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XRP Price Prediction for June 11. XRP/USD. The rate of XRP has declined by almost 2% since yesterday. Even though the trend is bearish, the price of XRP has made a false brekaout of the local support level of $0.4793. If the daily bar closes far from it, there is a chance to see a test of the resistance by tomorrow. On the bigger time frame, the rate of XRP keeps going down after yesterday's bearish closure. If the bar closes near $0.48 or below it, the decline is likely to continue to the $0.46 zone. From the midterm point of view, the picture is quite similar. The price has once again failed to fix above the vital zone of $0.50. If buyers cannot seize the initiative by the end of the week, one can expect a test of the resistance of $0.4309 soon. XRP is trading at $0.4831 at press time. #TopCoinsJune2024

XRP Price Prediction for June 11.

XRP/USD.

The rate of XRP has declined by almost 2% since yesterday.

Even though the trend is bearish, the price of XRP has made a false brekaout of the local support level of $0.4793. If the daily bar closes far from it, there is a chance to see a test of the resistance by tomorrow.

On the bigger time frame, the rate of XRP keeps going down after yesterday's bearish closure. If the bar closes near $0.48 or below it, the decline is likely to continue to the $0.46 zone.

From the midterm point of view, the picture is quite similar. The price has once again failed to fix above the vital zone of $0.50. If buyers cannot seize the initiative by the end of the week, one can expect a test of the resistance of $0.4309 soon.

XRP is trading at $0.4831 at press time.

#TopCoinsJune2024

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DOGE Price Prediction for June 19. DOGE/USD. Unlike other coins, the price of DOGE has increased by 2.74% over the last day. On the hourly chart, the rate of DOGE is closer to the resistance than to the support. If the breakout of the $0.1267 level happens, the rise may continue to the $0.13 range. On the bigger time frame, neither buyers nor sellers are dominating. In this case, there are low chances to expect any sharp moves soon. All in all, ongoing sideways trading in the zone of $0.12-$0.13 is the more likely scenario for the next few days. From the midterm point of view, the price of DOGE is on its way to testing the support of $0.1064. However, if the weekly bar closes far from its low, one can expect a local bounce back to the $0.14 area. DOGE is trading at $0.1219 at press time.
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SHIB Price Prediction for June 19. SHIB/USD. The rate of SHIB has risen by 2.49% since yesterday. The price of the altcoin is in the middle of the local channel, between the support of $0.00001797 and the resistance of $0.00001891. In this regard, sideways trading around the $0.00001850 mark is the more likely scenario until the end of the day. On the bigger time frame, the situation is similar. None of the sides is dominating, which means there are low chances to expect sharp moves soon. However, if the price gets back to the $0.000017 mark, there is a possibility to see a test of the support soon. On the weekly time frame, the decline continues, and there are no reversal signals yet. Until the rate is below the $0.000020 mark, traders may witness a further correction. SHIB is trading at $0.00001802 at press time.
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Toncoin (TON) Skyrockets 376% in Whale Activity; What's Going On? In a striking development, Toncoin (TON) whales have recently ramped up their activity. According to on-chain data, whale activity for Toncoin has surged by an impressive 376% as the market steers toward recovery following a bearish start to the week. According to Into TheBlock data, Toncoin (TON), a cryptocurrency associated with the popular Telegram platform, has witnessed a remarkable surge in the last 24 hours in large transaction volume, a metric denoting whale activity. This surge, quantified at an impressive 376%, comes at a time when Toncoin is facing a price decline. At the time of writing, TON was down 2.53% in the last 24 hours to $6.90, extending a two-day decline. Meanwhile, the large transaction volume for Toncoin has come in at 1.74 million TON in the last 24 hours, or $12.42 million worth, representing a 376% increase. Toncoin set for rebound? After an enormous rally that caused Toncoin to reach an all-time high of $8.24 on June 15, bulls might be taking a breather before the next major move. The MVRV indicator from Santiment suggests the likelihood of consolidation or range trading for Toncoin in the short term. The MVRV ratio compares the market value of a crypto-asset to its realized value, offering insights into average trader returns. A lower 30-day MVRV suggests that the asset is undervalued and may be poised for a short-term price increase, while a higher ratio indicates overvaluation and the potential for a price correction. According to Santiment, Toncoin currently exhibits a 30-day MVRV of -0.6%, which is considered neutral. This neutrality in the MVRV ratio implies that Toncoin's market value is closely aligned with its realized value, indicating that the asset is neither overvalued nor undervalued at this juncture. In such a scenario, the likelihood of a short-term bounce is ambiguous, leaving investors to look for other signals to inform their trading decisions.
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Dogecoin (DOGE) Market Mystery: On-chain Data Reveals Intriguing Holder Trend. In a surprising twist on the Dogecoin (DOGE) market, on-chain data has unveiled a significant shift in holder behavior. According to a recent analysis by Into TheBlock, the largest Dogecoin whales have been steadily reducing their holdings over the past year. The data reveals that the percentage of the total Dogecoin supply held by those owning more than 0.1% each has decreased from 45.3% to 41.3%. This decline indicates that some of the largest holders of Dogecoin are lightening their positions, potentially altering the dynamics of the market. Conversely, the same period has seen a notable increase in the share of Dogecoin held by retail and mid-sized investors. As whale holdings diminish, these smaller investors now command a larger portion of the total supply. The on-chain data revealing the decrease in Dogecoin whale holdings and the subsequent increase in retail and mid- sized investor participation highlights a significant shift in the market. As the dynamics of Dogecoin ownership evolve, market participants will be closely watching to see how these changes impact price movements and overall market activity. DOGE price action. At the time of writing, Dogecoin price was posting a rebound, up 3.14% in the last 24 hours to $0.123 after reaching lows of $0.113 yesterday in a two-day drop. According to Santiment, crowd sentiment for Dogecoin has plummeted dramatically following its price decline, creating an opportunity for patient traders. At its current trading level, DOGE is currently positioned above a significant on-chain support level. According to Into TheBlock data, 41.78 billion DOGE were acquired at an average price of $0.103, showing a high demand zone that might be critical if the market continues to weaken. On the upside, DOGE may encounter resistance near $0.137, where 10.9 billion DOGE are now held at a loss.
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11,358 Bitcoin (BTC) Moved in One Hour - What's Happening Here? Whale Alert, a popular blockchain tracker that traces large cryptocurrency transactions, spotted several consecutive Bitcoin transfers earlier today. These transactions moved close to a whopping billion U.S. dollars within just a single hour. This happened as Bitcoin rebounded after its 4% decline on Tuesday. 11,358 Bitcoin on move. The aforementioned blockchain tracker detected three consecutive transactions, which transferred 11,358 BTC in total – the - equivalent of more than $743 million. These transactions carried 6,499; 2,359 and 2,500 Bitcoins. Just the first transfer alone was worth almost half a billion U.S. dollars. These mammoth transactions took place between unknown blockchain addresses. The amounts of 6,499 BTC and 2,359 BTC were transferred from the same wallet, vtv93w. Bitcoin recovers from recent drop on fourth day of Bitcoin ETF outflows. On Tuesday, the world's flagship cryptocurrency, Bitcoin, sent ripples through the crypto market by falling 4.05% as the price went down to the $64,360 zone. Since then, over the last 24 hours, BTC has printed a recovery, striving to break above $65,590. However, it was pushed back from this resistance level and is currently trading at $65,148. Among the multiple factors that have caused Bitcoin to drop once again was the fact of spot Bitcoin ETFs seeing zero inflows on June 18. Grayscale Bitcoin Trust saw a major outflow of $62.3 million, which was surpassed only by Fidelity's ETF seeing $83 million in BTC getting withdrawn from it. It was the fourth consecutive day of outflows, according to the @spotonchain analytics platform on X.
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