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Vladislav Hryniv
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đŸ’„ AMBCrypto Analytics: What Next to $ENA ? ENA has also been making waves in the speculative market. According to AMBCrypto’s analysis of Coinglass’ data, the Open Interest (OI) in ENA Futures surged to $372 million at press time, indicating a higher number of bets to profit from its future price action. More than 50% of the positions seemed to be gunning for ENA’s price increase, as evidenced by the Longs/Shorts Ratio. This is a sign that traders are confident that the bullish momentum will sustain itself. However, at press time, the social frenzy around the coin was tapering, as seen by the dip in discussions on top crypto-focused social groups. This could impact the participation of retail investors, many of whom are drawn to cryptos due to social hype. #EthenaENA

đŸ’„ AMBCrypto Analytics: What Next to $ENA ?

ENA has also been making waves in the speculative market. According to AMBCrypto’s analysis of Coinglass’ data, the Open Interest (OI) in ENA Futures surged to $372 million at press time, indicating a higher number of bets to profit from its future price action.

More than 50% of the positions seemed to be gunning for ENA’s price increase, as evidenced by the Longs/Shorts Ratio. This is a sign that traders are confident that the bullish momentum will sustain itself.

However, at press time, the social frenzy around the coin was tapering, as seen by the dip in discussions on top crypto-focused social groups. This could impact the participation of retail investors, many of whom are drawn to cryptos due to social hype.

#EthenaENA

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👀 According to NewsBTC: $BTC Price Holds Support Bitcoin price started another increase from the $68,000 support zone. BTC cleared the $69,000 resistance to move further into a positive zone. There was a break above a key bearish trend line with resistance at $69,000 on the hourly chart of the BTC/USD pair. The pair even climbed above the $70,000 resistance zone. A high was formed at $70,600 and the price recently corrected lower. There was a move below the $70,000 level. The price declined below the 50% Fib retracement level of the upward move from the $67,971 swing low to the $70,600 high. However, the bulls are now active near the same trend line. They are protecting the 61.8% Fib retracement level of the upward move from the $67,971 swing low to the $70,600 high. Bitcoin price is now trading above $69,000 and the 100 hourly Simple moving average. If there is a fresh increase, the price might face resistance near the $70,000 level. The first major resistance could be $70,600. The next key resistance could be $71,200. A clear move above the $71,200 resistance might send the price higher. In the stated case, the price could rise and test the $72,000 resistance. Any more gains might send BTC toward the $73,200 resistance. If Bitcoin fails to climb above the $70,600 resistance zone, it could continue to move down. Immediate support on the downside is near the $69,000 level. The first major support is $68,500. The next support is now forming near $68,000. Any more losses might send the price toward the $66,500 support zone in the near term.
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đŸ’„ According to BeinCrypto: $PEPE May Not Overtake $MATIC PEPE’s price rally resulted in the meme coin’s market capitalization nearly reaching $7 billion. This is the effect of the altcoin’s 80% rise in the past week, which made Pepe one of the top 20 cryptocurrencies. In doing so, the meme coin outperformed Litecoin (LTC) and Uniswap (UNI) regarding market cap. At one point during the intra-day trading high, even Polygon (MATIC) was left behind, but PEPE declined to fall below it. If the meme coin market cap crosses the $7.2 billion mark, Polygon would again lose its spot to PEPE. However, the chances are unlikely since investors are realizing profits. As the price shot up, so did the investors’ profits considerably, which triggered selling to secure gains. The realized profits across the network rose to a two-month high.  PEPE holders tend to sell during sudden rallies, which is also the case at the moment. Since investors are expecting a price rise, this could increase as well. This shows that profit-taking could continue, and in return, the price would take a hit. PEPE price marked a new all-time high of $0.00001725 during the intra-day trading hours on Monday. Over the past week, the meme coin has registered an 80% rally, which brought the altcoin up from $0.00001000 to close to $0.00002000. However, given that profit-taking is surging, the rally may stop here. As a result, the meme coin could fall back to $0.00001500. The altcoin will likely hold above the support of $0.00001430, though. But if the rise continues, the cryptocurrency could push through the resistance of $0.00001725. This would invalidate the bearish thesis and help PEPE form a new all-time high.
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🚀 According to GNCrypto: Weekly Analysis $DOGE Compared to other meme tokens, DOGE currently plays the role of the "dark horse." It has yet to participate in a significant rally or reach new highs, which suggests potential for an upward movement. The asset is currently challenging the resistance zone at $0.170 to $0.180. A successful breach of this barrier could substantially amplify the upward trend, with the next target for buyers at $0.197. Should a correction occur, DOGE is expected to test the support zones at $0.147 to $0.150 and $0.136 to $0.142. $SHIB For the last two weeks, SHIB has been trading within a wide flat range between the buying zone at $0.0000235–$0.0000241 and the selling zone at $0.0000260–$0.0000270. The token is currently showing great potential for growth. There are two main factors at play: the ongoing enthusiasm for meme tokens and significant interest in the Ethereum blockchain, which hosts Shiba Inu, especially following the recent approval of an ETF.  Consequently, we can expect SHIB to accelerate its growth soon, potentially testing new highs, with an immediate target of $0.0000282. While a corrective scenario is possible, it would likely be a temporary setback within an overall upward trend. Key support zones are currently at $0.0000210–$0.0000225. $LTC Currently, there's nothing particularly compelling happening with Litecoin on local timeframes, which makes the daily timeframe a more interesting perspective. The asset has been confined within a broad sideways channel, bound by a support zone at $70.6–$77.0 and a resistance zone at $87.7–$93.0. Breaking out of this range is likely to provide the next significant momentum for the asset. If buyers manage to push the price upward, significant selling could occur at $97.92 and again at the psychological level of $100. Conversely, a downward trend for LTC could be triggered if the price consistently stays below $70. 
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đŸ”„ According to CryptoNews: Best Crypto To Buy $NOT The recently launched crypto token of the viral Telegram-based play-to-earn game Notcoin (NOT) is pumping hard on Monday. After rising 55% in the past 24 hours, as per CoinMarketCap, NOT is now in the top 100 cryptos. NOT’s market cap was last around $850 million, at a price of around $0.008. Notcoin might not stay at a sub-$1 billion market cap for long. It has the support of the TON Foundation (NOT is issued on the Ton blockchain). And it already has a huge user base. In just its first week following the launch of the game in January, it attracted over 5 million players. $FLOKI Shiba Inu-themed meme coin Floki is up 22% in the past 24 hours as per CoinMarketCap. FLOKI’s latest pump will have the bulls salivating. The meme coin has broken back to the north of a short-term upward trend channel. That means a near-term test of its earlier yearly highs above $0.00031 is on the cards. With a market cap of currently $2.6 billion, FLOKI could yet 5x this bull market. That’s why it potentially ranks as the best crypto to buy now. $WIF Fellow Shiba Inu dog-inspired meme coin, this one sporting a hat, dogwifhat (WIF) is also pumping on Monday. WIF rallied 13% in the past 24 hours, taking it back to the $3.30s. The meme coin continues to rise within the confines of an upward trend channel. A retest of May highs near $3.70 is soon likely. And should the market’s broader momentum continue, a near-term return to record highs at $4.86 is also likely. Like Floki, WIF also has a small-ish market cap of $3.35 billion. That leaves plenty of room for 5x upside this bull market.
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đŸ’” According to AMBCrypto: $NOT Showed Bullishness The $0.00544 level was marked in green and highlighted the downtrend’s lower high from the 22nd of May. Notcoin breached this level on the 25th of May and formed a higher low at $0.00493. In doing so, it hinted at a bullish trend shift. Since that higher low, NOT has gained 16% and looked to climb higher. The $0.0058-$0.006 region could serve as resistance to NOT. The RSI indicated strong bullish momentum in the one-hour timeframe. However, the OBV was not able to climb past a local session till the time of writing. A move past it would be a sign of strong buying pressure and a continued rally. The Fibonacci extension levels at $0.006, $0.0064, and $0.0068 are the next targets for the buyers. Notcoin is listed on Binance, WhiteBIT, OKX exchanges. The Open Interest grew from $44 million to $61 million in the past 24 hours, as prices also rose by more than 10% in the same period. This was a sign of bullish conviction in the Futures market and showed traders willing to go long. The recent surge also caused a flurry of short liquidations, which drove prices even higher. However, despite this pressure, the spot CVD was relatively quiet. It has not embarked on an uptrend like the price, which raised the concern that buyers in the spot market were scarce and a large part of the rally could be driven by derivatives. This would need to change for a sustainable rally to take place.
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