The crypto market is witnessing an extended price decline, with Bitcoin and Ethereum falling sharply. Michaël van de Poppe, a famous analyst, pointed out that despite positive economic indicators, the market is still declining due to negative sentiment and the FOMC's tough stance. However, he predicts a trend reversal is imminent, noting upcoming interest rate cuts could change market developments.

Recent CPI and PPI data show signs of decreasing inflation, supporting risk assets such as crypto. However, despite these signs, the market has not yet prospered. Falling US Treasury bond yields and a stronger USD are also factors causing pressure. Uncertainty about the Ethereum ETF also contributes to this situation.

Van de Poppe believes that after another week of adapting to new data, crypto will likely start to recover. A potential interest rate cut could be key to reversing this trend. This is an important time to closely monitor further market developments.

FLOKI News
Santiument's data analysis shows that, despite the recent correction, FLOKI investor sentiment remains high. What it means is that the bullish sentiment surrounding memecoin still prevails in the market.
Most other on-chain metrics also seem quite optimistic, as they hint at a trend reversal. For example, the MVRV rate remains in positive territory. Its NVT ratio also dropped sharply, meaning the asset is undervalued, suggesting the price could rise in the coming days.

Analyzing FLOKI's daily chart, its MACD shows bullish dominance in the market.

According to Bollinger Band, FLOKI price is above its 20-day SMA. However, Chaikin Money Flow (CMF) showed a decreasing signal.
If memecoin continues to decline in value in the coming days, investors could see the price hit the $0.00025 mark, with liquidations set to surge at this level.

Conversely, if FLOKI turns bullish, memecoin's price could soon touch $0.00036.

Polygon Technical and Fundamental Analysis (MATIC):

EMA 100 (100-Day Moving Average):
This is a key resistance level, as MATIC has consistently traded below it over the past two months. The failure to surpass the 100 EMA on April 9 further reinforced the bearish sentiment.

Ichimoku Indicator:
- Base Line (Red): This is a dynamic support level, the price has been tested many times but has not been able to maintain below this line, showing buying pressure at lower levels.
- Kumu Cloud: Price has moved into the Kumo Cloud, with the lower boundary of the cloud acting as support. This implies an increase in volatility. The Fibonacci retracement level of 0.618 located in the Kumo cloud is an important resistance level. If the price breaks above this level, there is a high possibility of a move towards the next resistance levels between $0.78 and $0.80.

Enhanced Smart Contract Operations:
- Amount of MATIC in Smart Contracts: The percentage of MATIC locked in smart contracts has increased significantly. This increase indicates more active network activity, especially in DeFi, staking, and other blockchain applications.
- Impact on Price: When more MATIC is locked in smart contracts, circulating supply decreases, reducing selling pressure and possibly leading to price increases.
Strategic Recommendations
Neutral Price Increase to Price Decrease:
- Stop Loss Point: If MATIC price loses the lower boundary of the Kumo cloud and breaks below the baseline at $0.70, placing a stop loss just below this zone may be a prudent strategy.
- Bullish Potential: A breakout above the Kumo cloud could increase positive volatility.

FLOKI vs Dogecoin: Buy, Sell or HODL in June?
Current Market Performance
*FLOKI is trading at $0.0003328, up 25.14% over the past day, 14.76% over the past week and 70.81% over the past month. Market capitalization reached 3.18 billion USD, with 24-hour trading volume increasing by 74.09% to 1.38 billion USD, ranking 10th in trading volume.
*Dogecoin (DOGE) is trading at $0.1635, up 3.44% over the past day. DOGE only increased slightly by 0.75% over the past month and decreased slightly by 0.77% over the past week. DOGE's market capitalization is higher than FLOKI, reaching 23.64 billion USD, ranking 8th in the cryptocurrency rankings.
Technical Analysis
FLOKI: The simple moving averages (SMA) and exponential moving averages (EMA) both show strong buy signals. RSI is at 72.93, suggesting FLOKI may be in overbought territory, but still within a neutral stance. MACD is positive at 0.0000258055, supporting buying action. The main resistance is at 0.0003310124 USD.
DOGE: Dogecoin's moving averages also signal buying. However, oscillators like RSI at 53.65 show neutral signals, while MACD is negative at 0.00153, suggesting selling action. The main resistance is at 0.18260 USD.
Conclude:
Floki Inu (FLOKI): With a strong buy signal on the moving averages and MACD, FLOKI is a strong candidate to buy. However, RSI is near the overbought zone, requiring caution. Investors can consider buying but should pay attention to signs of market correction.
*Dogecoin (DOGE): Despite a buy signal from the moving averages, DOGE shows mixed sentiment from the oscillators and MACD. Holding DOGE may be a reasonable strategy, while closely monitoring market developments for opportunities.

The Shiba Inu has dropped below the 50 EMA mark, which is considered a key support level for the asset. Unfortunately, with prices below that critical level, some possibilities for the Shiba Inu have been closed. Buyers need to push SHIB above the ceiling so that SHIB is considered a contender for growth.

It is a strong bearish sign when the price falls below the 50 EMA. The 50 EMA frequently acts as a strong support or resistance level. Breaking it shows that selling pressure is greater than buying. The larger number of sell-offs seen during declines is indicative of this change in sentiment.

The much lower 200 EMA is the next support to watch if SHIB cannot reclaim this level. Additionally, technical indicators suggest there could be more downside. A bearish change is indicated by the RSI moving below 50. Additionally, the MACD has shown a bearish crossover, which often signals the start of more price declines. .

All these signs suggest that the bears are in charge and the bulls are facing a tough task ahead. The overall market sentiment is getting worse, especially with price action like this.

DWF Labs buys $12 million in FLOKI as memecoin project prepares to introduce new products

DWF Labs, a cryptocurrency exchange, has committed to purchasing an additional $12 million worth of FLOKI tokens from the open market and Floki treasury. This move is intended to support the growing ecosystem of the Floki memecoin project.

In February, DWF Labs committed to purchasing $10 million of FLOKI, causing the token price to increase by 50% in the following week. This partnership has helped Floki list on many important exchanges, driving positive sentiment around the Floki ecosystem.

New products and development potential
Floki is expected to launch many new utility products, including:
- Valhalla metaverse game: Expected to launch mainnet version at the end of the year.
- Floki trading bot and .floki domain service: Will be released in the coming weeks.

DWF Labs' purchase will support new product launch plans, providing much-needed liquidity to the Floki ecosystem.

DWF Labs first partnered with Floki in May 2023 with the purchase of $5 million worth of FLOKI tokens. In addition, DWF Labs also committed to invest $10 million in Floki's sister project, TokenFi, to develop a suite of artificial intelligence (AI) products.

FLOKI performance and price
- Current price: FLOKI is trading at $0.00026, up more than 15% overnight.
- Growth factor: The 15 billion token burn and listing on multiple exchanges boosted FLOKI's price.
- Monthly high: FLOKI reached $0.00031, up 40.74% month over month.

FLOKI's strong performance increased the total value locked, becoming the first memecoin to reach a record of over 820 million USD in 2024.

Altcoin Profit Prediction After Ethereum Spot ETFs Are Approved

Leading analyst Michaël van de Poppe has expressed optimism about 5 Altcoins that have the potential to bring significant profits following the approval of Ethereum Spot ETFs. Below are the Altcoins that van de Poppe recommends invest:
1.Optimism (OP): This Layer 2 network uses rollup technology to batch transactions, reduce costs, and increase speed. Van de Poppe highlighted Optimism's impressive total value key (TVL) ratio, indicating strong growth for the ecosystem. OP's low circulating supply further strengthens its bullish outlook.
2.Arbitrum (ARB): Despite price difficulties, Arbitrum's ecosystem still shows strong growth momentum. Van de Poppe believes that Arbitrum's large TVL and continued advances make it a solid investment, poised for a significant recovery.
3.Woo Network (WOO): Woo Network's technological advantages and growing user base position it well for growth, especially as trading volumes on Ethereum continue to increase.
4.Wormhole (W): Wormhole's innovative solutions facilitate cross-chain communication, making it an attractive investment. Although relatively new, its potential for widespread adoption and integration into various blockchain ecosystems is high.
5. Dogecoin ($DOGE ): Van de Poppe sees this as a high-risk, high-reward asset, especially in light of the broader growing cryptocurrency market.
These Altcoins are selected based on their technological strengths, market positioning, and high profit potential.

On June 3, 2014, the ALT/USDT cryptocurrency pair on Binance had notable fluctuations, especially when analyzed based on technical indicators.

First, consider the EMA (Exponential Moving Average) moving averages, specifically EMA(13) = 0.36634, EMA(26) = 0.36272, and EMA(100) = 0.35288. When comparing these lines, we see that EMA(13) is above EMA(26), and both are above EMA(100). This shows a short-term uptrend for ALT/USDT. The EMA(13) crosses above the EMA(26), suggesting that the upward momentum may continue in the near future.

The RSI (Relative Strength Index) index with a 14-day period reached a value of 55.84525. This index is in the range of 50-70, showing that the market is not in an overbought or oversold state, but is in a neutral state with a slight upward trend. This also means that the market is in an accumulation phase and there is potential for further price increases if purchasing power continues to strengthen.

MACD (Moving Average Convergence Divergence) analysis shows a DIF of 0.00388 and a DEA of 0.00408, with a MACD value of -0.00021. Although MACD has a negative value, the difference is not large, and DIF is tending to cut DEA. If the DIF crosses above the DEA, this will be a buy signal, indicating that the bullish trend may appear stronger.

In summary, based on technical indicators such as EMA, RSI and MACD, the short-term trend of the ALT/USDT pair on Binance on June 3, 2014 is showing signs of increase. The short-term EMA is above the long-term EMA, the RSI is neutral but bullish, and the MACD is likely to generate a buy signal if DIF crosses above DEA. Investors can consider monitoring further to determine the appropriate time to enter an order.

TIA technical analysis

Celestia (TIA) has been sustaining above the moving averages for the past few days, showing that bulls are attempting to initiate a new rally.

The moving averages have completed a bullish cross and the RSI is in positive territory, signaling that buyers have the advantage. Buyers will have to push the price above the $12.02-$12.90 zone to indicate the start of a new rally. The TIA/USDT pair could rise to $15.50 and then $18.50.

If the buyers fail to push the price above the upper zone, this shows that the sellers are operating at higher levels. A break below the moving averages could keep the pair in range for a while longer.

The 4-hour chart shows that the pair turned down from resistance near $11.60 and reached the 20 EMA. A strong rebound from the 20 EMA would indicate demand at lower levels. The pair could then rise to the overhead resistance at $12.02.

Instead, if the price continues to fall below the 20 EMA, this will signal that bullish momentum is weakening. The pair could then drop to the 50 SMA, which is likely to act as strong support.

JasmyCoin (JASMY) has become the center of attention after rumors of a partnership with Apple, a price target of 1 USD for 2024. Although there is no official confirmation from Jasmy Lab, the growth JASMY's strong presence in the market has sparked much speculation.

JASMY's trading volume increased by 300%, and its value has increased by 70.7% and 123.5% recently, demonstrating strong interest from investors. With a current market capitalization of $1.55 billion, JASMY is holding the 67th position on CoinMarketCap.

Analyzes from SpotOnChain and crypto analyst Captain Faibik show that JASMY has the potential for further growth, after successfully exiting the accumulation zone. This growth was also driven by key developments such as an AI-focused incubation program and speculation surrounding a potential partnership with Apple.

However, it should be noted that despite rumors, there is no official information about a direct partnership between JasmyCoin and Apple. At the same time, JASMY price predictions for 2024 are also varied, with some sources predicting a price increase of up to $0.05, while others predict the price could reach $1 by 2027.

For those interested in investing in JasmyCoin, it is important to keep a close eye on new developments and continue to do thorough research. JasmyCoin is aiming to revolutionize data management and usage, and if these plans are successful, it could bring significant benefits to both users and investors.

The Shift Of Shiba Inu Investors Toward New ICOs

Recently, Shiba Inu ($SHIB ) token holders have started turning their attention to Mega Dice ($DICE), a new ICO project on the Solana platform. Shiba Inu has experienced significant growth but is currently facing obstacles in the market.

Mega Dice, the world's first licensed GameFi project, attracted more than 1.2 million USD in its ICO. It is designed to offer many benefits to holders, including rewards and loyalty programs. Mega Dice plans to buy back and destroy tokens to create scarcity and drive up value, helping to attract more interest from investors.

This shift reflects the trend of seeking higher returns and portfolio diversification in the cryptocurrency community.

SHIB/USDT Analysis June 1, 2024

Current trends:
- EMA 13 and EMA 26: Currently, EMA 13 is below above EMA 26, showing a slight downtrend. SHIB/USDT price is fluctuating around the $0.00002550 area.

Detailed analysis:
1. Current price and "Value Zone":
- EMA 13: $0.00002583
- EMA 26: $0.00002566
- The current "Value Zone" is between $0.00002566 and $0.00002583.
- SHIB price is fluctuating around $0.00002550, close to the value zone.

2.Trading strategy:
- Uptrend: Wait for EMA 13 to cross above EMA 26, we consider a buy signal.
- Set up buy orders:
- Wait for SHIB price to adjust to the "Value Zone" around $0.00002566 - $0.00002583.
- Look for bullish Price Action signals (pin bar, inside bar) or candlestick reversal patterns in this area.
- Place a Buy order when there is a confirmation signal.
- Stop loss set below $0.00002483 to protect capital.
- Take profit with a trailing stop or at the nearest resistance at $0.00002650.

3.Risk and management:
- Risk: Stop loss at $0.00002483.
- Management: Use trailing stops to optimize profits if the price moves as predicted.

Conclude
With the current trend of SHIB/USDT on June 1, 2024, the "Value Zone" trading strategy focuses on waiting for the price to adjust to the $0.00002566 - $0.00002483 zone and finding a suitable buy signal. This helps optimize profit opportunities and manage risk effectively.

PEPE price is showing signs of reaching an all-time high, thanks to investor optimism and accumulation from whales. The amount of PEPE held by major wallets has increased significantly, with around 2 trillion PEPE accumulated over the past week, worth more than $25 million. Nearly 30 trillion PEPE is now on the brink of profitability, with an all-time high price of $0.00001725. To maintain the uptrend, PEPE needs to break above this level and turn it into support. Otherwise, the price could drop back to the $0.00001369 support.

Technical Analysis June 1: DOGE, SHIB

DOGE technical analysis

The bulls are struggling to maintain Dogecoin (DOGE) above the moving averages, which shows that the bears are selling after every small recovery.

If the price slips below the 50-day SMA ($0.15), the DOGE/USDT pair can drop to $0.14. This level could act as a floor, but if broken, the slide could extend to the critical support at $0.12.

Additionally, if the price rebounds from $0.14, it will signal demand at lower levels. The pair could then consolidate between $0.14 and $0.18 for a while. A breakout and close above $0.18 would open the door for a rally to $0.21.

SHIB technical analysis

The Shiba Inu (SHIB) bulls' failure to push the price above the $0.000030 resistance led to a pullback to the 20-day EMA ($0.000025).

If the price rebounds from the moving averages, the bulls will again attempt to push the SHIB/USDT pair above $0.000030. If they do that, the pair could rise to $0.000033 and then $0.000039.

Conversely, if the price continues to decline and breaks below the support line, it will signal that the bears are trying to make a comeback. The pair could then drop to $0.000018, where buyers are likely to jump in.

Analyze, comment and evaluate the trend of the PEPE/USDT trading pair on May 31, 2024

Moving average (MA):
Using MA 50 and MA 200, we see that PEPE is in the process of surpassing MA 50, showing that the short-term trend is showing signs of recovery. However, the 200 MA is still at a higher level, indicating that the long-term trend has not yet completely reversed.
Relative Strength Index (RSI):
RSI is at 60, showing that the PEPE/USDT trading pair has not yet fallen into the overbought zone, but has also left the oversold zone, implying a relative stability in the short term.
Bollinger Bands:
The current price of PEPE is approaching the upper band of Bollinger Bands, indicating that there is a possibility of a short-term correction when buying pressure may gradually decrease.

Comments and reviews
Short-term trend: In the short term, PEPE may continue to fluctuate within the current range, with important support at $0.0005 and resistance at $0.001. The recent recovery may motivate investors to participate, however, caution should be exercised with short-term price corrections.
Long-term trend: In the long term, PEPE needs to demonstrate the ability to maintain community interest and continuously have positive development activities. If it relies solely on the strength of memes and short-term interest, PEPE could face greater challenges as investors shift to assets with stronger fundamentals.

The PEPE/USDT trading pair on May 31, 2024 is showing signs of short-term recovery, but still poses many risks due to the meme coin's high volatility.

#memecoin🚀🚀🚀 #newsdaily
The return of the TRUMP meme

Following Donald Trump's guilty verdict, meme coin TRUMP has seen a significant recovery. Meme coins, which are cryptocurrencies created based on famous phenomena or characters for the purpose of satire or attracting attention, have always been a controversial part of the cryptocurrency community. TRUMP coin, inspired by the former President himself, quickly increased in price again after the verdict was announced.

This shows the fact that investors still tend to invest in assets that are highly "entertaining" and linked to prominent events. The growth of TRUMP coin after the verdict also partly reflects the psychology of a part of investors who want to find quick profits from short-term fluctuations.

The meme coin phenomenon and investment lessons

Meme coins, although they can bring big profits in the short term, often come with a high level of risk. TRUMP coin's strong recovery may just be a temporary phenomenon and does not reflect its true value. For investors, investing in meme coins should be considered carefully and should not be based solely on current events or an individual's popularity.

Lessons from previous meme coin cases such as Dogecoin or Shiba Inu show that rapid price increases are often accompanied by sudden declines. Therefore, investors need to have a clear strategy and should not invest all their capital in these types of assets.

Analysis of the current price action of $HBAR
On the daily timeframe, HBAR is above the 200-day EMA, which currently serves as a key support level that the bulls need to maintain to continue the upward momentum. Besides, the price also traded slightly above the 100-day EMA, indicating medium-term support. However, this close approach to the EMA indicates potential volatility and highlights the importance of maintaining this level to avoid further downside risks.

Hedera's weekly outlook
On the weekly timeframe, Long-term support levels include $0.067 and $0.073, which have historically acted as strong support, preventing further decline. Further resistance levels to watch are at $0.162, with a potential price ceiling at $0.198 and a major hurdle at $0.241. These levels are more important on the daily chart due to their long-term significance, providing more reliable signals to traders and investors.

Analyze support and resistance levels
The key resistance levels for the HBAR/USDT pair are $0.124, $0.118, and $0.107. These levels represent significant barriers where the price could encounter selling pressure. On the support side, the important levels to watch are $0.099, $0.090, and $0.085. These levels are essential as they indicate where the price can find buying interest and potentially recover.

Strategic recommendations
Hedera's current outlook is down to neutral over the medium term. If the price tests the daily Ichimoku cloud on the upside, this could trigger a bearish to bullish move and potentially reach the key resistance level at $0.162.

Dogwiphat price analysis and prediction ($WIF )

Dogwiphat (WIF) is currently trading between $2.54 and $3.32. Over the past week, the price has increased by 39.91%, and over the past month, by 44.97%. Over the past six months, the value of WIF has increased by 197.76%. The nearest resistance is at $3.69, with support at $2.13. The RSI is currently at 59.74, suggesting that WIF is neither overbought nor oversold, with the current trend looking impulsive.

Pepe price analysis and prediction ($PEPE )

Pepe (PEPE) is trading between $0.000011 and $0.000019. Over the past six months, PEPE has increased by 1305.17%. The price has increased 10.21% over the past week and 110.94% over the past month. The RSI at 31.32 shows that PEPE is in a correction phase. The resistance level to watch out for is 0.000022 USD and the support level is 0.000006 USD.

Shiba Inu price analysis and prediction ($SHIB )

Shiba Inu (SHIB) is currently trading within a range of $0.00002282 to $0.00002632. In the past six months, SHIB has increased by 234.46%. In the past month alone, SHIB has increased by 14.62% and 6.40% in the past week, showing strong upward momentum. With the RSI at 60.26, SHIB is likely to test the nearest resistance level at $0.00002833 in the near future.

Bonk (BONK) price analysis and prediction

Bonk (BONK) is trading within a range of $0.00003 to $0.00004. Over the past week, BONK has increased 25.06% and 63.72% over the past month. In six months, BONK has increased 960.64%. The coin is currently neutral with an RSI of 49.24. The resistance level is 0.00005 USD and the support level is 0.00002 USD. Other technical indicators show that BONK is in a correction phase.