The bearish trend prevailing in the cryptocurrency market continued throughout June. Last week Bitcoin (BTC) fell below $59,000 for the first time. 📉
There were losses throughout the market. However, some assets bucked the trend and reached all-time highs.
Cryptocurrencies worth watching this week include MOG, KAS and FET.
MOG Coin (MOG) witnessed a bullish trend last week. This meme coin, called the internet's first culture coin, started the week with a decrease of 11.07% on June 23. However, it increased by 45.32% on June 24 and 25.
Kaspa (KAS) also rose last week. With a weekly increase of 25%, KAS was less bullish than MOG. However, it entered the price discovery phase on June 30, surpassing the previous all-time high of $0.1939.
Fetch.ai (FET) is also among our cryptocurrencies worth watching this week. However, by the end of the week bear pressure erased most of its gains.
Caution is advised because as the new week begins, Kaspa's daily relative strength index (RSI) has entered overbought territory. This indicates that a pullback is approaching as buying pressure decreases.