as the price stabilizes around $0.1449, with a target of $0.181 if it surpasses $0.151.
- Technical indicators like MACD and RSI support a positive momentum shift, with increasing buying activity.
- The moving average crossover signals a potential trend shift, indicating a bullish sentiment.
- Rising volume bars during breakout attempts suggest growing momentum traders' participation.
- Long-term forecasts for HBAR show optimistic projections, with predictions of reaching above $0.30 by 2025 and a possible ROI of 36.2%.
- Despite short-term struggles, expectations for a bullish breakout in late June are supported by technical analysis.
- Investor caution is advised, but the groundwork appears to be set for a potential price rebound.
- Overall, analysts are optimistic about HBAR's future growth potential despite recent fluctuations.
- HBAR trading between $0.1780 and $0.2052 is expected, with an average near $0.1840.
- Technical thresholds need to be surpassed for short-term gains, with the possibility of a price increase towards $0.181.
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Coindoo
3w
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Nearly $900 Million in Crypto Liquidations as Leveraged Traders Face a “Rekt” Market
- Over $874.59 million in crypto futures contracts were liquidated, affecting 227,811 traders.
- Majority of liquidations were from 'long' positions, totaling $778.41 million, compared to $96.18 million in short liquidations.
- Liquidations were distributed across different timeframes, with significant amounts in 1 hour, 4 hours, and 12 hours.
- Bitcoin's price volatility led to closures of leveraged positions, causing 'rekt' events.
- Largest single liquidation of $9.15 million occurred on the HTX exchange with an ETH-USDT position.
- Mass liquidations can catalyze further price drops as assets are automatically sold off.
- This event emphasizes the risks of leveraged trading in cryptocurrency markets.
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Coindoo
3w
105
Image Credit: Coindoo
Binance Spot Volume Surges, Signals Potential Bitcoin Price Upside
- Binance's Bitcoin spot volume has surged, surpassing all other exchanges, including Coinbase.
- Such volume dominance historically precedes positive price movements for Bitcoin, sparking optimism among traders for a bullish breakout.
- The increasing spot volume on Binance indicates a centralization of liquidity, holding significant market-moving implications.
- The volume ratio between Binance and other exchanges is approaching a positive crossover, usually followed by upward Bitcoin price trends.
- This trend reflects renewed interest from retail and institutional investors, suggesting stronger conviction in market buys.
- Binance's dominance in spot volume signifies concentration of liquidity, cleaner price discovery, and increased confidence during market uncertainties.
- The focus on spot volume rather than derivatives may indicate genuine buying demand rather than speculative leverage.
- The data suggests that Binance's resurgence in Bitcoin spot trading could signal a potential uptrend for Bitcoin, as per CryptoQuant.
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TronWeekly
3w
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Trump-Linked Wallet Moves About $32.8M in $TRUMP Tokens to Binance
- A wallet linked to the $TRUMP token team transferred a total of 12.54 million $TRUMP tokens worth around $150.68 million to exchanges like Binance, OKX, and Bybit recently.
- $TRUMP token has faced bearish pressure and is currently trading at $9.08 with a 2.4% 24-hour price drop.
- A wallet associated with the $TRUMP team moved approximately 3.527 million $TRUMP tokens valued at about $32.8 million to Binance, gaining attention in the crypto space.
- The wallet connected to the $TRUMP token team made several large transfers to exchanges, raising questions about the timing, intent, and future plans behind the transactions.
- Wallets linked to the $TRUMP team deposited a total of 12.54 million $TRUMP tokens, equivalent to $150.68 million, to exchanges in four separate batches from April 28 onwards.
- $TRUMP token has been struggling with upward momentum as investors continue selling, with indicators suggesting a possible short-term sideways movement and potential support at $9.21.
- The $TRUMP token is currently trading at $9.08, experiencing a 2.4% drop in the last 24 hours, impacting trading volumes over the past 7-30 days.
- There are varied predictions about the $TRUMP token's future value, with some expecting it to reach $30–$50 or even surpass $100.
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Coindoo
3w
203
Image Credit: Coindoo
USA Joins the War With Iran: Crypto Market Crashes
- President Donald Trump has declared strikes a success, warning of 'far greater' force if Iran retaliates, escalating tensions.
- Domestic reaction in the US is divided with calls for impeachment and defense of action against Iran's nuclear ambitions.
- Internationally, leaders expect potential retaliation beyond direct military action, like cyberattacks or disruptions to global oil supply routes.
- Approximately 40,000 US troops in the region raise concerns for further escalation.
- In the crypto space, mentions of 'Iran' surged, impacting the market.
- Bitcoin initially stable, but broader crypto market has since seen significant downturns over the past week.
- Ethereum fell by nearly 10%, Solana by 7.34%, Bitcoin by 2.48%, XRP and BNB also recorded losses.
- Analysts monitoring geopolitical situation and crowd's reaction in the crypto community to assess market impact.
- Sustained impact on market dynamics to be revealed in the coming days and weeks.
- Geopolitical tensions between US and Iran to shape investor sentiment and crypto market trajectory.
- Crypto Market Crashes in response to USA joining war with Iran.
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