LIVEVladislav Hryniv
@vlad_hryniv
Web3 | Crypto | Blockchain
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$FET Price Prediction: Sideways Going Ahead - BeinCrypto Analytics
Following the recent decline that brought FET down from $2.2 to $1.2, the conviction took a hit. Mean Coin Age marked a sharp drop, which is now turning into an uptick. The former is an indication of token movement among addresses, while the latter suggests HODLing.
However, even if the investors are HODLing, they are not too impressed by the current market conditions. Their sentiment towards FET remains bearish still, with the intensity even reaching yearly lows.
This bearishness, coupled with the bullishness arising from FET HODLing, paints a bearish-neutral outlook.
Given the aforementioned cues, Fetch.ai’s price at $1.2 will likely consolidate going forward. The potential limits of this sideways momentum will be $1.7 and $1.0.
These levels have been tested as supportive in the past and resistant more recently. Thus, until the ASI formation takes place in July, the altcoin will remain stuck in these limits.
But if the volatility of the crypto market graces FET, an uptick in price can be expected. If this leads to a breakout from the upper limit of the consolidation, the bearish-neutral thesis would be invalidated.
Following the recent decline that brought FET down from $2.2 to $1.2, the conviction took a hit. Mean Coin Age marked a sharp drop, which is now turning into an uptick. The former is an indication of token movement among addresses, while the latter suggests HODLing.
However, even if the investors are HODLing, they are not too impressed by the current market conditions. Their sentiment towards FET remains bearish still, with the intensity even reaching yearly lows.
This bearishness, coupled with the bullishness arising from FET HODLing, paints a bearish-neutral outlook.
Given the aforementioned cues, Fetch.ai’s price at $1.2 will likely consolidate going forward. The potential limits of this sideways momentum will be $1.7 and $1.0.
These levels have been tested as supportive in the past and resistant more recently. Thus, until the ASI formation takes place in July, the altcoin will remain stuck in these limits.
But if the volatility of the crypto market graces FET, an uptick in price can be expected. If this leads to a breakout from the upper limit of the consolidation, the bearish-neutral thesis would be invalidated.
ترجمة
$DOGE 8% jump: Does it signal an end to the bear trend? - AMBCrypto Analytics
Dogecoin [DOGE] has been on a wild ride over the past four weeks. As the broader cryptocurrency market witnessed volatility, DOGE was also engulfed in the price swings, leaving investors concerned about its future.
DOGE’s price has dropped by 32% in the last two weeks. The descending trendline indicates a bearish market.
However, the recent price movements suggest a potential bullish reversal as the price has surged by 8% in the last 24 hours.
Dogecoin was trading at an average price of $0.1247 at press time. Its 24 hour trading volume stood at around $851.62 million, with a market cap of $18.03 billion.
The stochastic RSI indicates an oversold zone, which could precede a bullish reversal. However, the moving average convergence divergence indicator shows fading bearish momentum, as the recent bearish bars are fading with time.
Dogecoin [DOGE] has been on a wild ride over the past four weeks. As the broader cryptocurrency market witnessed volatility, DOGE was also engulfed in the price swings, leaving investors concerned about its future.
DOGE’s price has dropped by 32% in the last two weeks. The descending trendline indicates a bearish market.
However, the recent price movements suggest a potential bullish reversal as the price has surged by 8% in the last 24 hours.
Dogecoin was trading at an average price of $0.1247 at press time. Its 24 hour trading volume stood at around $851.62 million, with a market cap of $18.03 billion.
The stochastic RSI indicates an oversold zone, which could precede a bullish reversal. However, the moving average convergence divergence indicator shows fading bearish momentum, as the recent bearish bars are fading with time.
ترجمة
$ZK Price Prediction: Will ZK Price Hit the $2 Level Soon? - CoinEdition Analytics
The Stochastic RSI indicator on the 30-minute chart for zkSync (ZK) shows a recent uptick in momentum. As of the latest data point, the Stochastic RSI values are K=87.69 and D=93.36. These high values indicate that zkSync is currently in an overbought condition, suggesting potential for a price pullback or stabilization.
The sharp rise in the Stochastic RSI to near the 100 level reflects strong buying pressure, possibly due to positive market sentiment or speculative trading around zkSync. This could mean short-term gains for holders but also raises the likelihood of volatility.
Additionally, the MACD (Moving Average Convergence Divergence) indicator on the 30-minute chart for zkSync (ZK) shows a bullish signal, with the MACD line (blue) at 0.00186045 above the signal line (orange) at 0.0013771. This indicates increasing upward momentum in the price movement of ZK.
Recent histogram bars are positive and increasing in size, suggesting that the bullish trend is strengthening. The MACD values are moving further away from the zero line, which typically represents stronger bullish sentiment in the market.
Consequently, the Money Flow Index (MFI) on the 30-minute chart for zkSync (ZK) shows a value of 71.19. This indicates that the market is nearing overbought conditions, suggesting that buying pressure has been dominant but may soon face resistance as the market could be perceived as overvalued at these levels.
Moreover, the MFI being above 70 typically hints at potential for a price correction if buyers begin to pull back. This indicator, coupled with a stable price movement, suggests that while the buying momentum is strong, traders should be cautious of potential volatility or reversals.
The Stochastic RSI indicator on the 30-minute chart for zkSync (ZK) shows a recent uptick in momentum. As of the latest data point, the Stochastic RSI values are K=87.69 and D=93.36. These high values indicate that zkSync is currently in an overbought condition, suggesting potential for a price pullback or stabilization.
The sharp rise in the Stochastic RSI to near the 100 level reflects strong buying pressure, possibly due to positive market sentiment or speculative trading around zkSync. This could mean short-term gains for holders but also raises the likelihood of volatility.
Additionally, the MACD (Moving Average Convergence Divergence) indicator on the 30-minute chart for zkSync (ZK) shows a bullish signal, with the MACD line (blue) at 0.00186045 above the signal line (orange) at 0.0013771. This indicates increasing upward momentum in the price movement of ZK.
Recent histogram bars are positive and increasing in size, suggesting that the bullish trend is strengthening. The MACD values are moving further away from the zero line, which typically represents stronger bullish sentiment in the market.
Consequently, the Money Flow Index (MFI) on the 30-minute chart for zkSync (ZK) shows a value of 71.19. This indicates that the market is nearing overbought conditions, suggesting that buying pressure has been dominant but may soon face resistance as the market could be perceived as overvalued at these levels.
Moreover, the MFI being above 70 typically hints at potential for a price correction if buyers begin to pull back. This indicator, coupled with a stable price movement, suggests that while the buying momentum is strong, traders should be cautious of potential volatility or reversals.
ترجمة
Is This The Best Time To Buy $SOL ? - NewsBTC Analytics
Even amid this deep retracement, Raol Pal, a macro analyst, thinks this is the best time for investors and traders to consider Solana. In a post on X, Pal said traders may look at loading the coin, citing the candlestick arrangement in the daily chart.
Looking at the SOLUSDT chart, it is clear that the coin is moving sideways and inside a broader flag after the spike to over $200 in March. However, what’s emerging amid the cool-off is that the zone between $120 and $125 is a support to watch out for.
At press time, SOL is changing hands at around $130, down approximately 40% from the March 2024 highs. If bears of late May 2024 press on, it will be interesting to see how prices will react at this level.
From Pal’s position, the analyst expects prices to bounce back from this level and resume the uptrend from last year. The problem is that there won’t be any guarantee that prices will shoot higher from this support zone.
Technically, a close above $190 and preferably $190, could mark the resumption of the next leg up, quashing bears.
Even amid this deep retracement, Raol Pal, a macro analyst, thinks this is the best time for investors and traders to consider Solana. In a post on X, Pal said traders may look at loading the coin, citing the candlestick arrangement in the daily chart.
Looking at the SOLUSDT chart, it is clear that the coin is moving sideways and inside a broader flag after the spike to over $200 in March. However, what’s emerging amid the cool-off is that the zone between $120 and $125 is a support to watch out for.
At press time, SOL is changing hands at around $130, down approximately 40% from the March 2024 highs. If bears of late May 2024 press on, it will be interesting to see how prices will react at this level.
From Pal’s position, the analyst expects prices to bounce back from this level and resume the uptrend from last year. The problem is that there won’t be any guarantee that prices will shoot higher from this support zone.
Technically, a close above $190 and preferably $190, could mark the resumption of the next leg up, quashing bears.
ترجمة
$NOT Price Struggles, Fails to Break Downtrend - BeinCrypto Analytics
Notcoin’s price is currently in a downtrend, and despite an attempt to break out of it, not much has changed. The consequent shift in sentiment among NOT holders is now becoming much clearer.
Nevertheless, the altcoin will be safe from falling below the support at $0.015 since the Telegram Coin’s short-term outlook is bullish.
The Moving Average Convergence Divergence (MACD) indicates that Notcoin is experiencing a bullish crossover in a short-term timeframe. This technical signal typically suggests a potential upward momentum as the MACD line crosses above the signal line, hinting at a possible increase in buying pressure and a positive shift in market sentiment for Notcoin.
However, despite this bullish indicator, investors remain pessimistic about a recovery. They are leaning towards a decline, as evidenced by the negative funding rate for the first time this month.
For now, Notcoin’s price is safe from losing the critical support of $0.015. It will likely move sideways under $0.018 until it gains enough momentum to chart a rally again.
The downtrend line that NOT has been under for weeks now before the fake-out will come into effect again. If the Telegram Coin breaches this line, the altcoin can expect a more bullish outcome.
However, if the investors’ decision to stay bearish remains unchanged, there is a good chance that Notcoin could fall below the support of $0.015. Losing it would not only invalidate the bullish thesis but also mark lower lows for NOT around $0.014 and $0.013.
Notcoin’s price is currently in a downtrend, and despite an attempt to break out of it, not much has changed. The consequent shift in sentiment among NOT holders is now becoming much clearer.
Nevertheless, the altcoin will be safe from falling below the support at $0.015 since the Telegram Coin’s short-term outlook is bullish.
The Moving Average Convergence Divergence (MACD) indicates that Notcoin is experiencing a bullish crossover in a short-term timeframe. This technical signal typically suggests a potential upward momentum as the MACD line crosses above the signal line, hinting at a possible increase in buying pressure and a positive shift in market sentiment for Notcoin.
However, despite this bullish indicator, investors remain pessimistic about a recovery. They are leaning towards a decline, as evidenced by the negative funding rate for the first time this month.
For now, Notcoin’s price is safe from losing the critical support of $0.015. It will likely move sideways under $0.018 until it gains enough momentum to chart a rally again.
The downtrend line that NOT has been under for weeks now before the fake-out will come into effect again. If the Telegram Coin breaches this line, the altcoin can expect a more bullish outcome.
However, if the investors’ decision to stay bearish remains unchanged, there is a good chance that Notcoin could fall below the support of $0.015. Losing it would not only invalidate the bullish thesis but also mark lower lows for NOT around $0.014 and $0.013.
ترجمة
Weekend Recap:Solana’s Loyalty Platform,Buterin Backs TiTok AI,XLink Partners Fireblocks and Ancilia
Elon Musk’s social network X is not doing “enough” to prevent the spread of cryptocurrency fraud on the platform. Such an opinion was shared by Binance co-founder Yi He, who recently asked how the billionaire owner is going to deal with this problem. However, this was not the hottest news of the week.
Buterin Supports TiTok AI
Ethereum co-founder Vitalik Buterin has endorsed TiTok AI for its potential application in the blockchain. We are not talking about the social network TiTok but about Token for Image Tokenizer, a new method of image compression that makes them more practical for storing on the blockchain.
On his Warpcast account, Buterin called the image compression method a new way of “encoding a profile photo.” He also noted: “320 bits is a hash. Small enough to go on chain for every user.”
The co-founder became interested in the method after reading a post in X published by Ethan, a researcher at Leonardo AI, an artificial intelligence-based image creation platform. The author described how the technology could help those interested in reinterpreting the high-frequency details of images to successfully encode complex visual objects into 32 tokens. For his part, Buterin expressed an opinion on how much easier it would make it for developers and creators to create profile images and non-fungible tokens (NFTs).
TiTok AI, developed in collaboration between ByteDance and the University of Munich, is characterized as an innovative one-dimensional tokenization framework that is significantly different from the dominant two-dimensional methods in use. The White Paper of the project describes the challenges faced by previous image tokenization methods such as VQGAN.
TiTok, using artificial intelligence, plans to overcome this problem with technologies that efficiently convert images into one-dimensional hidden sequences to provide a “compact hidden representation” and eliminate redundant regions.
AI is Now on TikTok
The social network TikTok may soon be filled with ads with “digital avatars” created by artificial intelligence. On June 17, the platform announced the expansion of its Symphony advertising package with “stock avatars” and “artificial dubbing” functions.
According to TikTok, all avatars are created from videos of real paid actors licensed for commercial use. In addition, users will be able to use “voice and accent” to read the script voiced on the avatar using artificial intelligence.
The attached video demonstrates how the tool converts text into voiceover and can dub actors with voices in several languages, trying to imitate mouth movements in each language. The script itself can also be generated using artificial intelligence. The feature supports ten languages and dialects, including English, Spanish, Japanese, and Korean. The tool detects the language used and duplicates it in the user’s target language.
Today, artificial intelligence technology is becoming increasingly widespread. Influential companies are integrating AI into their operations to increase efficiency, optimize processes, and develop innovative products and services. One example is Microsoft, which has a multimillion-dollar partnership with OpenAI, the company behind the development of the famous ChatGPT chatbot. Their partnership aims to develop and promote cutting-edge research in this area and democratize AI as a new tool for companies and organizations in various industries.
One of the largest crypto exchanges in Europe, WhiteBIT, also uses artificial intelligence in its operations. In particular, to analyze big data, market trends, user behavior, transaction processing, etc. The financial company JPMorgan Chase also announced the use of artificial intelligence in its work. In particular, they use a neural network to obtain information about potential investments and speed up decision-making. Moreover, the head of the bank’s asset and wealth management department, Mary Erdos, recently spoke about the implementation of engineering training for new employees to work with artificial intelligence.
XLink Onboards Fireblocks, Ancilia to Prevent Hacks
Following a recent security breach that stole $10 million in user funds, XLink, a Bitcoin bridge by Alex Lab, has partnered with Fireblocks and Ancilia. According to the company, the collaboration with Fireblocks will allow it to implement multi-party computing (MPC) technology to manage XLink’s wallet and smart contracts.
Chiente Hsu, CEO and co-founder of Alex told Cointelegraph: “[The] partnership with Fireblocks will implement two of three multiparty computation wallets to hold all these user assets, with one key held by the validator network of Bitcoin Oracle (that validates the XLink bridging events), another key held by Fireblocks and the last key held by Coincover who provides the disaster recovery service.”
At the same time, the partnership with Ancilia will help ensure continuous monitoring and real-time threat detection, offering instant alerts and proactive measures to prevent hacks.
Hsu explained that the “source of the hack” was the leak of a private key with “administrator access” to a smart contract that stores users’ assets. He also added that the cooperation will maximize the security of users’ assets, which they have been planning for some time, but the recent incident has accelerated this process.
Funding for Crypto Startups Exceeded $100 Billion
The total amount of funding for crypto startups has crossed the $100 billion mark. According to DefiLlama, since the end of May 2014, crypto projects have raised $101.36 billion in 5287 investment rounds.
A noticeable peak occurred in October 2021, when funding amounted to more than $7 billion. No other month has come close to this figure, although February 2022 – $3.67 billion – was the second highest in history.
The 2023 study shows that almost half of all funding comes from US investors, followed by the UK and Singapore. At the end of 2023 and in the first half of 2024, several high-profile funding rounds took place, further strengthening investor confidence. Specifically, Together.AI, Wormhole, Totter, and Eigenlayer received significant investments of more than $100 million each.
Solana Labs Debuts Blockchain Loyalty Platform
Solana Labs has announced the launch of Bond, a platform designed to increase customer engagement through direct customer interactions, digital collectibles, and more. In its publication, the company notes that Bond will provide brands, including non-cryptocurrency brands, with a platform “to create personalized, transparent, and engaging digital experiences that deepen customer connections and foster long-term loyalty.”
In addition, the technology will be able to eliminate the “critical limitations” of modern loyalty programs, namely the loss of connection with the end user if the product is ever resold or given away. The company promises that brands will not be required to have experience with blockchain, as the service will be available through a single application programming interface.
The platform uses the Solana blockchain to create collectible “digital twins” and limited edition products complemented by their real-life models to “encourage repeat purchases and increase overall customer value.”
By using digital product identification, customers can verify the authenticity of a product, and brands can track their items even if they are subsequently resold or given away.
$SOL
Buterin Supports TiTok AI
Ethereum co-founder Vitalik Buterin has endorsed TiTok AI for its potential application in the blockchain. We are not talking about the social network TiTok but about Token for Image Tokenizer, a new method of image compression that makes them more practical for storing on the blockchain.
On his Warpcast account, Buterin called the image compression method a new way of “encoding a profile photo.” He also noted: “320 bits is a hash. Small enough to go on chain for every user.”
The co-founder became interested in the method after reading a post in X published by Ethan, a researcher at Leonardo AI, an artificial intelligence-based image creation platform. The author described how the technology could help those interested in reinterpreting the high-frequency details of images to successfully encode complex visual objects into 32 tokens. For his part, Buterin expressed an opinion on how much easier it would make it for developers and creators to create profile images and non-fungible tokens (NFTs).
TiTok AI, developed in collaboration between ByteDance and the University of Munich, is characterized as an innovative one-dimensional tokenization framework that is significantly different from the dominant two-dimensional methods in use. The White Paper of the project describes the challenges faced by previous image tokenization methods such as VQGAN.
TiTok, using artificial intelligence, plans to overcome this problem with technologies that efficiently convert images into one-dimensional hidden sequences to provide a “compact hidden representation” and eliminate redundant regions.
AI is Now on TikTok
The social network TikTok may soon be filled with ads with “digital avatars” created by artificial intelligence. On June 17, the platform announced the expansion of its Symphony advertising package with “stock avatars” and “artificial dubbing” functions.
According to TikTok, all avatars are created from videos of real paid actors licensed for commercial use. In addition, users will be able to use “voice and accent” to read the script voiced on the avatar using artificial intelligence.
The attached video demonstrates how the tool converts text into voiceover and can dub actors with voices in several languages, trying to imitate mouth movements in each language. The script itself can also be generated using artificial intelligence. The feature supports ten languages and dialects, including English, Spanish, Japanese, and Korean. The tool detects the language used and duplicates it in the user’s target language.
Today, artificial intelligence technology is becoming increasingly widespread. Influential companies are integrating AI into their operations to increase efficiency, optimize processes, and develop innovative products and services. One example is Microsoft, which has a multimillion-dollar partnership with OpenAI, the company behind the development of the famous ChatGPT chatbot. Their partnership aims to develop and promote cutting-edge research in this area and democratize AI as a new tool for companies and organizations in various industries.
One of the largest crypto exchanges in Europe, WhiteBIT, also uses artificial intelligence in its operations. In particular, to analyze big data, market trends, user behavior, transaction processing, etc. The financial company JPMorgan Chase also announced the use of artificial intelligence in its work. In particular, they use a neural network to obtain information about potential investments and speed up decision-making. Moreover, the head of the bank’s asset and wealth management department, Mary Erdos, recently spoke about the implementation of engineering training for new employees to work with artificial intelligence.
XLink Onboards Fireblocks, Ancilia to Prevent Hacks
Following a recent security breach that stole $10 million in user funds, XLink, a Bitcoin bridge by Alex Lab, has partnered with Fireblocks and Ancilia. According to the company, the collaboration with Fireblocks will allow it to implement multi-party computing (MPC) technology to manage XLink’s wallet and smart contracts.
Chiente Hsu, CEO and co-founder of Alex told Cointelegraph: “[The] partnership with Fireblocks will implement two of three multiparty computation wallets to hold all these user assets, with one key held by the validator network of Bitcoin Oracle (that validates the XLink bridging events), another key held by Fireblocks and the last key held by Coincover who provides the disaster recovery service.”
At the same time, the partnership with Ancilia will help ensure continuous monitoring and real-time threat detection, offering instant alerts and proactive measures to prevent hacks.
Hsu explained that the “source of the hack” was the leak of a private key with “administrator access” to a smart contract that stores users’ assets. He also added that the cooperation will maximize the security of users’ assets, which they have been planning for some time, but the recent incident has accelerated this process.
Funding for Crypto Startups Exceeded $100 Billion
The total amount of funding for crypto startups has crossed the $100 billion mark. According to DefiLlama, since the end of May 2014, crypto projects have raised $101.36 billion in 5287 investment rounds.
A noticeable peak occurred in October 2021, when funding amounted to more than $7 billion. No other month has come close to this figure, although February 2022 – $3.67 billion – was the second highest in history.
The 2023 study shows that almost half of all funding comes from US investors, followed by the UK and Singapore. At the end of 2023 and in the first half of 2024, several high-profile funding rounds took place, further strengthening investor confidence. Specifically, Together.AI, Wormhole, Totter, and Eigenlayer received significant investments of more than $100 million each.
Solana Labs Debuts Blockchain Loyalty Platform
Solana Labs has announced the launch of Bond, a platform designed to increase customer engagement through direct customer interactions, digital collectibles, and more. In its publication, the company notes that Bond will provide brands, including non-cryptocurrency brands, with a platform “to create personalized, transparent, and engaging digital experiences that deepen customer connections and foster long-term loyalty.”
In addition, the technology will be able to eliminate the “critical limitations” of modern loyalty programs, namely the loss of connection with the end user if the product is ever resold or given away. The company promises that brands will not be required to have experience with blockchain, as the service will be available through a single application programming interface.
The platform uses the Solana blockchain to create collectible “digital twins” and limited edition products complemented by their real-life models to “encourage repeat purchases and increase overall customer value.”
By using digital product identification, customers can verify the authenticity of a product, and brands can track their items even if they are subsequently resold or given away.
$SOL
ترجمة
$ADA Price Remains In Negative Zone - NewsBTC Analytics
In the past few days, Cardano started a downward move like Bitcoin and Ethereum after it failed to clear the $0.450 resistance. ADA dipped below the $0.400 support and tested the $0.360 zone.
A low was formed at $0.360 and the price is now correcting losses. There was a minor recovery wave above the $0.3750 zone. The price climbed above the 50% Fib retracement level of the downward move from the $0.4204 swing high to the $0.3600 low.
There is also a connecting bullish trend line forming with support at $0.3760 on the hourly chart of the ADA/USD pair. However, the price faces many hurdles on the upside.
ADA is still trading below $0.400 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $0.3980 zone or the 61.8% Fib retracement level of the downward move from the $0.4204 swing high to the $0.3600 low.
The first resistance is near $0.400. The next key resistance might be $0.410. If there is a close above the $0.410 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.4250 region. Any more gains might call for a move toward $0.450.
If Cardano’s price fails to climb above the $0.400 resistance level, it could start another decline. Immediate support on the downside is near the $0.3850 level.
The next major support is near the $0.380 level and the trend line. A downside break below the $0.380 level could open the doors for a test of $0.3650. The next major support is near the $0.360 level.
In the past few days, Cardano started a downward move like Bitcoin and Ethereum after it failed to clear the $0.450 resistance. ADA dipped below the $0.400 support and tested the $0.360 zone.
A low was formed at $0.360 and the price is now correcting losses. There was a minor recovery wave above the $0.3750 zone. The price climbed above the 50% Fib retracement level of the downward move from the $0.4204 swing high to the $0.3600 low.
There is also a connecting bullish trend line forming with support at $0.3760 on the hourly chart of the ADA/USD pair. However, the price faces many hurdles on the upside.
ADA is still trading below $0.400 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $0.3980 zone or the 61.8% Fib retracement level of the downward move from the $0.4204 swing high to the $0.3600 low.
The first resistance is near $0.400. The next key resistance might be $0.410. If there is a close above the $0.410 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.4250 region. Any more gains might call for a move toward $0.450.
If Cardano’s price fails to climb above the $0.400 resistance level, it could start another decline. Immediate support on the downside is near the $0.3850 level.
The next major support is near the $0.380 level and the trend line. A downside break below the $0.380 level could open the doors for a test of $0.3650. The next major support is near the $0.360 level.
ترجمة
$FLOKI Price Prediction: Bearish Trends and Key Levels - BeinCrypto Analytics
On the daily chart, Floki Inu experienced significant volatility after reaching an all-time high of $0.00035. The subsequent 54% decline from June 5 to the present has been influenced by several key technical factors.
In our previous analysis, we highlighted that Floki’s price might drop following breakouts of key support levels.
The dark red baseline of the Ichimoku Cloud served as a crucial support level during the rally to $0.00035. Well, FLOKI fell below this baseline on June 7, signaling a shift in market sentiment and acting as a catalyst for further declines.
The price is currently testing the 200 EMA (green), a significant support level on the daily chart. Historically, the 200 EMA is considered a critical long-term indicator. A breach below this level could lead to increased volatility and a further downside move towards $0.00015.
The immediate support levels to watch are $0.000165 and $0.000157. Should these levels fail to hold, the next critical support is at $0.00010. On the resistance side, FLOKI must reclaim the $0.000188 level to initiate any significant bullish reversal.
On the daily chart, Floki Inu experienced significant volatility after reaching an all-time high of $0.00035. The subsequent 54% decline from June 5 to the present has been influenced by several key technical factors.
In our previous analysis, we highlighted that Floki’s price might drop following breakouts of key support levels.
The dark red baseline of the Ichimoku Cloud served as a crucial support level during the rally to $0.00035. Well, FLOKI fell below this baseline on June 7, signaling a shift in market sentiment and acting as a catalyst for further declines.
The price is currently testing the 200 EMA (green), a significant support level on the daily chart. Historically, the 200 EMA is considered a critical long-term indicator. A breach below this level could lead to increased volatility and a further downside move towards $0.00015.
The immediate support levels to watch are $0.000165 and $0.000157. Should these levels fail to hold, the next critical support is at $0.00010. On the resistance side, FLOKI must reclaim the $0.000188 level to initiate any significant bullish reversal.
ترجمة
$XRP Price Prediction: Can the Altcoin Stay Above $0.5? - AMBCrypto Analytics
The Monday upswing saw XRP defend the 78.6% Fib level ($0.48), a crucial range low. XRP has been stuck between the 61.8% and 78.6% Fib levels.
So, a decisive reclaim could set the altcoin for the range-high ($0.54). That’s a potential 10% for bulls.
However, key technical chart indicators haven’t demonstrated market leverage to bulls as of press time.
The RSI (Relative Strength Index) faced rejection at the mid-range, indicating buying pressure surged but wasn’t strong enough to push XRP higher.
Similarly, the CMF (Chaikin Money Flow) showed an uptick but hadn’t crossed above the zero level. It meant inflows improved but weren’t substantial enough.
That said, XRP bulls need to defend the 78.6% Fib level if the 10% potential is to be realized. Otherwise, short-sellers could drag it lower to $0.45 or $0.41
The Monday upswing saw XRP defend the 78.6% Fib level ($0.48), a crucial range low. XRP has been stuck between the 61.8% and 78.6% Fib levels.
So, a decisive reclaim could set the altcoin for the range-high ($0.54). That’s a potential 10% for bulls.
However, key technical chart indicators haven’t demonstrated market leverage to bulls as of press time.
The RSI (Relative Strength Index) faced rejection at the mid-range, indicating buying pressure surged but wasn’t strong enough to push XRP higher.
Similarly, the CMF (Chaikin Money Flow) showed an uptick but hadn’t crossed above the zero level. It meant inflows improved but weren’t substantial enough.
That said, XRP bulls need to defend the 78.6% Fib level if the 10% potential is to be realized. Otherwise, short-sellers could drag it lower to $0.45 or $0.41
ترجمة
$SHIB in Catastrophe Mode - U.Today Analytics
Shiba Inu lost the 200 EMA support level, and its price plummeted, causing a substantial loss. The $0.00002 level is realistically gone, so our best bet is the psychological $0.000015 support. However, in reality, the most likely scenario out there is a drop to multi-month lows for SHIB.
SHIB's failure to hold the 200-day Exponential Moving Average (EMA), which many traders view as a strong support level, indicates a significant breakdown in the most recent chart. SHIB has fallen precipitously as a result of the loss of this support level, which set off a rapid decline. The next crucial level is currently the psychological support at $0.000015, but given the momentum, even this might not hold.
At press time, SHIB is trading at:
- $0.00001877 on Binance
- $0.00001879 on WhiteBIT
- $0,00001878 on KuCoin
The trading volume confirms that the market sentiment has turned decisively bearish by showing an increase in selling pressure. Given that the Relative Strength Index (RSI) is currently well into oversold territory, it is possible that SHIB is currently undervalued. But given the present negative sentiment, the oversold situation might not be sufficient to stop the declining trend on its own.
SHIB may be approaching multi-month lows and may test levels not seen since the start of the year if it keeps declining. Bearishness is increased by the weakness of the cryptocurrency market as a whole and the absence of a compelling use case for Shiba Inu. Without a big catalyst the market dynamics imply that SHIB may have trouble finding a bottom in the near future. It is advisable to prepare for additional fluctuations and possible drops. It appears that SHIB will continue to move lower until it can recover and maintain above the 200 EMA which is a significant technical setback.
Shiba Inu lost the 200 EMA support level, and its price plummeted, causing a substantial loss. The $0.00002 level is realistically gone, so our best bet is the psychological $0.000015 support. However, in reality, the most likely scenario out there is a drop to multi-month lows for SHIB.
SHIB's failure to hold the 200-day Exponential Moving Average (EMA), which many traders view as a strong support level, indicates a significant breakdown in the most recent chart. SHIB has fallen precipitously as a result of the loss of this support level, which set off a rapid decline. The next crucial level is currently the psychological support at $0.000015, but given the momentum, even this might not hold.
At press time, SHIB is trading at:
- $0.00001877 on Binance
- $0.00001879 on WhiteBIT
- $0,00001878 on KuCoin
The trading volume confirms that the market sentiment has turned decisively bearish by showing an increase in selling pressure. Given that the Relative Strength Index (RSI) is currently well into oversold territory, it is possible that SHIB is currently undervalued. But given the present negative sentiment, the oversold situation might not be sufficient to stop the declining trend on its own.
SHIB may be approaching multi-month lows and may test levels not seen since the start of the year if it keeps declining. Bearishness is increased by the weakness of the cryptocurrency market as a whole and the absence of a compelling use case for Shiba Inu. Without a big catalyst the market dynamics imply that SHIB may have trouble finding a bottom in the near future. It is advisable to prepare for additional fluctuations and possible drops. It appears that SHIB will continue to move lower until it can recover and maintain above the 200 EMA which is a significant technical setback.
ترجمة
$PEPE Price Plummets Below Support Level – What’s Going On? - CryptoNews Analytics
The PEPE price seems to be on a downtrend after plummeting in the early hours of the morning.
Notably, PEPE plummeted decisively below the $0.00001049 support level (orange) within hours of a successful recovery. The support failed to hold, indicating increased selling pressure and a possible continuation of the downward trend.
Other indicators support this, such as PEPE’s relative strength index (RSI) (purple) which has fallen from 55 to 30 in the past 24 hours. This suggests increased selling pressure, hinting towards further downside.
Most significantly, the meme coin’s 30-day moving average (yellow) is trending downward, positioned below the 200-day moving average (blue), which is also declining. This suggests persistent downward momentum in both the short and long-term.
Hence, eager investors should consider postponing PEPE due to a strong possibility of further retracements in the near future.
Despite this, it is unlikely that PEPE will see any truly fatal declines in the near term. Its recent price action is in line with the overall negative market sentiment, following the US Federal Reserve’s hawkish stance on inflation.
The PEPE price seems to be on a downtrend after plummeting in the early hours of the morning.
Notably, PEPE plummeted decisively below the $0.00001049 support level (orange) within hours of a successful recovery. The support failed to hold, indicating increased selling pressure and a possible continuation of the downward trend.
Other indicators support this, such as PEPE’s relative strength index (RSI) (purple) which has fallen from 55 to 30 in the past 24 hours. This suggests increased selling pressure, hinting towards further downside.
Most significantly, the meme coin’s 30-day moving average (yellow) is trending downward, positioned below the 200-day moving average (blue), which is also declining. This suggests persistent downward momentum in both the short and long-term.
Hence, eager investors should consider postponing PEPE due to a strong possibility of further retracements in the near future.
Despite this, it is unlikely that PEPE will see any truly fatal declines in the near term. Its recent price action is in line with the overall negative market sentiment, following the US Federal Reserve’s hawkish stance on inflation.
ترجمة
Is $PEPE Ready for a Comeback After Last Week’s Drop? - AMBcrypto Analytics
CoinMarketCap’s data revealed that the memecoin’s price dropped by 6% in the last seven days. In fact, the coin dipped to $0.0000106, which was last week’s lowest.
But the memecoin started to gain bullish momentum as its value surged by more than 2% in the last 24 hours. At the time of writing, PEPE was trading at $0.00001194 with a market capitalization of over $5.02 billion, making it the 23rd largest crypto.
The recent price uptick also allowed the memecoin to go above a key resistance level.
AMBCrypto’s analysis of the memecoin’s 12-hour chart revealed that it managed to break above $0.000012. However, at press time, it was trading a bit under that mark.
This breakout looked optimistic and could result in a full-fledged recovery if PEPE manages to once again go above the mark and sustain the momentum.
If that happens, then investors might witness PEPE retesting its all-time high in the coming weeks.
CoinMarketCap’s data revealed that the memecoin’s price dropped by 6% in the last seven days. In fact, the coin dipped to $0.0000106, which was last week’s lowest.
But the memecoin started to gain bullish momentum as its value surged by more than 2% in the last 24 hours. At the time of writing, PEPE was trading at $0.00001194 with a market capitalization of over $5.02 billion, making it the 23rd largest crypto.
The recent price uptick also allowed the memecoin to go above a key resistance level.
AMBCrypto’s analysis of the memecoin’s 12-hour chart revealed that it managed to break above $0.000012. However, at press time, it was trading a bit under that mark.
This breakout looked optimistic and could result in a full-fledged recovery if PEPE manages to once again go above the mark and sustain the momentum.
If that happens, then investors might witness PEPE retesting its all-time high in the coming weeks.
ترجمة
$XRP Price Springs - CoinGape Analytics
As of writing, XRP price jumped 0.58% in the past 24 hours to trade at $0.4941, despite crypto prices trading mainly bearishly today. The token’s 24-hour lows and highs are $0.4808 and $0.5194, respectively, underlining a volatile movement.
XRP’s trading volume from yesterday spiked 242.21%, whereas the Ripple-backed token garnered additional attention as it pumped while BTC, ETH, and others tanked.
Coinglass data highlighted reduced investor interest in the asset, as the Futures OI dipped 0.41% to $559.98 million. However, the derivatives market activity has been on the rise, as the volume surged 337.97% to $3.25 billion. This data painted an uncertain market scenario for XRP at press time.
Besides, the RSI stood around 45, illustrating that the asset is neither overbought nor oversold with slight downside pressure. Nonetheless, the broader industry participants remain optimistic about the asset’s potential ahead, as the introduction of RLUSD stablecoin has birthed an optimistic torrent. This is further accompanied by a stockpile of advancements within the XRPL (XRP Ledger), the blockchain for XRP.
As of writing, XRP price jumped 0.58% in the past 24 hours to trade at $0.4941, despite crypto prices trading mainly bearishly today. The token’s 24-hour lows and highs are $0.4808 and $0.5194, respectively, underlining a volatile movement.
XRP’s trading volume from yesterday spiked 242.21%, whereas the Ripple-backed token garnered additional attention as it pumped while BTC, ETH, and others tanked.
Coinglass data highlighted reduced investor interest in the asset, as the Futures OI dipped 0.41% to $559.98 million. However, the derivatives market activity has been on the rise, as the volume surged 337.97% to $3.25 billion. This data painted an uncertain market scenario for XRP at press time.
Besides, the RSI stood around 45, illustrating that the asset is neither overbought nor oversold with slight downside pressure. Nonetheless, the broader industry participants remain optimistic about the asset’s potential ahead, as the introduction of RLUSD stablecoin has birthed an optimistic torrent. This is further accompanied by a stockpile of advancements within the XRPL (XRP Ledger), the blockchain for XRP.
ترجمة
$MATIC Price Prediction: Can Polygon Recover From The Recent Crash? - NewsBTC Analytics
After a decent increase, Polygon’s price faced heavy resistance near the $0.6285 zone. MATIC formed a short-term top at $0.6286 and recently started a fresh decline like Bitcoin and Ethereum.
There was a sharp move below the $0.600 and $0.5720 support levels. The price even dipped below $0.5250 and tested $0.5150. A low was formed at $0.5151 and the price is now attempting to recover. There was a move above the $0.5350 resistance level.
The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6286 swing high to the $0.5151 low. MATIC is trading below $0.560 and the 100 simple moving average (4 hours).
Immediate resistance is near the $0.5550 zone. The first major resistance is near the $0.5720 level or the 50% Fib retracement level of the downward move from the $0.6286 swing high to the $0.5151 low. There is also a key bearish trend line forming with resistance at $0.5720 on the hourly chart of the MATIC/USD pair.
If there is an upside break above the $0.5720 resistance level, the price could continue to rise. The next major resistance is near $0.5850. A clear move above the $0.5850 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.6285 level or $0.650.
If MATIC’s price fails to rise above the $0.5720 resistance level, it could start another decline. Immediate support on the downside is near the $0.5320 level.
The main support is near the $0.5150 level. A downside break below the $0.5150 level could open the doors for a fresh decline toward $0.50. The next major support is near the $0.4850 level.
After a decent increase, Polygon’s price faced heavy resistance near the $0.6285 zone. MATIC formed a short-term top at $0.6286 and recently started a fresh decline like Bitcoin and Ethereum.
There was a sharp move below the $0.600 and $0.5720 support levels. The price even dipped below $0.5250 and tested $0.5150. A low was formed at $0.5151 and the price is now attempting to recover. There was a move above the $0.5350 resistance level.
The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6286 swing high to the $0.5151 low. MATIC is trading below $0.560 and the 100 simple moving average (4 hours).
Immediate resistance is near the $0.5550 zone. The first major resistance is near the $0.5720 level or the 50% Fib retracement level of the downward move from the $0.6286 swing high to the $0.5151 low. There is also a key bearish trend line forming with resistance at $0.5720 on the hourly chart of the MATIC/USD pair.
If there is an upside break above the $0.5720 resistance level, the price could continue to rise. The next major resistance is near $0.5850. A clear move above the $0.5850 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.6285 level or $0.650.
If MATIC’s price fails to rise above the $0.5720 resistance level, it could start another decline. Immediate support on the downside is near the $0.5320 level.
The main support is near the $0.5150 level. A downside break below the $0.5150 level could open the doors for a fresh decline toward $0.50. The next major support is near the $0.4850 level.
ترجمة
Weekly Analysis of Altcoin Markets: $FET , $TRX , $SHIB - GNCrypto Analytics
FET is deep in correction after reaching its all-time high of $3.47 on March 28. The pullback has now extended to 63%, which characteristically indicates a downtrend.
The D1 chart shows that the coin is trapped between a buyer’s zone of $0.98–$1.24 and a resistance zone of $1.61–$1.86. The coin's future trajectory will depend on which direction it breaks out from this range.
Currently, the conditions favor further declines, potentially refreshing lows around $0.61 over the coming months, a level that may offer prospective buying opportunities.
_
After reaching a local low on April 19 at $0.1049, TRX has gradually begun to rise. The asset is now testing the seller zone of $0.117–$0.120, which is pivotal resistance before a potentially stronger upward move.
For a new global high of $0.144, buyers need to push through this range with substantial volumes and maintain strong buying pressure at the $0.127 level.
In a bearish scenario, Tron could retest the buyer's zone of $0.105-$0.109, potentially falling to $0.100.
_
Shiba Inu is continuing a local downtrend following an earlier upward trajectory. The asset is currently testing the support zone between $0.0000183 and $0.00002. If buyers fail to maintain the price above this range, SHIB could fall to $0.000017.
For growth to resume, the price needs to stabilize above the resistance area of $0.0000227–$0.0000241.
The future rise will largely depend on continued interest in meme tokens and the broader crypto market dynamics.
FET is deep in correction after reaching its all-time high of $3.47 on March 28. The pullback has now extended to 63%, which characteristically indicates a downtrend.
The D1 chart shows that the coin is trapped between a buyer’s zone of $0.98–$1.24 and a resistance zone of $1.61–$1.86. The coin's future trajectory will depend on which direction it breaks out from this range.
Currently, the conditions favor further declines, potentially refreshing lows around $0.61 over the coming months, a level that may offer prospective buying opportunities.
_
After reaching a local low on April 19 at $0.1049, TRX has gradually begun to rise. The asset is now testing the seller zone of $0.117–$0.120, which is pivotal resistance before a potentially stronger upward move.
For a new global high of $0.144, buyers need to push through this range with substantial volumes and maintain strong buying pressure at the $0.127 level.
In a bearish scenario, Tron could retest the buyer's zone of $0.105-$0.109, potentially falling to $0.100.
_
Shiba Inu is continuing a local downtrend following an earlier upward trajectory. The asset is currently testing the support zone between $0.0000183 and $0.00002. If buyers fail to maintain the price above this range, SHIB could fall to $0.000017.
For growth to resume, the price needs to stabilize above the resistance area of $0.0000227–$0.0000241.
The future rise will largely depend on continued interest in meme tokens and the broader crypto market dynamics.
ترجمة
$NOT Price Prediction: Can NOT Hold Above $0.015? - AMBCrypto Analytics
According to AMBCrypto findings, a decline in buying momentum was one of the reasons Notcoin’s price fell. At press time, the Relative Strength Index (RSI) on the 4-hour chart was down to 43.20.
The RSI measures the magnitude of price changes in the market. It also identifies possible overbought or oversold zones. If the reading is 70 or above, it means a cryptocurrency is overbought.
However, when the RSI is below 30, it means that it is oversold.
But the reading for the coin was below the 50.00 midpoint, indicating that the momentum around NOT had become bearish. Should the reading continue to decrease, Notcoin price prediction will become increasingly gloomy.
However, the Weighted Sentiment has managed to stay above the negative territory. Weighted Sentiment gauges the perception the average market participants has about a project.
If the reading is positive, then it means that most comments are bullish. However, a negative reading implies that the broader sentiment is bearish.
For NOT, the ability of the Weighted Sentiment to stay in the positive region might prevent it from further correction. If this happens, NOT might jump to $0.021.
On the other, a fall to the red zone could capitulate the token’s price. If this Notcoin price prediction plays out, the value of the cryptocurrency might slide to $0.015.
According to AMBCrypto findings, a decline in buying momentum was one of the reasons Notcoin’s price fell. At press time, the Relative Strength Index (RSI) on the 4-hour chart was down to 43.20.
The RSI measures the magnitude of price changes in the market. It also identifies possible overbought or oversold zones. If the reading is 70 or above, it means a cryptocurrency is overbought.
However, when the RSI is below 30, it means that it is oversold.
But the reading for the coin was below the 50.00 midpoint, indicating that the momentum around NOT had become bearish. Should the reading continue to decrease, Notcoin price prediction will become increasingly gloomy.
However, the Weighted Sentiment has managed to stay above the negative territory. Weighted Sentiment gauges the perception the average market participants has about a project.
If the reading is positive, then it means that most comments are bullish. However, a negative reading implies that the broader sentiment is bearish.
For NOT, the ability of the Weighted Sentiment to stay in the positive region might prevent it from further correction. If this happens, NOT might jump to $0.021.
On the other, a fall to the red zone could capitulate the token’s price. If this Notcoin price prediction plays out, the value of the cryptocurrency might slide to $0.015.
ترجمة
$PEPE Price Analysis Hints 63% Break Out - CoinGape Analytics
PEPE price broke out of an ascending triangle on May 21 and established a new all-time high (ATH) price. However, as investors began to take profits, the price of PEPE began to retrace and went as low as $0.00001057.
After nearly a month of downside movement, the PEPE price reached a critical resistance-turned-support level. These kinds of support structures are usually strong and can sustain the price up, all factors are constant. Pepe’s price is also in a falling wedge, which is a bullish market structure.
The current PEPE price level coincides with the 0.786 Fibonacci retracement level, which usually offers decent support for the price to bounce back. Moreover, the price retracing to the current level is part of a breakout and tests for the three-month ascending triangle Pepe broke out from.
If Pepe’s price breaks out to the upside of the falling wedge, the asset may surge back to its previous all-time high. Considering the 0.27 Fibonacci extension level, PEPE may rise 63% from its current price to hit a new ATH price of $0.00001948. On the flip side, $0.00001057 is expected to hold water.
PEPE price broke out of an ascending triangle on May 21 and established a new all-time high (ATH) price. However, as investors began to take profits, the price of PEPE began to retrace and went as low as $0.00001057.
After nearly a month of downside movement, the PEPE price reached a critical resistance-turned-support level. These kinds of support structures are usually strong and can sustain the price up, all factors are constant. Pepe’s price is also in a falling wedge, which is a bullish market structure.
The current PEPE price level coincides with the 0.786 Fibonacci retracement level, which usually offers decent support for the price to bounce back. Moreover, the price retracing to the current level is part of a breakout and tests for the three-month ascending triangle Pepe broke out from.
If Pepe’s price breaks out to the upside of the falling wedge, the asset may surge back to its previous all-time high. Considering the 0.27 Fibonacci extension level, PEPE may rise 63% from its current price to hit a new ATH price of $0.00001948. On the flip side, $0.00001057 is expected to hold water.
ترجمة
$DOGE Is in Optimal Buy Zone - BeinCrypto Analytics
Dogecoin’s price, trading at $0.13, has already witnessed a considerable drawdown in the last two weeks. The meme coin will now potentially witness consolidation between $0.15 and $0.12. These two levels have been rigorously tested in the past and stand as strong resistance and support, respectively.
The indicators presenting mixed signals strongly hint at sideways action for the meme coin.
Any breakout or breakdown will only invalidate the bearish-neutral thesis, sending DOGE to either above $0.16 or below $0.11. The former would help recover the recent losses, while the latter would extend them.
Dogecoin’s price, trading at $0.13, has already witnessed a considerable drawdown in the last two weeks. The meme coin will now potentially witness consolidation between $0.15 and $0.12. These two levels have been rigorously tested in the past and stand as strong resistance and support, respectively.
The indicators presenting mixed signals strongly hint at sideways action for the meme coin.
Any breakout or breakdown will only invalidate the bearish-neutral thesis, sending DOGE to either above $0.16 or below $0.11. The former would help recover the recent losses, while the latter would extend them.
ترجمة
Crypto market’s weekly winners: $NOT , $UNI - AMBCrypto Analytics
Notcoin ended the week as the biggest gainer, starting the week on a high note. An analysis of its price trend showed that it began the week at around $0.019.
The chart indicated a dip to around $0.016 during the week.
However, by the end of the week, its price had risen to over $0.020. According to data from CoinMarketCap, Notcoin gained 14.19% in the past week, making it the biggest winner.
As of this writing, Notcoin’s market cap is over $2 billion, having increased by over 2% in the last 24 hours. Its volume is also over $1 billion, but it has decreased by more than 25% during the same period.
AMBCrypto’s analysis of Uniswap [UNI] on a daily timeframe chart showed that it had a busy week. The chart indicated that UNI started the week with a loss of over 2%, trading at around $9.8.
After wha appeared to be a recovery attempt on the 10th of June, with an increase of over 5%, taking its price to over $10, it experienced a massive decline the next day.
The chart showed a drop of over 13%, dragging its price down to around $8.9.
The next day, an over 12% increase immediately took Uniswap’s price back to the $10 range. By the end of the week, Uniswap was trading at around $11.5, ending the week with a 10.50% increase.
According to data from CoinMarketCap, it was the second-highest gainer, with a 14.07% increase.
As of this writing, Uniswap is trading at around $11.4, with a minor decline. Data showed that its market cap is around $6.9 billion, having increased by over 4% in the last 24 hours.
Its volume is over $320 million but has decreased by around 13% as of this writing.
Notcoin ended the week as the biggest gainer, starting the week on a high note. An analysis of its price trend showed that it began the week at around $0.019.
The chart indicated a dip to around $0.016 during the week.
However, by the end of the week, its price had risen to over $0.020. According to data from CoinMarketCap, Notcoin gained 14.19% in the past week, making it the biggest winner.
As of this writing, Notcoin’s market cap is over $2 billion, having increased by over 2% in the last 24 hours. Its volume is also over $1 billion, but it has decreased by more than 25% during the same period.
AMBCrypto’s analysis of Uniswap [UNI] on a daily timeframe chart showed that it had a busy week. The chart indicated that UNI started the week with a loss of over 2%, trading at around $9.8.
After wha appeared to be a recovery attempt on the 10th of June, with an increase of over 5%, taking its price to over $10, it experienced a massive decline the next day.
The chart showed a drop of over 13%, dragging its price down to around $8.9.
The next day, an over 12% increase immediately took Uniswap’s price back to the $10 range. By the end of the week, Uniswap was trading at around $11.5, ending the week with a 10.50% increase.
According to data from CoinMarketCap, it was the second-highest gainer, with a 14.07% increase.
As of this writing, Uniswap is trading at around $11.4, with a minor decline. Data showed that its market cap is around $6.9 billion, having increased by over 4% in the last 24 hours.
Its volume is over $320 million but has decreased by around 13% as of this writing.
ترجمة
$SOL Price Eyes Steady Increase - NewsBTC Analytics
Solana price extended losses below the $150 level like Bitcoin and Ethereum. SOL even declined below the $142 support before the bulls appeared near the $138 level. A low was formed at $138.01 and the price recently started a decent recovery wave.
The price was able to clear the $142 and $145 resistance levels. There was a move above the 50% Fib retracement level of the downward move from the $161.89 swing high to the $138.01 low. Solana price is now trading above $145 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $146 on the hourly chart of the SOL/USD pair.
Immediate resistance is near the $150 level. The next major resistance is near the $152.50 level or the 61.8% Fib retracement level of the downward move from the $161.89 swing high to the $138.01 low.
A successful close above the $152.50 resistance could set the pace for another major increase. The next key resistance is near $156.50. Any more gains might send the price toward the $160 level.
If SOL fails to rally above the $152.50 resistance, it could start another decline. Initial support on the downside is near the $145 level and the trend line.
The first major support is near the $142 level, below which the price could test $138. If there is a close below the $132 support, the price could decline toward the $125 support in the near term.
Solana price extended losses below the $150 level like Bitcoin and Ethereum. SOL even declined below the $142 support before the bulls appeared near the $138 level. A low was formed at $138.01 and the price recently started a decent recovery wave.
The price was able to clear the $142 and $145 resistance levels. There was a move above the 50% Fib retracement level of the downward move from the $161.89 swing high to the $138.01 low. Solana price is now trading above $145 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $146 on the hourly chart of the SOL/USD pair.
Immediate resistance is near the $150 level. The next major resistance is near the $152.50 level or the 61.8% Fib retracement level of the downward move from the $161.89 swing high to the $138.01 low.
A successful close above the $152.50 resistance could set the pace for another major increase. The next key resistance is near $156.50. Any more gains might send the price toward the $160 level.
If SOL fails to rally above the $152.50 resistance, it could start another decline. Initial support on the downside is near the $145 level and the trend line.
The first major support is near the $142 level, below which the price could test $138. If there is a close below the $132 support, the price could decline toward the $125 support in the near term.
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