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BONK Price Rise Sees Meme Coin Overtake FLOKI 🚀🚀🚀🚀🧧🧧🧧 $BONK $FLOKI Last week, BeInCrypto’s technical and on-chain analysis predicted that Bonk (BONK) was looking to reach $0.000025. But that was not the end, as the meme coin went further and surpassed the prediction. Amid its recent increase, something else has happened, and a deeper analysis hints at a surprising revelation. Volatility Rises as the Solana Meme Coin Overtakes FLOKI According to CoinGecko, Bonk’s market cap was about $1.49 billion on July 1. Around the same time, Floki (FLOKI), another meme coin, had a market cap of $1.62 billion. Fast forward to today, things changed, as BONK’s market cap hit $1.73 billion while FLOKI’s was lower at $1.70. The rise in the market cap can be linked to BONK’s price performance since the market cap is a product of price and circulating supply. At press time, the price has increased by 10.50% in the last 24 hours. This is higher than FLOKI, which is a 3.58% hike. Following the price increase, Santiment data shows that volatility around BONK has spiked. Specifically, the on-chain analytic platform put the one-day volatility at 0.042. Volatility indicates how quickly prices can move within a short period of time. If accompanied by buying pressure, high volatility can help the value of a token surge to incredible levels. However, if selling pressure is intense during high volatility, the price can crater in a flash. In BONK’s case, the price may continue to jump if buyers do not rest on their oars. If this were the case, it would have marked the end of BONK’s uptrend as it is bullish-to-bearish. However, since the pattern is inverse, it means that the trend is bearish-to-bullish. Therefore, BONK’s price may reach head toward $0.000031 if buyers decide to sustain the momentum. #prediction #analysis #mememcoinseason2024
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$NOT 🧧$NOT 🧧 $NOT NOT Coin Price View 👀 While exchanges continued between Notcoin investors, Open Interest data fell $70 million 7 days ago, creating uneasiness. However, the recovery process has started and is now observed to have risen to $151 million. This increase in the open interest rate shows that market investors' confidence in Notcoin is increasing again. The recovery that took place marks the return of the traders. The fact that the funding rate in the futures market continues to remain positive also reinforces investor confidence. NOTE is trading above the $0.014 level as of writing time. This level serves as support as a downtrend line. If it moves away from this level, a price increase may be triggered. The initial target is $0.017 and could transform as a support if this level is exceeded. In order for Notcoin, which came out on Telegram and affected the market, to exceed 0.020 dollars, the $0.017 barrier must be overcome. If the price does not rise, the initial support is at the level of $0.013. In this case, the decline may continue up to $0.012. NOTE price should stay above the $0.014 level. If the $0.017 level is exceeded, a price increase should be expected. The $0.013 level is the first support point in the possible decline. The positive remaining of the funding rate indicates that investors have taken a long position. As a result, the optimism of Notcoin investors remains. It is important that the price remains above $0.014 and exceeds the $0.017 level. In the event of a fall, $0.013 is the critical support level. #NOTUSDT🚨 #NOT🔥🔥🔥 #analysis
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🚨🚨 WHALE ALERT 🐳 🐋 $ENA 🧧 $ENA 🧧$ENA PEPE, SHIB and BONK Left Aside! Whale Sent This Altcoin to Binance A remarkable financial move was reported by The Data Nerd today. A whale with a 0x2Ea address invested 3.8 million ENA on Binance, which amounted to approximately $2.12 million just seven hours ago. This transaction had a great impact in the market as it contained a large amount of tokens and had significant financial consequences for the whale. Let's look at the details of the development. Altcoin ENA Move from the Whale It seems that this big investment of the whale will be a serious consequence. Accordingly, if ENA tokens are sold at the current market price, there will be a loss of approximately $1.72 million. A reflection of this situation is that the value of the ENA has fallen significantly since the purchase of the whale. We can state that the decrease in investors' confidence in the ENA is also among the reasons for these losses. The recent activities of the whale also cause an increase in our level of interest. Because although this whale sends ENA to Binance, it is a whale that invests heavily in the relevant cryptocurrency. Last month, the whale accumulated a total of 11 million ENA, costing about $11.2 million. This large-scale acquisition demonstrated the whale's strong belief in the ENA's potential. However, the sharp price declines seem to have caused the whale's faith to be shaken. Currently, the whale has still staked a significant portion of its ENA assets. 7.1 million ENA tokens are in stake in Pendle, a decentralized financial platform. This staked amount also faces an unrealized loss of about $3.22 million. Unrealized losses mean that the value of the staked tokens fell, but the loss did not occur because the tokens were not sold. #ENAUSDT🚨 #Whalestrap ##WhalesBuying
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$TRX $TRX $TRX 🧧🧧🧧 This Altcoin Will Close June at the Top 🚀🔥 Although most of the altcoins have made significant bottoms this month, there are of course some exceptions. One of them was TRX Coin. Bitcoin (BTC) is at $61,350 at the time of the summer. Sales accelerated due to the fear that over $10 billion BTC would be sold on crypto exchanges as of July. Tron (TRX) TRX price is trading at $0.12, the peak of 30 days ago, and this month the price is up about 10 percent. When the on-chain data are examined, it is seen that the increase in the price of TRX is supported by increasing demand in market participants. BTC is above the neutral zone for TRX when the daily RSI is at the bottom of the year. The overbought level is 70 at the RSI and the TRX is at 66.25. This confirms the strength of demand. Pointing to the accumulation, the RSI at 66.25 directed some of the investors to profit sales. Although TRX inflows to the exchanges increased by 4% in 30 days, this did not trigger significant losses in the price. At the time of the article, there are 181.8 TRX on the exchanges. The Parabolic Stop and Reverse (SAR) indicator also confirms the purchase pressure. Since this indicator follows price trends, it gives investors an idea at the forecast point of the direction. For now, the only negativity is that BTC cannot exceed $62,500. If BTC tests below $60,000 again, this could cut buyers' appetite. If the increase continues, the first key obstacle to the bulls will be $0.127. This level was last tested in May, then we saw the price drop by over 13%. $0.118, maintained as a support level, is solid for now. However, in the scenario where the support is lost, the price is likely to go down to the bases of $0.110 and 0.105. Further below is the support of $0.0965. BTC price is not very familiar with the big highs in the summer. Considering that potential sales of over $10 billion are being discussed, especially for July, we may not see a supportive general market for TRX in the coming weeks. #dyor" #ANALYSIS #TRX✅
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$MTL $SATS $PEOPLE 🧧🧧🧧🧧🧧 MTL, SATS, and PEOPLE Price Prediction 🤔 🔎 SATS and PEOPLE Price Prediction Both continue with 17 percent gains on the Binance exchange. They share the top two on the list of the most earning altcoins of the Binance exchange in the last 24 hours. SATS Coin fell 84 percent from the top in 175 days. The price, which dipped at $0.0000000149 on June 17, is now recovering and has been burning stable green candles for a few days. Moreover, it does this despite this weak outlook of the markets. If SATS Coin can convert $0.000000221 in support, it could climb to the $0.000000339 level, which it started to decline in June. Then there is the potential to target the level where the rapid decline on April 12 began. We said that this month's rapid rise for PEOPLE Coin could quickly reverse. The price fell to the bottom of $0.0791 with ret from $0.135. Today, it is trying to overcome the resistance of 0.0934 dollars with an increase of about 17 percent. If successful, $0.097 and $0.108 could be targeted. On June 18, MTL Coin, which pinned below $1 with fast sales, returned to $1.3. Daily closes above the current level can now reverse the decline, which started at the end of May. Investors should be wary of strong profit sales that may come from here without forgetting the long top wick on June 20. #prediction2024 #CryptoTradingGuide #analysis
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