🚀 Bloodbath in Cryptocurrencies: 3 Altcoins with Potential Opportunities 🚀
1. **TRON (TRX)**
TRON is a blockchain platform aiming to create a global digital entertainment ecosystem with free content and decentralized applications. Since November 2022, TRON has been on a consistent uptrend, supported by a dynamic trendline that encourages buy-the-dip sentiment. Recently, on June 18th, TRON bounced back from this support line, rising 12.56% to $0.12 and pushing its market cap to $11.07 billion. If selling pressure continues, TRX might drop 6% to test the trendline again. As long as this support holds, TRON's bullish trend should persist.
2. **BONK**
BONK is a meme coin on the Solana blockchain, known as a community-driven "dog coin." Recently, BONK's price fell from $0.000045 to $0.000018, a 59% drop, but found support at an ascending trendline that has been bolstering its price for five months. Defying the market's downturn, BONK rebounded by 11% to $0.000023, increasing its market cap to $1.57 billion. If the support line holds, BONK could rise further, aiming to break resistance at $0.000027 and then $0.000035.
**Key Takeaway**
The cryptocurrency market is under significant selling pressure, especially as Bitcoin falls below $60,000 due to liquidations from Mt. Gox and the German Government. This bearish trend has affected altcoins, driving many to their lowest support levels. Despite this, some altcoins, like TRON and BONK, have shown resilience and maintained their positions against the prevailing market pressure.