Last week's market review

Last week, Bitcoin bears launched an offensive, and bulls held on to the $65,000-67,000 support range. This performance is encouraging and suggests that bulls may try to break through the key resistance range of $70,000-72,000 again this week.

Outlook for this week

It is expected that the bulls will make a full effort to hit the pressure range of $70,000-72,000 this week. If it succeeds in breaking through, Bitcoin is expected to start a new round of rising market, with the target directly pointing to $76,000. However, the difficulty of each bull rush is increasing, so the bulls must break the current deadlock as soon as possible. Overall, we will pay close attention to the pressure range of $70,000-72,000 this week.

In addition, ETF funds have seen 14-day net inflows, indicating a stronger market and a strong rebound is expected.

Coins with the potential to skyrocket in June
 

NEAR

NEAR Protocol is an innovative blockchain-based platform that aims to provide developers with convenient tools and reliable infrastructure for building decentralized applications (DApps). As a first-layer blockchain, NEAR solves the problems of low transaction speed, limited throughput and interoperability of traditional blockchains, providing an ideal ecological environment.

Recently, the NEAR protocol has been upgraded to increase the network capacity by 50%, further enhancing the efficiency of processing transactions. Currently, the number of active addresses has reached 2 million, and the user base continues to expand. NEAR is growing rapidly.

BONK

Bonk is a dog-themed cryptocurrency in the Solana ecosystem that has been performing well since its launch. Although currently priced at just $0.00003235, its uniqueness has analysts predicting it could hit $1 by the end of 2024.

Bonk chose the Solana blockchain based on Solana’s scalability and speed advantages. In the past 30 days, Bonk’s price has increased by 67.52%, and it is expected that it may appreciate by 225.77% this week to $0.000112.

BNB

BNB was originally an ERC-20 token on Ethereum and later migrated to Binance Chain. As a utility token, BNB is used to pay transaction fees on the Binance exchange and provide various platform services. BNB holders can also participate in token sales through Binance Launchpad and invest in emerging blockchain projects.

BNB price has increased by 0.16% in the past 24 hours. The 14-day relative strength index (RSI) remains around 54.91, indicating a neutral state. BNB price is 39.40% above its 200-day simple moving average (SMA), indicating improved performance. In addition, the continuous integration with third-party wallets and applications has increased market share and utility.

Summarize

Bitcoin is expected to break through the critical pressure range of $73,000 this week, starting a new round of upward trend. At the same time, cryptocurrencies such as NEAR, Bonk and BNB also show great appreciation potential. Investors should pay close attention to market dynamics and seize opportunities to realize investment appreciation.

 #FLOKIUSDT #UNIUSDT #ATM #ordi​​​ #nbn $BNB $BONK $NEAR