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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

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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🚀 $PEPE , $BONK lead memecoins’ recovery amidst broader market decline - AMBCrypto Analytics An analysis of Pepe coin on a daily time frame showed that while the market was down on 11th June, it saw an increase. The chart indicated that the memecoin’s value rose by over 5%, trading at around $0.00001137. As of this writing, it has increased again by almost 3%, now trading at around $0.0000131. Additionally, the analysis showed that the memecoin’s support, represented by its short moving average (yellow line), was holding strong. Also, the recent climbs have pushed it into a bull trend. An analysis of its Relative Strength Index (RSI) indicated that it had crossed slightly above the neutral line, signifying a weak bull trend as of this writing. An analysis of Bonk on the daily time frame showed that, like Pepe, it saw a slight increase in the previous trading session. However, it is in the current trading session that Bonk is experiencing a significant price increase. As of this writing, Bonk was trading with an almost 6% increase. The chart indicated that it was close to climbing above its yellow line, which has served as resistance until now. Despite the significant price increase, Bonk remained in a bearish trend, although this trend appeared to be weakening. An analysis of Bonk’s Relative Strength Index (RSI) showed that it was currently below the neutral line. However, as of this writing, it was approaching the neutral line, indicating that the bear trend was weakening.
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đŸ’” The $NOT Token’s Bullish Price Action - CryptoNews Analytics In contrast to Notcoin, the market leaders have underperformed. Bitcoin ($BTC) only added 3.8% in the last 24 hours and 2.4% in the fortnight. Meanwhile, Ethereum’s ($ETH) grew 2.8% in the last 24 hours and actually shed 4.6% in the last week. Partly fuelling $NOT’s growth is a recent announcement that players have until June 16 to claim their tokens. Claiming is done by withdrawing tokens from the app to a wallet. Notcoin players will also soon be able to access the game’s ‘Levels’ and ‘Explore’ features. Initially priced at $0.00748639, the $NOT token experienced a significant dip to an all-time low of $0.004611 just eight days post-launch, on May 24. However, it quickly rebounded, reaching an all-time high (ATH) of $0.02836 on June 2, although that momentum has since slowed. $NOT’s current price represents a pullback from ATH of 36%. Notcoin currently maintains a stable relative strength index (RSI) of 68. That’s stabilizing from a brief spike when RSI hit 80, signaling the asset was vastly overbought. The token may have found a psychological support level at $0.015, although as it is a relatively new project, only time will tell.
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đŸ”„ $IO Price Analysis - CoinEdition Analytics The Bollinger Bands on the 15-minute chart for the IO cryptocurrency show a significant widening, indicating heightened market volatility. This divergence suggests that a substantial price movement could be imminent.  Presently, the IO price is near the upper Bollinger Band, marked at 5.119. This band typically suggests an overbought condition that may lead to a potential reversal in price direction. On the flip side, the lower band is positioned at 3.6875. This band outlines the possible range for downward price movements, highlighting the volatility and trading opportunities within this range. In the past 24 hours, IO has seen significant buying activity, indicated by a sharp increase in its Relative Strength Index (RSI). The RSI has reached an overbought level at press time, signaling that a price correction for IO could be imminent. The RSI’s downward trajectory also points to a possible emerging bearish trend within the IO market. Together, these indicators hint at critical upcoming shifts that investors need to monitor closely. Currently, the MACD indicator for the IO token displays a reading of 0.2553, positioned above the signal line within the green zone, signaling a bullish short-term trend for the token. This positive MACD reading suggests that IO’s price momentum could remain strong, potentially avoiding immediate downward corrections. However, it’s noteworthy that there has been a noticeable decrease in the size of the histogram bars above the zero line. This shrinkage in the bars may indicate that the bullish momentum of the IO token is weakening, which could lead to a slowdown in its upward trajectory.
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👀 $SHIB holders lose interest - AMBCrypto Analytics AMBCrypto assessed SHIB’s key momentum indicators and found that they trended downward and were positioned elbow their respective center lines. For example, SHIB’s Relative Strength Index (RSI) was 38.27, while its Money Flow Index (MFI) was 35.21.  These indicators identify an asset’s overbought and oversold conditions by measuring how its price moves and changes. They range between 0 and 100, with values above 70 suggesting an asset is overbought, while values less than 30 indicate that the asset is oversold and due for a correction. Generally, SHIB’s current RSI and MFI are indicators of significant selling pressure. But they also suggest the possibility of a price rebound.  However, the assessment of other indicators confirmed that the bull strength is significantly weak, and the meme coin’s value might plummet further in the short term. For example, SHIB’s Elder-Ray Index was -0.0000000303 at the time of writing.  This indicator measures the relationship between the strength of SHIB’s buyers and sellers. When its value is negative this way, bear power is dominant in the market. For context, SHIB’s Elder-Ray Index has been negative since 7 June. Also confirming how significant the bearish bias toward the altcoin was at press time, readings from its Directional Movement Index (DMI) showed its positive directional index (green) resting under its negative index (red). When these trend lines are set up in this manner, selling pressure outweighs buying activity. It suggests that the bears have market control, and the demand for the asset in question continues to plunge. 
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đŸ’„ $SOL Surprising Stability - U.Today Analytics Solana is probably one of the few assets on the market with a stable position right now, safely trading at the 100 EMA, at around $150. Despite the overall negative sentiment around the asset, SOL is still in an uptrend if we look at the long-term trend, and the current support level may become a foundation for a future reversal. As it remains stable at $150 and lines up with the 100 EMA, the chart demonstrates Solana's resilience. This suggests a level of strong support that may serve as a springboard for further gains. Solana has succeeded in keeping a more stable trading range, in contrast to many other cryptocurrencies that are seeing considerable volatility.  In spite of the recent market decline, Solana's price action is still bullish when analyzing the long-term trend. The fact that the asset has managed to hold above the 100 EMA shows that the bulls are still in charge. A more neutral outlook is also offered by the RSI, which indicates that there is potential for upward movement without becoming overbought.  At press time, SOL is trading at: - $152.100 on KuCoin - $152.105 on WhiteBIT - $152.09 on Coinbase Traders' interest is consistent, even though the trading volume is lower than it was at previous peaks. The notion that Solana might be preparing for a comeback is supported by the volume's consistency, particularly if the mood of the market as a whole improves.  Shiba Inu has failed to hold the 100 EMA support level and has opened below it during this trading session. The fact that the price of the meme token is moving below this moving average raises substantial concerns and may be a negative signal for investors. The next support level for the asset is not far away but is located below a crucial resistance level.
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