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➡️If a confirmed breakout occurs above the trendline with good volume, it could signal a potential bullish wave for YFI.
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➡️If a confirmed breakout occurs above the wedge's resistance line with good volume, a price increase could follow. Some analysts estimate a potential rise of 30-40%.
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Potential for Bullish Uptrend, But Confirmation Needed.
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➡️A falling wedge pattern has been identified on the chart. This pattern often precedes a price upswing. Bullish Scenario:
➡️If a confirmed breakout occurs above the wedge's resistance line with good volume, a price increase could follow. Some analysts estimate a potential rise of 50-60%.
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➡️Market Volatility: The cryptocurrency market remains volatile, and unexpected events can impact price movements.
➡️Uncertainties Remain: Confirmation of a sustained uptrend is still needed.
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It's important to note that confirmation of a sustained uptrend is necessary for the bullish scenario to play out.
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➡️XRP's price has been trading within a range recently, suggesting a period of consolidation.
Almost we are near to breakout.🛡
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➡️A bullish wedge pattern, which can indicate a breakout, has been identified. Bullish Scenario:
➡️If the price breaks out above the wedge's resistance line (upper trendline) with good volume, a significant price increase could be expected.
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➡️falling wedge has been identified on the 2-hour timeframe chart. This pattern often precedes a price upswing.
➡️If the price breaks out above the wedge's resistance line (upper trendline) with good volume, a significant price increase of over 50% could be expected in the coming days
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• Mt. Gox will start distributing $BTC and $BCH repayments in early July 2024. Approximately 65,000 BTC/BCH will go to individual creditors, less than often reported.
• $BLAST - Blast have created the Blast Foundation, and the details of the Blast Vision will be announced on June 26.
• $CQT - Covalent has teased that a new product will be announced on June 26.
• $GLM - Golem Network will announce a significant update on this week. This could pertain to strategy using ETH reserves to generate yield.
• $JUP - Jupiter has launched Jupiter Swap V3. The supply reduction, jupiaries and ASR extensions proposals, vote will be in July.
• $MNDE - Marinade DAO has approved unlocking a 26M MNDE budget to onboard three market makers for MNDE liquidity.
• $SPEC - Spectral Labs has teased that the upcoming launch of Syntax V2.
• $TON - Pantera Capital @dan_pantera, continues to actively promote Toncoin.
• $UMA - UMA Protocol has hinted that a unique announcement is coming soon. (Oval + @redstone_defi = ?)
• Jump Crypto President @KanavKariya steps down after six years at Jump Trading. $LDO
• WikiLeaks founder Julian Assange set to go free after 5 years in prison under a plea deal with the U.S. $JUSTICE
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